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Diversified Financials Capital Markets

  • CARACAS, Sept 1- U.S. electronic brokerage firm Interactive Brokers has informed clients that it will no longer buy Venezuelan bonds for them, according to a message to clients seen by Reuters and confirmed by the company. The move comes after the United States imposed financial sanctions on the government of President Nicolas Maduro last week that include a...

  • HONG KONG, Sept 1- Chinas Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg for 1.48 billion euros in the biggest takeover of a European deposit-taking bank by a Chinese firm so far. Legend, best known as owner of computer group Lenovo Group Ltd, is acquiring 161- year-old BIL from Precision Capital, an...

  • HONG KONG, Sept 1- Chinas Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg from Qatar's royal family for 1.48 billion euros, marking its biggest overseas acquisition. Legend, owner of computer group Lenovo Group Ltd, is acquiring 161- year-old BIL from Precision Capital, an investment vehicle of Qatar royal...

  • *First Japan Post share sale since massive 2015 IPO. *Government to meet underwriters Monday- sources. TOKYO, Sept 1- Japan's government plans to sell shares in Japan Post Holdings Co as soon as this month, the first sale since the company's massive 2015 listing, a government source familiar with the deal said on Friday.

  • *Around 20 million electric cars seen on UK roads by 2040. LONDON, Sept 1- Britain must plough billions of pounds into new power plants, grid networks and electric vehicle charging points if it is to avoid local power shortages when a planned ban on new diesel and petrol cars begins. The aim is to reduce air pollution, a source of growing public health concerns, and help...

  • Funds that increased their position in the company during the last quarter included the $116 billion Fidelity Contrafund, the $4.7 billion T Rowe Price Small Cap Growth Equity fund and the $1.5 billion Buffalo Discovery fund, Lipper data shows. "Active managers have not done a good job of diffusing the argument that you would be better off in a passive fund, and...

  • COPENHAGEN, Aug 31- A group of institutional investors in OW Bunker said they plan to sue Morgan Stanley and Carnegie for about $80 million, accusing the two investment banks of misleading them ahead of the 2014 listing of the now bankrupt marine fuel oil supplier. Denmark's OW Bunker was valued at $1 billion when it floated in March 2014, but the company filed for...

  • COPENHAGEN, Aug 31- A group of institutional investors in OW Bunker said they plan to sue Morgan Stanley and Carnegie for about $80 million, accusing the two investment banks of misleading them ahead of the 2014 listing of the now bankrupt marine fuel oil supplier. Denmark's OW Bunker was valued at $1 billion when it floated in March 2014, but the company filed for...

  • HONG KONG, Aug 31- As regulatory crackdowns in China hit risky investment products and capital outflows, the country's private banks are looking to profit as they target a bigger share of growing wealth in the world's second-largest economy. Beijing's clampdown since last year on sending capital outside the country was also opening up opportunities for...

  • *Denmark's ATP moves investments to cash shares from derivatives. COPENHAGEN, Aug 30- Denmark's largest pension fund, ATP, said on Wednesday it will seek more active ownership of companies by pushing management to practice good governance and consider their social and environmental impact. "We want to be more active at annual meetings, we want to be more active in...

  • *Denmark's ATP moves investments to cash shares from derivatives. COPENHAGEN, Aug 30- Denmark's largest pension fund, ATP, said on Wednesday it will seek more active ownership of companies by pushing management to practice good governance and consider their social and environmental impact. "We want to be more active at annual meetings, we want to be more active in...

  • BEIJING, Aug 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $93.99 billion as of Aug. 30, from $93.27 billion at end-July, the foreign exchange regulator said on Wednesday.

  • Earnings growth should add momentum to take Japan's Topix above 1,800 this year, says Peter Boardman, managing director, NWQ Investment Management.

  • *Wall Street futures point to heavy falls. MILAN, Aug 29- World stocks tumbled and safe-haven assets soared on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. The risk-off move spread from Asia to Europe and a rally in the euro to above a key level chipped in to put regional stocks on...

  • TORONTO, Aug 29- Bank of Montreal, Canada's fourth-biggest lender, on Tuesday reported third-quarter earnings which were ahead of expectations, driven by strong growth from its Canadian retail and wealth management businesses. The bank reported earnings per share of C $2.05, up from C $1.86 a year ago. Analysts had on average expected earnings of C $2.00 per...

  • TORONTO, Aug 29- Bank of Montreal, Canada's fourth-biggest lender, on Tuesday reported third-quarter earnings which were ahead of expectations, driven by strong growth from its Canadian retail and wealth management businesses. The bank reported earnings per share of C $2.05, up from C $1.86 a year ago. Analysts had on average expected earnings of C $2.00 per...

  • *N.Korea missile launch over Japan escalates tensions. MILAN, Aug 29- World stocks tumbled and safe-haven assets jumped on Tuesday after North Korea fired a missile over northern Japan, fueling worries of fresh tension between Washington and Pyongyang. South Korea's Kospi, meanwhile, shed as much as 1.6 percent, helping to drag down MSCI's broadest index of...

  • SINGAPORE, Aug 29- Australian asset manager Qado and commodity merchant RCMA plan to jointly develop and market natural gas assets in the state of Queensland to sell the fuel in the country's struggling power market. "RCMA will support approved Eastern Australia Qado operated upstream projects with gas trading and marketing services, and direct investment...

  • SINGAPORE, Aug 29- Australian asset manager Qado and commodity merchant RCMA plan to jointly develop and market natural gas assets in the state of Queensland to sell the fuel into the country's power and gas markets, where prices are soaring due to tight supply. Qado and RCMA hope to fill this supply gap and profit from high and volatile local power and gas prices,...

  • SINGAPORE, Aug 29- Australian asset manager Qado and commodity merchant RCMA plan to jointly develop and market natural gas assets in the state of Queensland to sell the fuel in the country's struggling power market. "RCMA will support approved Eastern Australia Qado operated upstream projects with gas trading and marketing services, and direct investment...