×

Diversified Financials Capital Markets

  • Yet results also will reflect a hit from storms in the southern United States and Puerto Rico in a broad range of industries including energy, transportation, chemicals manufacturing and retail. "For both macro data and earnings, create more uncertainty," said Bob Doll, chief equity strategist at Nuveen Asset Management in Princeton, New Jersey.

  • NEW YORK, Oct 11- BlackRock Inc Chief Executive Larry Fink on Wednesday warned that strong demand for investments such as long-dated government bonds could push their prices to a risky point. The head of the world's largest asset management company said investors' appetite for those assets could move long-dated yields below those of shorter-term debt.

  • Oct 11- Wall Street was sluggish at the open on Wednesday, as strong results for BlackRock, the world's biggest asset manager, and an upbeat mood in Europe failed to offset caution about third quarter corporate results. The Dow Jones Industrial Average rose 3.99 points, or 0.02 percent, to 22,834.67. The S&P 500 lost 0.56 points, or 0.02 percent, to 2,550.08.

  • Oct 11- BlackRock Inc closed in on $6 trillion in assets under management as investors stormed into their index funds and the bull market in U.S. stocks raged on, it said on Wednesday. BlackRock, the world's biggest asset manager, reported an 8.2 percent rise in quarterly profit, beating Wall Street estimates as it attracted $96 billion into its funds, about half of...

  • *FOMC releases minutes from Sept policy meeting at 2:00 p.m. ET. Oct 11- Wall Street's main indexes were set to inch down at opening on Wednesday, strong results for the world's biggest asset manager, BlackRock and an upbeat mood in Europe failing to offset caution about third quarter corporate results. "Third quarter results of large banks are expected to be...

  • Oct 11- BlackRock Inc, the world's biggest asset manager, reported a 8.2 percent rise in quarterly profit that beat Wall Street estimates on Wednesday, helped by higher fees as investors moved more money into low-cost exchange traded funds. BlackRock's iShares exchange-traded funds business took in $52.3 billion in new money, up from $51.26 billion, a year...

  • Oct 11- BlackRock Inc, the world's biggest asset manager, on Wednesday reported a 8.2 percent rise in quarterly profit, helped by investment advisory, administration fees and securities lending revenue. The New York- based company's net income rose to $947 million in the third quarter ended Sept. 30 from $875 million a year earlier. On a per share basis, BlackRock...

  • SHANGHAI, Oct 11- Offshore institutions increased their holdings of Chinese bonds for a seventh consecutive month in September, indicating resilient overseas demand for the securities despite a weakening yuan. Holdings of all forms of Chinese bonds held by offshore investors and cleared by China Central Depository and Clearing Co rose by 38.7 billion yuan...

  • Oct 10- Nelson Peltz put his activist hedge fund credentials on the line to win a board seat at Procter& Gamble Co, only to be narrowly defeated, according to a preliminary shareholder vote count. Peltz, CEO of Trian Fund Management, was also rebuffed in a battle for board seats, or proxy contest, at DuPont two years ago. "Overall, Nelson Peltz has a good record and he does...

  • WASHINGTON, Oct 10- U.S. policy proposals to cut red tape for public companies are unlikely to boost listings while borrowing rates continue to be low and could increase risks for investors, the chief executive of FTSE Russell, the world's largest index firm, said on Tuesday. Treasury published a 232- page report proposing sweeping reforms to the country's...

  • Oct 10- Procter& Gamble Co said on Tuesday activist hedge fund manager Nelson Peltz lost his fight to win a seat on the company's board, according to a preliminary tally of shareholder votes in the biggest and most expensive proxy contest ever. Peltz, whose Trian Fund Management LP owns a $3.5 billion stake in the world's largest consumer products maker by market...

  • Oct 10- Procter& Gamble Co repelled a challenge from activist investor Nelson Peltz for a board seat on Wednesday after shareholders backed all 11 directors nominated by the U.S. consumer goods company's management. Peltz had been seen as the favorite to win the contest, because he had the backing of all three top shareholder advisory firms, which recommend how...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • LONDON, Oct 9- Struggling to make money amid ultra-low market volatility, misfiring hedge funds are sticking to their guns with their currency and bond bets on a weaker dollar, stronger UK pound and rising U.S. interest rates. The latest futures market positioning data from the Chicago Mercantile Exchange, however, suggests the two foreign exchange trades of...

  • *London bankers at French houses prepare for life in Paris. LONDON/ PARIS, Oct 9- While most London- based bankers are brushing up on their German to prepare for a move to Frankfurt post-Brexit, senior staff at French investment banks expect to say "Oui" to government pressure to bring jobs home to Paris. Although French banks have been wavering about their plans, the...

  • LONDON, Oct 8- HSBC wants to appoint company insider John Flint as its next chief executive and has approached regulators seeking their approval, Britain's Sunday Times newspaper said. Europe's biggest bank has told the Bank of England it wants approval for Flint, who currently runs the lender's retail and wealth management businesses, to take over from Stuart...

  • *Credit Suisse WM sees no change to strategy due to Spain. *Softer euro helps Germany's DAX end week near record high. Credit Suisse International Wealth Management Chief Investment Officer Michael O'Sullivan said he did not expect to change investment strategy because of events in Spain.

  • The discovery came when the SEC was testing EDGAR's ability to absorb monthly and annual financial filings that will be required under new rules adopted last year for the $18 trillion mutual fund industry. The industry has since redoubled its calls for SEC Chairman Jay Clayton to delay the data-reporting rules, set to go into effect in June next year, until it is...