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18.06.2013
Hedge funds brace for renewed debt crisis
MONACO (Reuters) - The euro zone's debt crisis may be far from over, while Japan's money-printing gamble to revive its economy could destabilize global markets if it doesn't work, some hedge fund...
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Inflation data points to firming economy
WASHINGTON (Reuters) - A gauge of underlying inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want firmer prices.
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Swiss parliament stalls progress of U.S. tax deal
ZURICH (Reuters) - Switzerland's lower house of parliament has stalled a government bid to protect the country's banks from criminal charges in the United States for helping wealthy Americans to...
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The rich expand their holdings and increase in number: study
(Reuters) - The number of millionaires in the world jumped 9.2 percent to 12 million last year, in part because of simultaneous strength in the stock, bond and real estate markets, according to a...
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Rebalance of Russell index to bring volume surge at quarter-end
NEW YORK (Reuters) - Investors accustomed to late market volatility at the end of the quarter should expect an extra jolt on June 28, when billions of dollars in stock trades will be executed in less...
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Hedge fund managers don hairshirts and 'impact investing' at Monaco meet
MONACO (Reuters) - Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
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Janney hires Morgan Stanley adviser team in Maryland
(Reuters) - Philadelphia-based brokerage Janney Montgomery Scott LLC has hired a team of veteran advisers from Morgan Stanley Wealth Management to join its private client group in Maryland, Janney...
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Housing starts miss expectations, but overall tone upbeat
WASHINGTON (Reuters) - Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market.
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Finding value when the market misbehaves
CHICAGO (Reuters) - Traders are nervous as Wall Street waits for the Federal Reserve to reveal its next quantitative easing move. Last week marked the third week out of the last four in which major...
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Spendthrift elite signals equity slide, behavioral experts warn
LONDON (Reuters) - Record prices at art auctions in recent weeks and oversubscribed holidays by private jet are among signals that a stock market slump is approaching, if followers of behavioral...
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Astor's son, 89, going to New York jail after losing mercy plea
NEW YORK (Reuters) - The 89-year-old son of late New York socialite Brooke Astor on Monday lost a final plea that because of old age and illness he should avoid prison time for his conviction on...
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British private bank goes the extra furlong for clients
LONDON (Reuters) - When Royal Ascot gets under way on Tuesday, the race meeting's official bank will be continuing a tradition almost as old as the event that remains one of the highlights of the...
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Investors doubt U.S., European governments can cut debts by 2016: poll
LONDON (Reuters) - Governments in the United States and Europe will not be able to significantly cut their debts in the next three years, a large majority of investors believe, according to a poll...
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EU tax chief urges Swiss to end bank secrecy
BERNE (Reuters) - The European Union official in charge of tax policy tried to persuade Switzerland on Monday to agree to surrender more information about clients of its big banking industry as part...
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The best place to work after age 50? NIH, says AARP
CHICAGO (Reuters) - Phil Lenowitz works in Bethesda, Maryland, but a year ago he moved to Asheville, North Carolina. At age 63, Lenowitz spends three weeks each month in Bethesda, where he is deputy...
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Swiss panel recommends exchange of bank data with EU
ZURICH (Reuters) - Switzerland should be ready to share data on foreign depositors with the European Union even before a global standard is established, a government panel said on Friday, a move...
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JPMorgan's private equity unit to become independent
(Reuters) - JPMorgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest U.S. bank increases its focus on client businesses.
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Investors favor non-agency mortgages, bank loans amid rate rise
CHICAGO (Reuters) - Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will rise.
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Investors favor non-agency mortgages, bank loans amid rate rise
CHICAGO (Reuters) - Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will...
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Column: Economic worries and the global elite - Chrystia Freeland
EDINBURGH (Reuters) - Here's one sign the global elite is starting to get worried that capitalism isn't working for the Western middle class. At the TED Global gathering in Scotland's elegant capital...
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SEC says Revlon misled shareholders in a Perelman deal
(Reuters) - The Securities and Exchange Commission charged Revlon Inc with misleading shareholders about a transaction with its controlling shareholder, billionaire Ronald Perelman, and the cosmetics...
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Analysis: This time, bond investors think a Fed pullback is real
That's the judgment of U.S. government bond investors who believe the Federal Reserve is close to paring back its $2.5 trillion, 4-1/2-year bond purchase program, and it's causing turmoil in the U.S....
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More than $100 billion trapped in 'zombie funds:' industry data
LONDON (Reuters) - Private equity firms are sitting on $116 billion of assets trapped in so-called zombie funds that lie dormant but still rake in fees from investors, research showed on Thursday.
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Britons' net incomes fall to lowest since 2001-02
LONDON (Reuters) - Britons' real net incomes fell to their lowest level in a decade in the year ending in March 2012, annual data from the country's labor ministry showed on Wednesday.
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How to fight age discrimination
CHICAGO (Reuters) - Older Americans are being urged to repair their retirements by working longer. But it's difficult to do in a tough economy, and one cause is illegal age discrimination by...
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