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27.06.2019

As migrants languish in border facilities, U.S. Congress struggles to finalize emergency aid

Congress and the White House were attempting to broker a deal over how to spend emergency aid to address the migrant surge as lawmakers, private companies and presidential candidates raised alarms...
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26.06.2019

U.S. funds look for 'crazy cheap' stocks as indexes hit record highs

Record highs in the U.S. stock market and the anticipation of equity-friendly interest rate cuts by the Federal Reserve later this year are prompting top-performing large-cap fund managers to seek...
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26.06.2019

Your Money: Make a paycheck checkup easier, despite the IRS

The Internal Revenue Service would like American taxpayers to look over their paystubs and make sure they are withholding the right amount - please.
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26.06.2019

Kuwaiti equities to be in main MSCI emerging markets index from 2020

MSCI Inc said on Tuesday it would upgrade Kuwaiti equities to its main emerging markets index in 2020, a move that could trigger billions of dollars of inflows from passive funds.
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25.06.2019

BofA commodity arm fined by DOJ for trading practices

Bank of America Corp's commodity arm Merrill Lynch Commodities Inc has agreed to pay $25 million to resolve a probe into its trading practices, the U.S. Department of Justice said on Tuesday.
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25.06.2019

Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others

Norway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central...
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24.06.2019

UK puts mini-bond regulation under spotlight after LCF collapse

Britain's finance ministry said on Monday it would look at whether the regulation regime around mini-bond investments, used to raise funds for small businesses, is up to scratch following the...
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24.06.2019

Natixis' H2O sells some illiquid debt to try to staunch outflows

H2O, one of French bank Natixis' asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to stem outflows of customer money.
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22.06.2019

Lords of the Ring: Can 'smart' ring give BlackRock fund managers the edge?

After years of using the internet, satellites, algos and other innovations to mine 'Big Data' for that edge over rivals, the world's biggest investment firm is trialing a gizmo that puts the focus...
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21.06.2019

U.S. judge tosses former SAC Capital trader's insider trading guilty plea

A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying...
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20.06.2019

HomeStreet defeats activist Roaring Blue Lion in proxy contest

HomeStreet Inc defeated Roaring Blue Lion Capital Management's campaign to unseat one director and install its own candidate, ending a two-year standoff between the financial services company and the...
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20.06.2019

Highfields spinoff Solel Partners to start trading later this year

Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders' former...
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19.06.2019

DoubleLine's Gundlach says Fed's 'pivot' is following bond market's lead

Jeffrey Gundlach, chief executive of DoubleLine Capital and the most widely followed bond investor, said the Federal Reserve's dovish turn in its policy statement on Wednesday took its lead from the...
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19.06.2019

Column: U.S. legislation will help retirement security, but bigger steps are needed

Federal policy on retirement security is one chaotic mess right now.
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19.06.2019

Most SoftBank Vision Fund investors want to join second fund: CEO Son

Most investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, and discussions with those investors will begin soon, SoftBank founder and Chief...
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18.06.2019

Your money: Buying or refinancing? The mortgage rate frenzy is back

Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home - or refinance.
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18.06.2019

Wells Fargo parent is dismissed from lawsuit by Philadelphia, Baltimore

Wells Fargo & Co was dismissed as a defendant in a lawsuit brought by the cities of Philadelphia and Baltimore, which accused large banks of conspiring to inflate interest rates for variable-rate...
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18.06.2019

Investor Litt says Hudson's Bay worth double chairman's C$1.74 billion bid

Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson's Bay Co private as "woefully inadequate" on Tuesday, saying the chairman-led shareholder group...
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17.06.2019

After Woodford fund suspension, focus turns to its stewards

The suspension of Neil Woodford's flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly.
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17.06.2019

Your Money: Millennials should shrug off annuities for now

The days of guaranteed pensions from work are long gone, but can annuities make up the difference for millennials?
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