Reuters US Money

By Anshuman Daga SINGAPORE (Reuters) – Credit Suisse, which has been buffeted by a string of scandals, management changes and global strategy rejigs, is still betting big on China and plans to launch a wealth business there next year, a senior Asia executive said. “In spite of all these rumours flying around that Credit Suisse …

Exclusive-Embattled Credit Suisse aims to launch China wealth business next year Read More »

By Byron Kaye SYDNEY (Reuters) -Central banks had been “caught napping” with respect to inflation and would have to raise interest rates more aggressively as a result, extending equity market turmoil, the head of Australia’s sovereign fund said on Wednesday. The chair of the Future Fund, which covers pension liabilities for Australian public servants, also …

Australian sovereign fund lashes central banks over inflation Read More »

By Ross Kerber and Pete Schroeder (Reuters) – Most big Wall Street firms passed a test for business as usual in Texas last week when state Comptroller Glenn Hegar kept all but BlackRock Inc. off a list of companies whose stance on boycotting oil and gas stocks could trigger divestment by public agencies. But top …

Analysis-BlackRock too green for Texas; rest of Wall Street okay – for now Read More »

(Reuters) – Morgan Stanley has appointed an internal lawyer to shadow a unit of the bank subject to a federal probe into block trading, the Financial Times reported on Tuesday, citing people briefed on the arrangement. The bank has ordered the lawyer to sit on its U.S. equity syndicate desk to supervise bankers and answer …

Morgan Stanley orders internal lawyer to supervise block trading desk- FT Read More »

By Patturaja Murugaboopathy and Sethuraman N R (Reuters) – Foreigners are returning to Indian stocks after dumping them in the first half as they look for higher returns amid expectations that major central banks will slow their hiking cycles as price pressures ease. Fears of an economic recession have lifted hopes that central banks will …

Foreigners return to Indian equities on hopes over earnings Read More »

By Cole Horton, Ross Kerber and Simon Jessop NEW YORK/LONDON (Reuters) – As droughts worsen across the world, investors are turning up the heat on companies wasting water and trying to pick winners from a sparse crowd of specialist listed companies looking to address the problem. From Kenya to California and nearly half of Europe, …

Analysis: As drought risks rise, investors eye thirsty companies, solutions Read More »

By Angelique Chen (Reuters) – Banking giants such as JPMorgan Chase & Co and Bank of America collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging tools, including email and apps like WhatsApp. The U.S. Securities and Exchange Commission (SEC) began probing banks’ record-keeping practices relating to the use …

Factbox-Big banks expected to rack up more than $1 billion in fines for WhatsApp use Read More »