Reuters US Money Archives - Page 95 of 106

Blackrock increases its strategic overweight on equities

22 Feb 2022 22 Feb 2022

(Reuters) – Asset manager Blackrock said on Tuesday that it has increased its strategic overweight on equities, as an early-2022 selloff created “compelling opportunity.” “We see the combination of low real rates, strong growth and reasonable valuations as favourable for the asset class,” Blackrock said in its weekly market commentary. “Incorporating climate change in our …

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Private equity firm Apollo launches $100 million foundation

22 Feb 2022 22 Feb 2022

(Reuters) -Apollo Global Management Inc, a manager of alternative assets such as corporate credit and private equity, said on Tuesday it has committed more than $100 million over the next decade to a new foundation run by the firm’s employees that will provide grants to organizations focused on economic opportunity. The foundation will partner with …

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Oaktree hires Morgan Stanley to find investor in Italy’s Banca Progetto – sources

22 Feb 2022 22 Feb 2022

By Valentina Za, Pamela Barbaglia and Elisa Anzolin MILAN (Reuters) – Oaktree has hired Morgan Stanley to sell a stake in Banca Progetto in a deal that could value the challenger bank at up to $565 million, one of the biggest transactions in Italy’s blooming digital bank industry, sources told Reuters. The U.S. investment firm …

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Oil could jump by $20 if Ukraine crisis worsens, says BofA

22 Feb 2022 22 Feb 2022

(Reuters) – Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research said on Tuesday, adding that prices could drop by $2-$4 if tensions de-escalate. Oil hit its highest since 2014 on Tuesday, with Brent futures reaching $99.50 a barrel …

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Funds win again with U.S. curve flatteners: McGeever

22 Feb 2022 22 Feb 2022

By Jamie McGeever ORLANDO, Fla. (Reuters) -Another week, another big win for hedge funds betting on a flatter U.S. yield curve. Futures market data for the week through Feb. 15 show that funds’ extending their bets on a narrower gap between two- and 10-year yields coincided with one of the most dramatic 24-hour periods at …

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Canadian banks set for 1st-qtr profit growth, but costs, margins could deal blow

22 Feb 2022 22 Feb 2022

By Nichola Saminather TORONTO (Reuters) – Canadian banks are set to report higher first-quarter earnings from a year ago, thanks to low provisions for credit losses and improving loan demand, but rising costs are a focus area for investors. Analysts expect Canada’s Big Six banks – Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova …

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China to expand commercial pension pilot scheme nationwide, regulator says

21 Feb 2022 21 Feb 2022

BEIJING (Reuters) – China will from March 1 expand nationwide a pilot scheme developing commercial pension products for the country’s aging population, its banking and insurance regulator said on Monday. Other than six insurers including state-owned PICC Life Insurance, the China Banking and Insurance Regulatory Commission will also allow other pension firms to participate in …

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U.S. judge rules for Saba Capital in closed-end fund voting litigation

19 Feb 2022 19 Feb 2022

By Svea Herbst-Bayliss BOSTON (Reuters) -A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge fund Saba Capital of its full voting rights at an annual meeting.Saba filed litigation against Nuveen funds and their trustees in early 2021, arguing the asset management company illegally …

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China warns against using metaverse as a tool for illegal fund-raising

18 Feb 2022 18 Feb 2022

BEIJING (Reuters) -China’s banking and insurance regulator issued a warning on Friday against using the metaverse as a tool for illegal fund-raising, amid widespread interest in the country’s private sector. The China Banking and Insurance Regulatory Commission said in a statement published on its website that some companies were engaging in illegal fund-raising, fraud, and …

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China Orient Asset Management gets approval to issue bonds to resolve risks in property sector

18 Feb 2022 18 Feb 2022

SHANGHAI (Reuters) – China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in China’s interbank bond market to resolve risks in the property sector. China Orient is one of China’s four big asset management companies (AMCs) that were originally set up to dispose of non-performing loans …

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