Analysis: Buffett utility deal may signal big push to invest cash
(Reuters) – MidAmerican Energy Holdings Co, a core part of Warren Buffett’s sprawling business empire, is becoming a favorite way for the “Oracle of Omaha” to invest the billions of dollars of cash on Berkshire Hathaway Inc’s balance sheet.
Europe considers new agency to shut failing banks
BRUSSELS (Reuters) – Banks under the watch of the ECB that run into difficulty could be shut by a European agency, under a proposal that is set to rouse opposition in euro zone capitals.
Global $200 million credit card hacking ring busted
NEW YORK (Reuters) – Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200 million worldwide credit card fraud ring, U.S. and UK law enforcement officials said on Wednesday.
U.S. bullion coin demand still at ‘unprecedented’ levels : Mint
NEW YORK (Reuters) – Demand for U.S. gold and silver bullion coins is still at “unprecedented” high levels almost two months after an historic sell-off in gold released years of pent-up demand from retail investors, the head of the U.S. Mint said on We…
MasterCard in final battle to overturn EU ban on card fees
BRUSSELS (Reuters) – MasterCard will make a final attempt to overturn an EU ban on cross-border card fees in a hearing at Europe’s highest court next month, in a case with repercussions for the financial industry and global card payment systems.
Money fund reform may hit retail investors with higher fees
BOSTON (Reuters) – Retail investors may not escape money market fund reform unscathed as the Securities and Exchange Commission on Wednesday proposed allowing funds to impose new fees and limits on withdrawing money in times of financial distress.
End of U.S. stimulus to keep Latam FX under pressure: Reuters poll
SAO PAULO (Reuters) – Prospects of a significant shift in U.S. monetary policy will probably keep Latin American currencies weaker for months, a Reuters poll showed on Wednesday.
Wells Fargo buying more bonds as rates rise
(Reuters) – Wells Fargo & Co is looking to buy bonds at a faster rate than before to benefit from higher potential returns from investments as U.S. interest rates rise, a top executive said on Wednesday.
SEC formally proposes new rules for money market funds
WASHINGTON (Reuters) – Securities regulators on Wednesday voted unanimously to propose reforms that would target a portion of the $2.6 trillion money market fund industry, aiming to reduce the risk that panicked investors might abruptly withdraw their …
ProShares files to launch ETFs backed by credit default swaps
NEW YORK (Reuters) – ProShares has filed with the Securities and Exchange Commission to launch a number of exchange-traded funds backed by credit default swaps, as new regulations for the privately traded contracts reduce some of their risks and open t…
