Bill Gross of Janus says funds he manages resemble Bridgewater strategy
NEW YORK (Reuters) – Bill Gross, the closely watched bond investor, on Wednesday said the portfolios he manages at Janus Capital Group Inc closely resemble the investment strategies of Bridgewater Associates, the world’s largest hedge fund firm.
Israel applies to join China-backed AIIB investment bank
TEL AVIV (Reuters) – Prime Minister Benjamin Netanyahu has signed a letter of application for Israel to join the China-led Asian Infrastructure Investment Bank (AIIB), the Israeli Foreign Ministry said on Wednesday.
China says Taiwan welcome to join AIIB with appropriate name
BEIJING/TAIPEI (Reuters) – China welcomes Taiwan’s decision to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) as long as the self-ruled island uses an appropriate name, state news agency Xinhua reported on Wednesday.
World Bank sees protracted recession in Russia
MOSCOW (Reuters) – Russia faces a protracted recession as the impact of Western sanctions lingers and oil prices stay low, the World Bank said in a report published on Wednesday.
Oil holds around $55 as Iran nuclear talks drag on
LONDON (Reuters) – Brent crude oil futures held around $55 a barrel as speculation continued over whether a preliminary deal over Iran’s nuclear programme would be reached, opening the way for more Iranian crude to come into world markets.
Weak demand hits China factory, services firms in March, more easing seen
BEIJING/SHANGHAI (Reuters) – Surveys of China’s factory and services sectors showed stubborn weakness in the world’s second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown.
Solid start to second quarter for European stocks, dollar
LONDON (Reuters) – European stock markets made solid starts to the second quarter on Wednesday as data pointing to a gradual recovery in the euro zone economy gave investors fresh impetus after their blowout first few months of the year.
European factories buoyant but weak Asia adds to stimulus calls
(Reuters) – Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there.
Grandson of Getty oil founder discovered dead in Los Angeles home
LOS ANGELES (Reuters) – The grandson of billionaire Getty oil founder J. Paul Getty was found dead on Tuesday afternoon at his home in Los Angeles, the family said in a statement.
StanChart senior executive Shankar quits in latest management change
LONDON (Reuters) – Asia-focused bank Standard Chartered Plc said senior executive Viswanathan Shankar had quit and announced a number of management changes in another reshuffle as it seeks to turn around its fortunes.
