Investors team up to find path through risky dark pools
LONDON (Reuters) – Stock investors who recognize the risks of trading in anonymous “dark pools” but are unwilling to spurn them have found an alternative: club together.
Central banks inflating ‘elevated’ asset prices: BIS
LONDON (Reuters) – Financial asset prices are at “elevated” levels and market volatility remains “exceptionally subdued” thanks to ultra-loose monetary policies being implemented by central banks around the world, the Bank for International Settlements…
Growing foreign fund influence a risk for emerging markets: BIS
LONDON (Reuters) – The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behavior that can exacerbate asset price fluctuations, a BIS report said on Sunday.
World waits for white smoke from U.S. Fed
FRANKFURT (Reuters) – The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom.
Samsung accuses rival LG exec of vandalizing washing machines
SEOUL (Reuters) – Samsung Electronics Co Ltd has accused the head of rival LG Electronics Inc’s home appliances business of damaging Samsung washing machines at retail stores in Germany and asked Seoul prosecutors to investigate.
Show us the money: EU seeks billions of euros to revive economy
MILAN Italy (Reuters) – The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.
Brazil prosecutor seeks to freeze $641 mln in Batista’s assets
BRASILIA (Reuters) – Brazil federal prosecutors have filed criminal charges against Eike Batista, accusing the fallen tycoon of market manipulation and seeking to freeze up to $1.5 billion reais ($641 million) worth of his financial assets and properti…
Bosses charged with rebuilding Portugal’s BES bank quit after two months
LISBON (Reuters) – The rebuilding of Portugal’s Novo Banco – the successor to Banco Espirito Santo (BES) after a state rescue last month – was dealt a blow on Saturday with the resignation of the three men handpicked by the central bank in July to turn…
Reinsurers flock to Monte Carlo as market storm brews
MONACO (Reuters) – For a financial sector posting a double-digit rise in earnings and boasting large cash piles, reinsurers sure see a lot of storm clouds on the horizon.
China August factory growth slows to near six-year low, calls grow for more stimulus
BEIJING (Reuters) – China’s factory output grew at the weakest pace in nearly six years in August while growth in other key sectors also cooled, raising fears the world’s second-largest economy may be at risk of a sharp slowdown unless Beijing takes fr…
