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Pimco Replaced by TCW as Manager of $1.3 Billion Strategy

March 21st, 2014 (0)
Bill Gross’s Pacific Investment Management Co., which suffered record redemptions from its main mutual fund last year, was dropped as manager of a $1.3 billion bond fund offered by Columbia Management Investment Advisers LLC. Columbia replaced Pimco with TCW ...

Asian Stocks Rebound From Biggest Decline in Seven Months

March 21st, 2014 (0)
Asian stocks rose, with a regional index of shares outside Japan rebounding from the biggest loss yesterday since August. Li & Fung Ltd. surged 18 percent in Hong Kong after the world’s largest supplier of clothes and toys to ...

ESMA publishes list of authorised CCPs and OTC derivatives

March 20th, 2014 (0)
Following the authorisation of NASDAQ OMX as the first EU-based CCP on 18 March 2014, the European Securities and Markets Authority (ESMA) has today published information about Nasdaq OMX and the contracts it is authorised to clear. In accordance ...

Starbucks Aims To Double Market Cap to $100 Billion And Take Over Tea

March 20th, 2014 (0)
The world’s biggest coffee chain, Starbucks Corporation (NASDAQ:SBUX), plans to double its market capitalization to $100 billion eventually and dominate the tea industry just as it has with coffee, the company said at its annual shareholder meeting on Wednesday. ...

Oscar Pistorius could take stand next week in murder trial

March 20th, 2014 (1)
The prosecution in the Oscar Pistorius murder case expects to rest early next week, prosecutor Gerrie Nel announced unexpectedly on Wednesday. Nel has only four or five more witnesses to call, he declared to the shock of the courtroom ...

European IPOs boom as bull market runs

March 20th, 2014 (0)
Europe is enjoying a boom in companies going public, driven by rising market confidence and pent-up demand for new shares after a five-year drought. Initial public offerings on exchanges in the U.K., the Netherlands, Denmark and Spain have raised ...

FCA bans and fines trader for manipulating gilt price during QE

March 20th, 2014 (0)
The Financial Conduct Authority (FCA), the British financial regulatory authority has announced that Mark Stevenson, a bond trader with nearly 30 years’ experience, has been banned from the industry and fined £662,700 for deliberately manipulating a UK government bond (gilt) ...

European leaders weigh additional sanctions against Russia

March 20th, 2014 (0)
European leaders on Thursday weighed additional sanctions against Russia, a day after Ukrainian troops were forced to abandon their bases in Crimea and prepared to evacuate the peninsula. German Chancellor Angela Merkel told her parliament that Europe would expand ...

Parliament negotiators rescue seriously damaged bank resolution system

March 20th, 2014 (0)
European Parliament negotiators on Thursday reached a deal with their member state counterparts on the single resolution mechanism to deal with failing banks. Many elements fell into place early in the morning after 16 hours of talks. The elements ...

IRS Employee Took Home Data on 20,000 Workers at Agency

March 20th, 2014 (0)
A U.S. Internal Revenue Service employee took home a computer thumb drive containing unencrypted data on 20,000 fellow workers, the agency said in a statement today. The tax agency’s systems that hold personal data on hundreds of millions of ...
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