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21.10.2019

Fidelity drops Ken Fisher's investment firm over comments

A Fidelity Investments spokesman said on Monday it has dropped Fisher Investments as a money manager over allegedly sexist comments the firm's leader Kenneth Fisher made at a conference last week.
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21.10.2019

China unexpectedly keeps LPR lending benchmark unchanged, but outlook for rates down

China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels...
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21.10.2019

China more than doubles Sept approval for fixed-asset investment projects

China's state planner in September more than doubled its approval for fixed-asset investment projects, as Beijing looks to step up support for an economy expanding at the slowest pace in nearly three...
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21.10.2019

Many firms in China's third-biggest province struggling to pay debt - S&P

Many privately held firms in Shandong, China's third-biggest province by economic output, are struggling to repay short-term debt due to declining industry fundamentals, entangled cross guarantees...
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19.10.2019

Fallout from money manager Kenneth Fisher's remarks tops $1 billion in lost assets

Fallout from Kenneth Fisher's alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in...
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19.10.2019

Iowa pension ends $386 million money management contract with Kenneth Fisher

A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in...
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18.10.2019

AT&T, Elliott in talks after activist campaign launched: sources

AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar...
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18.10.2019

Goldman wants traders to be more like dealmakers and coders

Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they...
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17.10.2019

Your Money: U.S. teachers take hands-on approach to financial literacy

There are a lot of hard truths about money, but here is one of the hardest: We are really bad at passing along money smarts.
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17.10.2019

U.S. stock funds see first weekly inflow in a month

U.S. equity funds attracted $4 billion in the week ended Wednesday, the first inflow in four weeks, according to data release by Lipper.
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17.10.2019

Members of Los Angeles pension board ready to drop money manager Ken Fisher

Commissioners of a $23 billion Los Angeles fire and police pension fund are ready to drop the firm of money manager Kenneth Fisher, who is under fire for allegedly making insensitive remarks about...
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17.10.2019

U.S. boutique banks woo French bankers in Paris advisory push: sources

Several U.S. boutique investment banks are looking to hire senior staff in Paris in the wake of Britain's departure from the EU and have poached bankers from France's most established advisory firms,...
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17.10.2019

Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he...
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17.10.2019

Your Money: Charitable granting soars even as tax changes transform giving

Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in...
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16.10.2019

Fidelity criticizes money manager Fisher, who loses Philadelphia as client

Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly...
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16.10.2019

Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by...
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15.10.2019

Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup

Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth...
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12.10.2019

Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline

The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector's...
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11.10.2019

Italy's Del Vecchio calls on Mediobanca to grow through M&A

Mediobanca's third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank's strategy.
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11.10.2019

Brexit extension, election still most likely, says UBS

UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged...
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