March 20 (Reuters) - The following financial services
industry appointments were announced on Thursday. To inform us
of other job changes, please e-mail moves@reuters.com.
GAM
Private bank Julius Baer’s (BAER.VX: Quote, Profile, Research) hedge fund unit GAM
named Richard Silver the head of GAM multi-manager, New York
and Jeffrey Rose as investment manager. Both [...]
By Joseph A. Giannone
NEW YORK (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) said its
quarterly earnings plunged after it absorbed $2.3 billion of
write-downs, but robust trading results helped the No. 2 U.S.
investment bank trounce expectations by a wide margin.
Morgan overall had the best quarter among the big Wall
Street [...]
(Updates to midmorning)
TOKYO, March 21 (Reuters) - Japan’s Nikkei share average rose
0.7 percent on Friday, climbing for the third straight day thanks
to gains in exporters such as Canon Inc (7751.T: Quote, Profile, Research) after a rise on
Wall Street.
But the market’s gains were limited by falls in
commodities-related shares like [...]
NEW YORK, March 20 (Reuters) - Investors pulled a net
$13.259 billion from U.S.-based stock funds in the week ended
March 19, greater than the $10.719 billion net outflow in the
prior week, TrimTabs Investment Research estimated on
Thursday.
Stock funds investing mostly in U.S. stocks had an outflow
of $7.615 billion in the week, [...]
LONDON, March 20 (Reuters) - Britain’s FTSE 100 .FTSE
index is seen opening down 85 to 92 points, or 1.7 percent, on
Thursday, bookmakers said, tracking sliding world stocks amid
fears of more bank writedowns in an ongoing credit crisis.
The UK index closed down 1.1 percent, or 60.2 points, at
5,545.6.
All major [...]
LONDON (Reuters) - Investment bank and asset manager
Investec Plc (INVP.L: Quote, Profile, Research) (INLJ.J: Quote, Profile, Research) said it was on track to deliver
solid growth in annual operating earnings despite a recent
weakening in trading conditions.
The firm also said it would take an impairment charge of
between 50 million and 60 [...]
(For Shanghai stock market reports, click [.SS])
(Adds Thursday midday close, details)
By Rita Chang
HONG KONG, March 20 (Reuters) - Hong Kong stocks slid on
Thursday as Wall Street losses prompted investors to pocket the
previous session’s sharp gains, while resource stocks suffered
from a slip in gold and oil prices.
Adding [...]
(Adds DIC buys Singapore’s True Group in paragraph four)
DUBAI, March 30 (Reuters) - Dubai International Capital
(DIC) and private-equity firm Bridgepoint plan to bid jointly
for healthcare group Euromedic International for about 700
million pounds ($1.4 billion), the London Times said on Sunday.
DIC, an investment agency owned by the ruler of [...]
DUBAI (Reuters) - Dubai International Capital (DIC) and private-equity firm Bridgepoint plan to bid jointly for healthcare group Euromedic International for about 700 million pounds ($1.4 billion), the London Times said on Sunday.
DIC, an investment agency owned by the ruler of Dubai, and Bridgepoint hired UBS AG (UBSN.VX: Quote, Profile, Research) [...]
(Adds background)
CHICAGO, March 29 (Reuters) - UBS AG (UBSN.VX: Quote, Profile, Research) said on
Saturday it has begun lowering the values of auction-rate
securities held by its clients.
Auction-rate securities are long-term bonds that behave
like short-term debt and have long been popular with
conservative investors because of their tax-exempt status.
The move [...]
