Fed up with Facebook, U.S. fund managers look for alternatives

Concerns about the social media giant’s declining profit margins and battered reputation have prompted 93 U.S. mutual funds to completely […]

Pimco buys all of $3 billion UniCredit bond: sources

U.S. fund Pacific Investment Management Co has bought all of a $3 billion, five-year bond offered with a hefty return […]

Japan’s GPIF now able to hedge against risk in various currencies: president

Japan’s Government Pension Investment Fund (GPIF) is now able to hedge against fluctuation in the value of various currencies, the […]

Oil prices stabilize, but supply glut concerns weigh on sentiment

Oil prices stabilized on Thursday, reversing earlier declines, but market sentiment remained cautious over concerns that a supply glut may […]

A central bank digital currency could be around the corner, if you believe the IMF

The head of the International Monetary Fund believes it’s time for global central banks to explore the idea of a […]

Goldman Sachs bankers ‘cheated’ Malaysia over 1MDB: PM Mahathir

Malaysian Prime Minister Mahathir Mohamad said bankers at Goldman Sachs Group Inc (GS.N) “cheated” the country in dealings with state […]

Big investors sue 16 banks in U.S. over currency market rigging

A group of large institutional investors including BlackRock Inc and Allianz SE’s Pacific Investment Management Co has sued 16 major […]

Gold rises as investors weigh fallout of U.S. midterm verdict

Gold came off a one-week low to trade higher on Wednesday as investors sought cover from market volatility and uncertainty […]

SoftBank’s mobile unit set to win listing approval on November 12: DealWatch

Japan’s SoftBank Group Corp (9984.T) is expected to win listing approval for its mobile unit from the Tokyo Stock Exchange […]

Wall Street opens higher as strong earnings lift mood

U.S. stocks opened higher on Thursday, leaving behind a brutal October, as a slew of positive earnings reports helped boost […]