Overseas investors purchased fewer U.S. government debt issues at auctions in early July, supporting the view that foreign appetite for U.S. bonds is waning due to trade friction and a strong dollar.
Bank of America Corp added two senior investment bankers to its media and telecommunications team as it continues to bolster coverage of the sector, according to an internal memo reviewed by Reuters.
American billionaire Leon Cooperman said in a letter to investors seen by Reuters that he plans to close his Omega Advisors hedge fund firm and give investors their money back but would continue to manage his own personal wealth.
Japanese companies are increasingly turning to investment banks and public relations firms for advice on dealing with potential approaches by activist investors who are targeting low valuations and cross-shareholdings in the nation.
Fund investors piled into U.S.-based equity exchange-traded funds in the week ended Wednesday, following six straight weeks of withdrawals, Lipper data showed on Thursday, as investors geared up for strong quarterly earnings.
U.S. municipal bond funds reported $1.3 billion of net inflows in the week ended July 18, compared with $651 million in inflows in the previous week, according to data released by Lipper on Thursday.
Top asset manager BlackRock Inc has hired Ray Cameron as head of the Americas within its investment stewardship arm, according to a memo seen by Reuters on Thursday, turning to an outsider to fill the role left vacant since last year.
Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund's campaign to seek change at the company and a possible merger approach.
