Thursday, 18 May 2017

Reuters Money: May 18, 2017

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Thursday, May 18, 2017
Sovereign funds pull $18.4 billion from global markets in first quarter 2017
LONDON (Reuters) - Sovereign wealth funds pulled $18.4 billion from global stock and bond markets in the first quarter of 2017, notwithstanding robust equity gains in this period, data from research firm eVestment showed on Thursday,
Beckwith adjusts compass in North of South emerging markets move
LONDON (Reuters) - John Beckwith, whose Pacific Investments Group has launched a number of asset management firms since he co-founded it in 1994, has taken a stake in emerging markets focused hedge fund North of South Capital.
Your Money: How to keep yourself safe from fake financial news
NEW YORK (Reuters) - Hey, we have a great stock tip for you - a stone-cold lock, guaranteed profits!
Be thankful for the return of volatility: James Saft
(Reuters) - Wednesday's bout of equity market volatility may be a blessing in disguise for long-term investors.
U.S. stock funds invested abroad draw most cash since 2015: ICI
NEW YORK (Reuters) - U.S. fund investors are snapping up foreign stocks, giving international equity managers the most cash in two years, Investment Company Institute data for the latest week showed on Wednesday.
Ex-Fed Chairman Bernanke 'puzzled' by market indifference to political risk
LAS VEGAS (Reuters) - Former Federal Reserve Chairman Ben Bernanke said on Wednesday that he is "puzzled" by how little markets have reacted to major political risks, and skeptical about the Trump administration's ability to fulfill its pledges to stoke faster growth.
Countdown starts on global overhaul of insurance accounting
LONDON (Reuters) - Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday.
Honeywell launches $100 million venture fund
(Reuters) - Honeywell International Inc launched a $100 million investment fund on Wednesday that will focus on technology startups.
Nasdaq launches machine intelligence-enhanced data service
NEW YORK (Reuters) - Nasdaq Inc on Tuesday launched a service to help fund managers and quantitative traders better use data from social media, central bank announcements, retail sentiment and other sources to improve trading profits.
Investors expect PDVSA to make bond payments
NEW YORK (IFR) - Bonds issued by PDVSA were largely drifting on Tuesday as investors showed scant concern over some US$539m in debt payments owed this week by the embattled Venezuelan oil company.
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