Bhinneka News Online: Reuters Money: May 22, 2017

Monday, 22 May 2017

Reuters Money: May 22, 2017

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Monday, May 22, 2017

Ahead of Exxon's annual meeting, climate activists gain ground

BOSTON (Reuters) - Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global temperatures could have on their businesses.

Traders renew bets on U.S. rate increase in June

NEW YORK (Reuters) - U.S. interest rates futures fell on Friday, suggesting traders revived bets the Federal Reserve would raise interest rates in June as financial markets recovered from their sharp losses earlier this week.

Exclusive: Barclays to hire 100 staff in private banking push

LONDON (Reuters) - Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters.

Julius Baer assets under management swell at start of 2017

ZURICH (Reuters) - Swiss private bank Julius Baer saw its assets under management swell 6 percent in the first four months of 2017 to 356 billion Swiss francs ($365.3 billion), echoing strong starts to the year by larger rivals UBS and Credit Suisse.

Wells Fargo suffers slump in muni bond underwriting

CHICAGO/SAN FRANCISCO (Reuters) - Wells Fargo & Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows.

Puerto Rico retirees will get bankruptcy committee: U.S. Trustee

NEW YORK (Reuters) - The U.S. Department of Justice's bankruptcy watchdog said on Friday it plans to appoint a committee of retirees in Puerto Rico's bankruptcy to negotiate for pensioners facing benefit cuts as part of the island's debt restructuring.

Senators raise alarms about shelving retirement advice rule

WASHINGTON (Reuters) - Three U.S. Democratic Senators on Friday raised concerns over the possibility that President Donald Trump's administration will permanently shelve the "fiduciary rule," aimed at preventing brokers from recommending inappropriate retirement investments.

Trump political risk to be muted until Fed joins in: James Saft

(Reuters) - Trump turmoil may not be enough - it will take an aggressive Federal Reserve to bring an end to the low volatility, rising stocks party.

Q&A: Red Sox star David Ortiz focused on life after baseball

NEW YORK (Reuters) - After a 20-year career in baseball's Major Leagues that included three World Series championships with the Boston Red Sox, slugger David Ortiz has earned the right to put his feet up.

Time up on Trump trade, hedge funds look abroad

LAS VEGAS (Reuters) - Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling.