Reuters Money: July 5, 2017

Click to View in Browser Wednesday, July 5, 2017 Brazil's turmoil to boost M&A pipeline after a quiet quarter, bankers say SAO PAULO (Reuters) - Escalating political turmoil and a widening graft scandal are driving more Brazilian companies to sell businesses, promising a strong pipeline of mergers and acquisitions after dealmaking hit its slowest pace in a year in the second quarter, bankers said. Short seller Cohodes targets yet another Canadian firm: Exchange Income NEW YORK (Reuters) - Short seller Marc Cohodes, who has famously bet against the shares of six Canadian-based companies including Valeant Pharmaceuticals International Inc and Home Capital Group Inc, said on Wednesday that he is targeting yet another Canadian firm - Exchange Income Corp. Exclusive: Saba Capital, famed for 'London Whale' bet, to shut London office - sources LONDON (Reuters) - New York-based Saba Capital Management, famed for its winning bet against the JPMorgan Chase trader known as the 'London Whale', is closing its office in London's Mayfair district, two sources close to the situation told Reuters. After China spending spree, rainmaker Hu says time to look closer to home BEIJING (Reuters) - Primavera Capital Group, one of China's largest private-equity firms, is paying closer attention to domestic opportunities in sectors such as health and technology in the face of stricter capital controls at home and rising protectionism overseas. Guggenheim's Minerd says Fed will not move as quickly as many think NEW YORK (Reuters) - The U.S. Federal Reserve is unlikely to raise interest rates for a third time until later this year, as parts of the economy remain sluggish, Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Monday. Wall Street banks take on summer school: Investing 101 for rich kids NEW YORK (Reuters) - "Time for a prenup?" is not a typical title for a summer school course, but it was one of the most popular at an event Morgan Stanley held last week for the millennial-generation children of its richest clients. UBS rejigs structure for European, emerging market wealth management ZURICH (Reuters) - Swiss bank UBS is further reorganizing its wealth management businesses in European and emerging markets to simplify its structure, according to a memo seen by Reuters on Monday. Two top 'quant' researchers exit BlackRock as it revamps stock unit NEW YORK (Reuters) - Two high-level quantitative researchers have left BlackRock Inc as the world's largest asset manager embarks on an ambitious effort to engineer a high-tech revolution within its stockpicking business. Big U.S. banks pack results into one day, overwhelming analysts (Reuters) - For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts covering the industry. U.S. fund managers seek consumer stocks that Amazon can't conquer NEW YORK (Reuters) - Amazon.com Inc's game-changing move to upend the grocery business with a surprise deal to buy Whole Foods Market Inc compounds a problem already vexing fund managers: how to play U.S. consumer spending when the Seattle-based e-commerce giant is threatening to take over retail. Related News Wall Street opens higher ahead of Fed minutes Worldpay says agreed to be taken over by Vantiv in $10 billion deal A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook