An investor's best friend? Israel Diamond Exchange launches digital coins

Click to View in Browser Thursday, February 8, 2018 An investor's best friend? Israel Diamond Exchange launches digital coins RAMAT GAN, Israel (Reuters) - Israel's diamond exchange is turning to digital currencies to inject new life into a marketplace long ruled by cash and backroom handshakes, but it must first persuade traditionally conservative players that the technology can work. Plan ahead in your will for your virtual self NEW YORK (Reuters) - In the not-so-olden days of a few years ago, relatives might have sifted through stacks of documents to sort out your affairs after you died. These days, much of your presence in this world is floating around in the cloud: email, online drives, social media. Even your financial accounts are probably paperless at this point. Gundlach: Market unwind will be 'turbulent,' not over in a few days NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of Doubleline Capital, said on Wednesday that the "low rate-low volatility" market environment went on for so long that now "the unwind will be turbulent and not over in a couple of days." Column: Why U.S. stock market dive points to good news for retirees CHICAGO (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters) China revives QDLP outbound investment scheme in boost for foreign funds: sources SHANGHAI (Reuters) - China has resumed an outbound investment scheme after a two-year hiatus, granting licenses to about a dozen global money managers, sources said, signaling that Beijing is less worried about capital outflows amid a surge in the Chinese currency. U.S. stock, bond fund inflows slowed in week before steep selloff NEW YORK (Reuters) - U.S. fund investors' appetite for stocks and fixed income weakened sharply last week ahead of the largest decline in the benchmark S&P 500 in more than six years, Investment Company Institute (ICI) data showed on Wednesday. Fed's Dudley eyes risks of betting on volatility NEW YORK (Reuters) - Financial products that bet on swings in equities and cryptocurrencies should be monitored to understand their risk to market stability, Federal Reserve Bank of New York President William Dudley said on Wednesday. S&P cuts Wells Fargo's credit ratings on regulatory risks (Reuters) - Credit-rating agency Standard & Poor's on Wednesday cut Wells Fargo & Co's credit ratings, days after the U.S. Federal Reserve imposed regulatory restrictions on the bank. Prudential Financial's operating profit rises 7.6 percent (Reuters) - Prudential Financial Inc, the largest U.S. life insurer by assets, on Wednesday reported a 7.6 percent rise in quarterly operating profit that topped analysts' estimates, helped by higher policy fees in its annuities business. Fidelity's new asset allocation head tasked with stemming outflows BOSTON (Reuters) - Fidelity Investments has lured an executive from a rival firm to help stem billions of dollars in outflows from its flagship retirement franchise. Related Video Wall Street ends down Wall Street roars back in whipsaw session Related News Wall Street opens mixed as volatility eases Twitter delivers first profit, shares surge 25 percent Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today 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 2018 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