Bhinneka News Online: U.S. funds recommend switching cash into bonds in March: Reuters poll

Friday, 30 March 2018

U.S. funds recommend switching cash into bonds in March: Reuters poll

BENGALURU (Reuters) - U.S. fund managers switched recommended global portfolios slightly more in favor of bonds in March, in part on concerns trade barriers between the world's two biggest economies may escalate to a broader trade war, a Reuters poll found.

Foxconn fourth-quarter net profit estimated T$71.66 billion, up 4 percent from year ago

Taiwan's Foxconn, the world's largest contract electronics maker and a key Apple Inc APPL.O supplier, reported on Friday 4.2 percent growth in fourth quarter net profit from a year ago, defying expectations for a decline.

Shrinking junk bond issuance keeps U.S. high-yield prices afloat

NEW YORK (Reuters) - The junk bond rally may be over, but investors should not expect a sharp unraveling.

Tesla voluntarily recalls early Model S vehicles over power steering bolts

Tesla Inc said on Thursday it was voluntarily recalling Model S sedans built before April 2016 in order to replace bolts in the power steering component.

Bank of America to add Merrill Edge offices, advisers

(Reuters) - Bank of America Corp said on Thursday it will grow its wealth management offering for mainstream investors by opening 600 new Merrill Edge centers and adding 300 new brokers in the next two years.

China central bank will launch crackdown on virtual currencies

China's central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.

New York high-speed firm Tower must face Korean 'spoofing' claims: U.S. court

NEW YORK (Reuters) - A U.S. appeals court on Thursday revived a lawsuit by five Korean traders accusing the New York high-frequency trading firm Tower Research Capital LLC and its founder Mark Gorton of conducting illegal "spoofing" trades at their expense.

U.S. stock fund investors pull most cash since February meltdown: Lipper

NEW YORK (Reuters) - U.S. fund investors drained the most cash from the stock market since early February's market meltdown, dodging declines while making a tactical bet on fallen technology companies, Lipper data released on Thursday showed.

U.S. muni bond funds post $36.8 million in inflows: Lipper

(Reuters) - U.S. municipal bond funds reported $36.8 million of net inflows in the week ended March 28, compared with $445.4 million in inflows in the previous week, according to data released by Lipper on Thursday.

Global funds cut stock exposure to four-month low amid trade war fears

LONDON (Reuters) - Spooked by brewing trade tensions and a broad reversal in technology shares, global investors have cut their equity exposure to a four-month low this month while reducing their holdings of U.S. stocks to the lowest in nearly two years.