WASHINGTON (Reuters) - The U.S. Treasury said on Thursday it will close an unintended loophole created by the Republican tax overhaul that let some Wall Street financial managers dodge new limits on "carried interest" by operating as businesses known as S-corporations.
NEW YORK (Reuters) - U.S.-based junk bond funds posted $703 million of outflows for the week ended Wednesday, their seventh straight week of cash withdrawals, Lipper data showed on Thursday.
BOSTON (Reuters) - Billionaire hedge fund investor David Einhorn told clients on Wednesday that his fund suffered fresh losses in February when markets tumbled because investors feared central bankers may have to hike interest rates more quickly.
LONDON (Reuters) - Ali Shamekh has resigned from his position as chief executive of Libya's contested sovereign wealth fund, saying divisions within Libya had made it impossible for him to implement a viable program, according to a statement.
NEW YORK (Reuters) - BlackRock Inc, the world's largest asset manager, on Wednesday said that commentary by third parties suggesting possible adverse impacts from the growth in index investing could pose a risk to its business.
The S&P 500 fell for a third straight day after President Donald Trump said the U.S. would slap tariffs on steel and aluminum. As Fred Katayama reports, that sparked fears of higher prices and a trade war.
