Monday, 5 March 2018

Wall Street dips amid trade war fears

Wall Street dips amid trade war fears

(Reuters) - U.S. stocks opened lower on Monday as investors remained concerned about the increasing likelihood of a global trade war following President Donald Trump's threat to impose hefty tariffs.

Global oil players flock to Houston as OPEC, U.S. shale tensions ease

HOUSTON (Reuters) - The oil industry's biggest names gather this week at CERAWeek, the largest energy industry get-together in the Americas, at a time when U.S. shale production is booming, global demand is rising and crude prices are at a sweet spot for both big U.S. producers and OPEC.

Your Money: You can do better financially by doing good

NEW YORK (Reuters) - It stands to reason that getting involved in your community helps others. But what if it helped your own bottom line, as well?

U.S. Treasury to close 'carried interest' loophole in new tax law

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.

U.S.-based junk bond funds post seventh straight week of outflows

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.

Social Security fumbles duty to help widows maximize benefits

CHICAGO (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters.)

U.S. renters look for last-gasp window to buy

CHICAGO (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters.)

Pershing Square Holdings plans $300 million buyback

(This Feb. 28 story corrects headline to say buyback not cash infusion)

Ali Shamekh resigns from CEO post at Libyan sovereign fund

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.

Einhorn's Greenlight lost 6 percent in February, off 11.9 percent for year

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.

BlackRock says outside commentaries on index funds could pose risk

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.

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