Wednesday 9 May 2018

Red light: Ford facing hold-ups at China ports amid trade friction - sources

Red light: Ford facing hold-ups at China ports amid trade friction - sources

Ford Motor Co's imported vehicles are being held up at Chinese ports, three people with knowledge of the matter told Reuters, underscoring how U.S. goods are facing increased customs scrutiny in China amid a tense trade stand-off.

Exclusive: World's biggest gold ETF launching new low-fee fund - source

LONDON (Reuters) - The World Gold Council, owner of the world's largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter told Reuters.

Soros Fund Management hires ex Citadel trader: sources

BOSTON (Reuters) - Lucy DeStefano, former head of trading at hedge fund Citadel's Aptigon unit, is set to join Soros Fund Management later this year, two sources familiar with the matter said.

Go to Omaha, young man: Chinese investors flock to Buffett

OMAHA, Neb. (Reuters) - China's growing middle class is becoming a bigger force in global tourism. For a case in point, look no further than Nebraska the week of the Berkshire Hathaway Inc annual shareholders' meeting.

In Omaha, preparing for change at Berkshire Hathaway

OMAHA, Neb. (Reuters) - The first question Warren Buffett was asked at Berkshire Hathaway Inc's annual meeting on Saturday was whether he was "semi-retired," having given four lieutenants oversight over the company's operating businesses and some investments.

Buffett bashes bitcoin as thriving on mystique, favors stocks

NEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as "rat poison squared," thrive on the hope they'll find other people who will pay more for it.

ValueAct takes $1.2 billion stake in Citigroup: letter

(Reuters) - Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc, citing the U.S. bank's low risk and reliable revenue and not calling for major changes, according to a letter seen by Reuters on Monday.

Foreigners buy fewer U.S. Treasuries at auctions in late April

NEW YORK (Reuters) - Foreign investors and central banks purchased fewer U.S. shorter Treasuries in late April, marking a second straight series of auctions where they showed less appetite for U.S. government debt, Treasury Department data released on Monday showed.

Wilshire Funds Management's head of alternatives leaving firm

BOSTON (Reuters) - Nicolas Amato, who heads the alternative investment activities at Wilshire Funds Management, is leaving the firm, a person familiar with the move said.

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