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For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll

3 hours ago DieselGasoil Comments Off on For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll
BENGALURU (Reuters) – The U.S.-China trade war may blunt some of the stimulus on the U.S. housing market from expected further interest rate cuts by the Federal Reserve, with only a modest outlook for price rises, a Reuters poll of property market experts found. FILE PHOTO: Development and construction continues on a large scale housing Read More

Sovereign investors’ dislike for equities mostly fades in second quarter

12 hours ago DieselGasoil Comments Off on Sovereign investors’ dislike for equities mostly fades in second quarter
LONDON (Reuters) – Sovereign wealth funds’ distaste for equities mostly faded in the second quarter, with some investors turning to emerging- market passive equity funds, data from the research firm eVestment showed on Thursday. FILE PHOTO: A trader looks at screens as he works on the floor at the New York Stock Exchange (NYSE) in Read More

WTF is an ETF? Investors searching for safe havens hoard ‘paper gold’ in record numbers

15 hours ago DieselGasoil Comments Off on WTF is an ETF? Investors searching for safe havens hoard ‘paper gold’ in record numbers
In an attempt to secure their assets amid global economic slowdown and recession signals from the US, investors are turning to gold exchange-traded funds (ETFs), accumulating the highest amounts of it since 2013. Total known ETF holdings expanded to a six-year record, or 2,424.9 tons, on Wednesday, Bloomberg reported citing its data. The amount is Read More

India’s former finance minister arrested on corruption charges in overnight raid

24 hours ago DieselGasoil Comments Off on India’s former finance minister arrested on corruption charges in overnight raid
Indian special forces have raided the house of former finance minister Palaniappan Chidambaram to arrest him on charges of corruption and money laundering. Shortly after Chidambaram returned home from a press conference at Congress Party headquarters, a Central Bureau of Investigation (CBI) team scaled the wall of his Jor Bagh residence in New Delhi to Read More

U.S. money fund assets hit highest since October 2009: iMoneyNet

1 day ago DieselGasoil Comments Off on U.S. money fund assets hit highest since October 2009: iMoneyNet
NEW YORK (Reuters) – U.S. money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a private report released on Wednesday showed. Taxable money funds, which are seen as almost as safe as bank accounts, are Read More

U.S. markets regulator votes to propose new guidelines on shareholder advisers

1 day ago DieselGasoil Comments Off on U.S. markets regulator votes to propose new guidelines on shareholder advisers
(Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted to publish new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on issues like pay and diversity. FILE PHOTO: A trader works on the floor at the New York Stock Read More

Pembina to buy Kinder Morgan’s oil assets for $3.3 billion

2 days ago DieselGasoil Comments Off on Pembina to buy Kinder Morgan’s oil assets for $3.3 billion
By Kevin Orland on 8/21/2019 CALGARY (Bloomberg) – Pembina Pipeline Corp. increased its bet on the future of Canada’s turbulent oil-sands industry, agreeing to buy Kinder Morgan’s Canadian unit and the U.S. portion of a key pipeline for about C$4.35 billion ($3.3 billion). The deal makes Pembina a major player in the oil-storage business, giving Read More

U.S. markets regulator proposes new guidelines on shareholder advisers

2 days ago DieselGasoil Comments Off on U.S. markets regulator proposes new guidelines on shareholder advisers
FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their Read More

Resale clothing company thredUP gets $175 million in funding

2 days ago DieselGasoil Comments Off on Resale clothing company thredUP gets $175 million in funding
NEW YORK (Reuters) – Online resale store thredUP said on Wednesday it received $175 million in funding which it will use to expand its platform to offer resale clothing services to retailers. Clothing hangs on racks in thredUP’s warehouse in Mechanicsburg, Pennsylvania, U.S. in this 2018 handout photo obtained by Reuters August 20, 2019. thredUP/Handout Read More

DoubleLine’s Jeffrey Gundlach says Federal Reserve has lost control

2 days ago DieselGasoil Comments Off on DoubleLine’s Jeffrey Gundlach says Federal Reserve has lost control
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – The Federal Reserve has fallen behind the interest rate curve and has lost control, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday, evidenced by the Read More