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Stern Advice: Borrow now and other ways to prep for rising rates
ReutersBy Linda Stern WASHINGTON, May 29 (Reuters) - Don't look now, but interest rates have started to rise. The 30-year fixed rate mortgage, now at 3.9 percent, bottomed out at 3.5 percent in December 2012, according to Bankrate.com. Yields on 10-year...Tags: Services and Shopping, Mortgages, Finance, Money and Monetary Policy, Prices
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Bain Capital eyes Latin America private equity fund
ReutersBy Anthony Esposito SANTIAGO, May 29 (Reuters) - Bain Capital LLC is contemplating a Latin America-focused investment fund in the next three to five years, one of its managing directors said on Wednesday, making it the latest private equity firm to...Tags: Economy, Business and Finance, Bain Capital, LLC, Financial and Business Services, Asia, Telefonica SA
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Fairholme makes $500 mln bet on Fannie, Freddie preferred -CNBC
ReutersNEW YORK, May 29 (Reuters) - Fund manager Bruce Berkowitz's Fairholme Capital Management is making a big bet on Fannie Mae and Freddie Mac preferred shares, CNBC reported on Wednesday. The cable business network said the mutual fund firm has taken a...Tags: Economy, Business and Finance, Morningstar Incorporated, CNBC (tv network), Mortgages, Fannie Mae
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Pimco, Vanguard hit by selloff in U.S. government debt
ReutersNEW YORK (Reuters) - It has been an ugly month for some major bond fund managers, including the reigning king of bonds, Bill Gross. The sudden sell-off in Treasuries and government-guaranteed mortgage debt has taken a big bite out of the performance of...Tags: Central Bank, Ben Bernanke, Mortgages, Bank of America Corp., Freddie Mac
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Ex-SAC Hong Kong trader readies hedge fund to bet on price swings
ReutersHONG KONG, May 31 (Reuters) - Miaodan Wu, a former portfolio manager at billionaire Steven A. Cohen's hedge fund SAC Capital Advisors, is preparing to launch his own hedge fund in Hong Kong to bet on price swings in financial securities, people familiar...Tags: Economy, Business and Finance, SAC Capital Advisors, Hong Kong, Finance, Insider Trading
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ANALYSIS-QE talk spurs caution in Asian markets, yet money stays
ReutersBy Vidya Ranganathan SINGAPORE, May 31 (Reuters) - Heads we buy Asia, tails we don't sell. That is the choice investors in Asian markets are making in the face of what would be the biggest inflection point for markets since the 2008 financial crisis,...Tags: Singapore, China, Emerging Market, Asia, Finance
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GLOBAL MARKETS-Nikkei leads Asian share tumble, dollar slips on QE jitters
Reuters* MSCI Asia ex-Japan at six-week low, Nikkei slumps to five-week lows * Dollar adjusting as markets ponder Fed implications, hits fresh low vs yen * Foreigners kept buying Japan stocks last week, Japan sold foreign bonds * Euro seen inching higher in...Tags: Asia, UBS AG, Foreign Exchange Market, Finance, Nikkei
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WRAPUP 1-POLL-Global investors pile into stocks, still favour Japan
ReutersBy Natsuko Waki LONDON, May 30 (Reuters) - Global investors were more upbeat on equities this month than at any time since early 2011, confident that liquidity will remain ample even though the Federal Reserve has started a debate on when to scale back...Tags: Elections, Tokyo (Japan), Central Bank, Japan, Ben Bernanke
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U.S. money market assets increased in latest week: iMoneyNet
ReutersNEW YORK (Reuters) - U.S. money market fund assets increased by $3.64 billion to $2.587 trillion in the week ended May 28, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $5.48 billion to $2.330 trillion, while tax-...Tags: Economy, Business and Finance, Financial Markets, Finance
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Anticipating the end of the Fed's bond-buying spree
ReutersNEW YORK (Reuters) - This you can bet on: The Federal Reserve will eventually stop its $85 billion-a-month bond-buying program, an economic lifeline aimed at getting the country back on its feet after the financial crisis. While no one knows when the...Tags: Central Bank, Ben Bernanke, S&P 500, Freddie Mac, Fannie Mae
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ANALYSIS-Shrinking money funds may risk systemic ructions
ReutersBy Natsuko Waki LONDON, May 29 (Reuters) - Any European Central Bank move to cut interest rates below zero could deal a further blow to money market funds already struggling in a low rate environment, raising risks to the wider financial system. Money...Tags: Central Bank, Thomson Corporation, Money and Monetary Policy, Foreign Exchange Market, Finance
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ANALYSIS-Trickle, not flood, seen when overseas stocks open to Chinese
Reuters* C.bank considering allowing individuals to invest more overseas * Existing programme allowing overseas investment unpopular * Chinese investors in foreign stocks still scarred by financial crisis * General dissatisfaction with equities a major...Tags: Central Bank, China, S&P 500, Personal Investing, Finance
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