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LONDON/RIYADH (Reuters) – Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. FILE PHOTO: Workers are seen at … Continue reading Exclusive: Saudi Aramco pursues war cover after attacks – sources
BOSTON (Reuters) – As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true cost of the … Continue reading Off the radar: U.S. CEOs’ jet perks add millions to corporate tax bills
HONG KONG (Reuters) – The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit’s chief executive told Reuters. FILE PHOTO: Anti-government demonstrators walk … Continue reading HSBC private banking sees double-digit asset, revenue growth on Asia boost
FILE PHOTO: Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019. REUTERS/Mike Blake NEW YORK (Reuters) – Citadel’s commodities investments are up at least $1 billion … Continue reading Exclusive: Hedge fund Citadel’s commodities business up about $1 billion for the year – sources
(Reuters) – Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing for outside clients, according to a … Continue reading Bacon’s Moore Capital to return client capital after 30 years
(Reuters) – Louis Moore Bacon, the billionaire hedge fund manager known for his prescient macroeconomic bets over more than three decades, plans to return money from outside investors in Moore Capital Management, LP, according to a letter sent to investors … Continue reading Louis Bacon’s Moore Capital to return outside money: letter
(Reuters) – Veteran U.S. money manager Louis Bacon plans to close his New York-based hedge fund Moore Capital Management and return capital to investors, the Financial Times reported here on Thursday citing people familiar with the situation. The FT report … Continue reading Louis Bacon to close New York-based Moore Capital hedge fund: FT
LONDON (Reuters) – Sovereign wealth funds regained their appetite for equities in the third quarter, piling into passively managed stocks in the United States and equities in mainland China and elsewhere, according to eVestment data. FILE PHOTO: Traders work on … Continue reading Equities back in favor for sovereign investors in third quarter
COLORADO SPRINGS, Colo. (Reuters) – Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in. FILE PHOTO: Traders work on the floor at … Continue reading Sustainable investors face squeeze as larger firms move in
JOHANNESBURG (Reuters) – Mozambique’s government plans to appeal a South African court’s decision to revoke the planned extradition of former finance minister Manuel Chang, wanted in both his home country and the United States, a letter seen by Reuters on … Continue reading Mozambique to appeal S.African ruling to set aside extradition of ex-finmin
NEW YORK (Reuters) – At a time when U.S. utilities face pressure to rely more on renewable energy, a well-known investor in the space said it is equally important to judge companies by their spending on less glamorous areas like … Continue reading Beyond windmills, Epoch’s Van Valen looks for grid improvements
ABUJA (Reuters) – Nigeria will keep its land borders closed to trade until at least January 31, 2020, the customs spokesman told Reuters on Sunday. Nigeria launched a partial border closure in August to tackle smuggling of rice and other … Continue reading Nigeria’s border closure to last at least until end-Jan: spokesman
