Wednesday, October 6, 2021

Reuters Global Investor: Fund giant Fidelity putting 'money to work' in China after rout

Fund giant Fidelity putting 'money to work' in China after rout

Fund giant Fidelity is putting money back into Chinese stocks and thinks the recent "indiscriminate" selling caused by the debt crisis at property giant Evergrande is presenting opportunities in the country's beaten up bond markets.

Stablecoins to face same safeguards as traditional payments

Stablecoins would have to comply with the same safeguards as their more traditional competitors in payments under proposals from regulators on Wednesday as authorities get to grips with a rapidly evolving sector.

Proxy firm Glass Lewis backs NextGen's slate in proxy contest

Glass Lewis & Co recommended that NextGen Healthcare Inc shareholders elect management's slate of directors, becoming the second prominent proxy advisory firm to support the board and management over the company's founder, Sheldon Razin.

Bitcoin soars to $50,000 again on institutional demand

Bitcoin, the world's largest cyrptocurrency in terms of market value, rose on Tuesday, passing the $50,000 mark for the first time in four weeks and adding to gains this month on mounting institutional interest.

What to watch for market stress as the U.S. debt ceiling deadline nears

Worries about the debt ceiling are beginning to rattle investors as the deadline nears for Congress to raise the U.S. borrowing limit to avoid a historic default on U.S. debt.

Banks make slow progress on UK gender pay, while gap widens for insurers

Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis, though industry observers say they still have a long way to go. Several insurers went backwards.

Cryptocurrencies post 5th straight week of inflows -CoinShares

Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed on Monday.

BlueBay, Blackrock, Ashmore and UBS exposed to Evergrande -Morningstar

BlackRock Inc and Royal Bank of Canada's BlueBay Asset Management are among asset managers exposed to embattled developer China Evergrande Group , while TCW and HSBC funds have closed positions, researcher Morningstar said.

Wells Fargo to pay $37.3 mln to settle U.S. claims it fraudulently overcharged customers

Wells Fargo & Co will pay $37.3 million to settle U.S. government claims it fraudulently overcharged commercial clients on foreign exchange services, the latest in a string of scandals over the bank's treatment of customers.

MOVES Morgan Stanley Asia veteran Christianson retires - memo

Morgan Stanley's Asia Pacific co-chief executive Wei Sun Christianson will retire from the bank after nearly two decades at the end of 2021, according to a memo reviewed by Reuters.

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