U.S. stock funds attract $8.19 billion during last week of August: ICI | | NEW YORK (Reuters) - Investors' renewed appetite for risk came back with a vengeance during the last week of August, as equity funds had estimated inflows of $8.19 billion, compared to estimated outflows of $1.81 billion in the previous week, Investment Company Institute (ICI) data showed on Wednesday. |
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Fed's Fischer exit muddies investors' outlook: Richard Bernstein | | NEW YORK (Reuters) - The unexpected resignation of America's No. 2 central banker on Wednesday only complicates decision-making by global investors and business leaders already worried that international economic expansion may be short-lived, according to U.S. money manager Richard Bernstein on Wednesday. |
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Traders see U.S. debt ceiling risks shift to December | | NEW YORK (Reuters) - The U.S. Treasury bill market may have dodged a bullet on Wednesday when President Donald Trump and top Democrats backed a plan to raise the debt ceiling, but it implied that traders believe the risk of a U.S. default has not disappeared - only been deferred to December and beyond. |
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Falcon Private Bank changes CEO, chairman also leaves | | ZURICH (Reuters) - Falcon Private Bank Chief Executive Walter Berchtold has left the Swiss bank and been replaced by board member Martin Keller, while Chairman Christian Wenger is also stepping down, Falcon said on Wednesday. |
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| | UBS agrees to scoop up some HSBC clients in Latin America | | ZURICH (Reuters) - HSBC has reached an agreement to refer some of its Latin American private banking clients, primarily in Central America and the Andean region, to Switzerland's UBS, according to an internal memo seen by Reuters. |
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