NEW YORK (Reuters) - Worries that a broadening trade war between the United States and China will upend the global supply chain are prompting some U.S. fund managers to buy shares of companies they believe will shield them from such disruptions.
SHANGHAI (Reuters) - Renowned global hedge fund managers Bridgewater Associates LP and Winton Group Ltd have had registrations to launch products in China accepted at a time of turbulence in capital markets, reflecting a change in the government's stance toward such foreign funds.
BOSTON (Reuters) - For a year, billionaire hedge fund manager Daniel Loeb has watched quietly from afar as Nestle SA tries to energize its business. But his patience has worn thin and he has been telling associates and his own investors that time is now up for the world's No. 1 food company.
TOKYO (Reuters) - Mitsubishi UFJ Financial Group Inc (MUFG) is drawing on the expertise of U.S. peer Morgan Stanley to help expand in the wealth management business, the head of the pair's Japanese joint venture told Reuters.
BOSTON (Reuters) - Billionaire investor Daniel Loeb on Sunday stepped up pressure on food group Nestle SA , in a letter that urged its board to be "sharper," "bolder" and "faster" in spinning off businesses and untangling its complex management structure.
LONDON (Reuters) - Equity funds suffered their second-largest weekly outflows ever this week, with $29.7 billion pulled out of risky assets, Bank of America Merrill Lynch (BAML) strategists said on Friday as fears about rising U.S. protectionism continue to weigh.
WASHINGTON (Reuters) - The U.S. securities regulator on Thursday voted unanimously to propose easing its rules for approving low-risk exchange-traded funds (ETFs) in what could potentially be a major win for the $3.5 trillion market.
A full-blown trade war could produce flat or negative economic growth a year from now, Spartan Capital's chief market economist tells Reuters' Fred Katayama.
A surge in Nike shares and a rally in bank stocks lifted Wall Street's major stock indexes, but all three still posted weekly declines. Elly Park reports.
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