Reuters - Money

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Thursday, November 9, 2017

For U.S. Republicans, tax reform math hinges on cutting Medicare

CHICAGO (Reuters) - U.S. retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred contributions to 401(k) plans. That idea is off the table - at least for now.

Investors size up U.S. tax reform after Democrats gain in elections

NEW YORK (Reuters) - If the election of Donald Trump as U.S. president was a big catalyst behind a 23 percent rally in the S&P 500 over the past year, Tuesday’s first wide-scale retesting of his agenda with voters could signal the clock is ticking for Republicans to deliver on a range of so-far unkept promises before a much larger ballot showdown next year.

Exclusive: Baring Private Equity Asia raising new $6 billion fund - sources

HONG KONG (Reuters) - Hong Kong-based Baring Private Equity Asia is aiming to raise $6 billion in a new Asian fund, as investors hungry for growth in emerging markets fuel a regional fund-raising bonanza, five people with knowledge of the matter said.

Icahn subpoenaed by U.S. on biofuels dealing: filing

NEW YORK (Reuters) - Billionaire investor Carl Icahn has been subpoenaed by the U.S. Justice Department over his efforts to overhaul the U.S. biofuels program during his time as an unpaid adviser to President Donald Trump, his company said in a securities filing.

Merrill Lynch to raise pay for top-performing brokers in 2018

NEW YORK (Reuters) - Bank of America Merrill Lynch said on Wednesday that it will increase the pay of brokers each month who grow their business in 2018 and will cut the monthly pay of those who do not, in a bid to the Wall Street brokerage's own growth.

China approves interbank bond derivatives trade for overseas investors

SHANGHAI (Reuters) - China's central bank said on Thursday that foreign investors would be permitted to trade in bond derivatives in the country's interbank market.

Will tax reform end the American dream of owning a home?

CHICAGO - People who buy homes soon could be setting themselves up to lose money.

U.S. fund investors cool on domestic stocks: ICI

NEW YORK (Reuters) - U.S. fund investors cooled on domestic stocks during the latest week, pulling the most cash from the market in four weeks, Investment Company Institute (ICI) data showed on Wednesday.

Billionaire investor Ackman loses bitter ADP proxy battle

ROSELAND, N.J. (Reuters) - William Ackman got what Automatic Data Processing Inc's chief executive called an "ass-whipping" on Tuesday as the activist hedge fund manager lost an acrimonious fight to win seats on the payroll company's board.

Guns, ammo lumped with hospitals, greeting cards in U.S. fund filings

BOSTON (Reuters) - U.S. investors who want to divest from firearms and ammunition makers may find it not so straightforward: They are hidden among the stocks and bonds of hospitals, toymakers and greeting card companies.