Reuters - Money

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Tuesday, October 3, 2017

Q&A: Maker's Mark helped Bill Samuels Jr. make his mark

NEW YORK(Reuters) - Bourbon is a multi-billion-dollar business, but it began with just a few pioneering Kentucky families from Bardstown who all lived down the road from each other.

Emerging markets to lure over $1 trillion in foreign investment in 2017: IIF

NEW YORK (Reuters) - Emerging markets will draw $1.1 trillion of capital flows from non-resident investors this year, the Institute of International Finance said in a report released on Tuesday, ramping up its estimates from earlier this year as a result of increasing global risk appetite and economic growth.

U.S. muni supply drops 16 percent so far in 2017, BofA top underwriter

(Reuters) - The sale of debt by states, cities, schools and other issuers in the U.S. municipal bond market totaled $271.8 billion in the first nine months of 2017, a 16 percent drop from the same period in 2016, according to Thomson Reuters data on Monday.

Gold and cash reign as U.S. fund investors pare stocks: Lipper

NEW YORK (Reuters) - U.S. fund investors gorged on gold and traded stocks for cash during the latest week, showing caution even as markets trend higher, Lipper data showed on Thursday.

Using a reverse mortgage to delay Social Security: does it make sense?

CHICAGO (Reuters) - Delaying your Social Security benefit claim offers one of the best routes to higher retirement income - annual benefits increase 8 percent for every 12 months that you delay from age 62 to 70. But the strategy often comes with a challenge: how to meet living expenses while you wait?

Hedge fund Marathon eyes bad loans in Britain on Brexit slowdown

AMSTERDAM (Reuters) - U.S. credit hedge fund Marathon Asset Management sees buying opportunities in British non-performing loans as Britain's economy slows down following its vote to leave the European Union, the fund's chief executive said on Thursday.

Investors scoop up billions in bonds, most since July: ICI

NEW YORK (Reuters) - Investors throttled up their bond exposure in the latest week, adding the most cash to U.S.-based debt funds since July as momentum for U.S. stock funds stalled, Investment Company Institute (ICI) data showed on Wednesday.

Where consumers should turn after the Equifax breach

NEW YORK (Reuters) - There is a widespread sense of fear hanging over consumers in the aftermath of the data breach at credit-monitoring firm Equifax revealed in early September that approximately 143 million consumers' personal and financial records were exposed.

For UBS, size is key to opening digital wealth vaults

ZURICH (Reuters) - UBS , the world's largest wealth manager, is convinced its new online private bank needs to get bigger. Now it needs to work out how.

Pimco Total Return Bond Fund, since Gross exit, outperforms most peers

NEW YORK (Reuters) - Three years after Bill Gross shocked the financial world by exiting Pacific Investment Management Co and ending his reign over the Pimco Total Return Bond (PTTRX) fund, investors who stuck with the bond fund have come out ahead of those at most of its rivals.