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Eastern Caribbean Central Bank to issue world’s first Blockchain-based digital

ECCB Governor Timothy Antoine (left) and CEO of Bitt Inc., Rawdon Adams sign the contract to conduct a blockchain-issued Central Bank Digital Currency pilot projectBASSETERRE, St Kitts – The Eastern Caribbean Central Bank (ECCB)...

The challenge of developing health tourism

By David Jessop Health tourism is an enormous and highly competitive global business. Reliable estimates indicate that by 2021 the worldwide health tourism market will reach somewhere between US$46.6bn and US$125bn per annum, and is experiencing...

FMC announces ‘a new look’ for Toronto Caribbean Carnival 2019

By Lincoln DePradineRichard de LimaThe organization that has been overseeing Toronto’s Caribbean carnival for more than a dozen years, has made” a slight change” to its name, although retaining the acronym “FMC’’. The Festival Management...

Emile Spence appointed interim head of JN Bank Canada office

Emile SpenceEmile Spence has assumed leadership of JN Bank’s Canada Representative Office in Toronto, effective February 20. Spence previously worked with the former Jamaica National Building Society (JNBS) for more than 30 years in...

A decade on, pre-crisis mortgages linger for big banks, homeowners

A decade on big U.S. banks are still running down and selling off crisis-era mortgages, a process executives point to as weighing on loan growth.

Amid trade war, U.S. fund investors find little safe haven in gold

The fact that investors are siphoning money out of stocks is not helping gold, with the safe-haven asset suffering as people wary of a global trade war flock to the U.S. dollar.

Wilshire Funds Management alternative asset group loses more executives

Two managing directors overseeing alternative investments at Wilshire Funds Management quit the firm in June, a person familiar with the matter said on Tuesday, as employees appeared increasingly...

Morgan Stanley’s Pick promoted to head of institutional securities: memo

Morgan Stanley has promoted Ted Pick to head of its institutional securities business as part of a broader executive shuffle, according to a memo seen by Reuters on Tuesday, the most recent elevation...

BlueMountain hires four portfolio managers to build out relative-value focus

BlueMountain Capital Management on Tuesday said it hired four portfolio managers to build out the hedge fund's new fixed-income strategy focused on relative-value investments in G7 government bonds,...

Alan Alda’s new life lesson is that people need to connect

(The writer is a Reuters contributor. The opinions expressed are his own.)

How to cope with old medical debt

My kids got a great report from the dentist at their last checkup. From the receptionist? Not so much.

Third of sovereign funds plan to cut equity holdings, cite trade war fear

Over a third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to...

Japan’s GPIF posts $50 billion loss in first-quarter as trade tensions hit stocks

Japan's Government Pension Investment Fund, the world's largest pension fund, lost 5.5 trillion yen ($49.7 billion) on its investments in the first quarter as worries about U.S.-China trade friction...

Most cash since 2008 flows out of U.S. equity funds in June: Lipper

Investors played it safe in June, plucking the most cash out of U.S.-based equity funds since the peak of the 2008 global financial crisis as U.S. trade disputes discouraged risk, Lipper data showed...

Home-brewed life lessons from Honest Tea’s Seth Goldman

Twenty years ago, Seth Goldman succeeded in his years-long quest to find an after-run drink that was tasty, yet low in sugar and calories.

U.S. fund investors pull most cash from stocks since February: ICI

U.S. fund investors peeled out of stocks, pulling the most cash since February in the most recent week as global trade tensions vexed markets, Investment Company Institute data showed on Thursday.

Brevan Howard, Stone Milliner founders back data firm Qi

Two of Europe's leading macro hedge fund investors are backing a machine learning data analytics firm that aims to give traders an edge in picking winning bets across stocks and indexes.

New U.S. Medicare cards prompt warnings about phone scams

(The writer is a Reuters columnist. The opinions expressed are his own.)

Hedge funds Bridgewater, Winton register to launch products in China

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...

Famous brother aside, Randi Zuckerberg has life lessons too

(The writer is a Reuters contributor. The opinions expressed are his own.)

U.S. fund managers zero in on software as tariffs upend tech sector

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...

Loeb’s Third Point takes new approach in battle with Nestle

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...

Four ways to prevent loneliness from wrecking your retirement

When Monica Dwyer of West Chester, Ohio thinks of retirement, her mind wanders to her family friend Paul.

Japan’s MUFG calls on Morgan Stanley expertise in wealth management drive

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...

Loeb pressures Nestle for more sales, restructuring

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...

Equity funds lose $30 billion as investors flee U.S. and EM stocks: BAML

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...

U.S. securities regulator unveils proposal to ease ETF approvals

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...

Och-Ziff changes leadership, co-CIO Windreich to retire: letter

Och-Ziff Capital Management Group LLC is putting a new generation into top leadership positions roughly five months after bringing in an outsider as chief executive to end a battle for control of the...

Smart IRA opportunities exist under new U.S. tax law, but hurry

CHICAGO (Reuters) - (The writer is a Reuters columnist. The opinions expressed are his own.)

Exclusive: Paulson’s top real estate executives start own firm

Billionaire investor John Paulson's top real estate executives are launching their own investment firm with $1 billion and the hedge fund manager's blessing, sources familiar with the matter said.

Reporter Without Borders: Life lessons with Vladimir Duthiers

TV news viewers may recognize one reporter who pops up in trouble spots all over the world: From the 2010 earthquake in Haiti, to the Boko Haram kidnappings in Nigeria, to assorted crises in Mali,...

Deutsche Bank woes a positive for major U.S. banks: investor Kass

Hedge fund investor Doug Kass said on Wednesday that he is adding to his already large bank exposure in Citigroup Inc, JPMorgan Chase & Co, Bank of America Corp and Wells Fargo & Co as Deutsche Bank...

What a bear market means for retirement savings

CHICAGO - (The opinions expressed here are those of the author, a columnist for Reuters.)

Massachusetts regulator charges Metlife over unpaid pensions

BOSTON (Reuters) - Massachusetts' securities regulator on Monday accused MetLife Inc of making false statements to investors related to its failure to pay pension benefits to thousands of retirees ...

Largest banks clear U.S. Fed’s toughest annual stress tests

WASHINGTON (Reuters) - The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress...

Companies need older workers: here is why

CHICAGO (Reuters) - The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but...

Goldman Sachs to invest $500 million in women-run companies

(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on...

Your Money: How to deal with the paperwork scramble after a spouse dies

NEW YORK (Reuters) - When you are grieving a departed spouse, the last thing you want to think about is changing the title to your car.

New ‘spider’ ETF captures Facebook, AT&T in its web

NEW YORK (Reuters) - State Street Global Advisors said on Tuesday that it had launched an exchange-traded fund (ETF) that will track the recently refreshed communication services sector, which...

Merrill Lynch reviewing ban on commissions-paying retirement accounts

NEW YORK (Reuters) - The head of Bank of America Corp's Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new...

In ‘world of two halves’ funds buy U.S. stocks, exit Europe: BAML

LONDON (Reuters) - Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight week...

Exclusive: Ackman’s hedge funds gain after years of losses, Chipotle helps

BOSTON (Reuters) - William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire...

World’s rich grow richer as bull markets roar on: study

ZURICH (Reuters) - The pool of money held by the world's wealthiest people grew by 12 percent last year to nearly $202 trillion as bull markets and the dollar's weakening against most major...

U.S. Medicare expands offer to reverse late enrollment penalties

You sign up for an Affordable Care Act (ACA) marketplace exchange health policy sometime before you turn 65 - and then you mistakenly stay there past age 65, when by law you need to switch to...

As millennials age, more U.S. companies look ahead to Generation Z

NEW YORK (Reuters) - After a decade of focusing on the so-called millennial generation, some U.S. companies are starting to look ahead to what’s next.

The Economy Mia Mottley Inherited in Barbados

BARBADOS - For the first time in the history of the country, the people elected their first female Prime Minister who was sworn into office on May 25, 2018.  This was a cause for celebration for the...

Vanguard internal dividend up most since 1997-adviser

BOSTON (Reuters) - Vanguard Group Inc raised a profit-sharing dividend for employees by 16.5 percent for 2017, the largest increase since 1997, an investment adviser who follows the largest mutual...

U.S. money market funds see biggest inflows in nearly five years: Lipper

NEW YORK (Reuters) - Investors flooded U.S.-based money market funds with the most cash in nearly five years in the latest week, seizing an opportunity to reap richer yields while taking less risk,...

Federal Reserve to release stress test results on June 21 and June 28

WASHINGTON (Reuters) - The Federal Reserve announced on Thursday it would release the results of its 2018 stress tests for large banks on June 21 and June 28.

Phony bank accounts not a ‘systemic’ issue: U.S. regulator

WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at...

Bank of America raises planned Paris job moves before Brexit: sources

LONDON (Reuters) - Bank of America is looking to move more jobs than originally envisaged to its new Paris office, in what is expected to be one of the biggest such shifts from London ahead of...

Some fund managers are avoiding Amazon as it leads U.S. market

NEW YORK (Reuters) - For most U.S. fund managers, beating the market this year has come down to one decision: whether or not to own shares of Amazon.com Inc .

College pay-off seems elusive for many U.S. young people

CHICAGO (Reuters) - When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor’s degree in biology eight years ago, he thought he would quickly get a job in a laboratory...

Icahn buys small stake in drugmaker Allergan: sources

(Reuters) - Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the...

Repeat after me: Social Security and Medicare are not insolvent

CHICAGO (Reuters) - It happens like clockwork each year. The trustees of Social Security and Medicare issue their annual reports on the programs’ health, and doomsayers start talking about insolvency...

Your Money: New insurance hacks cyber threats against the rich

NEW YORK (Reuters) - Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats.

Wells Fargo pulls back from U.S. Midwest, selling 52 branches to Flagstar

(Reuters) - Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability...

OppenheimerFunds, Carlyle launch new private credit interval fund

NEW YORK (LPC) - OppenheimerFunds, the asset manager that oversees about US$249bn, has launched a private debt interval fund in partnership with US private equity firm Carlyle Group, to bring retail...

U.S. hedge fund Hudson Bay to open London office: sources

LONDON (Reuters) - U.S. hedge fund Hudson Bay Capital is opening an office in Britain to expand its European trading book, two sources told Reuters on Tuesday.

Employers help pay student loans to attract workers

NEW YORK (Reuters) - For public relations manager Maggie McCuen, having help from her job to repay student loans is not priceless - it is worth every tangible penny of the $1,416 her company has...

SEC fines New York firm deVere $8 million over UK pension advice conflicts

NEW YORK (Reuters) - The New York investment adviser deVere USA Inc agreed on Monday to pay an $8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to disclose...

Pershing Square’s Fraidin to join Cadwalader as M&A lawyer

BOSTON (Reuters) - Stephen Fraidin, a prominent mergers lawyer who has been a top executive at billionaire investor William Ackman's hedge fund, is joining law firm Cadwalader, Wickersham & Taft LLP.

Insurer Lincoln National could see upside: Barron’s

NEW YORK (Reuters) - U.S. insurer Lincoln National Corp could deliver shareholder returns of 20 percent or more in the coming year, as the market for the company's main product, variable annuities,...

All the right notes: First jobs of famous musicians

NEW YORK (Reuters) - Without music, life would be a mistake, according to the German philosopher Friedrich Nietzsche.

Why U.S. retirees are waiting longer to claim Social Security

CHICAGO (Reuters) - Fewer Americans are asking Social Security to "show me the money" as soon as possible.

The rise of the apprentice: a European tradition comes to the U.S

NEW YORK (Reuters) - The growing number of apprenticeships in the U.S. has more to do with European companies importing the practice into their American operations than with the long-running NBC...

Italian imbroglio splits hedge funds on bank bets

LONDON (Reuters) - Hedge funds are split on how to position billions of dollars in bets they have taken on Italian banks as the country's political tumult takes its toll on bonds, shares and the euro.

Ideology threatens to trump facts in official Medicare handbook

CHICAGO (Reuters) - In September, the federal government will mail a handbook on Medicare enrollment to 43 million households. "Medicare & You" is an important, authoritative source on a wide array...

The next frontier in workplace wellness: financial health

NEW YORK (Reuters) - Study after study shows that money stress can be as bad for workplace productivity as back pain.

Hedge fund Jana Partners has no shares in Casey’s Stores: spokesman

BOSTON/NEW YORK (Reuters) - Jana Partners said on Wednesday it was not invested in Casey's General Stores Inc after speculation that the hedge fund had built a stake in the company helped push its...

Norway’s wealth fund voted against Shell climate target motion

OSLO (Reuters) - Norway's $1 trillion wealth fund voted against a motion at Shell's annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to...

Deutsche Bank looks to cut 10,000 jobs to reduce costs: source

FRANKFURT (Reuters) - Deutsche Bank plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday.

Deutsche Bank looks to cut 10,000 jobs to reduce costs: WSJ

FRANKFURT (Reuters) - Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday.

Daycare costs harder to afford than college for many

The nation’s fertility rate hit a record low in 2017, and one has to wonder: Could the cost of raising children be discouraging a generation that was choked by the Great Recession?

Corvex, Icahn to mull bid for oil and gas producer Energen

BOSTON (Reuters) - Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp , according to a regulatory filing made on...

Corvex and Icahn to mull making a bid for Energen

BOSTON (Reuters) - Activist investor Keith Meister on Monday reunited with billionaire investor Carl Icahn and said in a regulatory filing that they may try to buy oil and gas producer Energen Corp. .

U.S. bank stock gains may stall after two-year rally

(Reuters) - After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.

U.S. bank stock gains may stall after two-year rally

(Reuters) - After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.

Hedge fund Pagoda Asset Management shutting after four years -source

BOSTON (Reuters) - Hedge fund Pagoda Asset Management is shutting down at the end of the month, becoming the latest casualty in the $3.2 trillion industry after a period of sluggish returns, a source...

Ackman says Pershing Square Holdings up 0.1 percent this year

BOSTON (Reuters) - Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on Thursday that his publicly traded Pershing Square...

Remedy for high drug costs: Let Medicare negotiate

CHICAGO (Reuters) - (The writer is a Reuters columnist. The opinions expressed are his own.)

Parents inch closer to college saving goals, study says

NEW YORK (Reuters) - When optimism and realism about college savings collide, you get parents who are confident that they will meet their goals - as long as they reduce the amount of money they save,...

Cboe and BlackRock to launch corporate bond index futures

(Reuters) - Exchange operator Cboe Global Markets Inc said on Wednesday it has collaborated with the world's largest asset manager, BlackRock Inc, to develop U.S. corporate bond index futures.

Unmasked: Life lessons with actor Antonio Banderas

NEW YORK(Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)

Chemicals boss Ratcliffe tops Sunday Times Rich List

LONDON (Reuters) - Jim Ratcliffe, the founder and boss of chemical giant Ineos, is the richest man in the United Kingdom, according to the Sunday Times Rich List, first among a record 145...

BlackRock may keep fees despite executive’s U.S. campaign donation: SEC

NEW YORK (Reuters) - BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich's U.S. presidential campaign, according to a...

Sober in Sin City: Hedge funds focus on work at Las Vegas event

LAS VEGAS (Reuters) - A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked "Sin...

Fed to put Wells Fargo remediation plan to public board vote: letter

WASHINGTON (Reuters) - The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren,...

U.S-based emerging market stock funds post largest outflows since 2016

NEW YORK (Reuters) - U.S. fund investors are wavering on one of their favorite bets of the last year, walloping emerging-market stocks and hunkering down in short-term bonds.

Wells Fargo trims expected hit from regulatory cap on assets

BOSTON (Reuters) - Wells Fargo & Co on Thursday said a cap on the bank's growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast...

Some U.S. fund managers finally convinced oil rally is for real

NEW YORK (Reuters) - U.S. fund managers are barreling into the energy sector by making broad bets on anything connected with oil, finally convinced that gains in crude prices - on track for their...

Tax cut helping turn U.S. small caps into unlikely source of safety

NEW YORK (Reuters) - The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader...

Entrepreneur 101: To nurture job growth, U.S. universities seed start-ups

NEW YORK (Reuters) - A decade ago, Devin Jameson might have chosen to drop out of college and work on Eversound, a wireless headset start-up for senior communities.

Vermont can show Washington the way on senior housing policy

CHICAGO (Reuters) - Hey, Ben Carson - how about a field trip to Vermont?

Australia’s AMP feels shareholder wrath over misconduct

SYDNEY (Reuters) - Top Australian wealth manager AMP Ltd faced an investor revolt at its annual meeting on Thursday, with shareholders voting overwhelmingly against its executive pay plans in the...

Australia’s AMP braces for shareholder revolt at frosty AGM

SYDNEY (Reuters) - Top Australian wealth manager AMP Ltd told angry shareholders on Thursday it understood their concerns and expected some to vote against its remuneration plans after a public...

CalSTRS opts to engage assault weapon retailers, not immediate divestment

(Reuters) - The California State Teachers' Retirement System decided on Wednesday to publicly engage retailers of military-style assault weapons in the wake of public outcry over mass shootings, as...

Happy Mother’s Day – paying the ‘motherhood penalty’

CHICAGO - If mom arrives at this year’s Mother’s Day gathering looking like she needs less stress and more relaxation, resist the urge to tell her to leave her job.

Majority of Sturm Ruger investors vote for gun-safety report

(Reuters) - A majority of Sturm Ruger & Co investors on Wednesday voted to support a call for the gun maker to produce a report on the safety of its products, in what shareholder activists called the...

U.S. bond funds take in cash for eleventh straight week: ICI

NEW YORK (Reuters) - U.S. fund investors are shifting from stocks to bonds and piled into debt markets for an 11th straight week, Investment Company Institute (ICI) data showed on Wednesday.

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