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Monday, April 29, 2013

Reuters Money: Slower world growth gives commodity investors cold feet

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04/29/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Slower world growth gives commodity investors cold feet
LONDON/NEW YORK (Reuters) - Investors are staying away from commodities, fearing that the worst is yet to come after prices plunged in April on signs of slower world economic growth.
Investors hunt for emerging bank shares as euro casts shadow over west
LONDON (Reuters) - The euro zone debt crisis has made investors wary of western European bank stocks and they are seeking more value and less risk in banks in central Europe, Russia, Turkey and even Africa.
IMF flags risks of asset bubbles, middle income trap in Asia
SINGAPORE (Reuters) - Asia needs to guard against asset bubbles and its emerging economies must improve government institutions and liberalize rigid labor and product markets if they wish to reach the level of developed countries, the International Monetary Fund said on Monday.
Birmingham City owner pleads not guilty to money laundering
HONG KONG (Reuters) - Birmingham City football club owner Carson Yeung pleaded not guilty to charges of laundering more than HK$720 million ($92.74 million) and his defense team sought to have the case thrown out, saying some related documents were no longer available.
Indian hedge funds dare where foreign investors fear to tread
MUMBAI (Reuters) - Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily e-mail tracker of his performance - including to competitors.
Column: Gambling with your retirement: PBS gets in on the action
CHICAGO (Reuters) - PBS Frontline is shocked - shocked! - to find that investors hold retirement accounts that cost too much and eat into long-term returns, even though financial experts have been hammering away on these issues for years
Column: Twilight of the middle class? - Chrystia Freeland
(Chrystia Freeland is a Reuters columnist. Any opinions expressed are her own.)
Flight delayed due to furloughs? Here's what to do
NEW YORK (Reuters) - Furloughs of air traffic controllers because of U.S. government spending cuts are leading to flight delays and cancelations.
Closed-end funds provide yield, but at a price
CHICAGO (Reuters) - Investors chasing yield in this low-rate environment are jumping into alternative vehicles. That's helping closed-end income funds stage a comeback.
More U.S. investors spanning the globe for real estate
NEW YORK (Reuters) - U.S. investors are rediscovering their appetite for foreign real estate. Attracted by potentially higher returns, they are putting more money into overseas funds that invest in offices, malls and apartment complexes than they have in six years.
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