Reuters Money: Exclusive: UBS shrinks corporate advisory team for rich in emerging markets

	Click to View in Browser 11/28/2013 Exclusive: UBS shrinks corporate advisory team for rich in emerging markets ZURICH/DUBAI (Reuters) - Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some key emerging market countries to reduce overlaps with other departments, three sources familiar with the plan said. Barclays Capital ordered to pay $2.1 million to NY trader (Reuters) - Barclays Capital Inc has been ordered to pay $2.1 million to a New York-based trader it fired last year in connection with the alleged rigging of the London interbank offered rate, or Libor, according to arbitration documents. New hedge fund managers can score big gains, or losses: survey BOSTON (Reuters) - Wealthy investors may get more bang for their buck if they invest with brand new hedge fund managers, but they must also have a strong stomach to tolerate potential losses, a study released on Wednesday shows. Deutsche Bank in talks to sell Tilney to Permira: FT (Reuters) - Deutsche Bank is in exclusive talks with private equity firm Permira to sell the loss-making part of its wealth management business in the UK, the Financial Times reported on Wednesday, citing three people familiar with the negotiations. U.S.-based stock funds attract $5.4 billion in latest week: ICI NEW YORK (Reuters) - Investors in U.S.-based mutual funds committed $5.4 billion to stock funds in the latest week on signals that the Federal Reserve would maintain its bond buying for some time, data from the Investment Company Institute showed on Wednesday. U.S. jobs picture improving, manufacturing may be slowing WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment aid unexpectedly fell last week, but continued weakness in business spending on capital goods suggested slower economic growth in the fourth quarter. Smartphone apps for last minute pre-shopping (Reuters) - Attention, shoppers: If you just decided to join the Black Friday shopping crunch but didn't prepare well, don't despair: Just pick up your smartphone. It could be your new best friend. Fund managers bet on Chinese reforms with consumer stocks LONG BEACH, California (Reuters) - The extensive economic, legal and social reforms pledged this month by Chinese leaders have gone over well with investors. Three things to consider before you ask for a pre-nup NEW YORK (Reuters) - You could say Jennifer Fugo, 33, is part of a new prenup generation. She and her husband aren't rich. Fugo is a certified gluten-free health coach in Philadelphia and her husband - who just came off a four-year stretch of unemployment - works in post-production television. Foreign flows to North Africa evaporate on shocks at home and abroad LONDON (Reuters) - Investment in North African markets by international funds has evaporated as shocks in and outside the region have prevented hoped-for economic progress since "Arab Spring" uprisings swept many of the countries nearly three years ago. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Stronger U.S. data spurs world shares, yen falls Analysis: U.S. sanctions make Cuba's bank account too toxic for banks The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend