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Monday, December 2, 2013

Reuters Money: Stock screen: 10 foreign stock bargains

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12/2/2013

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

Stock screen: 10 foreign stock bargains

LONG BEACH, Calif (Reuters) - With U.S. stock markets hitting multi-year highs, investors are searching for bargains beyond America's borders, where markets have underperformed for years.

Manufacturing growth rebounds in November to 10-month high: Markit

NEW YORK (Reuters) - U.S. manufacturing growth rebounded from a one-year low in November, while factory output grew at its fastest pace in 20 months, an industry report showed on Monday.

U.S. municipal bond funds post $869.6 million in outflows: Lipper

(Reuters) - U.S. municipal bond funds reported $869.6 million of net outflows in the week ended November 27, compared with $770.2 million in outflows in the previous week, according to data released by Lipper on Friday.

Clients' children are potential clients, too

NEW YORK (Reuters) - Clients often ask financial adviser Grant Rawdin to teach their children about money before they send them off to college or to their first jobs. After years of doing so, he had an epiphany: He needed to sign those young adults up as clients, too.

U.S. fund managers increase stock holdings in November

NEW YORK (Reuters) - U.S. fund managers increased their holdings of stocks in November, riding a global stock market rally that began when the Federal Reserve put off reducing its monetary stimulus, a Reuters poll showed Friday.

London leads 11 percent jump in bankers earning 1 million euros

LONDON (Reuters) - More than 3,500 bankers in Europe earned 1 million euros ($1.4 million) or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.

Goldman Sachs sued in Singapore penny stock saga

SINGAPORE (Reuters) - A shareholder who suffered losses in a penny stock trading debacle in Singapore is suing Goldman Sachs, accusing the investment bank of arbitrarily selling her holdings and saying the sales contributed to a crash in their prices.

Loyal friends may save bond markets from carnage

LONDON (Reuters) - The 30-year bond boom looks to be over but fears of a dramatic sell-off next year may be overstated.

UK watchdog eases bank capital rule for pension risk

LONDON (Reuters) - Britain's banking regulator relaxed a new rule determining the quality of assets banks must hold to cover risks from pension liabilities.

Exclusive: UBS shrinks 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 emerging market countries to reduce overlap with other departments, three sources familiar with the plan said.