Career News 24/7: Reuters Money: Halfway to an emerging bear market: James Saft

Tuesday, June 11, 2013

Reuters Money: Halfway to an emerging bear market: James Saft

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06/11/2013

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

Halfway to an emerging bear market: James Saft

(Reuters) - Already halfway to a bear market, emerging market stocks face slumping commodities prices and what looks very much like a global trade slowdown.

Swiss-U.S. tax spat goes to wire after parliament setback

ZURICH (Reuters) - A Swiss government plan to protect the country's banks from U.S. criminal charges has been thrown into doubt by a Swiss parliamentary committee's rejection of the proposed bill on Tuesday.

Small business confidence hits one-year high in May

WASHINGTON (Reuters) - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.

Surge in commercial lending raises bubble worries

BOSTON (Reuters) - There was a time when robust growth in U.S. commercial loans was seen as a good sign for the economy, but this year a double-digit surge is being seen as a red flag.

Deutsche Bank says is confident on asset wealth management goals

FRANKFURT (Reuters) - Deutsche Bank can achieve and possibly even exceed its target of generating 1.7 billion euros ($2.25 billion) in pretax profit from its asset and wealth management division by 2015, the unit's chief Michele Faissola said on Monday.

Financial crisis curbs private equity investor returns: survey

LONDON (Reuters) - Two thirds of private equity investors have made net returns of at least 11 percent over the lifetime of their portfolios, a survey showed on Monday, with returns dropping since the financial crisis.

Mutual fund outflows rise as investors seek Fed clues

June 7 - Nervous investors pulled a net $8.9 billion from mutual funds (including conventional funds and exchange-traded funds) in the week ended June 5 as they looked for hints about when the Federal Reserve might begin scaling back its $85-billion bond-buying program.

U.S.-China corporate audit rift persists as summits begin

(Reuters) - The Obama administration is under pressure from large corporations and a senior U.S. senator to revisit oversight of Chinese corporate audits at upcoming summit meetings, as disputes persist despite a partial deal on the issue reached in May.

Former head of financial planning ethics group to be sanctioned

(Reuters) - The former chairman of the Certified Financial Planner Board of Standards, which develops ethics and standards for financial planners, is expected to receive a public rebuke for running afoul of the organization's rules, a person familiar with the matter said on Friday.

Pickup in hiring points to U.S. economic resilience

WASHINGTON (Reuters) - Employers stepped up hiring a bit in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back its monetary stimulus later this year.