Reuters Money: Liquidators of failed Bear Stearns funds sue rating agencies

	Click to View in Browser 07/11/2013 Liquidators of failed Bear Stearns funds sue rating agencies NEW YORK (Reuters) - The liquidators of two offshore Bear Stearns hedge funds have filed a $1.12 billion lawsuit accusing the major U.S. credit rating agencies of fraudulently issuing inflated ratings for securities that the funds owned. Ignore the bad news on emerging markets (Reuters) - Truth is, emerging markets haven't just been bad but are likely to get worse, especially in comparison to developed markets. Don't fear end to QE3 if economy grows, commodity managers say LONDON (Reuters) - An end to U.S. monetary stimulus may not necessarily spell doom for commodity prices if a strong U.S. economic recovery boosts demand for oil and base metals, leading commodity managers say, but gold and silver are to be avoided. Anti-tax advocate Norquist backs latest U.S. tax revamp effort WASHINGTON (Reuters) - Grover Norquist, the influential anti-tax activist, on Wednesday threw his support behind the latest bid by Senate tax writers to overhaul the U.S. tax code. But he added caveats that highlight the challenges lawmakers face in their quest. Detroit city workers, retirees push back on pensions DETROIT (Reuters) - With the threat of a city bankruptcy looming, Detroit city workers and retirees are pushing back against the state-appointed emergency manager, filing lawsuits to limit his options and refusing to accept demands to keep details of their discussions secret. Stern Advice: Financial advice you can trust - and afford WASHINGTON (Reuters) - The slowest-moving body in Washington right now is not the Nationals' outfield but regulators creating an ethical standard that would require financial advisers to put their clients' interests first. U.S. consumer bureau vows crackdown on unfair debt collectors WASHINGTON (Reuters) - The U.S. consumer watchdog on Wednesday warned lenders it will crack down on unfair and misleading debt collection practices, part of growing scrutiny of how financial firms treat consumers who owe them money. French HSBC tax case report reveals $5 billion in Swiss funds PARIS (Reuters) - France needs to beef up its methods of fighting tax evasion, according to a parliamentary report on a probe into HSBC that revealed $5 billion of undeclared assets in thousands of Swiss bank accounts. SEC votes to lift longtime ad ban for private offerings WASHINGTON (Reuters) - The Securities and Exchange Commission on Wednesday voted to lift a longtime advertising ban for hedge funds and other firms offering private placements, a controversial change that has sparked fierce debate between business interests and consumer advocates. SEC lifts longtime advertising ban for hedge funds, others WASHINGTON (Reuters) - U.S. regulators on Wednesday lifted an 80-year-old ban on advertising by hedge funds, private equity firms and other companies, paving the way for asset managers to reach a new swath of investors through television and the Internet. Related Video How to play banker on the web Big dividends can mask big risks - Money Clip Business News Jobless claims rise, but labor recovery grinds on Wall St. set for strong open after Bernanke comments 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