Reuters Money: Fed finally making policy for humans, not Vulcans: James Saft

	Click to View in Browser 09/11/2013 Fed finally making policy for humans, not Vulcans: James Saft (James Saft is a Reuters columnist. The opinions expressed are his own) Another historic Swiss bank under U.S. tax spotlight ZURICH (Reuters) - Swiss private bank Rahn & Bodmer is under investigation by U.S. authorities, it said on Wednesday, the latest bank to be targeted in lengthy dispute over tax evasion. Analysis: Emerging-market investors get picky with Fed set to taper NEW YORK (Reuters) - Investors bracing for the U.S. Federal Reserve to wind down its monetary stimulus have fled emerging markets in recent months, and while the impact of slow capital flows is likely to be felt for some time, some countries will fare much better than others. Reverse mortgages get smaller and costlier CHICAGO (Reuters) - If you've been thinking about getting a reverse mortgage, September offers a model-year closeout sale opportunity. Norway's new government to reshape world's largest wealth fund OSLO (Reuters) - Norway's incoming center-right government plans to revamp and possibly break up the country's $750-billion oil fund, changing how one of the world's biggest investors spends its money. Puerto Rico cuts planned debt sales after bond sell-off (Reuters) - A day after a Puerto Rico bond sell-off pushed yields above 10 percent, the Government Development Bank said on Tuesday it is scaling back bond sales planned for the rest of 2013. U.S. FDIC says foreign deposits not eligible for deposit insurance WASHINGTON (Reuters) - U.S. bank regulators said Tuesday deposits in foreign branches of U.S. banks are not covered by U.S. deposit insurance, clearing up confusion over new rules in Britain. Fund manager Ashmore says clients stick with emerging markets LONDON (Reuters) - Fund manager Ashmore Group Plc said institutional clients had largely stuck with its core emerging markets range as their solid long-term outlook offset recent jitters in the sector. Why dividend-growing stocks are beating bonds CHICAGO (Reuters) - With all the angst in the market lately about rising rates bruising bond prices, where can you find reasonable income with less sensitivity to interest-rate movements? Oppenheimer Rochester funds stand by Puerto Rico as investors flee BOSTON (Reuters) - Managers of Oppenheimer Rochester municipal bond funds are standing by their heavy weighting in Puerto Rico debt, even if investors are not. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall St. to open lower after recent run, Obama speech Apple opts for profit over market share with not-so-cheap iPhone 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