Career News 24/7: Before the Bell: Bonds, stocks brush off Eurosceptic election gains

Monday, May 26, 2014

Before the Bell: Bonds, stocks brush off Eurosceptic election gains

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05/26/2014

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

Bonds, stocks brush off Eurosceptic election gains

LONDON (Reuters) - Italian assets surged and German shares hit all-time highs on Monday as solid election showings by pro-European forces in both countries provided an antidote to Eurosceptic gains in France, the UK and Greece.

Exclusive hedge funds crack open door to Main Street

LAS VEGAS (Reuters) - As a $14.8 billion hedge fund with a reputation for savvy mortgage trades and a record of double-digit returns, Pine River Capital Management has long signed up multi-billion-dollar pension and sovereign wealth funds as investors.

China's state-owned sector told to cut ties with U.S. consulting firms

(Reuters) - China has told its state-owned enterprises to sever links with American consulting firms just days after the United States charged five Chinese military officers with hacking U.S. companies, the Financial Times reported on Sunday.

Prawns replace abalone as China property developers go down-market

HONG KONG (Reuters) - The Chinese developer behind an eight-storey clubhouse with a billion-dollar view over Shanghai's Huangphu River is turning to lower-end coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brakes on conspicuous spending.

BOJ's Sato proposed highlighting risks on price target: minutes

TOKYO (Reuters) - Bank of Japan board member Takehiro Sato proposed changing the central bank's assessment of prices to say that risks are tilted somewhat to the downside, highlighting skepticism within the board that Japan would be able to decisively beat off deflation in a year's time.

IMF's Lagarde calls for closer cooperation among central banks

SINTRA, Portugal (Reuters) - Christine Lagarde, managing director of the International Monetary Fund, called on Sunday for closer cooperation among the world's central banks to cope with the challenges of increasingly interlinked and complex financial systems.

Credit Suisse chief executive says no plans to quit: paper

ZURICH (Reuters) - Credit Suisse's Chief Executive Brady Dougan told a Swiss Sunday newspaper he has no plans to step down and his bank would not need a capital increase despite a $2.5 billion deal with U.S. authorities over a tax dispute.

Sony, Shanghai Oriental Pearl to set up China PlayStation JVs

BEIJING (Reuters) - Japan's Sony Corp and China's Shanghai Oriental Pearl Group Co Ltd will set up two joint ventures to make and market Sony's PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday.