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Tuesday, May 13, 2014

Reuters Money: Xi's new normal with Chinese characteristics: James Saft

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05/13/2014
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
Xi's new normal with Chinese characteristics: James Saft
(Reuters) - The world needs to get ready for a new normal with Chinese characteristics.
Want to live in Europe? Money talks
VILNIUS/AMATCIEMS (Reuters) - The dirt track that wends through a Lithuanian forest should, according to records, open onto a vibrant business hub with 99 firms under one roof.
Ackman asks for Allergan's stockholder list
BOSTON (Reuters) - William Ackman plans to communicate with other Allergan shareholders after the Botox maker on Monday rebuffed a bid to be bought by the billionaire investor and Valeant Pharmaceuticals.
Weaker U.S. personal earnings, home-price expectations: New York Fed survey
NEW YORK (Reuters) - Americans expected weaker personal earnings growth and home prices, according to a survey done last month by the Federal Reserve Bank of New York.
Investors cut risks; wary of crowded periphery euro debt: survey
LONDON (Reuters) - Global investors cut back on overstretched bets in May, reducing U.S. equities while adding back emerging market assets and raising cash, a closely watched survey showed on Tuesday.
Take the long view and side-step investing in China
CHICAGO (Reuters) - As the financial world casts its eyes on the initial public offering of Chinese Internet company Alibaba, likely the largest ever tech IPO, the bigger picture of Chinese economic growth is in question.
New York state pension ends fiscal year with record assets
WASHINGTON (Reuters) - New York state's pension fund reached its highest value on record of $176.2 billion at the end of its fiscal year in March as the rate of return on its investments jumped to 13.02 percent, the state comptroller said on Monday.
Investors add to hedge fund holdings in May: SS&C
LONDON (Reuters) - Investors added more cash to hedge funds than they redeemed in May, even though performance dipped during April, new data showed on Monday.
Carrie Dwyer, Schwab's top lawyer, retires; firm revamps the job
NEW YORK (Reuters) - Carrie E. Dwyer, who has overseen Charles Schwab Corp's legal, compliance, risk management, audit, fraud investigations and lobbying efforts for more than a decade, has retired from the retail brokerage, said people familiar with the move.
Success in life doesn't depend on college choice
LOS ANGELES (Reuters) - The first large-scale study of college graduates' success in life using measures other than salary reached some potentially revolutionary conclusions.
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