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iShares launches first euro high-yield bond ETF iShares the exchange-traded funds (ETF) operator owned by BlackRock said on Monday it had launched a fund that will provide investors with easier access to the European high-yield bond market. uk.news.yahoo.com
Small investors quitting Wall Street: SEC boss The head of the US stock market watchdog said on Tuesday that individual investors have been turning away from equities since a May crash that exposed weaknesses in Wall Street's trading structure. uk.news.yahoo.com
Lee Rosenbaum's cultural commentary The story of the Seattle Art Museum's expansion-related financial shortfalls---largely the result of the collapse of Washington Mutual Bank (WaMu), its development partner in the mixed-use building project---keeps getting worse. www.artsjournal.com
UK pension scheme drops Axa Rosenberg A UK pension scheme has joined US institutional investors and mutual funds in dropping Axa Rosenberg as a fund manager, taking the unusual step of stating that it had lost confidence in the firm. www.efinancialnews.com
Finance and Banking The U.S. Supreme Court recently has agreed to hear Janus Capital Group Inc. v. First Derivative Traders , a case involving the scope of "primary liability" in private securities actions. www.mondaq.com
Finance and Banking Law established the Malta Financial Services Authority (MFSA) on 23rd July 2002. It is a fully autonomous public institution and reports to Parliament on an annual basis. www.mondaq.com
Finance and Banking The National Futures Association ("NFA") 1 has petitioned the U.S. Commodity Futures Trading Commission ("CFTC") to amend CFTC Regulation 4.5, which currently excludes (among others) registered investment companies ("RICs") from the "commodity pool operator" ("CPO") definition under the U.S. Commodity Exchange Act, as amended ("CEA"). 2 The NFA has requested that the CFTC place limitations on ... www.mondaq.com
Has the bottom fallen out of equities? Asked what he thought about the French Revolution, Chairman Mao famously replied that it was "too soon to tell". His point, I suppose, was that events which seem important at the time may be less so when viewed as part of the great sweep of history. www.telegraph.co.uk
US financial crisis panel grills Lehman boss Dick Fuld - as it happened The former Lehman Brothers chief executive Dick Fuld was in the hotseat today for a quizzing over the bank's spectacular 2008 collapse at a hearing of America's bipartisan Financial Crisis Inquiry Commission in Washington In written evidence, Fuld has made it clear he's in no mood for an apology. Although he owns up to a few "poorly timed business decisions and investments", the fallen financier ... www.guardian.co.uk
Labour must free itself from its ideological shackles The unions, and the Labour Party, have been corrupted by the power of the state, argues Janet Daley. www.telegraph.co.uk
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