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Blackrock Promises Selective Fee Cuts To Capture Growth

NEW YORK – BlackRock Inc (BLK.N), the world’s largest asset manager, on Tuesday said it would continue to reduce fees on a small group of its products with...

Two Allergan Shareholders Call For Split Of Chairman-ceo Role

– Two of Allergan Plc’s (AGN.N) shareholders, hedge funds Appaloosa Management and Senator Investment Group, asked the drugmaker’s board to split the...

Two Allergan Shareholders Call For Split Of Chairman-ceo Position

– Two of Allergan Plc’s (AGN.N) shareholders – hedge funds Appaloosa Management and Senator Investment Group – on Tuesday asked the...

Oppenheimerfunds Carlyle Launch New Private Credit Interval Fund

NEW YORK (LPC) – OppenheimerFunds, the asset manager that oversees about US$249bn, has launched a private debt interval fund in partnership with US private equity...

Flipkart Founder-backed Indian Startup Launches Subsidized Electric Scooter

BENGALURU – Bengaluru-based startup Ather Energy opened pre-orders for its flagship electric scooters on Tuesday, hoping to build a beachhead in the world’s...

Us Hedge Fund Hudson Bay To Open London Office Sources

LONDON – U.S. hedge fund Hudson Bay Capital is opening an office in Britain to expand its European trading book, two sources told Reuters on Tuesday. Hudson Bay,...

Air Traffic Strikes Bigger Threat Than Fuel Prices In 2018 Iag Says

SYDNEY – Air traffic control strikes are more of a threat to European airlines this year than a rise in fuel prices, the chief executive of British Airways-owner...

Us Cftc Proposes Rule To Keep Higher Threshold For Swap Dealers

WASHINGTON – The U.S. derivatives regulator on Monday proposed maintaining the existing cutoff for U.S. firms to register as swaps dealers, backing off an earlier...

Pershing Squares Fraidin To Join Cadwalader As Mampa Lawyer

BOSTON – Stephen Fraidin, a prominent mergers lawyer who has been a top executive at billionaire investor William Ackman’s hedge fund, is joining law firm...

Oil Down As Us Supply Grows Opec Considers Higher Output

LONDON – Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply. Benchmark Brent crude oil LCOc1 lost $1.26 a...