Economy

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  1. Barclays wants dark-pool lawsuit dismissed

    trueBarclays on Thursday filed a motion to dismiss a lawsuit that claims the bank misled clients about the extent of high-frequency trading in its Barclays LX dark pool, saying the complaint does not identify any fraud and has “substantial factual errors.”

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  1. Managers pessimistic on credit defaults, survey finds

    trueCredit portfolio managers are more pessimistic about the outlook for credit defaults in the next 12 months but see stable credit spreads in North America and tighter spreads in Europe over the next three months

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  2. BATS Global Markets president out

    trueWilliam O’Brien, president of BATS Global Markets, has left the company.

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  3. New York State Common Retirement Fund drops Cap Guardian for emerging markets equity

    trueNew York State Common Retirement Fund, Albany, terminated Capital Guardian as manager of a $430 million emerging markets equity portfolio, said information on the website of state Comptroller Thomas DiNapoli, sole trustee of the $176.2 billion pension fund.

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  4. Russell Investments: Market volatility dangers likely

    trueInvestor complacency, unsustainably low volatility and stretched equity market valuations might lead to market shocks, said the third-quarter update of Russell Investments’ Strategists' 2014 Global Outlook.

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  5. Emerging markets debt is attracting investors again

    trueEmerging markets debt, pummeled during last year's “taper tantrum,” is now tempting institutional investors back into the fold.

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  6. Louisiana Municipal Police Employees picks high yield, emerging markets debt finalists

    trueLouisiana Municipal Police Employees Retirement System named finalists in its searches for a domestic high-yield fixed-income manager to run about $83 million and an active emerging markets debt manager to run about $52 million.

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  7. Emerging market portfolio globalization: The next big thing

    trueOne of 2014's great investment surprises has been emerging markets equity performance. Notwithstanding negative news (from Ukraine to China, Turkey to Thailand) and record foreign investor outflows, MSCI EM equity is up 5% in the first half of the year in line with MSCI All Country World Index ...

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  8. GMI to expand its ratings to emerging markets

    trueGMI Ratings will introduce a combined set of accounting and governance ratings on some 9,000 companies in nearly 60 emerging markets countries.

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  9. Cambridge urges longer duration for fixed-income portfolios

    truePension funds that want to reduce risk in their portfolios should consider moving away from traditional core fixed-income strategies benchmarked to the Barclays Capital Aggregate Bond index, a paper from Cambridge Associates stated.

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  10. Headwinds remain despite progress, Yellen tells Senate panel

    trueFederal Reserve Chairwoman Janet Yellen told a Senate committee Tuesday that “the economy is making progress, and eventually, if we continue, the day will come when I think it will be appropriate to raise the fed fund rates."

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  11. SIFMA outlines recommendations to improve U.S. equity markets

    trueThe Securities Industry and Financial Markets Association released on Monday a new set of recommendations for the structure of U.S. equity markets.

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  12. Eurozone still in recession

    trueDuring the second half of the 1990s, the looming introduction of the euro led to a sharp drop in borrowing costs among the peripheral economies of the eurozone. That boosted their economies and the region’s overall economy. The Italian unemployment rate fell to 5.8% in 2007 from its 1998 peak of ...

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  13. Fed likely to end bond-buying program after October meeting

    trueThe Federal Open Market Committee's bond-buying program is likely to end after its October meeting, said minutes released Wednesday of the group's June meeting.

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