The dollar snapped six weeks of declines against the euro, the longest losing streak in more than six years, as the Federal Reserve signaled its moving toward raising interest rates.
The dollar gained versus all its major counterparts after Federal Reserve policy makers indicated theyll probably raise interest rates by the middle of next year with the U.S. economy showing signs of strengthening
Bonds from Puerto Rico's record $3.5 billion general-obligation sale accounted for one-third of the trading volume of the entire $3.7 trillion municipal market on the day of their issue.
Emerging-market stocks headed for the steepest weekly drop since June while currencies weakened amid growing concerns that China's economic slowdown and Russia's standoff with the West will spur capital outflows.
Bullion advanced 14% this year, rebounding from the biggest annual drop since 1981, as concern economic growth in the U.S. and China is slowing and the crisis in Ukraine spurred demand for a haven.
Puerto Rico came to market with $3.5 billion of general obligation debt Tuesday, tapping the municipal bond market with GOs for the first time in two years.
Credit Suisse Group, which runs Asia's third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients.
Emerging-market stocks rebounded and Russia's Micex Index rallied the most since May 2010 as President Vladimir Putin signaled a de-escalation of the crisis with Ukraine. The ruble climbed from a record low.
The iShares MSCI Emerging Markets Index fell for a second day as the International Monetary Fund said risks of turmoil in developing nations threaten the global economy.
While traditional active management is likely to continue to be "the core" of asset management, passive and alternative strategies are on track for faster growth, according to PwC's new report.
Standard & Poor's 500 Index companies are exceeding analyst sales forecasts by the most since 2012, a sign rising consumer demand is fueling economic growth as the bull market approaches its sixth year.
Janet Yellen, taking charge as Federal Reserve chairman, let lawmakers know she's united with her policy committee and sees few risks that could derail a plan to steadily reduce the Fed's bond purchases.
The Fed's tapering policy will likely result in a moderate rise in interest rates accompanied by modest equity returns, according to one investment strategist.
Treasuries fell, pushing 10-year note yields higher for a third day, as a report showed initial claims for unemployment benefits fell last week, reducing haven demand.
While some financial advisors can be intentionally vague when detailing embedded risks to clients, others do not fully understand the risks themselves, says the author of a new book that looks at the "incestuous" relationship between Wall Street, Washington and regulatory agencies.
Client investments in emerging markets, China and Japan should be watched closely by financial advisors, according to global markets experts speaking at TD Ameritrade Institutional's national conference.
BlackRock Chief Executive Officer Laurence D. Fink warned there is "way too much optimism" in financial markets as he predicted repeats of the market turmoil that roiled investors this week.
Bank of Nova Scotia's ING Direct unit sees growth potential in wealth management after it completes efforts to add deposits and customers and introduces a credit card, said Peter Aceto, who heads the business.
International investors are the most upbeat about the global economy than at any time in almost five years, buoyed by the U.S.-led revival of industrial nations, according to the Bloomberg Global Poll.
In this newly created role, Philip Poole will lead research activity across the firms investment platform globally.
Investment funds that manage more than $100 billion in assets may be labeled too big to fail, global regulators said, as they seek to expand financial safeguards beyond banks and insurers.
UBS AG, Switzerland's biggest bank, is considering a spinoff of its investment banking business as regulators demands for more capital thwart efforts to boost returns, according to Mediobanca analysts.
Deutsche Bank AG, Europe's biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest-rate rigging scandal, according to a person with knowledge of the matter.
Wall Street's biggest banks say the slump in emerging-market assets that left equities trailing advanced-nation shares by the most since 1998 last year will prove more than a fleeting selloff.
Treasuries reached the cheapest level relative to stocks in 3 1/2 years before U.S. data today projected to show durable-goods orders rebounded, bolstering the case for the Federal Reserve to further slow stimulus.
Hedge funds got less bullish on gold before prices dropped to the lowest level since 2010, leaving the metal poised for the worst annual loss in 32 years as investors dump bullion at a record pace.
While the landscape for low-cost fund options for do-it-yourselfers is expanding, John Bogle, founder and retired CEO of the Vanguard Group, believes DIY product offerings are too often inappropriate for long-term investors, who are at risk of being led astray.
The U.S. Treasury Department has signed intergovernmental agreements with the Cayman Islands and Costa Rica in an effort to combat offshore tax evasion as part of the implementation of the Foreign Account Tax Compliance Act.
A unit set up by the IRS to improve international tax compliance by individuals is paying off, according to a new government report, enabling IRS auditors to assess an additional $36 million in taxes for fiscal years 2011 to 2013.
Currencies and commodities were added to a list of financial products and related activities that are subject to investigation, according to a regulatory filing published by the New York-based company today.
Germany has much to lose by leading the EU bailout, but more to lose if it doesn't.
The firm is trying to find if its advisors improperly offered non-purpose loans to clients for purchase of its securities.
UBS OConnor, the UBS AG unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter.
These investment strategists say they believe the emerging economies in the world are where equity opportunities are to be found.
Foreign investors should be diversified in order to survive this period of market volatility.
Predictions of a hard landing for this nation's economy are overblown.
Kumpulan Wang Persaraan (Diperbadankan), Malaysias second-biggest pension fund, is looking at real estate assets in Australia and the U.K. as it seeks to increase its investments overseas.
Switzerland said it has agreed to a draft plan with the U.S. for the countrys banks to settle a tax-evasion dispute after years of diplomatic wrangling.
The Internal Revenue Service has provided summaries and a set of tips to help with compliance for some of the more complex areas of the foreign tax credit law.
A three hour pause in trading is not going to be that big of a deal for investors, Stifels chairman and CEO Ron Kruszewski says.
Responding to increased client demand, the firm has launched new efforts to enhance its socially responsible investment options.
Despite the controversy and repeated delays, the IRS and the Treasury Department have been moving forward slowly with implementing FATCA, including the release of a draft version of Form 8966.
Investors are favoring U.S. stocks over emerging markets by the most ever as fund flows and volatility measures show institutions are increasingly seeking the relative safety of American equities.
Foreign stocks generally pay higher dividends and offer great sector diversity for investors hunting yields, says Philip Camporeale of J.P. Morgan Asset Management. But beware the tax hit.
A run-down of the stories in this issue, which focuses on global strategy and taking advantage of emerging markets.
Compared to their foreign peers, U.S. investors are skittish on emerging markets. Here's why some think they're missing the boat.
Emerging market funds are battered, but there's a strong argument for staying the course.
Firms scale their U.S. operations in hopes of netting the coveted ultra-wealthy international client.
Ron OHanley, Fidelity Investments president of asset management and corporate services, laid out his take on a number of economic trends through a game of red light/green light led by Morningstars head of global research Scott Burns.
Most emerging-market stocks fell as Brazils Ibovespa sank a day after entering a bear market, while investors weighed prospects for global stimulus measures.
Japans public pension fund, the worlds biggest manager of retirement savings, said it will reduce its holdings of local bonds and buy more shares.
Beyond Iran's nuclear ambitions, there are reasons a brighter energy world may be on the horizon.
Investors continue to pour dollars into 40 Act products, looking for returns outside of U.S. borders and income from taxable fixed income funds.
Chinas first cross-border exchange-traded fund, based on the NASDAQ-100 Index, has begun trading on the Shanghai Stock Exchange.
Neuberger Berman has filed with the SEC to offer an Emerging Markets Income Fund.
The speed of global information flow means advisors need to rethink how they create portfolios to avoid over-correlation.
Guggenheim Investments filed with the Securities and Exchange Commission to register the Emerging Markets Bond Strategy Fund, part of the Rydex Series Funds.
Yield by any name may sound sweet, but experts say closed-end fund investors need to consider other factors, too.
The Internal Revenue Service has published 2010 statistics on foreign trusts indicating an increasing interest in foreign investment by U.S. taxpayers, and the impact of changes made in 1996 to information reporting requirements.
Vanguard is establishing an intermediary business in Hong Kong. Along with the new business unit, Vanguard also said the announcement of its first locally domiciled product offering in Hong Kong is imminent.
As global growth slows, emerging markets economies are catching up. And the result is a global paradigm shift of historical proportions.
Its no surprise that global investing is becoming an increasingly important part of client portfolios. Fund manager Jonathan Brodsky talks about big picture trends that have been shaping the global investing landscape.
Investors are worried about whether a currency war could lead to inflation, but Milton Ezrati of Lord Abbett says advisors must position client portfolios for success despite a "global recession."
Direxion has added two new leveraged exchange-traded funds: the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU), to its portfolio.