Anglo American is set to name Sir John Parker as its new chairman in a movethat seems designed aiming in a move to reassure shareholders that the international mining group has a strong independent future after its the company’s emphatic rejection of a n ambitious merger offer from rival Xstrata
LONDON (Reuters) - The Church of England Pensions Board said on Wednesday it has fired UBS as its global equities fund manager and brought in Allianz unit RCM in its place.
The news agency said JWM’s London chief Adrian Eterovic plans to start his own fund. Eterovic registered Episteme Capital Partners (U.K.) - (Reuters) - John Meriwether’s hedge fund firm JWM Partners LLC plans to close his current hedge fund, which lost 44 percent from September 2007 to February 2009, Bloomberg reported, citing a person familiar with the matter.
The number of mortgage loans insured by the U.S. government jumped to their highest share of total loan applications in nearly 20 years, according to a report by the Mortgage Bankers Association.
UK government bonds sold off sharply on Thursday after the Bank of England disappointed investors by failing to increase its quantitative easing programme
Borrowers demand more mortgage lending
The Bank of England’s monetary policy committee has voted to hold rates steady at half a percentage point and said it would keep its quantitive easing at £125bn and review the programme at its August meeting