Newsletter BOX: Reuters Money: India, the taper and capital controls: James Saft

08/20/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

India, the taper and capital controls: James Saft

(Reuters) - India's imposition of capital controls shows how the prospect of a rollback of U.S. monetary policy is already starting a global war for capital.

Ally Financial to sell $1 billion in stock to boost capital

(Reuters) - Auto lender Ally Financial Inc said it will sell shares worth $1 billion to boost capital levels after failing the Federal Reserve's stress test earlier this year.

Preferred stocks still make sense for yield

CHICAGO (Reuters) - Frustrated yield seekers have been drawn to preferred stocks because they offer a several-point yield advantage over most U.S. investment grade bonds, including Treasuries, corporates and municipal bonds.

The income annuity puzzle: Why don't more people use them?

CHICAGO (Reuters) - Economists have long argued that there's a perfect financial product for retirement: the humble immediate income annuity.

Tax reform could hurt U.S. state and local governments: S&P

WASHINGTON (Reuters) - Congressional lawmakers working on comprehensive tax reform could harm U.S. cities, states and other governments that sell municipal debt and damage their credit quality, Standard & Poor's Ratings Service said on Monday.

IRS debuts online registration for firms ahead of FATCA law

WASHINGTON (Reuters) - The Internal Revenue Service on Monday launched an online registration program for the hundreds of thousands of financial firms around the world that must comply with a U.S. anti-tax evasion law or risk being shut out of financial markets.

U.S. gold coin sales plunge in August as retail buying fades

NEW YORK (Reuters) - Demand for U.S. gold coins has plunged in recent weeks as the unprecedented buying by retail investors that helped bullion prices recover from their historic sell-off four months ago has almost vanished.

Zillow offers stock at 3 percent discount

(Reuters) - Zillow Inc said it will offer 5 million shares of its class A common stock for $82.00 apiece, a discount of 3 percent to the company's closing price on Monday.

Blackstone targets up to $5 billion for new European fund: source

(Reuters) - Blackstone's real estate arm is targeting up to $5 billion for a new European fund, according to a source familiar with the matter, as one of the world's biggest private equity firms bets on property deals in the region picking up.