Newsletter BOX: Reuters Money: Fed finally making policy for humans, not Vulcans: James Saft

09/11/2013

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

Fed finally making policy for humans, not Vulcans: James Saft

(James Saft is a Reuters columnist. The opinions expressed are his own)

Another historic Swiss bank under U.S. tax spotlight

ZURICH (Reuters) - Swiss private bank Rahn & Bodmer is under investigation by U.S. authorities, it said on Wednesday, the latest bank to be targeted in lengthy dispute over tax evasion.

Analysis: Emerging-market investors get picky with Fed set to taper

NEW YORK (Reuters) - Investors bracing for the U.S. Federal Reserve to wind down its monetary stimulus have fled emerging markets in recent months, and while the impact of slow capital flows is likely to be felt for some time, some countries will fare much better than others.

Reverse mortgages get smaller and costlier

CHICAGO (Reuters) - If you've been thinking about getting a reverse mortgage, September offers a model-year closeout sale opportunity.

Norway's new government to reshape world's largest wealth fund

OSLO (Reuters) - Norway's incoming center-right government plans to revamp and possibly break up the country's $750-billion oil fund, changing how one of the world's biggest investors spends its money.

Puerto Rico cuts planned debt sales after bond sell-off

(Reuters) - A day after a Puerto Rico bond sell-off pushed yields above 10 percent, the Government Development Bank said on Tuesday it is scaling back bond sales planned for the rest of 2013.

U.S. FDIC says foreign deposits not eligible for deposit insurance

WASHINGTON (Reuters) - U.S. bank regulators said Tuesday deposits in foreign branches of U.S. banks are not covered by U.S. deposit insurance, clearing up confusion over new rules in Britain.

Fund manager Ashmore says clients stick with emerging markets

LONDON (Reuters) - Fund manager Ashmore Group Plc said institutional clients had largely stuck with its core emerging markets range as their solid long-term outlook offset recent jitters in the sector.

Why dividend-growing stocks are beating bonds

CHICAGO (Reuters) - With all the angst in the market lately about rising rates bruising bond prices, where can you find reasonable income with less sensitivity to interest-rate movements?

Oppenheimer Rochester funds stand by Puerto Rico as investors flee

BOSTON (Reuters) - Managers of Oppenheimer Rochester municipal bond funds are standing by their heavy weighting in Puerto Rico debt, even if investors are not.