Newsletter BOX: Reuters Money: India, Rajan and the Great Man fallacy: James Saft

09/6/2013

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, Rajan and the Great Man fallacy: James Saft

(Reuters) - Enthusiasm for new Indian central bank head Raghuram Rajan is understandable, but blind faith in him is misplaced.

Global economy has become increasingly unstable: Pimco's Gross

NEW YORK (Reuters) - Pimco's Bill Gross, manager of the world's largest bond fund, said on Thursday the global economy has become difficult to stabilize and that investors should seek safety in shorter-dated bonds and inflation-protected Treasuries.

U.S. moves to expand business R&D tax break

WASHINGTON (Reuters) - Think you have a new way of making wine? There could be research tax breaks for that.

Short-sell hedge funds count cost as M&A picks up

PARIS/LONDON (Reuters) - Hedge funds circling the stock of vulnerable companies got an expensive wake-up call this week with Nokia's dramatic exit from commercial purgatory, prompting many to reassess their targets.

The unwelcome return of risk-on, risk-off

(Reuters) - After ebbing for most of the year, correlations are creeping back into financial markets.

Energy boom a windfall for U.S. family income: study

NEW YORK (Reuters) - American families will earn more money in the coming years as dollars from the nation's oil and gas boom trickle down to the average person, consultants IHS said in a report released on Wednesday.

U.S.-based bond mutual funds have $9.2 billion outflow: ICI

NEW YORK (Reuters) - Investors in mutual funds based in the United States pulled roughly $9.2 billion from bond funds in the latest week, data from the Investment Company Institute showed Wednesday.

Investors pull $7.7 billion from Pimco Total Return fund in August

NEW YORK (Reuters) - Bill Gross's Pimco Total Return Fund, the world's largest bond fund, lost $41 billion of its assets in the past four months through withdrawals and price losses, according to data from Morningstar Inc on Wednesday.

Goldman names head of venture capital coverage

NEW YORK (Reuters) - Goldman Sachs Group Inc said on Wednesday it appointed senior banker Stuart Bernstein as head of its venture capital coverage group, as it seeks to generate more business in sectors such as telecommunications and clean technology.

Commodities outperform stocks, bonds, dollar in August

LONDON (Reuters) - Commodities outperformed equities, bonds and the dollar in August with a surge in metals and oil prices, following lackluster performance against other asset classes over the past two years.