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Goldman Sachs, Morgan Stanley took stakes in US spot bitcoin ETFs in Q2, filings show

Goldman Sachs, Morgan Stanley took stakes in US spot bitcoin ETFs in Q2, filings show By Suzanne McGee Aug 14 (Reuters) - Goldman Sachs GS.N. and Morgan Stanley MS.N purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter, regulatory filings showed on Wednesday. The two banks joined a group of hedge funds and financial advisers that have waded into the products, which began trading in January 2024. Goldman Sachs said in its quarterly dis
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Third Point Dissolves Share Stake In Goldman Sachs, Cuts In Meta,& Microsoft

BRIEF-Third Point Dissolves Share Stake In Goldman Sachs, Cuts In Meta,& Microsoft Aug 14 (Reuters) - THIRD POINT: THIRD POINT CUTS SHARE STAKE IN META PLATFORMS BY 11% TO 1.1 MILLION CLASS A SHARES - SEC FILING THIRD POINT DISSOLVES SHARE STAKE IN GOLDMAN SACHS GROUP INC - SEC FILING THIRD POINT CUTS SHARE STAKE IN ALPHABET INC BY 34% TO 1.98 MILL
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Barclays planned to pull out of Israel's bond auctions under activist pressure, FT reports

UPDATE 1-Barclays planned to pull out of Israel's bond auctions under activist pressure, FT reports Adds details from the FT report in paragraphs 2-3, Barclays response in paragraph 4 and background in paragraphs 5-7 Aug 14 (Reuters) - Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to the country under pressure from pro-Palestinian activists, the Financial Times reported on Wednesday, citing people familiar with the matter.
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Sustainable Finance Newsletter - worker pay gap has narrowed to 268:1, but that won't last

Sustainable Finance Newsletter - CEO-worker pay gap has narrowed to 268:1, but that won't last By Ross Kerber Aug 14 (Reuters) - The topic of this week's column is the huge compensation gap within companies. The difference between the pay of CEOs and their workers drew a notch narrower, a recent report showed, but don't hold your breath for the trend to continue as labor markets soften.
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Mindbody ClassPass to go public in 12-18 months, CEO says

Mindbody ClassPass to go public in 12-18 months, CEO says By Ananya Mariam Rajesh Aug 14 (Reuters) - Mindbody ClassPass is aiming to go public in the next 12-18 months and has retained Goldman Sachs as its lead banker, the CEO of the fitness and wellness marketplace told Reuters in an interview. California-based Mindbody, which went public in 2015, was taken private by Vista Equity Partners for $1.9 billion in 2019. In 2021, it acquired ClassPass, a subscription-based workout platform, valuing t
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How you could justify August's stocks sell off

LIVE MARKETS-How you could justify August's stocks sell off STOXX 600 up 0.3% U.S. futures flat UBS shares up 3.7% after results Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . HOW YOU COULD JUSTIFY AUGUST'S STOCKS SELL OFF The broad consensus after the equity sell off earlier this month is that markets over-reacted to signs of macro economic weakness.
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Abu Dhabi's financial centre says company registrations up 31%

UPDATE 1-Abu Dhabi's financial centre says company registrations up 31% Adds detail in paragraph 10 By Federico Maccioni DUBAI, Aug 14 (Reuters) - The number of companies that set up base in Abu Dhabi's financial centre ADGM increased by 31% in the first half of the year as the likes of Morgan Stanley joined a slew of other financial services firms moving to the oil-rich emirate.
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Abu Dhabi's financial centre says company registrations rose 31% in first half

Abu Dhabi's financial centre says company registrations rose 31% in first half By Federico Maccioni DUBAI, Aug 14 (Reuters) - The number of companies that set up base in Abu Dhabi's financial centre ADGM increased by 31% in the first half of the year as the likes of Morgan Stanley joined a slew of other financial services firms moving to the oil-rich emirate.
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Asian shares rise, kiwi slumps as New Zealand cuts rates

GLOBAL MARKETS-Asian shares rise, kiwi slumps as New Zealand cuts rates Updates prices as of 0600 GMT By Stella Qiu SYDNEY, Aug 14 (Reuters) - Asian shares rose on Wednesday after soft U.S. producer prices data stirred hopes that consumer price inflation would be benign, while the kiwi dollar slumped after its central bank cut rates for the first time since early 2020. European stock futures point to a higher open as data showed British inflation rose less than expected in July.
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Financing conditions pass global selloff test, so far

REFILE-ANALYSIS-Financing conditions pass global selloff test, so far In paragraph 15, changes fund manager name to First Eagle Investments, the brand name the company prefers to use Global financial conditions holding up after stocks turmoil Goldman Sachs gauge shows conditions historically loose Carry trade unwind impact on liquidity a risk to watch -analysts By Yoruk Bahceli, Matt Tracy and Emma-Victoria Farr Aug 14 (Reuters) - A tumultuous sell-off in financial markets this month has barely
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Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal

UPDATE 8-Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal All-cash deal for $83.50 per Kellanova share Acquisition expands Mars' snacking platform Shares up nearly 8% in early trade Adds more background on Mars and Kellanova from paragraphs 17-25 By Anirban Sen, Savyata Mishra, Jessica DiNapoli and Abigail Summerville NEW YORK, Aug 14 (Reuters) - Family-owned candy giant Mars is buying Cheez-It maker Kellanova K.N in a nearly $36 billion deal, bringing together brands
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Asian shares rise, kiwi slumps as New Zealand cuts rates

GLOBAL MARKETS-Asian shares rise, kiwi slumps as New Zealand cuts rates By Stella Qiu SYDNEY, Aug 14 (Reuters) - Asian shares rose and the dollar nursed losses on Wednesday after soft U.S. producer prices data stirred hopes that consumer price inflation would be benign, sending bond yields lower. The kiwi dollar NZD=D3 slumped 0.7% after the Reserve Bank of New Zealand cut interest rates by 25 basis points to 5.25% and projected more easing to come.
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Carlyle to buy Baxter's kidney-care spinoff Vantive for $3.8 billion

UPDATE 1-Carlyle to buy Baxter's kidney-care spinoff Vantive for $3.8 billion Adds CEO quote in paragraph 7 and additional details about timing By Echo Wang NEW YORK, Aug 13 (Reuters) - Buyout firm Carlyle Group CG.O struck a deal to acquire Baxter’s kidney-care unit Vantive for $3.8 billion, the companies said on Tuesday. The proceeds from the deal, which is expected to close by early 2025, will help medical-device maker Baxter reduce its debt pile.
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Carlyle to buy Baxter's kidney-care spinoff Vantive for $3.8 billion

Carlyle to buy Baxter's kidney-care spinoff Vantive for $3.8 billion By Echo Wang NEW YORK, Aug 13 (Reuters) - Buyout firm Carlyle Group CG.O struck a deal to acquire medical-device maker Baxter’s kidney-care unit Vantive for $3.8 billion, the companies said on Tuesday. The proceeds from the deal, which is expected to close by early 2025, will help Baxter reduce its debt pile.
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Stock dump sparked by yen spike will drag on, says Goldman Sachs strategist

Stock dump sparked by yen spike will drag on, says Goldman Sachs strategist By Nell Mackenzie LONDON, Aug 13 (Reuters) - Systematic trading strategies including those run by hedge funds continue to dump trades, adding to about $109 billion of global equity futures sold in the past month, Goldman Sachs strategist Scott Rubner said in a note seen by Reuters on Tuesday.
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China's outbound investing quota crunch spurs foreign asset managers to get creative

China's outbound investing quota crunch spurs foreign asset managers to get creative Offshore investment flows surge as China growth weakens Total quotas set at $167 billion as of end-July Subscription caps, quota redistributions help ease crunch By Selena Li and Alessandro Diviggiano HONG KONG, Aug 13 (Reuters) - Soaring demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-investing quotas despite the recent selloff in the
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Hedge funds retrench on risk, fearful of increased volatility

UPDATE 1-Hedge funds retrench on risk, fearful of increased volatility Updates with hedge fund's record use of leverage By Carolina Mandl NEW YORK, Aug 12 (Reuters) - Portfolio managers at hedge funds have retrenched from some of their riskier positions after a volatile week for markets. A brutal selloff and recovery in global markets in the past week was triggered by the unwinding of billions of dollars worth of yen-funded trades and worries the U.S.
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Taiwan is punching well above its market weight

RPT-BREAKINGVIEWS-Taiwan is punching well above its market weight The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Hudson Lockett HONG KONG, Aug 12 (Reuters Breakingviews) - Taiwan's markets are not falling in line. The MSCI index .MIWO00000PUS comprised of Taiwanese stocks has dropped sharply in recent weeks but, unlike its peers in Japan and South Korea, has not come close to reversing its rise for 2024. Indeed, its year-to-date gains of nearly 28% are mo
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Hedge funds retrench on risk, fearful of increased volatility

Hedge funds retrench on risk, fearful of increased volatility By Carolina Mandl NEW YORK, Aug 12 (Reuters) - Portfolio managers at hedge funds have retrenched from some of their riskier positions after a volatile week for markets. A brutal selloff and recovery in global markets in the past week was triggered by the unwinding of billions of dollars worth of yen-funded trades and worries the U.S.
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Taiwan is punching well above its market weight

BREAKINGVIEWS-Taiwan is punching well above its market weight The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Hudson Lockett HONG KONG, Aug 12 (Reuters Breakingviews) - Taiwan's markets are not falling in line. The MSCI index .MIWO00000PUS comprised of Taiwanese stocks has dropped sharply in recent weeks but, unlike its peers in Japan and South Korea, has not come close to reversing its rise for 2024. Indeed, its year-to-date gains of nearly 28% are more t
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