China cut, lifts markets, fuels growth fears
The People’s Bank of China announced its sixth rate cut of 2015, lowering interest rates for one year lending and deposits by 0.25 percentage points to 4.35% and 1.5% respectively.
News
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McDermott hints at softer regulatory touch
Tracey McDermott, acting chief executive at the Financial Conduct Authority hinted at lighter touch regulation in future, suggesting the current volume was unsustainable.
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7IM bolsters private client team
Seven Investment Management has hired Guy Christie and Colin Mackenzie to its private client team.
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FCA seeks better customer communications
The Financial Conduct Authority (FCA) launched a consultation on Thursday to remove a number of ineffective communication requirements from its Handbook.
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‘System wide’ stress tests a potential solution to investment fund liquidity concerns
Much more work on policy options is needed to assess the danger posed to markets by investment fund liquidity, Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England said on Thursday.
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Tilney Bestinvest hires Morgan to bolster Scottish business
Tilney Bestinvest has restructured the management of its Scottish operation and further strengthened its offering with the hire of Harry Morgan.
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Amundi launches global multi asset SICAV
Amundi is making its French market focused Multi Asset Global fund available to international investors by launching a UCITS-compliant SICAV version.
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A new perspective on global investing
Capital Group New Perspective Fund (LUX) – launching 30 October 2015
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Sanlam appoints Polin as UK chief executive
Sanlam Private Wealth, part of South Africa-based Sanlam Group, announced on Wednesday the appointment of Jonathan Polin as UK chief executive.
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Mixed earnings reports reinforce Fed’s wait-and-see approach
Q3 earnings season is still in its infancy, but already there are signs to be read from them, says Twentyfour Asset Management’s Gary Kirk, especially in terms of next week’s FOMC meeting.
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Nuveen and TCAM bring ESG funds to UK market
Nuveen Investments and TIAA-CREF Asset Management have made two environmental, social and governance (ESG) funds available to non-U.S. investors including those in the UK via UCITS vehicles.
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Barclays Wealth pair signed-up by Lincoln
Lincoln Private Investment Office has hired two wealth managers from Barclays Wealth.