Finance

Watchdog warns UK fund managers to avoid Woodford liquidity trap

LONDON (Reuters) – Asset managers must ensure effective liquidity management of their funds, even where investment decisions have been delegated to others, Britain’s Financial Conduct Authority said. The FCA is investigating the suspension in June of the now-closed flagship equity fund run by Neil Woodford, one of Britain’s highest-profile asset managers, which was unable to …

Finance

Exclusive: Ukraine to fire prosecutor who discussed Bidens with Giuliani – source

KIEV (Reuters) – Ukraine plans to fire the prosecutor who led investigations into the firm where Joe Biden’s son served on the board, a central figure in the activity at the heart of impeachment proceedings against U.S. President Donald Trump, a source told Reuters. Trump’s personal lawyer Rudy Giuliani has acknowledged meeting the prosecutor, Kostiantyn …

Finance

StockBeat: Marvell Soars on Wells Fargo Upgrade; Sees Strong Chip Demand

Investing.com – Marvell Technology surged on Monday as Wells Fargo (NYSE:WFC) upgraded its outlook on the chipmaker, betting that the revival in data center spending and the rollout of 5G-enabled phones would boost chip sales. Investing.com – Marvell Technology surged on Monday as Wells Fargo (NYSE:WFC) upgraded its outlook on the chipmaker, betting that the …

Finance

Trial of longtime Trump adviser Roger Stone to begin on Tuesday

WASHINGTON (Reuters) – The criminal trial of President Donald Trump’s longtime adviser Roger Stone is set to begin on Tuesday in what could become a colorful sideshow generating unflattering headlines for the president even as he faces a fast-moving impeachment inquiry. Stone, a longtime Republican operative and self-described “dirty trickster” and “agent provocateur,” has pleaded …

Finance

Democratic groups launch $75 million digital ad effort to fight Trump

SAN FRANCISCO (Reuters) – A progressive digital group on Monday launched a $75 million digital advertising campaign to take on U.S. President Donald Trump’s online ad juggernaut, one year ahead of the November 2020 presidential election. David Plouffe, former President Barack Obama’s campaign manager in his 2008 presidential run, will advise the new campaign, run …