Bain to seek $6 billion for new buyout fund: sources

NEW YORK (Reuters) - Bain Capital LLC aims to raise $6 billion for its new global private equity fund and will offer three options on fees it charges to manage the money, according to people familiar with the matter.

Greek Euro Exit Aftershocks Risk Reaching China

Greece, responsible for 0.4 percent of the world economy, now poses a threat to international prosperity as investors raise bets its days using the euro are numbered.

China's WTO suit hits back at US import duties

GENEVA: China launched a complaint at the World Trade Organization on Friday against US import duties on 22 Chinese products that the United States says are unfairly priced or subsidised, including solar panels, wind towers and steel products.

Stocks, euro slip as Spain dims sentiment

NEW YORK (Reuters) - Global stocks and the euro eased on Friday after the Spanish economic dynamo of Catalonia said it needed help to refinance its debt, adding to financial troubles in Spain, which is already weighed down by a capital-constrained banking sector.

UPDATE 1-China's CIC eyes up to $2 bln stake in Alibaba Grp - sources

HONG KONG, May 24 (Reuters) - Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc.

New euro bailout fund may not have enough staff

BERLIN (Reuters) - An external consulting firm charged with evaluating the structure of Europe's new permanent rescue facility has raised questions about whether it will have enough staff to function effectively, according to documents seen by Reuters.

Is now a good time to invest in Europe? Some investors seem to think so

LONDON —About 60 billion euros ($76.5 billion) has been raised to buy so-called noncore loan assets currently held by European banks, according to the accounting firm PricewaterhouseCoopers.

U.S. Banks Sold More Swaps on European Debt as Risks Rose

U.S. banks increased sales of protection against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the last quarter of 2011 as the European debt crisis escalated.

Obama pledges tough enforcement of Wall Street reforms

May 19 (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation.

Energy-deficient India turns to UAE for increased oil supply

NEW DELHI: Under pressure from the US to cut its oil imports from Iran, India has decided to set up a high-level joint task force on investment which will also look into securing more oil supplies from UAE that has assured it of “increased” energy exports.

EU plans for possible Greek exit from euro - official

The European Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says.

Russian Funds Flee as Anti-Putin Demonstrators Dig In

Investors are fleeing Russia as demonstrators against President Vladimir Putin dig in, exacerbating the impact of Europe’s debt crisis on the country’s markets, money managers from Frankfurt to Moscow said.

Hedge funds eye further profits from JPMorgan losses

LONDON: Hedge funds are positioned to squeeze more profits from JPMorgan & Co's losing position in US credit derivatives, after racking up tidy gains from a lucrative trade that could end up costing the bank more than $3 billion.

Middle East investors slowly wake up to Africa

ADDIS ABABA (Reuters) - Flush with cash from oil and stuck with few options for growth in developed markets, Middle East investors are increasingly looking to nearby Africa.

Money Funds Cut Barclays Debt While Adding Deutsche Bank

The 10 biggest prime U.S. money- market mutual funds decreased holdings of Barclays Plc (BARC) by $6.65 billion in April, the largest drop in dollars for any bank, ahead of a potential downgrade for the London-based company.

Stock futures signal drop after JPMorgan loss

PARIS (Reuters) - U.S. stock index futures were down on Friday, pointing to a lower open on Wall Street, after JPMorgan Chase & Co stunned investors with news of "significant mark-to-market losses" that it said could "easily get worse."

Eurozone blocks one bn euros in Greek bailout: Report

BRUSSELS: The eurozone has blocked 1.0 billion out of 5.2 billion euros in bailout loans for Greece until Monday amid uncertainty over the country's political future, a European government source said.

Abu Dhabi's ADIA Names Florin Head Emerging Markets For Private Equity

DUBAI – The Abu Dhabi Investment Authority, or ADIA, one of the world's biggest sovereign wealth funds, Tuesday said it named Christophe Florin, a former executive at French insurance giant Axa (AXAHY), as head of emerging markets fund investments of ADIA's private equity business.

Canada's BMO Seeks Mideast Growth In Asset Management, Investment Banking

ABU DHABI (Zawya Dow Jones)--Bank of Montreal (BMO) said Monday it is opening a representative office in Abu Dhabi, as the Canadian lender seeks to grow its capital markets and asset management business in the Middle East by gaining better access to the region's sovereign wealth funds.

Norway Dumps Ireland, Portugal Bonds on Euro Crisis Concern

Norway’s sovereign wealth fund sold all its Irish and Portuguese government bonds after rejecting the Greek debt swap and warned that Europe faces considerable challenges.

Federal Reserve officials at odds on jobs view

SANTA BARBARA, California (Reuters) - The economy will likely grow at a moderate pace, inflation will stay low, and unemployment will fall, three top U.S. Federal Reserve officials on Thursday said in remarks prepared for delivery to an economic outlook summit.

x-JPMorgan Asia-Pacific Stock Derivatives Head Plans Hedge Fund

William Lee, who led JPMorgan Chase & Co. (JPM)’s Asia-Pacific equity derivatives business, plans to start his own hedge fund this year that will exploit mispricing in the region’s derivative markets and broad economic trends.

Huge China trade hub planned for Irish countryside

DUBLIN (Reuters) - Ireland gave phase one of a huge Chinese trading hub planning permission on Tuesday, paving the way for what would be one of the biggest developments in the struggling euro zone country.

China PMI at 13-month high, UK's slips signalling longer recession

BEIJING/LONDON: China's official purchasing managers' index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering from a first-quarter trough, but smaller factories are still struggling.

Euro on pace for worst month against dollar since December

NEW YORK: The euro slid against the dollar on Monday and was on track for its worst month since December, pressured by nagging euro zone stresses as German retail sales were softer than expected and Spain slipped back into recession.