By Nell Mackenzie
LONDON (Reuters) - Hedge fund Exodus Point was up about 2% for the year to the end of March, according to a letter it sent to investors, benefiting from a bond market basis-trade that has regulators worried about financial stability risks.
Basis and rates trading form over a fifth of the trading strategy's risk allocation at the $11.8 billion fund, the letter seen by Reuters this week showed.
Exodus Point... (continue reading...)
By Sabrina Valle
HOUSTON (Reuters) - A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners attended by dozens of shale executives.
The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining the board of Exxon Mobil, which is... (continue reading...)
By Phil Stewart and Idrees Ali
WASHINGTON (Reuters) - Russian military personnel have entered an air base in Niger that is hosting U.S. troops, a senior U.S. defense told Reuters, a move that follows a decision by Niger's junta to expel U.S. forces from the country.
The military officers ruling the West African nation have told the U.S. to withdraw its nearly 1,000 military personnel from the country, which until a coup last year had... (continue reading...)
By Daphne Psaledakis
WASHINGTON (Reuters) - The United States will provide nearly $55 million to address a dire humanitarian crisis in Burkina Faso, U.S. aid chief Samantha Power will announce on Thursday, according to a statement seen by Reuters.
The aid will address emergency food and nutrition needs as well as other support, Power said. The funds will bring the U.S. Agency for International Development's total emergency aid to Burkina... (continue reading...)
By Clara Denina, Pratima Desai and Felix Njini
LONDON (Reuters) - Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company.
Glencore has not yet approached Anglo, one of the sources said. The discussions are internal and preliminary at this stage and may not result in an approach, the source added.
"We do not... (continue reading...)
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