Roller coaster March puts macro hedge funds in red, others post small gains

By Carolina Mandl and Svea Herbst-Bayliss NEW YORK (Reuters) -Big market swings in March sparked by a banking crisis hurt some hedge fund returns with global macro firm Rokos Capital Management reporting double digit losses. Firms that concentrate on stocks, however, rode a late month market rally to small gains, according to investors and industry …

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‘Operation Cookie Monster’: International police action seizes dark web market

By Michael Holden, James Pearson and Christopher Bing WASHINGTON/LONDON (Reuters) -International law enforcement agencies have seized a sprawling dark web marketplace popular with cybercriminals, Britain’s National Crime Agency (NCA) said on Wednesday, in a multinational crackdown dubbed “Operation Cookie Monster.” A banner plastered across Genesis Market’s site late on Tuesday said domains belonging to the …

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Latam, Caribbean leaders meet to draft roadmap to tame inflation

MEXICO CITY (Reuters) – Leaders of 11 Latin American and Caribbean countries agreed to work to outline measures seeking to tame inflation in the region, including better conditions for trade, according to a statement published by Mexico’s presidential office Wednesday. Agreements reached include the creation of a working group of government representatives aimed at identifying …

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Goldman Sachs fined $3 million by FINRA over mismarking short sale orders

NEW YORK (Reuters) – The Financial Industry Regulatory Authority, Wall Street’s self-funded watchdog, fined Goldman Sachs Inc $3 million on Tuesday for mistakenly marking some of its stock orders as “long” instead of “short”, and for trade reporting violations. From October 2015 to April 2018, Goldman mismarked around 60 million short sale orders totaling more …

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Switzerland cuts bonus payouts for top Credit Suisse management

BERLIN (Reuters) -Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday. Under Swiss banking law, the Federal Council can impose bonus-related measures on a systemically important bank if it …

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Republican US presidential candidate Haley hauls in $11 million since launch

By Gram Slattery WASHINGTON (Reuters) – Republican U.S. presidential candidate Nikki Haley has raised more than $11 million since declaring her candidacy in February, her campaign said on Wednesday, a significant sum that could help her expand her support in the coming months. Haley’s campaign said it has received 70,000 donations since she declared her …

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Coronation roles for Prince George, Camilla’s grandchildren, says Buckingham Palace

LONDON (Reuters) -King Charles’s grandson Prince George and the grandchildren of the Queen Consort Camilla will play major roles in the coronation of the British monarch next month, Buckingham Palace confirmed on Tuesday. George, 9, the eldest son of heir to the throne Prince William, will be one of the king’s four pages of honour …

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Oil steadies as economic fears counter OPEC+ cuts, US stock draw

By Laura Sanicola (Reuters) – Oil prices settled largely unchanged on Wednesday, despite greater-than-expected draws in U.S. crude and fuel stockpiles, as the market weighed worsening economic prospects against expectations of U.S. crude inventory declines and plans by OPEC+ producers to reduce output. Brent crude futures settled up 5 cents, or 0.1%, at $84.99 a …

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