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Mar 15, 2013

Foreigners snap up Treasuries, cool stock buys in Jan-Treasury

NEW YORK, March 15 (Reuters) – Foreigners boosted purchases
of U.S. government bonds in January and cut back on U.S.
equities after two months of strong inflows, U.S. Treasury data
showed on Friday.

Demand for Treasuries was driven entirely by official
buyers, including central banks, who snapped up $53.1 billion.
That was the largest inflow in at least three years.

Mar 12, 2013

Hungry for yield, investors turn to pizza, films, vacation homes

NEW YORK (Reuters) – Record low interest rates have helped investors rediscover a taste for bonds backed by everything from pizza to movie royalties, even though strong demand for these offbeat assets has already trimmed returns.

Over the last year, investors have snapped up debt backed by royalty fees from franchise restaurants such as Domino’s Pizza to timeshare loans on vacation properties around the world, and analysts expect demand to grow in 2013.

Mar 12, 2013

Allianz Re sees reinsurance prices flat to lower

FRANKFURT, March 12 (Reuters) – Allianz Re, the reinsurance
unit of Europe’s biggest insurer, Allianz, expects
stagnant-to-falling prices for risk cover in contract talks
between insurance companies and their reinsurance backers in the
coming months.

It would take a fundamental change in the amount of
reinsurance supply available, or perhaps a catastrophic event
like an earthquake or storm, to cause the pricing picture to
change, Allianz Re Chief Executive Amer Ahmed told Reuters in an
interview.

Mar 7, 2013

Adidas sees role for Reebok despite writedown

HERZOGENAURACH, Germany (Reuters) – Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) is to stick with its troubled Reebok business even though the German sportswear group had to make a 265 million euro ($344.5 million) writedown on the brand at the end of last year.

Adidas, which bought Reebok in 2005 for $3.8 billion to try to close the gap with market leader Nike (NKE.N: Quote, Profile, Research, Stock Buzz), last year had to cut its 2015 sales target for the brand by a third after two quarters of declining sales.

Mar 6, 2013

Jobs, factory data offer hope for economy

WASHINGTON (Reuters) – Private employers hired more workers than expected in February and demand for a range of factory goods was solid in January, hopeful signs for the economy as it deals with higher taxes and deep government budget cuts.

The reports on Wednesday suggested economic activity picked up after it stalled in the final three months of 2012.

Mar 6, 2013

U.S. jobs, factory data offer hope for economy

WASHINGTON, March 6 (Reuters) – U.S. private employers hired
more workers than expected in February and demand for a range of
factory goods was solid in January, hopeful signs for the
economy as it deals with higher taxes and deep government budget
cuts.

The reports on Wednesday suggested economic activity picked
up after it stalled in the final three months of 2012.

Mar 6, 2013

Dow Jones record may boost spending by wealthy; others still wary

NEW YORK (Reuters) – About an hour after the Dow Jones industrial average hit a record high on Tuesday, Overland Park, Kansas-based financial adviser Brad Stratton got an e-mail from a client asking how she could “make hay while the sun shines.”

Stratton, a former Merrill Lynch broker who set up his own firm last year, said he’s been fielding a lot of such calls lately. Many are from clients who want to capitalize on stock-market gains by purchasing second homes or investment properties.

Mar 1, 2013

U.S. factory activity jumps as Europe, China struggle

NEW YORK/LONDON (Reuters) – U.S. manufacturing activity expanded last month at its fastest clip in 20 months but Asian factories slowed and European output fell, suggesting the road back to robust global growth remains uneven.

In the United States, rising demand lifted the Institute for Supply Management’s factory purchasing managers index to its highest level since mid-2011, helping the sector regain some of the momentum lost in the second half of last year.

Mar 1, 2013

Factory activity jumps as Europe, China struggle

NEW YORK/LONDON (Reuters) – U.S. manufacturing activity expanded last month at its fastest clip in 20 months but Asian factories slowed and European output fell, suggesting the road back to robust global growth remains uneven.

In the United States, rising demand lifted the Institute for Supply Management’s factory purchasing managers index to its highest level since mid-2011, helping the sector regain some of the momentum lost in the second half of last year.

Mar 1, 2013

As Washington frets, markets take spending cuts in stride

NEW YORK (Reuters) – Broad spending cuts designed to slam most U.S. government programs with all the subtlety of a sledgehammer were set to begin taking effect on Friday, yet investors have so far barely batted an eyelash.

The $85 billion in across-the-board “sequestration” cuts were expected to cause airport delays, disrupt public services and result in lower pay or layoffs for millions of government workers.