European Union borrowing costs rise after global index compiler excludes its bonds

The European Union’s borrowing costs rose on Thursday as investors tried to assess what MSCI’s decision to leave the bloc out of its government bond indexes meant for jointly issued EU debt. Global index compiler MSCI said on Wednesday that following an investor consultation it had decided not to include the EU’s debt in its […]

Exclusive: Capital Group shakes up strategy to hit $4 trillion by 2031

Capital Group aims to grow its fixed income business, accelerate overseas expansion and diversify away from its core equities franchise to stem client withdrawals and compete with faster-growing fund rivals, its CEO Mike Gitlin told Reuters. Over its 93 years, Los Angeles-based Capital has built the world’s largest active fund firm, including the giant ‘American […]

Fed’s Bostic flags more issues with financial disclosures

A financial disclosure form for Federal Reserve Bank of Atlanta President Raphael Bostic notes more issues with reporting of past trading and investing activities. Bostic’s disclosure form, for 2023, made public on Friday, flagged several filing errors, including one that was referred to the central bank’s Inspector General, the central bank’s in-house watchdog. The latest form pointed […]