Bank of America sees signs of recovery in Russian economy

Bank of America Corp (BofA) has turned positive on Russia's economy as it started seeing signs of recovery in near future though on a weaker note. The drastic slowdown in capital investment is gradually easing off. Russian economy seems to have bottomed out. Russian gross domestic product (GDP) shrunk 4.6 percent during the second quarter.

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August crash impacts JPMorgan's trading revenues

Falling in lines of Bank of America (BoA) and Citigroup Inc, the US banking major JPMogran Chase & Co has also indicated the possible drop in the revenues for the third quarter ending September. The high volatile trading during August shrunk the trading volume of the investment banking arm of JPMorgan Chase. Since the bank's strategy of not to lose money restricted the bank from speculative trading during the August crash. JPMorgan Chase also sees China's economic slowdown as a speed breaker, but not a devastating thing if the world's second largest economy is growing at five percent. JPMorgan has decided to implement an expansion plan for strengthening retail operations.

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Bond funds post $102 billion inflows in first quarter, highest demand since 2001

Investors worldwide poured $8.5 billion into fixed-income funds in the week ended April 1, marking the first three months of this year as the biggest first quarter for fixed-income inflows since 2001, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

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Low prices to delay 'peak oil demand' past 2030, says BofA

The recent rout in oil prices could delay the onset of "peak oil demand," or zero global demand growth, by around five years to beyond 2030, Bank of America Merrill Lynch (BofA) said.

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British gaming firm King prices shares at $22.50 for US IPO

London, UK-based gaming firm King priced its shares at $22.50 for its initial public offering (IPO) in New York, US, which values that company at over $7 billion.

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Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.

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World Point Terminals completes underwriting options to purchase additional stock

World Point Terminals announced today that the underwriters for its recently closed IPO had exercised their underwriting options to purchase additional 1,312,500 common stock.

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BofA, Goldman among beneficiaries of Malaysia deal boom

In an otherwise dismal year for Asia's investment banking industry, a ray of hope has appeared from the most unlikely of places: Malaysia.

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