Ariel launches first international fund

Based in New York, Bhansali joined Ariel last October as chief investment officer of international equities. She reports to Ariel founder and Chief Executive John Rogers.


Hedge fund manager battles to save Sears

Eddie Lampert, one of America's wealthiest hedge fund managers, is battling to save Sears after one of the country's oldest department chains saw sales plunge over Christmas.


ING shelves trade sale of Belgian insurer

Instead, ING's Belgian insurance operations will be included in the European and Asian business, which is being readied for an eventual listing, the person told Reuters.


Gold trading frenzy clampdown

Gold exchanges in China outside of two in Shanghai are to be banned, authorities said in a statement released on Tuesday.


Russian reserves stage biggest weekly fall since Jan '09

According to Artyom Biryukov, an analyst at HSBC, the central bank lost $4.2 billion from a negative reassessment of its gold position in reserves and another $6.6 billion from currency moves mostly in euro and sterling.


Chinese Cut Back on London Luxury Homes Purchases

Buyers from the world’s second-largest economy accounted for 4.9 percent of sales in Chelsea, Kensington, Knightsbridge and Belgravia in the three months through September, down from 12.6 percent in the previous quarter,