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Brazilian financier Esteves plans BTG IPO-report

Brazilian billionaire Andre Esteves plans an initial public offering for his BTG Pactual investment bank in 2010, Valor Economico newspaper reported, without citing a source for the information.

Barclays ahead early in Lehman carve-up

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A year ago, Barclays and Nomura were preparing to dismember the carcass of recently-deceased Lehman Brothers. Twelve months seems a good time to ask: who got the tastier meal?

Oil drops towards $69 on dollar, position limits

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Oil eased toward $69 a barrel on Monday, after a decision by a major U.S. commodities exchange to enforce limits on large positions increased uncertainty and the dollar strengthened slightly.
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Investors should think global, execs say

The severity of the U.S. financial crisis exposed investors' need to whittle down a dependence on dollar-denominated assets and diversify globally, two of Wall Street's most influential figures said on Sunday.
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Ex-BoE member astounded U.S. govt didn't save Lehman

The former deputy Governor of the Bank of England said he was astounded the U.S. government let Lehman Brothers go under, and that the bank's collapse marked a clear moment when people lost confidence in the markets.
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BIS says clearing derivatives not enough to cut risks

Central clearing of privately traded derivatives contracts won't be enough to make the $600 trillion sector safe, while clearing of some bespoke trades may not be desirable, the Bank of International Settlements said.
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Private equity firms look to take cos public

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.
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American Air in JAL tie-up, investment talks: report

The parent company of American Airlines is in talks to set up a broad venture with Japan Airlines Corp in a deal that could see the U.S. carrier investing hundreds of millions of dollars in JAL, The Wall Street Journal cited sources as saying on Saturday.
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Quadrangle focuses less on Europe, more on Asia

New York-based private equity firm Quadrangle Capital Partners will substantially close its London office and pursue its European investments out of the United States, an investor letter dated Friday said.
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Financial IPOs to test waters

A dozen or so financial companies, from banks to asset managers, are planning initial public offerings by year's end, betting that investors are over their aversion to the sector a year after Wall Street's crisis boiled over.
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US private equity firms look to take cos public

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.
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Harvard and Yale endowments suffer heavy losses

Harvard and Yale, America's two richest universities, said on Thursday their endowments lost roughly 30 percent of their value last year, showing how severely the financial crisis battered even the world's best managers.
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Regulators eye dark corners of U.S. stock market

In obscure corners of the U.S. stock market -- where flash orders, dark pools and other controversial practices thrive -- regulators are trying to shine a light to guard against unfair dealing.
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Tengzhong's Hummer deal is trade, not investment

Chinese machinery maker Tengzhong's bid to acquire the Hummer brand from General Motors Co should be viewed as a trade in technology and not an overseas investment, a top Chinese planning official said on Thursday.
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Fire directors sue Merrill, alleged racial bias

Five black fire safety directors of West Indian descent sued Bank of America Corp's Merrill Lynch unit on Friday, accusing it of discrimination on the basis of race and national origin, leading to their 2005 firings.
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BofA says still in talks to exit government pact

Bank of America Chief Executive Ken Lewis said his company is still in talks with U.S. officials on how to compensate the government for a prior loss-sharing agreement, according to a letter released by a watchdog lawmaker on Thursday.
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BPC says institutional investors buy stake, shrs up

British oil company BPC Ltd said a number of well-known institutional investors bought over 272 million shares of the company after RAB Special Situations and Edgewater Estates cut their stake, sending its shares up 30 percent.

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