Securities executives are trying to determine if the 12-year-old decision to narrow the price increments for American stock trading has harmed investors, according to two people with knowledge of the matter.
Bill Gross’s Pimco Total Return Fund, which lost its title as the world’s largest mutual fund in October, had its seventh straight month of withdrawals in November as investors continued to flee bonds.
BitPesa Ltd., a Kenyan start-up, will take on remittance providers like Western Union Co. by using the Bitcoin virtual currency to cut transaction costs for Kenyans working abroad who send home $1.2 billion a year.
One Alliance Insurance, the South African company that just sold Angola’s largest closely-held insurer by revenue, plans to start a re-insurance arm focused on the continent, Chief Executive Officer Robert Lewis said.
A private equity firm backed by the China Development Bank Corp. is studying the Hong Kong Mercantile Exchange Ltd., a commodities market that suspended operations this year, for investment opportunities.