News Highlights: Top Financial Services News of the Day
Why International Investors Aren't Buying Treasurys
The rise in Treasury yields should make U.S. debt more attractive to international investors still struggling with low returns at home-yet few are buying.
For Activist Investors, Board Power Depends on Where You Sit
The most popular board appointment for activists is the compensation committee, according to a Wall Street Journal analysis of agreements between activist investors and big companies from 2015 to 2017.
Indonesia Seizes Yacht Wanted in 1MDB Probe
Indonesia confiscated a luxury yacht off the island of Bali, part of a joint inquiry with the Federal Bureau of Investigation related to Malaysian state fund 1Malaysian Development.
If You Didn't Sell Stocks This Month, You've Probably Got FOMO
Individual stock investors jolted by February's market tumult said fear of missing out on the next leg of the bull market still outweighs fear of a big correction.
City Officials Want Chicago to Become a Responsible Investor
Officials in the nation's third-largest city want to make a company's record on issues like water usage, labor rights and diversity as important as creditworthiness when deciding how to invest its $8 billion operating budget.
Bank of Japan Cuts Bond Purchases Again but Doesn't Roil Markets
Markets appear to be getting the Bank of Japan's message on day-to-day bond buying, and the central bank seems to be getting the message from markets. Japan's central bank trimmed back its buying of super-long Japanese government debt Wednesday, but, unlike in early January, markets didn't swoon at its potential deeper meaning.
India's Currency Falters-and So Does Investors' Enthusiasm
Investor sentiment on emerging markets can fizzle fast: Just look at India. The rupee this month dropped 2.2% against the dollar, making it one of Asia's worst-performing currencies so far in 2018.
Man Returns to Profit
Man Group returned to profit in 2017 and had record net inflows to its funds under management.
Dina Powell, a Former Trump Adviser, Returns to Goldman Sachs
Dina Powell, who until recently served as a deputy national security adviser in the Trump White House, is returning to Goldman Sachs Group Inc.
Fidelity Posts Improved Profit
Fidelity Investments posted record revenue and profit last year as assets hit new highs and investment performance improved. In 2017 Boston-based Fidelity reported $18.2 billion in revenue, up 13.7% from the prior year.
(END) Dow Jones Newswires
February 28, 2018 11:15 ET (16:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.