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India's Axis asset management suspends two fund managers for irregularities

MUMBAI, May 6 (Reuters) - India's Axis Asset Management said on Friday it has suspended two mutual fund managers as part of an investigation into potential irregularities. Axis did not elaborate on the irregularities, but said it had initiated the investigation in February and had appointed external advisers to assist. "We take compliance with appl
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UK Stocks-Factors to watch on April 28

April 28 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Thursday, with futures FFIc1 up 0.73%. * BARCLAYS: Barclays BARC.L put share buyback plans on hold due to scrutiny by U.S. regulators of a trading blunder it announced last month, piling early pressure on new CEO C.S. Venkatakrishnan. * GLENCORE: Miner and trader Glencore
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UK Stocks-Factors to watch on April 28

April 28 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Thursday, with futures FFIc1 up 0.31%. * STANCHART: Standard Chartered's STAN.L first-quarter pre-tax profit rose 6%, beating market expectations, as the emerging markets-focused lender benefited from rising interest rates and flagged a robust outlook. * SHELL: Shell SHEL
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UBS, China Life asset management venture plan in limbo as talks stall - sources

By Samuel Shen and Selena Li SHANGHAI/HONG KONG, March 24 (Reuters) - A plan by UBS UBSG.S and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at the insurer and curbs set on the scope of the business, two sources said. China Life's asset manag
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Schroders back on Britain's asset manager best practice list

By Huw Jones and Carolyn Cohn LONDON, March 10 (Reuters) - Schroders is back on Britain's code of best practice roll call for asset managers, the Financial Reporting Council (FRC) said on Thursday, after a surge of applicants underscored the intense competition to attract sustainability investments. The volume of money going into products that tout
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