U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

LONDON (Reuters) – Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America Merrill Lynch said on Friday, as markets tried to weigh hopes for major central bank stimulus against economic woes. Bond funds raked in $9.6 billion Continue Reading

Anheuser-Busch InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

HONG KONG (Reuters) – The world’s biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters. FILE PHOTO: The logo of Anheuser-Busch InBev is Continue Reading

Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML

LONDON (Reuters) – Global equity funds saw massive outflows this week, a sharp reversal from last week’s inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield in credit and buy safer assets like bonds. FILE PHOTO: Traders work on the floor at Continue Reading