INVESTMENT

SMFG plans $8.7 billion share sale: sources

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Sumitomo Mitsui Financial Group , Japan's third-largest bank by assets, plans to raise up to $8.7 billion by issuing new shares to meet stricter capital requirements and for potential acquisitions in Asia, people with knowledge of the matter said.

Asia stocks hit fresh peaks, dollar steadies

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Growing confidence about the global economy lifted Asian stocks to a fresh 17-month high on Tuesday as investors continued to be drawn to riskier assets, while the dollar stabilized after a weak start to the year.
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U.S. judge bars media bonus reports in SEC/BofA case

Bank of America Corp's defense against civil charges it misled investors during its takeover of Merrill Lynch & Co suffered a setback on Monday when a judge ruled that the bank may not present as trial evidence media reports that it told shareholders to ignore.
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Wall St off to strong 2010 start on ISM data, Intel

U.S. stocks climbed on Monday, rallying in the first session of the new year, after data showed the manufacturing sector expanded for the fifth straight month and a brokerage upgrade of Intel helped lift semiconductor stocks.
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U.S. judge rejects leniency for UBS informant

A U.S. judge on Monday rejected a request to consider reducing the prison sentence of a key informant in the tax fraud case against Swiss bank UBS AG, and he ordered former UBS banker Bradley Birkenfeld to start serving his 40-month sentence as scheduled this Friday.
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U.S. considering lesser term for UBS whistleblower: report

The U.S. Justice Department is considering whether to ask a judge to reduce the jail sentence of Bradley Birkenfeld, the key informant in the U.S. tax fraud case against Swiss bank UBS AG, the New York Times said, citing a person briefed on the matter.
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Stock futures gain as oil jumps, dollar weakens

U.S. stock index futures rose on Monday, as crude oil prices rose on jitters over an oil dispute between Russia and Belarus and as Novartis moved to buy eye care group Alcon in a $39 billion deal.
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Tokyo bourse rolls out high-speed platform

The Tokyo Stock Exchange successfully launched a high-speed trading system on Monday to better compete with major global rivals in the growing field of automated trading.
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TSE targets speed with Arrowhead

The Tokyo Stock Exchange launched an accelerated trading system on Monday to better compete with major global rivals in the growing field of high-speed trading.
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Weill faults Prince, management for Citi woes: report

Former Citigroup Chief Executive Sanford Weill blamed the bank's problems on personnel decisions and faulted his successor, Chuck Prince, for letting its balance sheet balloon and taking on large risks, according to the New York Times, citing a series of recent interviews.
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Shinsei, Aozora may see merger delay: report

Shinsei Bank and Aozora Bank may have their planned merger delayed, due to difficulty integrating systems and depending on the outcome of an inspection by Japan's financial regulator, the Nikkei newspaper said.
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Macro hedge funds tipped for 2010

Hedge funds making big bets on currencies, commodities and equities are favoured by fund selectors in what is likely to be a more testing 2010 after a bumper year for hedge fund returns.
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Kohlberg Capital sued over alleged fraud

Kohlberg Capital Corp has been sued by a Michigan investor who said the investment company taken public in 2006 by a firm affiliated with buyout specialist Jerome Kohlberg fraudulently misstated the value of its portfolio.
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Strong hedge gains help end '09 on high note

For hedge funds, 2009 will be remembered as one of the industry's best ever -- a year when managers delivered strong gains after 2008's drubbing and investors returned to the fray with new money.
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Hedge fund strong gains help end '09 on high note

For hedge funds, 2009 will be remembered as one of the industry's best ever -- a year when managers delivered strong gains after 2008's drubbing and investors returned to the fray with new money.
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WaMu says tax refund may double, shares soar

Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday.

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