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- The European Central Bank (ECB) and FINMA approve the strategic partnership between Fideuram – Intesa Sanpaolo Private Banking and REYL & Cie - As part of...
What’s new? Turkey and Greece have returned to talks after their mid-2020 dispute over sovereignty in the eastern Mediterranean Sea devolved into the longest-lasting military face-off since the 1970s. The discussions could help the parties de-escalate tensions and move from brinkmanship to dialogue. Why did it happen? Tensions flared in 2019-2020 when Ankara – seeking a say in energy projects – sent seismic research ships to waters contested with Greece and the Republic of Cyprus, intervened in Libya’s civil war and signed a maritime delimitation deal with Tripoli. Turkey’s riva...
Key Takeaways Equity mutual funds broke an almost year-long streak of weekly outflows as investors added a rare $1.2 billion into these products in the week ended February 10. There have been only 14 weeks since the beginning of 2018 when equity mutual fund managers collectively had fresh cash to work with instead of dealing with redemptions. In the last three calendar years, investors pulled $1.3 trillion out of equity mutual funds, with $1.1 trillion flowing into ETFs. CFRA does not expect the momentum to end — as more asset managers are offering investors a choice of structures run by th...