MONEY (MSM)

Equity funds shed $46 billion in four-week run of outflows: BAML

Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday. The exodus from emerging markets also continued, with losses extending into their ninth week due to sluggish growth and increasingly messy politics in a range of developing countries. Emerging equity funds shed

Equity funds shed $46 billion in four-week run of outflows: BAML

Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday. The exodus from emerging markets also continued, with losses extending into their ninth week due to sluggish growth and increasingly messy politics in a range of developing countries. Emerging equity funds shed

China tells U.S. to stop "groundless" hacking accusations

China reacted angrily on Friday following a call by America’s top intelligence official for cyber security against China to be stepped up, and said the United States should stop “groundless accusations”. Director of National Intelligence James Clapper said the United States must beef up cyber security against Chinese hackers targeting a range of U.S. interests to raise the cost to China of engaging in such activities.

China tells U.S. to stop "groundless" hacking accusations

China reacted angrily on Friday following a call by America’s top intelligence official for cyber security against China to be stepped up, and said the United States should stop “groundless accusations”. Director of National Intelligence James Clapper said the United States must beef up cyber security against Chinese hackers targeting a range of U.S. interests to raise the cost to China of engaging in such activities.