Global

GLOBAL - Financial services giant State Street is set to make 1800 staff redundant worldwide in a bid to cut costs across the group.

GLOBAL - Some 73% of fund managers say that country factors are becoming increasingly important when analysing eurozone bonds following recent breaches of the European Commission's stability and growth pact.

GLOBAL - One quarter of the world's corporate and financial institutions are trading foreign exchange products online, up from 17% at the end of 2001, according to research from Greenwich Associates.

GLOBAL - Global fixed-income trading volumes soared by an average 30% worldwide in 2002 as institutional investors ploughed into the asset class.

GLOBAL - Half the future growth of the fund management industry will come from institutional investors, Bridgewell Securities predicts.

GLOBAL - Institutional investors are ploughing into emerging market bonds, according to EmergingPortfolio.com Fund Research (EPFR). The asset class attracted net inflows of US$198m for the week-ending April 16, meaning a near 17% rise in total assets...

GLOBAL - Liquidity levels have fallen at their fastest rate since the start of the year, new fund manager data reveals.

GLOBAL - Liberty Ermitage is beckoning institutional investors into gold stocks with the launch of a new fund.

GLOBAL - European corporate governance standards are now among the highest in the world, according to a new study.

GLOBAL - Invesco, a unit of Amvescap, has received a preparation licence from the China Securities Regulatory Commission (CSRC) for its proposed joint venture fund management company with Great Wall Securities.