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Trump win creates 'considerable' uncertainty, Fed's Dudley says

NEW YORK The U.S. election of Donald Trump has created "considerable" uncertainty over the policies he will pursue so it is too soon for the Federal Reserve to judge whether its plan for gradual interest rate hikes needs adjusting, one of the most influential Fed policymakers said on Monday.

Morgan Stanley's commodities head swaps swagger for small and smart

NEW YORK Nancy King, global head of commodities trading at Morgan Stanley, has spent the last few years remodeling what used to be one of the most profitable units on Wall Street, by downsizing and focusing on smaller, smart trades for customers instead of the big, risky bets it used to make on its own account.

DoubleLine Total Return posts 3rd largest outflow since 2013 in Nov

NEW YORK The DoubleLine Total Return Bond Fund had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the "taper-tantrum" months of 2013, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday.

Hedge fund returns mixed for November after market rally

BOSTON Some big hedge funds got a bump in November after Donald Trump's surprise U.S. presidential election victory sent stocks higher, but lagged behind the broader market's gains, according to some early returns.

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U.S. seeks to reassure Beijing after Trump call with Taiwan leader

WASHINGTON/BEIJING The White House said on Monday it had sought to reassure China after President-elect Donald Trump's phone call with Taiwan's leader last week, which the Obama administration warned could undermine progress in relations with Beijing. | Video