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European Union agrees post-Brexit rules for hedge funds

European Union agrees post-Brexit rules for hedge funds

LONDON, July 20 (Reuters) – The European Union said on Thursday it has reached a deal on revising its rules for managers of hedge funds and other alternative investments, easing industry fears of a post-Brexit crackdown on managers in London. Representatives of EU states and the European Parliament reached the deal overnight to update the...

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Global tech stocks surge as US rally triggers a rush for winners

Global tech stocks surge as US rally triggers a rush for winners

Mumbai: The US tech stock euphoria is spilling over to the rest of the world. Beaten-down shares of tech companies – from software and IT services providers to hardware manufacturers to ecommerce plays – are making a comeback across the word, as the headline-grabbing Wall Street rally in the US prompts a relook elsewhere. The...