Author: KMFSLLP

* Thyssenkrupp shares close up 4.8% in Frankfurt (Adds Cinven comment, bullet points)

* Seven execs recruited in 2015 to broaden investment expertise

The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products.

Financial services venture capital firm Anthemis has raised $90 million for a new fund that will invest in fast-growing insurance technology startups, the company said on Thursday.

Investors pulled a net $18.5 billion out of U.S. stock mutual funds and exchange-traded funds in the week ended Wednesday, the largest one-week retreat from the domestic equity market since December, according to Lipper data released Thursday.

Read More

Canada's largest stock exchange operator, TMX Group Ltd, experienced its second technical glitch in less than two years on Thursday, resulting in the shutdown of trading across three local bourses nearly two hours ahead of the scheduled closing.

The coronavirus epidemic has prompted Australian firms to cut over $500 million from profit forecasts in the current financial year, a Reuters analysis showed, as a stock sell-off sparked by the outbreak wipes billions of dollars from company valuations.

U.S. equity funds saw outflows of $18.5 billion in the latest week, according to Lipper.

Telecom Italia (TIM) on Thursday picked KKR as an exclusive partner to develop its ultra-broadband business, saying its board had taken positive note of a non-binding proposal by the U.S. investment firm.

Australian shares are set to tumble on Friday, tracking major U.S. stock indexes which briefly slipped into correction territory overnight as fears mounted over the rapid spread of the coronavirus across the globe. Governments from Iran to Australia raced to contain the outbreak's spread, with...