World Asset Management, a specialist in quantitative investment services, has licensed a system from IT provider Charles River Developments to support its $15bn (€12.1bn) in equity and fixed-income assets. The firm will provide World, the Michigan-based division of Munder Capital Management, with automated portfolio management, order management and compliance services.

News in brief: World takes on Charles River

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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Keir Starmer initially refused to confirm if Rachel Reeves would remain in post, causing sterling and gilts to sell off sharply.

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The deal with Vietnam seeks to stop Chinese-made goods from transiting through the Southeast Asian country to avoid higher duties.

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The precision-measurement company has withdrawn its recommendation for its previously agreed takeover offer from Advent International.

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The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

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