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Corporate Finance Balance Sheets

  • SHANGHAI, March 23- China stocks ended slightly higher on Thursday, despite a slump in Shanghai B shares amid worries over tight liquidity and stepped-up regulation. Shares traded in Shanghai and Shenzhen exchanges in foreign currency are B shares, while A shares are those denominated in yuan. "The sharp drop in the Shanghai B-share market, is mainly due to...

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. "I think we are moving toward a period where we...

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. "I think we are moving toward a period where we...

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. But, Kaplan was careful to emphasize in an...

  • Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas

    The Fed should raise rates two more times this year and continue work on a plan to trim its massive balance sheet, Dallas Fed President Robert Kaplan said.

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. But, Kaplan was careful to emphasize in an...

  • RICHMOND, Va., March 21- Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that if the economic data holds up she supports the U.S. central bank taking steps that would begin to reduce its $4.5 trillion balance sheet. "In my view, if economic conditions evolve as I anticipate, I would be comfortable changing our reinvestment policy this year,"...

  • REUTERS POLL-8 OF 15 DEALERS SEE THE FED ANNOUNCING ITS BALANCE SHEET REDUCTION PLAN LATER THIS YEAR; 7 SEE IT HAPPENING IN 2018 OR LATER.

  • LONDON, March 9- Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $8.5 billion, the latest international oil major to withdraw from the costly and carbon-heavy projects. Shell is trying to sell assets totalling $30 billion to cut debt following its $54 billion acquisition of BG Group and is under investor pressure to mitigate...

  • LONDON, March 9- Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $8.5 billion, the latest international oil major to withdraw from the costly projects, which are among the most carbon heavy. Shell is trying to sell assets totalling $30 billion to cut debt following its $54 billion acquisition of BG Group and is under investor pressure...

  • BEIJING, March 9- China's total social financing, a broad measure of credit and liquidity in the economy, dropped to 1.15 trillion yuan in February from a record 3.74 trillion yuan in January, data from the central bank showed on Thursday. It can also hint at trends in China's vast shadow banking sector. China's outstanding total social financing was 160.73...

  • *Says rights issue will reduce debt ratio, reassure customers. LONDON, March 2- British engineer Cobham said it would raise 500 million pounds in a rights issue to put the company on a stronger footing after a "deeply disappointing" performance in 2016.. "Given the reality of Cobham's current financial performance and our high leverage coming into the year, we have...

  • LONDON, March 2- British engineer Cobham said it would raise 500 million pounds in a rights issue to put the company on a stronger footing after a "deeply disappointing" performance in 2016.. The company, which two weeks ago issued its fifth profit warning in 15 months, has suspended its dividend and taken charges of more than 800 million pounds.

  • LONDON, Feb 24- Pearson earned a brief respite from the turmoil in its business on Friday after the education services giant reported no further deterioration in its trading and said it would cut costs further and sell some assets. The shares were down 3 percent at 626.50 pence by 0853 GMT, following a sharp rise ahead of Friday's results. Employing 35,000 people,...

  • *2016 EBITDA $6.1 bln, just ahead of consensus. *Net debt drops to $8.5 bln; eyes $7 bln this year. LONDON, Feb 21- Anglo American aims to reinstate dividends at the end of this year after rising commodity prices helped it to boost earnings and cut debt, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed money.

  • Feb 21- Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for $1.18 billion in three separate deals. The Calgary- based company, which owns energy infrastructure assets in Canada and the United States, said it would sell the division and use the proceeds to fund growth projects.

  • *2016 EBITDA $6.1 bln, just ahead of consensus. *Net debt drops to $8.5 bln; eyes $7 bln this year. LONDON, Feb 21- Miner Anglo American aims to reinstate dividends at the end of this year after cutting net debt and improving earnings, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed the money.

  • SAO PAULO, Feb 16- State-controlled Banco do Brasil SA will put profitability first to cut a return-on-equity gap with private-sector peers, Chief Executive Officer Paulo Rogêrio Caffarelli said on Thursday, reinforcing his plan to restore the earnings power of Brazil's No. 2 bank by assets. Shares hit a record on Thursday, as guidance presented a brighter...

  • SAO PAULO, Feb 15- Grupo BTG Pactual SA will keep high capital ratios in coming quarters to prepare Latin America's No. 1 independent investment bank to grow in core activities, following a dramatic balance sheet downsizing last year, Chief Executive Officer Roberto Sallouti said on Thursday. The regulatory capital ratio at BTG Pactual's core banking unit rose...

  • SAO PAULO, Feb 15- Regardless of whether Banco do Brasil SA misses quarterly profit estimates on Thursday, Chief Executive Officer Paulo Caffarelli has won the trust of investors betting he will be able to restore the earnings power of Brazil's No. 1 bank by assets. Shares in Banco do Brasil have risen 93 percent since the federal government put Caffarelli in...