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Corporate Finance Balance Sheets

  • 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...

  • SAO PAULO, Feb 15- Profit at Grupo BTG Pactual SA fell in the fourth quarter, as revenue in most business lines declined in the wake of a dramatic balance sheet downsizing at Latin America's largest independent investment bank. It tumbled 47 percent from the same quarter of 2015, when the São Paulo-based bank struggled with fallout from the arrest of founder and...

  • BEIJING, Feb 14- China's total social financing, a broad measure of credit and liquidity in the economy, surged to 3.74 trillion yuan in January from 1.63 trillion yuan in December 2016, data from the central bank showed on Tuesday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public...

  • PARIS, Feb 9- French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, as it reported some of the biggest profits in the industry for last year and raised its dividend. Total said it made an adjusted net profit of $8.2 billion in 2016 and that on a comparable basis Shell made $7.2 billion, BP $2.6 billion and Chevron $1.8 billion.

  • PARIS, Feb 9- French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, after reporting better than expected fourth quarter net profit thanks to cost cuts, and raising its dividend. Adjusted net profit climbed 16 percent year-on-year to $2.4 billion, beating analysts' average forecast of $2.3 billion, while the quarterly...

  • PARIS, Feb 9- French oil major Total said it is hunting out opportunities to buy plumb assets from struggling rivals after it reported better-than-expected fourth quarter net profits, thanks to costs savings that enabled it to raise its dividend. Total rewarded shareholders with an increased fourth-quarter dividend of 0.62 euros per share, compared with...

  • MILAN, Feb 6- UniCredit was hit by a slump in Italian banking stocks on Monday as it began Italy's biggest corporate share sale in an attempt to raise 13 billion euros to rebuild its capital after a balance sheet clean up. UniCredit's shares held up relatively well after the bank launched its rights issue, but closed down 6.9 percent at 12.21 euros, while Italy's...

  • MILAN, Feb 6- UniCredit began Italy's biggest corporate share sale on Monday in an attempt to raise 13 billion euros to rebuild the bank's capital after a balance sheet clean up. Banks in Italy have been struggling to deal with bad loans left behind by a deep recession, leading to a series of capital raisings and consolidation in the sector as Rome tries to steady...

  • MILAN, Feb 6- UniCredit began Italy's biggest corporate share sale on Monday in an attempt to raise 13 billion euros to rebuild the bank's capital after a balance sheet clean up. Banks in Italy have been struggling to deal with bad loans left behind by a deep recession, leading to a series of capital raisings and consolidation in the sector as Rome tries to steady...

  • TOKYO, Feb 2- Asian shares touched four-month highs while the dollar sagged on Thursday after the U.S. Spreadbetters expected the European markets to be less sanguine, forecasting a slightly lower open for Britain's FTSE, Germany's DAX and France's CAC. While strong economic data from the United States and elsewhere has underpinned risk assets, uncertainty...

  • TOKYO, Feb 2- Asian shares inched up to four-month highs while the dollar was finding its feet on Thursday after the U.S. While strong economic data from the United States and elsewhere have underpinned risk assets, uncertainty and concerns over U.S. "With many of his cabinet members still not approved, including Mnuchin, Trump's occasional remarks and tweets are...

  • NEW YORK/ LONDON, Feb 1- Gold gave up some of its losses on Wednesday as the dollar pared gains after the U.S. "Gold largely recovered the day's losses after a remarkably bland FOMC statement, which contained no murmurs of upcoming rate hikes or even consideration of balance sheet reduction while providing the barest nod to inflation going back to 2 percent," said Tai...

  • MILAN, Jan 30- Italy's biggest bank by assets, UniCredit, said on Monday its end-2016 capital ratios would fall short of European Central Bank requirements, highlighting the importance of its planned 13 billion euro rights issue. This is because the bank expects to book 12.2 billion euros in one-off charges in the fourth quarter- a figure already announced to the...

  • NEW YORK, Jan 20- A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations. "The company has taken a decisive step to rightsize its balance sheet," Pat Nash, one of the...

  • BEIJING, Jan 12- China's total social financing, a broad measure of credit and liquidity in the economy, fell slightly to 1.63 trillion yuan in December from 1.74 trillion yuan in November, data from the central bank showed on Thursday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial...

  • MOSCOW, Jan 10- Major Russian banks fear a loss of business when large companies gain direct access to currency and money markets next week under new rules that supporters say will boost liquidity on the Moscow Exchange. "This is an impersonation of the role of banks," said Oleg Gorlinsky, head of treasury at VTB, Russia's second largest bank. While banks are unhappy...

  • FED'S ROSENGREN SAYS FED SHOULD CONSIDER TRIMMING BALANCE SHEET- INTERVIEW.

  • HARTFORD, Conn., Jan 9- The Federal Reserve should consider trimming its $4.5 trillion balance sheet to help raise interest rates more quickly and reduce the negative impact on the economy of a stronger dollar, Eric Rosengren, president of the Boston Fed, said on Monday. "There are some benefits to actually tightening not just on short rates but also possibly on long...