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Corporate Finance Balance Sheets

  • CALGARY, Alberta, June 21- Cenovus Energy Inc's efforts to sell C $5 billion of energy assets, already facing a rocky road because weak oil prices are depressing the appetite for deals, has become complicated by the surprise departure of its chief executive officer, fund managers said. Brian Ferguson's announcement on Tuesday that he will step down as CEO in...

  • SHANGHAI, June 22- China's central bank will not take action to shrink its balance sheet like the U.S. Federal Reserve as it does not face the same pressures due to its use of different policy tools, an adviser to the People's Bank of China said on Thursday. "The balance sheet structures of China and the United States' are very different," he wrote in the newspaper.

  • CALGARY, Alberta, June 21- Cenovus Energy Inc's efforts to sell C $5 billion of energy assets, already facing a rocky road because weak oil prices are depressing the appetite for deals, has become complicated by the surprise departure of its chief executive officer, fund managers said. Brian Ferguson's announcement on Tuesday that he will step down as CEO in...

  • CALGARY, Alberta, June 20- Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, and its shares tumbled nearly 9 percent. "There's no natural heir, they have not done a very good job of succession planning," said Laura Lau, senior portfolio manager at Brompton...

  • CALGARY, Alberta, June 20- Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, and its shares tumbled nearly 9 percent. "There's no natural heir, they have not done a very good job of succession planning," said Laura Lau, senior portfolio manager at Brompton...

  • CALGARY, Alberta, June 20- Cenovus Energy Inc said on Tuesday it will replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets that doubled the size of the company but sent its stock plunging. Canada's third-largest oil producer failed to name a successor to Ferguson, however, pushing its stock down...

  • CALGARY, Alberta, June 20- Cenovus Energy Inc said on Tuesday it will replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, though it failed to name a successor, sending its shares tumbling 10 percent. "The whole thing just smells bad, said Norman Levine, managing director, Portfolio Management...

  • June 16- Hong Kong shares steadied on Friday after the previous session's sharp slide triggered by U.S. monetary tightening, but the benchmark index posted its biggest weekly loss in three months. The Federal Reserve raised short-term interests on Wednesday, and outlined plans to shrink the U.S. central bank's balance sheet, raising concerns about tighter...

  • Fisher: Fed is going to move very slow and cautious

    Richard Fisher, CNBC contributor and senior advisor at Barclays, discusses the Fed interest rate hikes and why they should work toward lowering the balance sheet.

  • BERN, June 15- The Swiss National Bank said on Thursday reducing its huge balance sheet was not on the agenda as political and economic risks had not yet eased sufficiently for it to move away from its ultra-loose monetary policy. Asked if the SNB was considering trimming a balance sheet bloated by currency interventions, Chairman Thomas Jordan told a media...

  • *Large Spain and France auctions add to upward pressure on yields. *Greece aid on the line as Eurogroup meets on Thursday. "The Fed has taken a cautious approach to balance sheet normalisation, but they have begun it and it's definitely a tightening of policy," said ING strategist Martin van Vliet.

  • * "Hawkish hike" from U.S. pushed yields higher in U.S. and Europe. *Greece aid on the line as Eurogroup meets on Thursday. "They have taken a cautious approach to balance sheet normalization, but they have begun it and it's definitely a tightening of policy," said ING strategist Martin van Vliet.

  • NEW YORK, June 14- Wall Streets top banks brought forward their expectations for when they think the Federal Reserve will begin reducing its $4.5 trillion bond portfolio to as early September, and see balance sheet reduction as more of a priority than another interest rate rise, a Reuters poll showed. In a June 2 Reuters poll, six of 17 primary dealers thought an...

  • NEW YORK, June 14- Wall Streets top banks pulled forward their expectations for the Federal Reserve to announce when it will begin reducing its $4.5 trillion bond portfolio to as early September after the central bank offered more details on the plan on Wednesday, a Reuters poll showed.

  • REUTERS POLL SIX OF 17 PRIMARY DEALERS SEE FED TO ANNOUNCE BALANCE SHEET REDUCTION IN DECEMBER VS 12 OF 18 DEALERS IN JUNE 2 POLL.

  • REUTERS POLL 11 OF 17 PRIMARY DEALERS SEE FED TO ANNOUNCE BALANCE SHEET REDUCTION IN SEPTEMBER VS 6 OF 18 DEALERS IN JUNE 2 POLL.

  • WASHINGTON, June 14- The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market. The initial cap for the reduction of the Fed's Treasuries holdings would be set at $6...

  • Janet Yellen, chair of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, June 14, 2017.

    CNBC's Mike Santoli talk to Jim Bianco, president of Bianco Research, and Kourtney Gibson, president of Loop Capital, about the markets following Fed Chair Janet Yellen's press conference.

  • Federal Reserve Board Chairwoman Janet Yellen speaks during a news conference following a meeting of the Federal Open Market Committee June 14, 2017 in Washington, DC.

    Gabriela Santos, vice president of global market strategist at JPMorgan, and Scott Kimball, portfolio manager at BMO, discuss Fed Chair Janet Yellen's press conference.

  • WASHINGTON, June 14- The Federal Reserve could begin trimming its holdings of bonds "relatively soon," Fed Chair Janet Yellen said on Wednesday.