Corporate Finance Balance Sheets

  • MILAN, June 30- UniCredit on Thursday appointed French investment banker Jean-Pierre Mustier as its new chief executive, sources said, a choice that is likely to lead to asset sales to boost the bank's capital. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, three sources said, ending the uncertainty that...

  • CALGARY, Alberta, June 23- New rules from Alberta's energy regulator determining which companies are deemed strong enough to buy assets are off the mark in terms of fairness and transparency, Penn West Petroleum Ltd's chief executive said on Thursday. Penn West announced in June it was selling its core Saskatchewan assets for C $975 million to Teine Energy.

  • June 1- Japan's SoftBank Group Corp is not planning to use any of the funds raised from a recent sale of Alibaba Group Holding Ltd shares to buy assets put up for sale by Yahoo Inc, SoftBank President Nikesh Arora said on Wednesday. "We intend to use the capital proceeds to manage our leverage and our balance sheet, which does not include expanding and buying things in...

  • *Yusuf Alireza moving on after transformation- company. SINGAPORE, May 30- Embattled commodity trader Noble Group announced the surprise resignation of CEO Yusuf Alireza on Monday and said it planned to sell a U.S. unit to bolster its balance sheet as it seeks to regain investor confidence. It appointed senior executives William Randall and Jeff Frase as...

  • Verizon Yahoo

    Verizon is working on its bid for Yahoo's core assets with an investment bank which was, as recently as last year, one of the company's top advisers.

  • TOKYO, May 27- The Bank of Japan's earnings fell 59.3 percent in fiscal 2015 from the previous year, the first decline in five years, as gains in the yen reduced earnings on its foreign-currency denominated assets. The BOJ had 411 billion yen in net income in the fiscal year that ended in March, a statement showed on Friday. The amount of Japanese government debt on the...

  • NEW YORK/ SAN FRANCISCO, May 26- Verizon Communications Inc is working on its bid for Yahoo Inc's core assets with an investment bank which was, as recently as last year, one of the U.S. internet company's top advisers, people familiar with the matter said. The bank was listed as its lead adviser last year on a plan to spin off its 15 percent stake in China's e-commerce...

  • MADRID, May 26- Banco Popular triggered renewed concerns over the health of Spanish banks on Thursday with plans for its second 2.5 billion euro capital increase in less than four years to cope with toxic real estate assets. Spain's banks reduced their balance sheets after a property bubble burst at the end of 2008, but doubts remain about their profitability,...

  • ASTANA, May 26- Kazakh sovereign wealth fund Samruk-Kazyna plans to raise more than $6 billion from privatization over the next five years, using the proceeds to help its companies to repay its debt, the fund's managing director told Reuters on Thursday. "The balance sheet value of those assets is between $6.0- 7.3 billion at the current exchange rate," Berik...

  • KAZAKH SOVEREIGN FUND TO SELL ASSETS WITH BALANCE SHEET VALUE OF OVER $6 BLN WITHIN FIVE YEARS- EXECUTIVE.

  • May 18- The United States is considering whether to reign in a subsidy on coal mine cleanup costs and in so doing shield taxpayers from those liabilities, a leading regulator for the mining industry said on Wednesday. Environmentalists have warned officials that coal-producing states in the west left the self-bonding program open to abuse and the Office of...

  • BRASILIA, May 18- Brazil's central bank has placed nine banks under "special surveillance" and is closely monitoring the liquidity and stability of their operations, according to an undated internal bank document reviewed by Reuters. The document, labeled as a presentation prepared for a May 19 meeting of the central bank's financial stability committee,...

  • SHANGHAI, May 18- China is stepping up its crackdown on risky shadow banking with plans to rein in explosive growth of fund houses' subsidiaries- a $1.5 trillion business widely used by banks to move their loans off balance sheet to skirt regulatory oversight. The Asset Management Association of China will raise the thresholds for fund houses to establish...

  • May 10- Husky Energy said it would sell some assets in southwest Saskatchewan for C $595 million to fellow oil and gas producer Whitecap Resources Inc as it looks to raise cash. The company said on Tuesday the planned sale of several other assets in Western Canada was on track. "Over the past two months we have made significant progress on three major divestiture...

  • MOSCOW, May 10- VTB, Russia's second biggest lender, does not expect a return on 243 billion roubles of toxic assets held by its Bank of Moscow and has moved them to a specially created "bad bank", a VTB executive said. Bank of Moscow, once Russia's fifth-largest by assets, was taken over by VTB in 2011 via a number of transactions involving the City of Moscow and after...

  • REUTERS POLL- MOST PRIMARY DEALERS SEE NO MOVE BY FED TO SHRINK BALANCE SHEET BEFORE 2018.

  • May 5- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said it would sell some assets in Oklahoma to Newfield Exploration Co for $470 million as part of a plan to shore up its finances through divestitures. The company on Thursday lowered its forecast for 2016 production costs to $3.40- $3.60 per barrel of oil equivalent from $3.60- $3.80 per...

  • BEIJING, May 3- China's banking regulator, in a move to rein-in the rapidly growing' shadow loans' industry, has told commercial lenders to properly account for lending products that may appear on their balance sheets as lower-risk investments. The size of China's' shadow loan' book rose by a third to $1.8 trillion in the first half of 2015, equivalent to 16.5...

  • *Bad loans holding back banks in Italy. ROME, April 29- An unfinished hotel and empty swimming pool sit sadly on the lush hillside of Pitigliano in Tuscany, where they should have welcomed the holidaymakers who flock to central Italy. But the Tosteto spa sits even more heavily on the balance sheet of Banca Monte dei Paschi di Siena, which lent 11 million euros to the...

  • CHICAGO, April 22- West Virginia's environmental authority opposes a plan by bankrupt coal miner Alpha Natural Resources to sell core assets to its hedge fund lenders, saying in a court filing that it could undermine a $1 billion cleanup. The West Virginia regulator said in a filing that Alpha had yet to explain how it would comply with its bonding and cleanup...