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Corporate Finance Balance Sheets

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  • LONDON, June 1- Standard Chartered's incoming Chief Executive Bill Winters is expected to raise capital and cut the bank's dividend later this year, potentially forced to act by a tough stress test of its Asian loans, investors and analysts said. Few believe the ex- JPMorgan rainmaker will miss the chance to bolster the balance sheet during his honeymoon at the...

  • WASHINGTON, May 29- Alpha Natural Resources Inc no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities, Wyoming officials said on Friday. "At the end of the day, the rules for self bonding are very clear," said Keith Guille, a spokesman...

  • *ECB balance sheet to expand to 3.3 trillion euros by Sept 2016. May 28- The European Central Bank will be able to meet its balance sheet expansion target and shut the asset purchase programme as planned in September 2016, a Reuters poll of economists showed on Thursday. The poll of 75 economists, taken this week, showed the ECB's total balance sheet would increase to...

  • SNB's Danthine says aware of negative rates risks Tuesday, 19 May 2015 | 12:02 PM ET

    GENEVA, May 19- The Swiss National Bank is aware of the risks posed by negative interest rates, which it has used to tame a surge in the Swiss franc, SNB vice-chairman Jean-Pierre Danthine said on Tuesday. According to an advance text of a speech in Geneva, Danthine also said the SNB could expand its balance sheet again if needed. Switzerland's central bank shocked...

  • *Non-core businesses, power stations could be sold. *Eskom has $17 bln funding gap till 2018. JOHANNESBURG, May 13- South Africa is considering either partially privatising state-owned utility Eskom or putting up some of its assets for sale in order to secure funding for the power producer and resolve an energy crisis, the Treasury said on Wednesday.

  • *Officials suggest no rush to trim $4.5 trln balance sheet. *As much as $500 bln in mortgage, Treasury bonds expire in 2016. NEW YORK/ SAN FRANCISCO, May 7- The Federal Reserve is sketching out plans to prevent an abrupt contraction in its massive balance sheet next year, when as much as $500 billion in bonds expire and risk disrupting markets and the U.S. economic...

  • *Officials suggest no rush to trim $4.5 trln balance sheet. *Some $500 bln in mortgage, Treasury bonds expire in 2016. NEW YORK/ SAN FRANCISCO, May 7- The Federal Reserve is sketching out plans to prevent an abrupt contraction in its massive balance sheet next year, when some $500 billion in bonds expire and risk disrupting markets and the U.S. economic recovery.

  • MONTREAL, May 5- Some exchange-traded funds and mutual funds might face liquidity problems if a large number of investors were to run for the exits at the same time, Bank of Canada Senior Deputy Governor Carolyn Wilkins warned on Tuesday. Among changes the Bank of Canada is proposing, Wilkins listed:. -Reducing the amount of benchmark government bonds the Bank of...

  • CALGARY, Alberta, April 20- Intermediate producer Legacy Oil+ Gas Inc formed a special committee on Monday to deal with hedge fund FrontFour Capital's move to gain seats on its board, the first major case of shareholder activism in Canada's oil patch since last year's sharp drop in crude prices. Calgary- based Legacy, which has assets in southern Alberta and light...

  • CALGARY, Alberta, April 20- Intermediate producer Legacy Oil+ Gas formed a special committee on Monday to deal with hedge fund FrontFour Capital's move to gain seats on its board, the first major case of shareholder activism in Canada's oil patch since last year's sharp drop in crude prices. Calgary- based Legacy, which has assets in the foothills of southern...

  • WASHINGTON, April 16- Alpha Natural Resources Inc, a struggling U.S. coal company, may be forced to buy costly new insurance or otherwise ensure it can cover obligations for cleaning up any abandoned mines, according to officials in West Virginia. Alpha has been allowed to leave about $262 million in cleanup liabilities uninsured in West Virginia under a federal...

  • HONG KONG, April 12- China's Evergrande Real Estate Group has cut leverage on its balance sheet over the past two years to a third by classifying some of it as equity, according to analysts' calculations based on its public filings. Evergrande, the most indebted developer among China's top 10 property firms, is seeking additional funding to expand, and a lower...

  • TOKYO, April 10-- The Bank of Japan should not expand government debt purchases under its quantitative easing programme because the central bank already monopolises the debt market and its balance sheet is extremely large, the chairman of Nippon Life Insurance Co. said. It is also unwise to assume that Japanese yields will not spike simply because domestic...

  • *Dollar resumes uptrend, weighs on Wall Street. SYDNEY, April 8- Japanese shares were probing 15- year peaks Wednesday as investors favoured Asian assets on expectations of more stimulus from countries such as China and Japan, as well as a delayed start to any tightening by the U.S. Indeed, milestones littered the region with Chinese shares at seven-year peaks and...

  • TOKYO, April 8- Bank of Japan policymakers will likely vote on Wednesday to continue their asset-buying spree launched two years ago, but with waning conviction of success as inflation slows further from their ambitious 2 percent target and the economy struggles. Its balance sheet has expanded by 156 trillion yen, roughly the size of Australia's economy.

  • HONG KONG, March 30- Chinese property developer Evergrande Real Estate Group Ltd said on Monday record sales and an increase in completed projects helped lift its 2014 core profit 16.5 percent, beating estimates. China's fourth-largest property developer by assets also forecast a pick-up in the whole sector this year, just as the central bank eased home...

  • *South32 net debt at $674 mln, well below forecasts. *Net assets $12.95 bln, based on book value. MELBOURNE/ LONDON, March 17- BHP Billiton said a proposed $13 billion spinoff of South32 would give the world's biggest miner a strong chance to ride out tough conditions in commodity markets and was a more attractive option than an asset sale.

  • *South32 net debt at $674 mln, well below forecasts. MELBOURNE, March 17- BHP Billiton has put far less debt than expected into its $13 billion South32 spin-off, positioning the company formed from its unloved assets to weather tough markets and still pay a dividend. Named for the line of latitude linking its two main centers, Australia and South Africa, South32 had...

  • Loretta Moseman and Joe Bonocore will serve as interim co-heads for Citi's treasury as the company conducts a search for a successor, Citigroup CFO John Gerspach said in an internal memo seen by Reuters. Aboaf has been a key figure in financing Citi and is familiar to institutional investors who buy Citi's debt. Aboaf restructured Citi's balance sheet to...

  • NEW YORK, March 2- E* Trade Financial Corp, the discount broker and bank that almost collapsed during the financial crisis, said on Monday it will retire $800 million of debt due in 2019 and issue $460 million of new eight-year notes at a lower interest rate. The debt restructuring cuts the company's outstanding debt Executives had publicly forecast they would...