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Corporate Finance Balance Sheets

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  • 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...

  • *QQE in place until inflation target is stably achieved- Kuroda. TOKYO, Feb 26- Bank of Japan Governor Haruhiko Kuroda said on Thursday there was no ceiling on how much the central bank would expand its balance sheet relative to the size of the country's gross domestic product. The BOJ's balance sheet has expanded to 277 trillion yen as of Wednesday, nearly...

  • TOKYO, Feb 26- Bank of Japan Governor Haruhiko Kuroda said on Thursday there was no ceiling on how much the central bank would expand its balance sheet relative to the size of the country's gross domestic product. Kuroda also said a median forecast of the BOJ's nine board members produced in January, which is for core consumer inflation to hit 2.2 percent in fiscal...

  • MILAN, Feb 12- UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet. UniCredit said on Thursday the bad loan portfolio being sold had a gross book value of 2.4 billion euros.

  • Gurría on ECB QE: 'Just do it already' Wednesday, 21 Jan 2015 | 5:10 AM ET
    Gurría on ECB QE: 'Just do it already'

    Ahead of the European Central Bank first meeting of 2015, Ángel Gurría, secretary-general at OECD says the ECB is "the last actor to join in" on quantitative easing, and they should "just do it already!"

  • Reasons behind the SNB's decision Thursday, 15 Jan 2015 | 5:45 AM ET
    Reasons behind the SNB's decision

    The Swiss National Bank has scrapped the franc's peg to the euro. Jane Foley, senior currency strategist at Rabobank, shares her thoughts on the move which has shocked markets.

  • No need for Fed to shrink balance sheet: Bernanke Monday, 19 May 2014 | 2:42 PM ET
    Federal Reserve Bank Chairman Ben Bernanke.

    Bernanke said the Fed does not need to shrink its $4 trillion-plus balance sheet for it to normalize monetary policy.

  • Deutsche Bank Unveils Forecast-Beating Earnings Tuesday, 30 Apr 2013 | 12:45 AM ET
    Deutsche Bank, Frankfurt

    Deutsche Bank said it will beef up its balance sheet with a 2.8 billion euro capital increase and unveiled forecast-beating first-quarter earnings following a wave of aggressive cost cuts.