Corporate Finance Balance Sheets

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  • LONDON, Sept 29- Lenders remain supportive of embattled commodities trader and mining company Glencore, which has around $13 billion of liquidity available and can finance its debt maturities for two years, sources familiar with the situation said on Tuesday. Glencore's shares rose sharply on Tuesday after the company said that it remained "operationally...

  • LONDON/ JOHANNESBURG, Sept 29- Debt-laden Glencore may unload all its agricultural assets instead of just a stake, analysts said, but the commodity group is unlikely to expand its divestment programme to include top mines. On Tuesday, Glencore shares bounced and the group said it was "operationally and financially robust". Earlier this month, Glencore outlined a...

  • *Olam, Noble, Glencore experiences urge caution. LONDON, Sept 23- Unprecedented shareholder pressure over the past six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson- think twice before going public or amassing large physical assets. Noble's stock is trading near its lowest since the 2008 global...

  • Glencore slump spoils commodity trader appetite for IPOs Wednesday, 23 Sep 2015 | 6:20 AM ET

    *Olam, Noble, Glencore experiences urge caution. LONDON, Sept 23- Two shareholder revolts in the space of six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson- think twice before going public or amassing large physical assets. Noble's stock is trading near its lowest since the 2008 global financial...

  • FRANKFURT, Sept 11- John Cryan, Deutsche Bank's new chief executive, will not present "big bang" reforms at a weekend supervisory board retreat, rather an acceleration of existing plans to shed assets and exit countries. The group's 19- member top oversight body began a three-day meeting late on Thursday set to be held at the luxury Alpine resort near the Tegernsee...

  • FRANKFURT, Sept 10- John Cryan, Deutsche Bank's new chief executive, will not present "big bang" reforms when the supervisory board gathers Thursday evening, rather an acceleration of existing plans to shed assets and exit countries. The group's 19- member supervisory board convened for a three-day retreat planned for the luxury Alpine resort near the...

  • Sept 8- E* Trade Financial Inc said it would eliminate all of the $4.4 billion wholesale funding obligations from its bank's balance sheet by the end of the current quarter to make room for low-cost deposits. Shares of E* Trade, which operates a discount broker-dealer and a bank, jumped 6.4 percent to $27 in early trading on the Nasdaq. In March, it cut its outstanding...

  • *Glencore tackles debt with dividend suspension, share sale. *Glencore shares vs copper: http://link.reuters.com/tut55w. Sept 7- Mining and trading company Glencore acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid...

  • *Glencore tackles debt with dividend suspension, share sale. Sept 7- Mining and trading company Glencore acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid expansion. Facing a global rout in commodity prices, Glencore...

  • LONDON, Sept 7- European shares bounced back on Monday from sharp declines in the previous session, boosted by mining and commodities trading firm Glencore which rose after announcing plans to cut its debt. Glencore shares surged 8 percent, the top gainer in Europe, after the company said it will suspend dividends, sell assets and raise $2.5 billion in a new share...

  • *Glencore tackles debt with dividend suspension, share sale. JOHANNESBURG, Sept 7- Mining and commodities trading firm Glencore announced on Monday it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year. Glencore said on Monday 78 percent of the proposed share issue...

  • LONDON, Aug 24- Anglo American is to sell two Chilean copper mines to investment firm Audley Capital for $300 million, the company said on Monday, as it delevers its balance sheet to help combat a global slump in commodity prices. The deal includes conditional future payments which could boost the eventual price tag by $200 million, Anglo American said.

  • Aug 19- Most Federal Reserve policymakers want to maintain the U.S. central bank's massive balance sheet even after they begin raising interest rates, minutes of the most recent Fed policy-setting meeting show, and to manage any reductions carefully when the time comes. The Fed currently reinvests the proceeds from maturing Treasuries and mortgage-backed...

  • The amusement park, built three years ago in the dusty port city of Zhangjiagang, is owned by the municipal government and is being funded through a channel that until recently was being phased out by Beijing: the local government financing vehicle. These murky vehicles, which do not appear on a local government's balance sheet, are roaring back to life, funding...

  • NEW YORK, Aug 13- Goldman Sachs has sold its controversial Colombia coal mining division to privately held Murray Energy, Murray said on Thursday, concluding the Wall Street firm's divestment of physical commodity assets. Murray did not provide terms and a Goldman Sachs spokesman declined to comment on the sale price. In recent years, Goldman Sachs and Morgan...

  • Iceland to ease capital controls imposed since crash Monday, 8 Jun 2015 | 11:59 AM ET
    Reykjavik downtown, Iceland

    Iceland is to introduce a 39 percent exit tax on assets from its failed banks, as part of moves to lift capital controls.

  • 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.