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Corporate Finance Balance Sheets

  • BEIJING, Nov 24- China's banking regulator may be getting serious about how lenders provision for the more than 20 trillion yuan of wealth management products that have been issued as non-guaranteed off-balance sheet liabilities. The China Banking Regulatory Commission, in new draft rules released on Wednesday, demanded banks apply a more "comprehensive"...

  • SAO PAULO/ RIO DE JANEIRO, Nov 10- Brazilian state-controlled oil company Petróleo Brasileiro SA posted an unexpected third-quarter loss on Thursday after drastically reducing the value of oil fields and other assets amid a severe downsizing and weak oil prices. Despite that, operational and cash flow trends improved and, without an impairment, profit could...

  • SAO PAULO/ RIO DE JANEIRO, Nov 10- S tate-controlled Petróleo Brasileiro SA posted an unexpected third-quarter net loss on Thursday after drastically reducing the value of oil fields, petrochemical and logistics assets amid a severe downsizing and weak oil prices. The result came as Chief Executive Officer Pedro Parente sought to clean up a balance sheet...

  • Nov 10- ConocoPhillips, the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, executives said on Thursday. Shares of the Houston- based company fell about 1 percent to $45.21 in afternoon trading as U.S. oil prices fell about 1 percent.

  • SAN FRANCISCO, Nov 1- Tesla Motors Inc said on Tuesday its $2.6 billion merger with SolarCity Corp would add over $500 million in cash to the electric carmaker's balance sheet over next three years, while contributing over $1 billion to revenue in 2017.. Shares of Tesla edged higher in after-hours trade after tumbling in afternoon trade to close at $197.73.

  • *On track to sell $3- 5 bln of assets this year. LONDON, Nov 1- BP reported a near halving in third-quarter earnings on Tuesday and cut its 2016 investment plans by another $1 billion as weak oil prices cut into profits yet tighter spending helped the British oil major still beat analysts' estimates. To achieve a leaner balance sheet, BP said it would lower its 2016...

  • SHANGHAI, Oct 27- China stocks fell on Thursday as sentiment soured on slowing industrial profit growth, persistent yuan weakness, and growing concerns over tighter liquidity. Hong Kong shares dropped over 1 percent, dragged by energy shares on lingering worries about China's economic health and a possible U.S. rate hike in December. Further hurting sentiment,...

  • NAIROBI, Oct 26- Kenya Airways needs to extend debt repayments and make other changes to restructure its balance sheet, which would take priority over finding a strategic partner, the new chairman of the loss-making airline told Reuters. The appointment of veteran telecoms executive Michael Joseph as chairman has also lifted sentiment.

  • SHANGHAI, Oct 26- China stocks fell the most in a week on Wednesday, partly driven by lingering concerns over tighter liquidity that pushed up treasury yields, with a correction in resources shares offsetting strength in the healthcare and consumer sectors. Although yuan depreciation anxiety eased on Wednesday- the yuan is set to rise against the U.S. dollar for...

  • China's CSI300 index fell 0.2 percent, to 3,360.28 points at the end of the morning session, while the Shanghai Composite Index lost 0.4 percent, to 3,120.93 points. Although yuan depreciation anxiety eased on Wednesday- the yuan is set to rise against the U.S. dollar for the first time in five days- there are concerns about tighter liquidity as China's 10- year...

  • BEIJING, Oct 26- China's central bank will take into account off-balance sheet financing at commercial banks to assess their overall financial health, three sources with direct knowledge of the matter said late on Tuesday. The People's Bank of China will make the change to its so-called Macro Prudential Assessment risk-tool to broaden its regulatory...

  • AT&T SAYS CASH PORTION OF PURCHASE PRICE WILL BE FINANCED WITH NEW DEBT AND CASH ON AT&T'S BALANCE SHEET.

  • LONDON, Oct 12- Barclays has sold 260 million pounds' worth of salary secured loans in Italy to IBL Banca, the British lender said on Wednesday, the latest disposal of assets from its' non-core' unit that are earmarked for sale. Barclays completed the sale of its Italian retail banking network in August, as it continues to shrink its balance sheet to focus on Britain...

  • LONDON, Oct 11- Three-quarters of sovereign investors are willing to allocate more of their balance sheets to lending out securities, potentially improving liquidity in global financial markets, a survey showed on Tuesday. The survey, carried out by BNY Mellon and the Official Monetary and Financial Institutions Forum from April to July 2016, found that...

  • Oil has no ceiling, no floor, no theory: Total CEO

    Patrick Pouyanné, Total CEO, explains his view that cycles and volatility are inherent in the commodity business.

  • *Bank sells UK insurance business in $1.2 billion deal. FRANKFURT, Sept 28- The German government denied it was working on a rescue of Deutsche Bank as Germany's biggest lender boosted its balance sheet by selling its British insurance business on Wednesday. Deutsche is facing a $14 billion fine from the U.S. Department of Justice and concerns over its funding...

  • FRANKFURT, Sept 23- Innogy, the renewables, network and retail business of German utility RWE, could fetch up to 5 billion euros and raise the largest amount in an initial public offering in Europe for nine years when it lists next month. Germany's No.2 utility is pooling and listing its healthy assets-- grids, retail and renewables-- hoping to attract investors who...

  • FRANKFURT, Sept 8- When Germany's top utility E.ON lists its power generation and energy trading business Uniper next Monday, investors known as index trackers with about a quarter of the shares will sell, that much is clear. "We will see jittery investors on the first day that will seek to sell Uniper, that's quite clear," E.ON Chief Executive Johannes Teyssen said...

  • HONG KONG, Sept 4- Building up the second-biggest corporate debt pile in China does come at a cost. The aggressive leveraging of Evergrande's balance sheet by its founder and major shareholder Hui Ka Yan shows that while investors and economists have been largely focused on the mountains of debt being built up by China's state-controlled sector, the private...

  • 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.