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Corporate Finance Business Capital

  • MILAN, Jan 30- UniCredit said it expects to book a net loss of around 11.8 billion euros for 2016 and fall short of European Central Bank capital requirements, highlighting the importance of a planned 13 billion euro rights issue. Italy's biggest bank, which could launch its share sale as early as Feb. 6, said on Monday that its Common Equity Tier 1 ratio- a key measure...

  • *Egypt launches first gold-mining tender since 2009. *Three foreign players active in Egypt say they won't bid. But mining companies active in Egypt and Africa say the new exploration round, which offers five concession areas and closes on April 20, is unlikely to lure investors because of commercial terms they say are among the least attractive in the world.

  • So-called unicorns, private firms with valuations over $1 billion, have seen surging investment from mutual funds in recent years. "Specifically, we find that mutual-fund-participating investment rounds are associated with both fewer cash-flow rights and fewer control/voting rights across many dimensions," Sergey Chernenko of Ohio State University,...

  • NEW YORK, Dec 19- A small, but rapidly growing number of digital technology start-ups is raising cash by creating and selling their own currencies in offerings that bypass banks or venture capital firms as intermediaries and are outside the reach of financial regulators. Investors are being drawn in on hopes that such "initial coin offerings" will match or...

  • MILAN/ LONDON, Dec 13 (Reuters)- European shares rose on Tuesday, helped by a rally in Italy's biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever. Mediaset surged 31.9 percent, the biggest gainer in Europe, after French media group Vivendi said it owned a 3 percent stake in the...

  • LONDON, Dec 13- Italian banks surged in choppy trading on Tuesday, supported by Unicredit's latest efforts to bolster its balance sheet and a surge in Mediaset on takeover speculation. Italy's banking index rose more than 3 percent, helped by a 7 percent rise in UniCredit after it unveiled plans to raise 13 billion euros in the country's biggest share issue.

  • *Cuts 2016 profit forecast for second time in three months. *Outlook next year still tough. EDINBURGH, Dec 8- British outsourcer Capita said it would sell assets and trim costs in a bid to protect its balance sheet after Brexit-related client indecision prompted it to cut its profit forecast for the second time in three months.

  • *But now Lisbon aims to copy Berlin's success. Already Lisbon has earned the right to host Europe's biggest tech conference, Web Summit, this month. Lisbon is a small speck in the universe of Europe's startup giants like London and Berlin, not least due to an acute shortage of venture capital in the Portuguese economy, which remains slow growing and heavily...

  • Japan's core machinery orders fell 2.2 percent in August from the previous month, in a sign of fragility in capital expenditure.

  • Capex in Japan has been disappointing: Economist

    Japanese companies have been making record profits but capital expenditure remains weak, says Japan Macro Advisors' Takuji Okubo.

  • Eurogroup president Jeroen Dijsselbloem discusses the relationship between the American authorities and European banks.

  • Deutsche Bank possibly seeking capital injection

    Rumors circulate that embattled German lender Deutsche Bank may be looking to raise capital in the face of a $14-billion penalty.

  • SAN FRANCISCO, Oct 6- Venture capitalists poured $15 billion into startups in the third quarter, putting this year on pace to be the third largest ever for investment activity, according to a report released on Thursday. So far this year, venture-backed companies have raised $56 billion across nearly 6,000 funding deals, according to a report from venture...

  • Deutsche Bank needs to raise its capital ratio: expert

    Richard Portes, president for the Centre for Economic Policy Research, says the bank is not in trouble in the short-term, but needs more capital.

  • Banks are facing multiple headwinds: Strategist

    Antonin Jullier, global head of equity trading strategy at Citi, talks about the problems facing banks to attract capital.

  • No news is considered good news by investors, who sent the Nikkei up 1 percent after the closely watched BOJ survey.

  • Don't underestimate the Japanese economy: Expert

    Japanese corporates are sitting on huge amounts of capital, which could be used to boost the Japanese economy, says the Milken Institute's Kotaro Tamura.

  • *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...

  • SAO PAULO, Sept 21- BR Properties SA is analyzing whether to raise capital through a share offering, Chief Executive Martin Jaco said on Wednesday, a sign that the Brazilian commercial real estate company is preparing for potential acquisitions in coming months. São Paulo-based BR Properties sees a so-called follow-on equity offering as a feasible way to...

  • MILAN, Sept 9- Italian bank Monte dei Paschi plans to appoint a new chief executive in the next few days to lead a 5 billion-euro capital raising which is needed to stave off the risk of the world's oldest bank being wound down. The Tuscan bank may need one or two more days to get informal approval for the new CEO from the European Central Bank, the source added.