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  • 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...

  • As yuan falls, China's rich seek safe havens offshore Thursday, 13 Aug 2015 | 4:28 AM ET

    SHANGHAI/ HONG KONG, Aug 13- For many in the ranks of China's wealthy, the shock devaluation in the yuan is a cause of regret- that they hadn't moved more money offshore sooner. "With the devaluation, I've just lost several hundred thousand yuan," said businessmen Tang Wei, who is moving assets out of China, partly to fund the living and schooling of his son in Canada next...

  • China, Hong Kong shares depressed as yuan slides again Wednesday, 12 Aug 2015 | 12:59 AM ET

    SHANGHAI, Aug 12- China stocks slipped on Wednesday morning, after the yuan fell sharply for a second day, fuelling fears that money could flow out of the country's equity markets into U.S. dollar assets. Hong Kong stocks also fell, taking their cue from the mainland and sluggish global markets. Chinese air carriers slumped for the second day in both China and Hong...

  • SAO PAULO, Aug 6- Grupo BTG Pactual SA is trimming assets and increasing regulatory capital ratios in an effort to weather a protracted economic downturn and political crisis in Brazil that could last for another 18 months, Chief Executive Officer AndrĂ© Esteves said on Thursday. Yet, shares sank as much as 4.5 percent, with analysts including JPMorgan...

  • UPDATE 1-Och-Ziff earnings beat estimates; shares rise Tuesday, 4 Aug 2015 | 12:45 PM ET

    BOSTON, Aug 4- Investment manager Och-Ziff Capital Management Group LLC reported a higher-than-expected quarterly profit, benefiting from strong returns in its global portfolios, and the investment manager's shares rose more than 3 percent. New York- based Och-Ziff, one of a handful of publicly traded hedge fund companies, said its assets shrunk to $46.5...

  • NEW DELHI, July 31- Planning to inject $11 billion of capital into debt-laden state banks over the next four years, India's Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion in the current fiscal year. High levels of non-performing assets in state-run banks have made it hard for the government of Prime...

  • European shares edge higher, positive earnings help Friday, 31 Jul 2015 | 4:10 AM ET

    *UCB, BNP Paribas, Natixis up after results. *Engie falls on HSBC downgrade to "hold". Natixis rose 3.3 percent after reporting a 5 percent rise in net income for the second quarter, driven by a strong increase in asset management, insurance sales and private banking, as well as continued efforts to reduce its balance sheet and risky assets.

  • July 23- Hercules Offshore Inc, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, said on Thursday it plans to file for creditor protection in about three weeks and emerge several months later with a restructured balance sheet. The company's balance sheet lists $266 million in current assets and $1.35 billion in current...

  • Grocer A&P files for bankruptcy Monday, 20 Jul 2015 | 12:28 AM ET

    July 20- Grocer A&P, formally known as the Great Atlantic& Pacific Tea Co, and certain affiliates filed for Chapter 11 bankruptcy protection late on Sunday. The company, which owns brands such as A&P, Best Cellars, Pathmark, and Superfresh, listed assets and liabilities of more than $1 billion in its bankruptcy filing. The case is in U.S. Bankruptcy Court, Southern...

  • July 16- Citigroup Inc, the third biggest U.S. bank by assets, reported its highest quarterly profit since the financial crisis as Chief Executive Michael Corbat's restructuring and cost-cutting efforts paid off and the bank's legal expenses plunged. Under Corbat, who replaced Vikram Pandit as CEO in 2012, Citi has been selling retail operations in several...

  • BANKRUPTCY PROTECTION IN CONNECTICUT@ Connecticut@. Bankruptcy court for the district of Connecticut. *Lists assets of $10 million- $50 million and liabilities of $10 million- $50 million- court filing.

  • MANILA, July 9- Gold struggled to pull away from its lowest level in nearly four months on Thursday, with China's stock rout and the Greek debt saga failing to spark safe-haven demand. "Gold also hasn't reacted very well to what's happening in Greece. Gold typically benefits from political and economic uncertainty as investors seek safe-haven assets, but the...

  • Greeks spend in droves, afraid of losing savings Wednesday, 8 Jul 2015 | 8:24 PM ET
    People read the front pages of various newspapers hanging at a kiosk in central Athens, Greece, July 7, 2015.

    Greeks have been using their debit cards to buy anything tangible that can hold its value in troubled times. The New York Times reports.

  • LONDON, July 8- British finance minister George Osborne said on Wednesday he would reduce a bank levy charged on the assets of financial institutions and replace with it with a surcharge on bank profits. Europe's biggest bank, HSBC, has said the levy will be a factor in whether it decides to keep its headquarters in Britain. Britain's stock market index of banking...

  • NEW YORK, July 2- Investors pulled $3 billion in assets from Pacific Investment Management Co's flagship fund in June, compared with $2.7 billion the previous month, in another sign Pimco is stabilizing since last fall's departure of star manager Bill Gross. The Pimco Total Return Fund had cash withdrawals of $5.6 billion in April and $7.3 billion in March,...

  • Aussie fund sells $34M Kapstream stake to Janus Thursday, 2 Jul 2015 | 12:01 AM ET

    Australian investment manager Challenger said it sold its 25% stake in global fixed income fund manager Kapstream to Janus for $34.36 million.

  • NEW DELHI, June 25- India's state social security and pension fund, undeterred by trade union resistance, will start investing in equity markets next month, the labor minister said, part of a broader push by Prime Minister Narendra Modi to move away from socialist ways rooted in decades-old labor laws. With more than $100 billion of assets from some 80 million...

  • BRUSSELS, June 22- Greece took a step back from the abyss on Monday when it presented new reform proposals that euro zone finance ministers cautiously welcomed as a possible basis for an agreement in the coming days to avert a looming default. European stock markets and Greek assets leapt on hopes of a last-minute deal to ease a crisis that is threatening to drive...

  • WASHINGTON, June 21- Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world's factory floor to a driver of innovation. Even without a treaty, China is pouring capital into U.S. research as well as buying other assets.

  • Solving the riddle of weak late-day trading Monday, 15 Jun 2015 | 6:10 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks have been weak during the last half-hour of trade. As it turns out, that's when the biggest buyers of this rally walk away.