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Corporate Finance Corporate Assets

  • BEIJING, Feb 17- China's central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy. China has relied on rapidly increasing credit to fuel economic growth in recent years, but policymakers...

  • ZURICH, Feb 16- Wealthy clients in 2016 pulled out almost $30 billion of untaxed assets from three of the world's biggest private banks, UBS, Credit Suisse and Julius Baer, taking advantage of government programmes letting them pay tax on undeclared money. With tax amnesty programmes in countries like Argentina, Brazil and Indonesia, these so-called...

  • SAO PAULO, Feb 16- State-controlled Banco do Brasil SA will put profitability first to cut a return-on-equity gap with private-sector peers, Chief Executive Officer Paulo Rogêrio Caffarelli said on Thursday, reinforcing his plan to restore the earnings power of Brazil's No. 2 bank by assets. Shares hit a record on Thursday, as guidance presented a brighter...

  • HONG KONG, Feb 15- Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory's government has been rattled by last year's Panama Papers scandal,...

  • HONG KONG, Feb 15- Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory's government has been rattled by last year's Panama Papers scandal,...

  • PARIS, Feb 9- French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, as it reported some of the biggest profits in the industry for last year and raised its dividend. Total said it made an adjusted net profit of $8.2 billion in 2016 and that on a comparable basis Shell made $7.2 billion, BP $2.6 billion and Chevron $1.8 billion.

  • LONDON, Feb 9- Fund manager Henderson Group's total assets rose 10 percent to 101 billion pounds in 2016 after market gains more than offset the impact of retail customers withdrawing money. Henderson said its planned $6 billion purchase of rival U.S. asset manager Janus Capital was on track to complete by the end of May, and it planned to pay a final dividend of...

  • PARIS, Feb 9- French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, after reporting better than expected fourth quarter net profit thanks to cost cuts, and raising its dividend. Adjusted net profit climbed 16 percent year-on-year to $2.4 billion, beating analysts' average forecast of $2.3 billion, while the quarterly...

  • LONDON, Feb 9- Fund manager Henderson Group's total assets rose 10 percent to 101 billion pounds in 2016 after market gains more than offset the impact of retail customers withdrawing money, it said on Thursday. Henderson said its planned $6 billion purchase of rival U.S. asset manager Janus Capital was on track to complete by the end of May, and it planned to pay a...

  • PARIS, Feb 9- French oil major Total said it is hunting out opportunities to buy plumb assets from struggling rivals after it reported better-than-expected fourth quarter net profits, thanks to costs savings that enabled it to raise its dividend. Total rewarded shareholders with an increased fourth-quarter dividend of 0.62 euros per share, compared with...

  • Feb 6- Eastern Outfitters LLC, the parent of discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, filed for bankruptcy protection on Sunday, the latest U.S. retailer to do so amid increased competitive pressure facing the sector. Eastern Outfitters listed assets and liabilities in the range of $100 million to $500 million, according to...

  • *China hikes short-term rates, hitting riskier assets. HONG KONG, Feb 3- Chinese stocks slumped on Friday, sending Asian markets down for their biggest losses in two weeks after Beijing unexpectedly raised short-term interest rates, adding to growing concerns about U.S. "My interpretation of the higher interest rates in China is that the regulator does not want...

  • Feb 2- Wet Seal LLC filed for bankruptcy protection on Thursday, following reports last week that the struggling teen apparel retailer had closed all its stores after it was unable to find a buyer. The Irving, California- based company listed assets of $10 million- $50 million and liabilities of $50 million- $100 million in a filing with the U.S. bankruptcy court in...

  • TOKYO, Feb 2- Asian shares touched four-month highs while the dollar sagged on Thursday after the U.S. Spreadbetters expected the European markets to be less sanguine, forecasting a slightly lower open for Britain's FTSE, Germany's DAX and France's CAC. While strong economic data from the United States and elsewhere has underpinned risk assets, uncertainty...

  • TOKYO, Feb 2- Asian shares inched up to four-month highs while the dollar was finding its feet on Thursday after the U.S. While strong economic data from the United States and elsewhere have underpinned risk assets, uncertainty and concerns over U.S. "With many of his cabinet members still not approved, including Mnuchin, Trump's occasional remarks and tweets are...

  • MILAN, Jan 30- Italy's biggest bank by assets, UniCredit, said on Monday its end-2016 capital ratios would fall short of European Central Bank requirements, highlighting the importance of its planned 13 billion euro rights issue. This is because the bank expects to book 12.2 billion euros in one-off charges in the fourth quarter- a figure already announced to the...

  • BEIJING, Jan 18- China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilize a faltering yuan. The State-owned Assets Supervision and Administration Commission said it would step up...

  • Jan 17- Limited Stores LLC, owner of U.S. women's apparel chain The Limited, said on Tuesday it filed for bankruptcy. Limited Stores also said it agreed to sell its intellectual property and some related assets to an affiliate of private equity firm Sycamore Partners. Limited Stores, which filed for Chapter 11 protection in the Delaware bankruptcy court, said on...

  • TORONTO, Jan 12- Goldcorp Inc agreed to sell its Los Filos mine in Mexico to Leagold Mining Corp in a deal valued at $438 million on Thursday, as the world's No. 3 gold miner by market value focuses more squarely on core assets. Under the transaction, Vancouver- based Goldcorp will get $279 million in cash, $71 million in Leagold shares and tax receivables worth about...

  • That would be a dramatic reversal from last year, when assets under management for bond funds surged 142 percent to 1.93 trillion yuan, while equity and balanced fund assets dropped 17 percent to 1.99 trillion yuan, according to data from Chinese consultancy Z-Ben Advisors. While China's main stock index fell 12 percent last year, yuan-denominated bonds had...