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  • New York- based BlackRock said on Thursday the revenue it takes in from fees for managing money and lending out securities fell 1.8 percent to $2.49 billion from the same period a year ago, even as the total assets it manages rose to nearly $5 trillion. On June 23, Britain's shock vote to leave the European Union briefly sent the financial markets into a tailspin.

  • *Bank sold stakes in units worth 1.1 billion euros this week. Italy's biggest bank by assets said on Monday it would conduct a strategic review of all its assets under new Chief Executive Jean-Pierre Mustier to try to improve profitability and its capital position. "We have to look at a capital increase because I don't believe that the European Central Bank will...

  • LONDON, July 14- Emerging markets-focused fund manager Ashmore posted a $1.3 billion rise in fourth-quarter assets under management due to improved investment performance, the firm said on Thursday. Assets under management rose to $52.6 billion in the quarter ended June 30, compared with $51.3 billion in the previous quarter, Ashmore said in a statement.

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • SAO PAULO, June 30- Oi SA,. Brazil's largest fixed-line telephone carrier, plans to start meetings with bondholders and banks next week as part of the country's biggest-ever bankruptcy protection process, Chief Executive Marco Schroeder said on Thursday. The phone carrier does not plan to sell Brazilian assets, but may divest from African companies previously...

  • MILAN, June 30- UniCredit on Thursday appointed French investment banker Jean-Pierre Mustier as its new chief executive, sources said, a choice that is likely to lead to asset sales to boost the bank's capital. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, three sources said, ending the uncertainty that...

  • LONDON, June 28- China's central bank, the People's Bank of China, has remained the world's biggest sovereign asset holder, with more than $3.4 trillion on its books, despite suffering a 12 percent slump in the value of its assets in 2015, a new report showed on Tuesday. The annual report- compiled in its third year by the Official Monetary and Financial Institutions...

  • CALGARY, Alberta, June 23- New rules from Alberta's energy regulator determining which companies are deemed strong enough to buy assets are off the mark in terms of fairness and transparency, Penn West Petroleum Ltd's chief executive said on Thursday. Penn West announced in June it was selling its core Saskatchewan assets for C $975 million to Teine Energy.

  • LONDON, June 23- Emerging assets were broadly firmer on Thursday, though eastern European markets seesawed as voting got under way in Britain's hotly contested EU membership referendum. Assets across much of eastern Europe- the region with the most direct economic links not only to Britain but also with the euro zone- painted a mixed picture.

  • CHICAGO, June 20- The U.S. Department of Justice has opposed a plan by coal producer Alpha Natural Resources to sell valuable assets to its creditors, which it said puts significant mine cleanups at risk, according to a court filing on Monday. The government does not plan to approve the transfer of any federal lease or contract unless cleanups are assured, the...

  • *China outbound M&A deals announced in 2016 at $111.6 bln. HONG KONG, June 20- In less than six months of 2016, China's appetite for overseas acquisitions has already outgrown last year's record, as deal-hungry mainland buyers chase global assets such as real estate, chemicals and high-end technology. China National Chemical Corp's $43 billion bid for Swiss...

  • LONDON, June 17- Just as China's $10 trillion bond and equity markets appear to be on the cusp of joining global indexes, investors who long sought free access to these assets have started to worry that any returns would be hit by a weakening yuan. Many were disappointed by MSCI's decision this week to keep China's mainland listed A-shares off its emerging market...

  • *614 bln yen flows into stocks and mutual funds in Jan-March. TOKYO, June 17- Japanese households put more money into stocks and mutual funds in the January to March quarter but the value of their assets fell for the first time in more than five years due to a stronger yen and weakening stock market, data showed on Friday. The Bank of Japan data showing tentative signs...

  • NEW YORK, June 16- Pacific Investment Management Co plans to cut about 3 percent of its workforce in the wake of a drop in assets under management since the 2014 departure of co-founder Bill Gross, according to an internal document obtained by Reuters Thursday. Pimco's assets stood at $1.5 trillion as of March 31, down from a peak of about $2 trillion in the first...

  • NEW YORK, June 16- Pacific Investment Management Co plans to cut nearly three percent of its workforce as assets under management have fallen since the September 2014 departure of co-founder Bill Gross, a source familiar with the situation said on Thursday. Pimco's assets stood at $1.5 trillion as of March 31, down from a peak of about $2 trillion in the first...

  • June 10- Gawker Media LLC. *Says its estimated liabilities are worth $100 million to $500 million. *Says its estimated assets are worth between $50 mln- $100 mln.

  • Gawker Media said its assets are estimated to be worth $50 million to $100 million, whereas its liabilities are estimated to be between $100 million and $500 million.

  • FRANKFURT, June 6- Shanghai Yiqian Trading Company is to buy Hahn airport in Germany to secure a base for food exports as well as passengers heading to and from Asia, a deal highlighting China's increasing appetite for overseas infrastructure assets. The planned purchase of an 82.5 percent stake in Hahn from federal state owners for a low double-digit million...