Corporate Finance Corporate Assets

  • 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...

  • NEW YORK— The Big Apple Circus is up for sale. Buyers can put in bids by a Feb. 3 deadline. The circus said its debts amounted to $8.3 million, against assets of $3.8 million, in its Chapter 11 filing.

  • 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...

  • 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...

  • TORONTO, Jan 10- Canada's benchmark stock index rose in morning trade on Tuesday as materials stocks gained with higher commodity prices and drugmaker Valeant Pharmaceuticals International Inc surged as it sold assets. Shares in Valeant rose 9.1 percent to C $22.14 after the drugmaker said it is selling its Dendreon cancer business and three skincare...

  • Jan 9- Canada's Valeant Pharmaceuticals International Inc said its affiliate will sell its Dendreon cancer business to China's Sanpower Group Co Ltd for $819.9 million, as the drugmaker continues to shed its non-core assets to repay debt. Dendreon makes prostate cancer vaccine Provenge that was approved by the U.S. Food and Drug Administration in 2010..

  • Nonresident investors cut inflows to emerging market assets to $28 billion in 2016, with debt portfolios recording substantial outflows, the Institute for International Finance said. However, idiosyncratic events in a number of EM countries, including Turkey and India, have weighed on domestic prospects, exacerbating portfolio outflows. "

  • Non-resident investors cut inflows to emerging market assets to $28 billion in 2016, with debt portfolios recording substantial outflows, the Institute for International Finance said. However, idiosyncratic events in a number of EM countries, including Turkey and India, have weighed on domestic prospects, exacerbating portfolio outflows.

  • LONDON, Jan 3- The Turkish lira hit a fresh record low on Tuesday, pummelled by higher-than-expected inflation and security worries after militant attacks, though strong Chinese factory activity data boosted broader emerging equities to near three-week highs. That further soured sentiment towards Turkish assets, already battered by a series of militant...

  • HONG KONG/ BEIJING, Dec 30- China's appetite for foreign assets is likely to remain healthy after completed acquisitions surged 46 percent to a record $105 billion this year as mainland firms scooped up assets ranging from movie studios to football clubs. "For 2017, right now it looks like it's going to be smaller year than 2016 due to the issues around political...

  • President-elect Trump wants to repatriate $2 trillion in corporate profits

    Donald Trump's proposed "tax holiday" would grant American companies a one-time tax rate of 10% on profits made overseas.

  • NEW YORK, Dec 27- A number of global fund managers say they are buying emerging market assets for 2017 after the beating the sector has taken since the U.S. election in November, even though credit rating agencies have a less positive outlook. On Nov. 8, the date of the U.S. election, the EMBI Global year-to-date total return was 14.04 percent, and a week later, on Nov. 14, it...

  • NEW YORK, Dec 27- A number of global fund managers say they are buying emerging market assets for 2017 after the beating the sector has taken since the U.S. election in November, even though credit rating agencies have a less positive outlook. On Nov. 8, the date of the U.S. election, the EMBI Global year-to-date total return was 14.04 percent, and a week later, on Nov. 14, it...

  • WASHINGTON, Dec 19- The Federal Reserve on Monday finalized a rule requiring big banks to disclose certain liquidity measures for the first time, as part of an effort to make sure they can cover large or rapid withdrawals. Notably, banks will have to post each quarter the ratio comparing their assets that can quickly be converted to cash to their expected cash...

  • MILAN, Dec 13- UniCredit has raised the bar for other Italian banks by announcing a radical clean-up of its balance sheet through the sale of bad loans worth 17.7 billion euros. Italy's biggest lender by assets said on Tuesday that it plans to raise 13 billion euros in a share issue early next year to offset the capital hit from 8 billion euros in fourth-quarter...

  • MILAN, Dec 11- Italy's biggest bank by assets UniCredit has reached a deal to sell its asset manager Pioneer to France's Amundi for more than 4 billion euros, a source with knowledge of the matter said on Sunday. The Pioneer sale comes as UniCredit is set to announce on Tuesday a share issue worth up to 13 billion euros in what would be a major test of confidence in...

  • *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.

  • Dec 8- British outsourcer Capita said it would sell a raft of assets in a bid to protect its balance sheet after client indecision following Brexit prompted it to cut its profit forecast for the second time in three months. The group said it expected 2016 underlying profit before tax to be at least 515 million pounds, compared with a forecast made in September of...