Corporate Finance Corporate Assets

  • SHANGHAI/ HONG KONG, Aug 31- The World Bank sold its first batch of Special Drawing Right bonds in China at a yield well below those for similar Chinese bonds, highlighting Beijing's challenge in getting global recognition for its yuan currency and SDR assets. "We are not interested in SDR bonds and we can't see why Chinese investors should want these bonds since...

  • SEOUL, Aug 31- South Korea's Hanjin Shipping Co Ltd filed for court receivership on Wednesday after losing the support of its banks, setting the stage for its assets to be frozen as ports from China to Spain denied access to its vessels. Hanjin Shipping, South Korea's biggest shipping firm, announced the filing for receivership and a request to the court to freeze...

  • SHANGHAI/ HONG KONG, Aug 31- The World Bank has set an indicative yield range for its three-year Special Drawing Right bonds for sale in China at yields well below those for similar Chinese bonds, highlighting Beijing's challenge in getting global recognition for its yuan currency and SDR assets. "We are not interested in SDR bonds and we can't see why Chinese...

  • SEOUL, Aug 31- Hanjin Shipping Co Ltd said on Wednesday it would seek court receivership after losing the support of its banks, as ports from China to Spain denied access to its vessels and a rival eyed some of the South Korean container liner's assets. A bankruptcy for Hanjin Shipping would be the largest ever for a container shipper in terms of capacity, according...

  • LONDON, Aug 26- Global bond funds pulled in more fresh money in the past week, though appetite for emerging assets stuttered and European stocks extended their outflow streak to a record 29th week, Bank of America Merrill Lynch data showed on Friday. Federal Reserve chair Janet Yellen at a central bankers' gathering in Jackson Hole, where she could offer hints...

  • NEW YORK, Aug 25- Investors trimmed risk assets before a gathering of central bankers on Friday, pulling $6.4 billion from U.S.-based stock funds in a course-reversal during the week ended Aug. 24, data from Lipper showed on Thursday. The outflows, which came a week after cash poured into stock funds for the first time in five weeks, are the last data showing U.S. fund...

  • AssetMark Inc of Concord, California, agreed to pay $500,000, the largest penalty among the 13 firms, the SEC said. The penalties are based on the fees each firm earned from F-Squared's flagship "AlphaSector" strategy, a customized model for allocating investors' assets in exchange-traded funds, stocks and bonds, the SEC said. In 2014, F-Squared admitted to...

  • LONDON, Aug 12- Equity funds attracted $6.5 billion of inflows this week, the first inflows into global stocks in a month, as investors returned to U.S. markets and continued to pile into emerging assets, Bank of America Merrill Lynch said on Friday. "Sentiment getting more bullish but not yet at an extreme," BAML's global strategy team, led by Michael Hartnett in New...

  • Peabody, the biggest U.S. coal miner, filed for bankruptcy protection in April after a sharp drop in coal prices left it unable to service its $10.1 billion debt, much of it incurred for to expand in Australia. Peabody said it would review its assets in Australia to run a "smaller but more profitable" basis. The company said in May it would sell its interest in...

  • The company said on Wednesday it would also review its assets in Australia to run a "smaller but more profitable" business in the country.

  • Lipper@ NEW YORK, Aug 4- Investors ratcheted down their exposure to higher-risk assets during the week ended Aug. 3, taking $2.5 billion from high-yield bond funds in what constitutes the largest weekly withdrawal for those funds since a massive December selloff. "You see money going on the sidelines, waiting to see how things are going to shake out," said Pat Keon,...

  • NEW YORK, Aug 4- Investors ratcheted down their exposure to riskier assets during the week ended Aug. 3, pulling $3.6 billion from U.S.-based stock funds, Lipper data showed on Thursday.

  • NEW YORK, Aug 4- The SPDR DoubleLine Total Return Tactical ETF posted roughly $100 million of inflows in July, gaining more ground over the Pimco Total Return Active Exchange-Traded Fund in total assets under management, according to Morningstar data on Wednesday. The Pimco Total Return Active ETF, an actively managed intermediate-term ETF intended to mimic...

  • NEW YORK, Aug 3- The SPDR DoubleLine Total Return Tactical ETF posted roughly $100 million of inflows in July, gaining more ground over the Pimco Total Return Active Exchange-Traded Fund in total assets under management, according to Morningstar data on Wednesday. The Pimco Total Return Active ETF, an actively managed intermediate-term ETF intended to mimic...

  • Facebook logo with workers silhouette

    The social network ignored seven summonses from U.S. tax investigators seeking information about how it manages its finances across borders. Now it could owe $5 billion.

  • Aug 2- Aetna Inc said on Tuesday that it no longer planned to expand its Obamacare business next year and would sell some Medicare Advantage assets as it fights to gain antitrust regulators' approval for its takeover of Humana Inc. Aetna said its exchange-based plans for individuals had a pretax operating loss of $200 million in the second quarter, and it...

  • BUDAPEST/ WARSAW, Aug 2- Polish assets firmed on Tuesday after a long-awaited bill aimed at resolving the problem of Swiss franc-denominated loans in the banking system looked less harmful to banks than investors had feared. Prices rose further after Poland's president proposed in the bill to increase capital requirements and risk weighting ratios for...

  • BOSTON, Aug 2- Och-Ziff Capital Management Group on Tuesday reported a second-quarter loss after the largest publicly traded U.S. hedge fund company set aside $214.3 million to eventually settle bribery charges with the U.S. government. The company also said William Barr, a former U.S. attorney general, would join its board on Aug. 9. By Monday, assets had declined...

  • *Polish president to present forex-loans bill at 0900 GMT. BUDAPEST/ WARSAW, Aug 2- Polish assets firmed on Tuesday, lifted by optimism that a long-awaited bill aimed at resolving the problem of Swiss franc-denominated loans in the banking system will hurt lenders less than previously expected. The Polish president's chancellery will present a draft bill on...

  • NEW YORK, Aug 1- Gawker Media Chief Executive Nick Denton filed for personal bankruptcy protection on Monday, according to court documents that name his largest creditor as Hulk Hogan, a former professional wrestler who won a $140 million court judgment against the news website over a sex tape it posted. Denton listed assets of $10 million to $50 million and...