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Corporate Finance Corporate Assets

  • *Fed minutes scheduled to be released at 2 p.m. ET. U.S. interest rates futures were steady ahead of the minutes, due at 2 p.m. ET. "The real take from the Fed is that a June rate hike still seems to pretty much baked in the cake, but I'm going to be looking at guidance as how they expect to start spending down their excess assets," said Brad McMillan, chief investment officer for...

  • PARIS, May 24- BNP Paribas plans to increase the assets run by its fund management arm by 5 percent a year to 2020 and speed up the development of the business in Germany, China and the United States. It also plans to rebrand BNP Paribas Investment Partners to BNP Paribas Asset Management from June 1. This brand will cover around 80 percent of its business, while the...

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • BOSTON, May 12- Hedge fund Passport Capital, which once grabbed headlines with triple digit returns, has been hit with fresh losses and its assets continue to shrink, the firm's founder told investors in a letter seen by Reuters on Friday. Assets at the San Francisco- based firm contracted to $2 billion at the end of April, half of what it had managed only a few years...

  • MILAN, May 11- UniCredit beat expectations with a jump in first-quarter net profit to 907 million euros on Thursday as new boss Jean Pierre Mustier leads a turnaround at Italy's biggest bank by assets. He started selling assets and embarked on a clean-up of the balance sheet that led to a loss of 12 billion euros in 2016.. First-quarter net income topped an average...

  • MILAN, May 11- UniCredit beat expectations with a jump in first-quarter net profit to 907 million euros on Thursday as new boss Jean Pierre Mustier leads a turnaround at Italy's biggest bank by assets. Net income came in well above an average forecast of 612 million euros in an analyst consensus provided by the bank and rose 41 percent from a year-earlier quarter...

  • MILAN, May 11- Unicredit, Italy's biggest bank by assets, posted on Thursday a first-quarter net profit of 907 million euros, topping expectations due to rising revenues and lower loan losses as a turnaround under new Chief Executive Jean Pierre Mustier gathered pace. Net income came in well above an average forecast of 612 million euros in an analyst consensus...

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    Companies having too much cash on hand is almost as bad as having too little when it comes to auguring future returns to shareholders.

  • As of March 31, the company had debt of $20.37 billion and total assets of $12.27 billion. IHeart, formerly known as Clear Channel Communications Inc, was taken over by private equity firms BainCapital LLC and Thomas H. Lee Partners through a leveraged buyout in 2008 for $26.7 billion, piling up the company with huge debts. The company, which hosts syndicated radio...

  • NEW YORK/ LONDON, May 2- Gold prices fell to a three-week low on Tuesday, as demand for riskier assets drove stocks higher and the dollar hit a six-week peak against the yen. "Risk appetite is back," said Societe Generale analyst Robin Bhar. Spot gold was down 0.1 percent at $1,255.43 an ounce.

  • LONDON, May 2- Gold on Tuesday fell to a new three-week low, bringing losses this week to more than one percent, as demand for riskier assets drove stocks and U.S. treasury yields higher and the dollar hit a six-week peak against the yen. "Risk appetite is back," said Societe Generale analyst Robin Bhar. at 1242 GMT, having hit $1,251.88 an ounce, the lowest since.

  • VIENNA, May 2- Austria's Financial Market Authority has increased its forecast of how much will be earned from the sale of assets in its wind-down of "bad bank" Heta Asset Resolution to 8.6 billion euros. Tuesday's estimate of a 2.6 billion euro increase, from a previous forecast of 6.0 billion euros, is a boon to the Austrian state, which loaned the southern province...

  • LONDON, May 2- Gold hovered close to a three-week low on Tuesday as demand for riskier assets drove stocks and U.S. treasury yields higher and the dollar hit a six-week peak against the yen. Spot gold was down 0.1 percent at $1,255.02 an ounce at 1045 GMT, while U.S. gold futures were up 0.1 percent. Gold on Monday fell 0.9 percent and touched $1,253.66 at one point, its...

  • CALGARY, Alberta, April 28- As global oil majors pull out of Canada's oil sands, domestic companies are buying up assets and betting technology and economies of scale will enable them to turn a profit despite low crude prices. Three of Canada's biggest oil and gas companies reported first-quarter earnings and held annual general meetings this week, in which they...

  • BEIJING, April 28- Bank of China Ltd, the country's fourth-biggest lender by assets, posted flat first-quarter net profit growth on Friday, missing estimates as bad loans weighed on its balance sheet. Profit was 46.6 billion yuan in the three months ended March 31, flat from 46.6 billion yuan a year earlier. Its NPLs topped 150.3 billion yuan at end-March compared...

  • CALGARY, Alberta, April 23- Canada's Cenovus Energy Inc has said it may sell parts of the Deep Basin natural gas assets it recently bought from Houston- based ConocoPhillips, Royal Bank of Canada analysts wrote in a research note on Sunday. Cenovus Chief Executive Brian Ferguson held a conference call with analysts last Friday, and the oil company "signaled that it...

  • Meanwhile, lawmakers who attended a meeting with Brazilian President Michel Temer on Sunday said he was sticking with his plans to push the pension overhaul through Congress by July. Despite the gains in Brazil, escalating tension between the United States and North Korea, depressed investor appetite for higher-yielding, emerging market assets.

  • NEW YORK, April 13- Investors' risk aversion was on display this week as geopolitical tensions sent new money into safe-haven assets such as government-Treasury as well as gold funds, Lipper data revealed on Thursday. Taxable bond funds attracted $1 billion in new cash to mark their fourth straight week of inflows, with $396 million going into U.S.-based...

  • April 13- ConocoPhillips, the largest U.S. independent oil producer, said on Thursday it would sell natural gas-heavy assets in San Juan basin to privately held Hilcorp Energy Co for about $3 billion. The assets, which span New Mexico and Southwestern Colorado, produced 124,000 barrels of oil equivalent per day, about 80 percent of which was natural gas,...