×

Corporate Finance Corporate Assets

  • 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...

  • CAPITA CUTS 2016 PROFIT FORECAST, TO SELL ASSETS@. Dec 8- British outsourcer Capita said it planned to 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 again. Capita said it would sell the majority of its Capita Asset Services division and a number of other businesses.

  • NEW YORK, Dec 2- The DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the 2013 "taper-tantrum" months, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday. The $59.2 billion DoubleLine Total...

  • Founded in 2008, it has been one of the key lenders that Trump has turned to after his relations with major Wall Street banks soured following some of his business bankruptcies in the 1990 s. New York- based Ladder had about $6.2 billion of assets on its balance sheet as of September, $2.4 billion of which were commercial real estate loans and $2.7 billion of which...

  • *Bank of England sees challenging outlook for financial system. LONDON, Nov 30- Royal Bank of Scotland will cut costs and sell assets to boost capital, it said on Wednesday after failing its Bank of England stress test, with the central bank warning of a "challenging" outlook for Britain's financial system. Shares in RBS, which was bailed out by UK taxpayers eight...

  • *Bank of England sees challenging outlook for financial system. LONDON, Nov 30- Royal Bank of Scotland will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year's Bank of England stress test, which warned of a "challenging" outlook for Britain's financial system. The bank's shares were down 2.3 percent at 192 pence by 0901...