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  • Iceland to ease capital controls imposed since crash Monday, 8 Jun 2015 | 11:59 AM ET
    Reykjavik downtown, Iceland

    Iceland is to introduce a 39 percent exit tax on assets from its failed banks, as part of moves to lift capital controls.

  • REYKJAVIK, June 8- Iceland said on Monday it would impose a 39 percent tax on creditors wanting to take assets reclaimed from its failed banks out of the country, a first step to lifting capital controls that have been in place since its 2008 crash. But creditors with billions of dollars worth of assets frozen in three bankrupt lenders could launch legal...

  • Outflows since Bill Gross's abrupt departure from Pacific Investment Management Co on September 26 "have been worse than many had expected," Morningstar analysts said in their new report. The Pimco Total Return Fund alone shed more than an estimated $180 billion in net assets between mid-2013 and May 2015. David Schawel, vice president and portfolio manager of...

  • NEW YORK, June 2- The Pimco Total Return Active Exchange-Traded Fund posted net outflows of $53.9 million in May, ending the month with $2.6 billion in assets under management, according to Morningstar data on Tuesday. Pacific Investment Management Co, a unit of Germany's Allianz SE, had assets under management of $1.59 trillion as of March 31.

  • Outsized investment returns and strong inflows have seen Wellington's assets under management grow to $939 billion at the end of March from $834 billion at the end of 2013, putting it on track to join the exclusive club of money managers running more than $1 trillion by as early as this year. While smart stock picking has helped, the company's growth has also...

  • BRASILIA, May 15- Brazilian prosecutors said on Friday they have obtained court orders for the seizure of 980 million reais in assets of construction firms under investigation in a massive corruption scandal at state-run oil company Petrobras. A federal court ordered the seizure of 282 million reais in assets from one of Brazil's largest construction and...

  • *Non-core businesses, power stations could be sold. *Eskom has $17 bln funding gap till 2018. JOHANNESBURG, May 13- South Africa is considering either partially privatising state-owned utility Eskom or putting up some of its assets for sale in order to secure funding for the power producer and resolve an energy crisis, the Treasury said on Wednesday.

  • May 12- Patriot Coal Corp filed for bankruptcy protection on Tuesday, just 18 months after emerging from its previous Chapter 11, and said it was in negotiations with a potential buyer. The company listed assets and liabilities of more than $1 billion in its bankruptcy petition, which it filed in the U.S. Bankruptcy Court in the Eastern District of Virginia.

  • NEW YORK, May 5- Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday he believes the U.S. DoubleLine is based in Los Angeles, and had $73 billion in assets under management as of March 31. It has attracted net inflows of money for 15 straight months, becoming one of the prime beneficiaries of outflows afflicting Allianz SE's...

  • May 4- The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals. On Monday, Pimco said investors yanked another $5.6 billion from the Pimco Total Return Fund last month, bringing its assets to $110.4 billion at end of April. Outflows from the flagship Pimco Total Return Fund,...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis. The U.S. top court declined to hear an appeal filed by Lehman's creditors, leaving intact an August 2014 ruling by the...

  • *Some movement in Greece debt talks trims safety bids. NEW YORK, April 30- U.S. The month ended with a diminished appetite for safe-haven assets on Thursday, after Greece made its biggest concessions yet in an effort to clinch a deal with its creditors to avert bankruptcy reduced safe-haven bids for Treasuries and Bunds.

  • SHANGHAI, April 22- Issuance of Chinese asset-backed securities could triple to more than $160 billion this year, reactivating huge assets now mouldering on bank books, as Beijing streamlines procedures for firms to securitise receivables. China's tiny securitisation market has not tracked the expansion of China's $10- plus trillion economy, and banks...

  • CALGARY, Alberta, April 20- Intermediate producer Legacy Oil+ Gas Inc formed a special committee on Monday to deal with hedge fund FrontFour Capital's move to gain seats on its board, the first major case of shareholder activism in Canada's oil patch since last year's sharp drop in crude prices. Calgary- based Legacy, which has assets in southern Alberta and light...

  • CALGARY, Alberta, April 20- Intermediate producer Legacy Oil+ Gas formed a special committee on Monday to deal with hedge fund FrontFour Capital's move to gain seats on its board, the first major case of shareholder activism in Canada's oil patch since last year's sharp drop in crude prices. Calgary- based Legacy, which has assets in the foothills of southern...

  • WILMINGTON, Del, April 14- The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com. The $34 billion in assets held by the 26 companies is the second highest for a first quarter in the past decade.

  • April 10- It took Blackstone Group LP less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. As part of a wider restructuring, GE announced on Friday it would sell most of the assets of its GE Capital Real Estate unit to Blackstone and Wells Fargo& Co for about $23 billion.

  • The company listed assets of $100 million to $500 million and liabilities of $500 million to $1 billion in its petition in the Delaware bankruptcy court. EveryWare which was formed through the merger of Anchor Hocking LLC and Oneida Ltd in March 2012, markets and distributes products such as bakeware, storageware and cookware in the United States, Canada,...

  • *Dollar resumes uptrend, weighs on Wall Street. SYDNEY, April 8- Japanese shares were probing 15- year peaks Wednesday as investors favoured Asian assets on expectations of more stimulus from countries such as China and Japan, as well as a delayed start to any tightening by the U.S. Indeed, milestones littered the region with Chinese shares at seven-year peaks and...

  • NEW YORK, April 2- Investors yanked $7.3 billion from the Pimco Total Return Fund in March as Pimco's flagship fund continued to reel six months after the exit of co-founder Bill Gross. The Pimco Total Return Fund remains the world's largest bond fund, although it is now only slightly bigger than the Vanguard Total Bond Market Index fund, which has assets of $116.8...