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Corporate Finance Corporate Assets

  • 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,...

  • HARARE, April 12- Zimbabwean entrepreneurs could soon use movable assets-- including livestock and vehicles-- to secure loans from banks, according to a bill brought before the country's Parliament this week. The Movable Property Security Interest Bill, brought before lawmakers by Finance Minister Patrick Chinamasa on Tuesday, seeks to make it easier for...

  • HARARE, April 12- Zimbabwean entrepreneurs could soon use movable assets-- including livestock and vehicles-- to secure loans from banks, according to a bill brought before the country's Parliament this week. The Movable Property Security Interest Bill, brought before lawmakers by Finance Minister Patrick Chinamasa on Tuesday, seeks to make it easier for...

  • HARARE, April 12- Zimbabwean entrepreneurs could soon use movable assets-- including livestock and vehicles-- to secure loans from banks, according to a bill brought before the country's Parliament this week. The Movable Property Security Interest Bill, brought before lawmakers by Finance Minister Patrick Chinamasa on Tuesday, seeks to make it easier for...

  • HARARE, April 12- Zimbabwean entrepreneurs could soon use movable assets-- including livestock and vehicles-- to secure loans from banks, according to a bill brought before the country's Parliament this week. The Movable Property Security Interest Bill, brought before lawmakers by Finance Minister Patrick Chinamasa on Tuesday, seeks to make it easier for...

  • HARARE, April 12- Zimbabwean entrepreneurs could soon use movable assets-- including livestock and vehicles-- to secure loans from banks, according to a bill brought before the country's Parliament this week. The Movable Property Security Interest Bill, brought before lawmakers by Finance Minister Patrick Chinamasa on Tuesday, seeks to make it easier for...

  • NEW YORK, April 12- Fund investors are ousting U.S. stocks in favor of bonds and international assets as they turn skittish on an aging bull market, data from the Investment Company Institute showed on Wednesday. Investors pulled $12.7 billion from U.S.-based funds that buy domestic stocks, and plunged an additional $6.7 billion into international equity and...

  • April 12- Gold hit a 5- month high on Wednesday after rising nearly 2 percent in the previous session, with investors seeking refuge in safe-haven assets due to rising tensions over U.S. relations with Russia and North Korea. *The United States accused Russia on Tuesday of trying to shield Syria's leader from blame for a deadly poison gas attack last week, as U.S.

  • Elliott Management Corp's activist campaign to shake up Anglo-Australian mining group BHP Billiton relies on tested U.S. shareholder activism strategies to deliver one of the hedge fund's biggest ever bets on a company.

  • LONDON, April 7- Russian assets led emerging stocks and currencies lower on Friday as a U.S. missile strike in Syria spooked investors wary about risks of a clash with Russia, while emerging equities fell to three-week lows but still look to end the week in the black. Russia said the missile strike broke international law and had seriously damaged U.S.-Russian...

  • SHANGHAI, April 7- China's yuan slipped against the U.S. dollar on Friday as the U.S. launched missile strikes against a Syrian airbase, adding to an already tense backdrop as the first meeting between President Xi Jinping and U.S. Safe-haven assets rose in Asia, led by bonds and the yen, and stocks were sold off after the United States launched cruise missiles...

  • *Traders cautious ahead of U.S., China meeting. LONDON, April 6- Copper steadied on Thursday after posting its biggest daily rise in nearly two months the day before, as indications that the Federal Reserve might start paring back its vast asset holdings this year hurt appetite for cyclical assets. "The minutes from the Fed yesterday talking about reducing the...

  • MELBOURNE, April 6- London copper held gains on Thursday ahead of a meeting between U.S. Topping the agenda will be U.S.- China trade ties and U.S. requests for China to help rein in its nuclear-armed neighbor North Korea. *Poland's state-run KGHM, one of the world's biggest copper producers, will stay in Chile for the long term, and is assessing its Canadian assets,...

  • KAZAN, Russia, April 3- Mid-sized Russian bank Ak Bars is cleaning up its balance sheet with an aim to grow lending and become one of the country's top 15 banks by 2021, its deputy chief executive told Reuters. Controlled by the region of Tatarstan and currently Russia's 20th biggest bank by assets, Ak Bars is in the spotlight after the Russian central bank's...

  • NEW YORK/ BOSTON, March 31- BlackRock Inc's decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a relentless, 12- year decline in assets. The moves affect about 11 percent of its $275 billion active stock fund business but are a drop in the ocean for the company, the...

  • CALGARY, Alberta, March 30- Cenovus Energy shares had their biggest one-day percentage fall ever on Thursday as investors balked at the company's C $17.7 billion cash and stock deal to buy oil sands and natural gas assets from ConocoPhillips. The company will become the sole owner of its flagship Foster Creek and Christina Lake oil sands projects and is also...

  • TORONTO, March 30- Canada's main stock index pulled back from a one-month high on Thursday as deal-related news pressured shares of Cenovus Energy Inc and Canadian Imperial Bank of Commerce. Cenovus shares had their biggest one-day percentage fall ever, down 13.75 percent at C $15.05, after the Canadian company agreed to buy oil sands and natural gas assets...

  • CALGARY, Alberta, March 30- Cenovus Energy shares had their biggest one-day percentage fall ever on Thursday as investors baulked at the company's C $17.7 billion cash and stock deal to buy oil sands and natural gas assets from ConocoPhillips. Cenovus shares were last down 12.8 percent on the Toronto Stock Exchange at C $15.36, while ConocoPhillips shares...

  • Bankruptcy Judge Barry Schermer in St. Louis approved last week a plan by Peabody, which has valuable coal assets both in the United States and Australia, to emerge from bankruptcy in early April with about $2 billion of debt. In a notice of appeal filed with the Bankruptcy Court in St. Louis, about a dozen money managers who voted against the plan asked an appellate...

  • LONDON, March 23- Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said. The mill is owned by Algeria's Cevital Group, which has approached British financier Sanjeev Gupta,...