GO
Loading...

Enter multiple symbols separated by commas

Corporate Finance Corporate Assets

More

  • HONG KONG, March 30- Chinese property developer Evergrande Real Estate Group Ltd said on Monday record sales and an increase in completed projects helped lift its 2014 core profit 16.5 percent, beating estimates. China's fourth-largest property developer by assets also forecast a pick-up in the whole sector this year, just as the central bank eased home...

  • MADRID, March 27- Andorra will create a' bad bank' to group the assets of Banca Privada d' Andorra linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system. Andorra, a small mountainous state whose economy relies heavily on financial services, took control of BPA this month after the U.S....

  • NEW YORK/ LONDON, March 26- Gold pared gains after hitting a 3-1/ 2- week high on Thursday, after a knee-jerk reaction to escalating tensions in the Middle East knocked stocks and drove investors into assets viewed as lower-risk, such as bullion and German bonds. Stock markets worldwide were knocked lower and oil prices jumped after Saudi Arabia and its allies...

  • LONDON, March 26- Gold rallied to a 3-1/ 2 week high on Thursday and silver rose nearly 3 percent as escalating tensions in the Middle East knocked stocks and the dollar and drove investors into assets seen as lower risk, like bullion and German bonds. European stocks tumbled 1.3 percent, the dollar fell and oil prices leapt 6 percent after Saudi Arabia and its Gulf...

  • Diebel: Not in a bond price bubble yet Tuesday, 24 Mar 2015 | 5:30 AM ET
    Diebel: Not in a bond price bubble yet

    Charles Diebel, head of macro strategy at Aviva Investors, explains why he doesn't think we're in a bond price bubble yet, despite some bond prices looking "richer" than others.

  • March 18- Casino company Caesars Entertainment Corp, whose operating unit is in bankruptcy, warned on Monday that the litigation stemming from its restructuring efforts could hamper its ability to continue operating as a going concern. Creditors have brought numerous lawsuits alleging fraud over transfers of assets out of the operating unit, Caesars...

  • *South32 net debt at $674 mln, well below forecasts. *Net assets $12.95 bln, based on book value. MELBOURNE/ LONDON, March 17- BHP Billiton said a proposed $13 billion spinoff of South32 would give the world's biggest miner a strong chance to ride out tough conditions in commodity markets and was a more attractive option than an asset sale.

  • *South32 net debt at $674 mln, well below forecasts. MELBOURNE, March 17- BHP Billiton has put far less debt than expected into its $13 billion South32 spin-off, positioning the company formed from its unloved assets to weather tough markets and still pay a dividend. Named for the line of latitude linking its two main centers, Australia and South Africa, South32 had...

  • Customers of Banco Madrid, which caters for wealthy people, rushed to empty their accounts after parent group, Andorran lender Banca Privada d' Andorra, was described by the U.S. Department of the Treasury as an "easy vehicle" for criminal gangs in Russia and China to funnel their profits. Banco Madrid had 15,000 clients with assets under management of about 6...

  • Doral Financial files for Chapter 11 bankruptcy Wednesday, 11 Mar 2015 | 11:46 PM ET

    March 11- Doral Financial Corp filed for voluntary Chapter 11 bankruptcy protection on Wednesday, saying it intends to wind down its businesses, liquidate its assets, and seek approval for a liquidation plan. Doral Financial Corp, which has retail banking operations in Puerto Rico and the United States, listed assets of $50 million to $100 million and...

  • LONDON, March 5- British fund manager Schroders Plc reported a better than expected jump in profits on Thursday, as net inflows more than tripled and assets under management rose to a record level, sending its share price to a fresh life-time high. Schroders said it took in a net 24.8 billion pounds of new investments over the year and added 12.3 billion pounds from...

  • NEW YORK, March 3- Investors yanked another $8.6 billion from the Pimco Total Return Fund last month, Pimco said on Tuesday in the latest indication the firm's flagship fund is still reeling from the sudden departure of co-founder Bill Gross last September. The fund had assets under management of $124.7 billion at the end of February, down from a peak of $292.9...

  • FACTBOX-How Europe's "bad banks" have fared Monday, 2 Mar 2015 | 12:12 PM ET

    Belgium had two major banking failures, Fortis and Dexia. With the former, toxic assets were purchased for 11.7 billion euros by a separate vehicle Royal Park Investments, owned by Fortis, the Belgian state and BNP Paribas. Credit Suisse and Lone Star Funds bought RPI's assets for 6.7 billion euros in 2013. RPI is active now only in U.S. legal disputes.

  • Qatar's Hassad Food eyes Brazilian sugar, poultry assets Wednesday, 25 Feb 2015 | 4:20 AM ET

    *Hassad Food says discussions to buy Brazil assets in early stage. "We have a lot of stuff in our pipeline and Brazil is definitely part of that, not only sugar but also poultry," Youssef Hegazy, vice president for business development at Hassad Food, said on Wednesday. "We realize there are structural issues in both industries in Brazil, like high debt," Hegazy told...

  • DETROIT, Feb 22- Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday. Wanxiang, which acquired the assets of California- based Fisker Automotive a year ago in a U.S. bankruptcy auction, had hoped...

  • Wanxiang, which acquired the assets of California- based Fisker Automotive a year ago in a U.S. bankruptcy auction, had hoped to revive the Karma this year. Fisker Automotive was an early rival of Tesla Motors Inc, but despite the backing of the U.S. government and private investors, the company failed just six years after its 2007 launch. Fisker Automotive was...

  • AMSTERDAM, Feb 19- Dutch insurer Aegon reported better than expected fourth-quarter earnings on Thursday, boosted by investment gains as the company sold off assets in preparation for Europe's new Solvency II capital rules which come into force next year. Net income jumped to 399 million euros from 157 million euros in the same period of 2013, as the company...

  • MILAN, Feb 12- UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet. UniCredit said on Thursday the bad loan portfolio being sold had a gross book value of 2.4 billion euros.

  • ZURICH, Feb 12- Swiss bank Credit Suisse on Thursday outlined measures to deal with the strong Swiss franc, as fourth-quarter net profit beat analysts' estimates. Like many big Swiss companies, Credit Suisse holds a considerable portion of assets, and derives revenue, in euros, dollars and other currencies, but reports in Swiss francs, raising its exposure to...

  • Feb 10- Valeant Pharmaceuticals International Inc will scoop up bankrupt cancer vaccine maker Dendreon Corp, after no additional qualified bids came forward by Tuesday's deadline, Valeant said. Valeant, of Laval, Quebec, will get Seattle- based Dendreon's Provenge cancer treatment and other assets for $400 million in cash. Dendreon and Valeant will seek court...