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  • LONDON, Nov 27- Emerging market assets ended the week on a sour note, with major stocks and currencies chalking up daily and weekly losses as domestic woes were compounded by new worries over the health of the Chinese economy. MSCI's broadest emerging market equity index fell 1.2 percent on the day and was on track for an almost 2 percent weekly loss.

  • NEW DELHI/ MUMBAI, Nov 24- U.S. solar company SunEdison Inc said it would sell projects in India with generating capacity of 425 megawatts to its "yieldco" TerraForm Global Inc for $231 million. Heavily indebted SunEdison said earlier this month that it would stop selling projects to its two yieldcos- dividend-paying units that hold generating assets of a parent...

  • MUMBAI, Nov 24- SunEdison Inc plans to sell solar power capacity worth about 400 megawatts in India for roughly $350 million, as the U.S.-based solar company looks to shed assets to boost balance sheet, said two sources with direct knowledge of the matter. SunEdison operates around 450 MW worth of solar plants in India, has another 800 MW under development, and...

  • NEW YORK, Nov 22- U.S. private equity firm Patriarch Partners LLC said on Sunday it filed to put the Zohar I debt fund into Chapter 11 bankruptcy to protect against efforts by MBIA Inc to obtain the assets of Zohar, which invests in Patriarch's portfolio companies. MBIA is another Zohar I creditor, Patriarch said. Patriarch is seeking court approval for a...

  • NEW YORK, Nov 22- U.S. private equity firm Patriarch Partners LLC said on Sunday it has filed for Chapter 11 bankruptcy protection for Zohar I to protect the debt fund against efforts by MBIA Inc and MBIA Insurance Corp to obtain its assets. MBIA is another Zohar I creditor, Patriarch said. Patriarch is seeking court approval for a reorganization plan that will...

  • NEW YORK, Nov 22- U.S. private equity firm Patriarch Partners LLC said on Sunday it has filed for Chapter 11 bankruptcy protection for Zohar I to protect against efforts by MBIA Inc and MBIA Insurance Corp to obtain its assets. "We believe the Chapter 11 process now presents the best way for Zohar I to restructure its finances while preserving the value of the...

  • *Sprawling litigation costs casino group $1 million a day. The acrimonious $18 billion bankruptcy has pitted junior bondholders against the casino group's parent, Caesars Entertainment, whom they accuse of pillaging the unit of its best assets before filing for Chapter 11 protection. Caesars has said the transfers were fair, but the fight has triggered...

  • SINGAPORE, Nov 13- Gold fell for a twelfth session out of thirteen on Friday, trading close to a near-six-year low on rising bets that the Federal Reserve would hike U.S. rates next month. *Spot gold was little changed at $1,084.40 an ounce by 0029 GMT, and on track to post a fourth straight weekly dip. *Assets of SPDR Gold Trust, the world's largest gold-backed...

  • TORONTO, Nov 12- Barrick Gold Corp said on Thursday it will sell its stake in four non-core assets in Nevada for $720 million, putting the Canadian mining firmly on track to meet its 2015 debt-reduction target amid a multi-year slump in gold prices. The world's largest gold producer will sell its 50 percent interest in the Round Mountain mine and 100 percent of the...

  • NEW YORK, Nov 12- Morgan Stanley, better known for underwriting bonds than for retail banking, plans to offer savings accounts and certificates of deposits next year to wring more profit from its wealth management clients, executives told Reuters. The goal is to win more of the assets that customers keep at rivals such as JPMorgan Chase& Co or Bank of America Corp....

  • SINGAPORE, Nov 11- Gold ticked up on Wednesday as the dollar pared some of its recent gains, but the metal remained under pressure near a three-month low as outflows from bullion funds and an anticipated U.S. rate hike weighed on the market. Assets in SPDR Gold Trust, the top gold-backed exchange-traded fund, fell to 663.43 tonnes on Tuesday- the lowest since...

  • *Brazil, Russia, China equity markets underperform. LONDON/ HONG KONG, Nov 10- Specialist funds dedicated to the once-vaunted BRIC quartet of emerging markets face a bleak future, as many investors have pulled out due to years of collective underperformance by the bourses of Brazil, Russia, India and China. Assets at the nine-year-old fund had plunged to below 200...

  • *Lonmin to sell 27 billion new shares. JOHANNESBURG, Nov 9- Lonmin priced its $407 million share issue at a 94 percent discount as the platinum miner fights for survival in the face of low prices and after knocking $1.8 billion off the value of its assets. Battered by strikes, rising costs and weak platinum prices, Lonmin said last month it planned to raise the money...

  • *Lonmin to sell 27 billion new shares. JOHANNESBURG, Nov 9- Platinum producer Lonmin priced its $407 million rights issue at a 94 percent discount as the firm fights for survival in the face of depressed commodity prices after writing down $1.8 billion in assets. Battered by strikes, rising costs and weak platinum prices, Lonmin said last month it planned to raise...

  • Korea Investment Corp: We're keen to diversify Sunday, 1 Nov 2015 | 8:39 PM ET
    Korea Investment Corp: We're keen to diversify

    Hank Ahn, CEO of Korea Investment Corp, explains why the wealth fund is seeking investment opportunities in alternative asset classes.

  • LONDON, Oct 22- The world's biggest oil traders are sitting on a war chest worth billions of dollars, but are reluctant to embark on a spending spree, because the pool of available assets is either too pricey or simply not for sale. Mercuria sold a 51 percent stake in Henry Bath, one of the world's oldest metals storage firms that it acquired through its purchase of...

  • UPDATE 2-HSH Nordbank strikes rescue deal with EU Monday, 19 Oct 2015 | 10:14 AM ET

    FRANKFURT/ BRUSSELS, Oct 19- HSH Nordbank has agreed a restructuring deal with the European Commission that will allow the German regional lender to offload billions of euros in troubled assets onto its government owners and avoid being shut down, saving around 2,500 jobs. The bank's owners, which bailed out HSH in the financial crisis, will have two years to...

  • *Assets slid from $1.4 bln to less than $500 mln. LONDON, Oct 16- U.S. asset manager Principal Global Investors is to shut London- based hedge fund investment firm Liongate Capital Management after fee-conscious investors withdrew too much money from its funds. Liongate, which ran $1.4 billion at the time Principal took a majority stake in 2013, had less than $500...

  • UPDATE 1-BlackRock's profit falls 8 pct Wednesday, 14 Oct 2015 | 7:09 AM ET

    Oct 14- BlackRock Inc, the world's largest asset manager, said its third-quarter profit fell 8 percent even as the firm rebounded from its first outflow in nearly three years. BlackRock's long-term net inflows rose to $35 billion from $29 billion a year earlier. BlackRock ended the quarter with $4.51 trillion in assets under management, down from $4.52 trillion...

  • LONDON, Oct 12- Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening outlook for the sector. These deep-pocketed funds-- global pension assets alone are worth over $35 trillion-- are relatively recent entrants to emerging markets, driven by the collapse in Western bond yields...