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Corporate Finance Corporate Assets

  • SAO PAULO/ RIO DE JANEIRO, Nov 10- S tate-controlled Petróleo Brasileiro SA posted an unexpected third-quarter net loss on Thursday after drastically reducing the value of oil fields, petrochemical and logistics assets amid a severe downsizing and weak oil prices. The result came as Chief Executive Officer Pedro Parente sought to clean up a balance sheet...

  • Nov 10- ConocoPhillips, the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, executives said on Thursday. Shares of the Houston- based company fell about 1 percent to $45.21 in afternoon trading as U.S. oil prices fell about 1 percent.

  • LONDON, Nov 4- The possibility of a U.S. election win for Donald Trump has driven investors into safe-haven assets, Bank of America Merrill Lynch said on Friday, noting huge junk bond outflows and inflows to government bond funds for the first time in 17 weeks. Ahead of the Nov. 8 election, polls are showing Democrat Hillary Clinton neck-and-neck with Republican...

  • *End-September assets under management 375 bln stg. LONDON, Nov 3- Schroders, Britain's biggest independent listed fund manager, reported a 9.1 percent rise in third-quarter assets on Thursday, boosted by investment and currency gains after a slide in the value of sterling. The firm, which can trace its history back 200 years, is the latest asset manager to get a...

  • NEW YORK, Nov 1- The $61.6 billion DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $33.2 million in October, the first cash withdrawals since January 2014, while DoubleLine Funds overall posted 33 months of inflows, the firm said on Tuesday. It is run by Jeffrey Gundlach, chief executive officer and chief investment...

  • NEW YORK, Nov 1- The $61.6 billion DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $33.2 million in October, the first cash withdrawals since January 2014, the firm said on Tuesday. It is run by Jeffrey Gundlach, chief executive officer and chief investment officer of DoubleLine Capital, and Philip Barach, its...

  • NEW YORK, Nov 1- The $61.6 billion DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $33.2 million in October, the first cash withdrawals since January 2014, the firm said on Tuesday. The DoubleLine Total Return Bond Fund is an open-end intermediate-term bond fund that invests primarily in mortgage-backed...

  • *On track to sell $3- 5 bln of assets this year. LONDON, Nov 1- BP reported a near halving in third-quarter earnings on Tuesday and cut its 2016 investment plans by another $1 billion as weak oil prices cut into profits yet tighter spending helped the British oil major still beat analysts' estimates. To achieve a leaner balance sheet, BP said it would lower its 2016...

  • BRASILIA/ SAO PAULO, Oct 25- Brazil saw nearly $1.6 billion in net financial inflows between Wednesday and Friday of last week, a senior central bank officials said, as flows spiked ahead of the end-month expiry of an amnesty for the repatriation of irregular assets held abroad. The head of economic research at Brazil's central bank, Tulio Maciel, told reporters on...

  • Oct 20- BNY Mellon Corp CEO Gerald Hassell said on Thursday he expects to see more consolidation in the asset management industry and did not rule out that the world's largest custody bank could be a buyer in a market that is punishing actively managed funds. BNY Mellon's investment management business has about $1.7 trillion in assets and includes Dreyfus...

  • Oi's bankruptcy filing, the largest in Brazil's history, added a sense of urgency to fixing the framework, in which assets go back to the state when the license ends, said Igor de Freitas, a board member at industry watchdog Anatel. Executives at TIM Participações SA and Telefónica Brasil SA have listed regulatory overhaul as a key condition for them to invest...

  • Prime fund assets for institutional investors fell by $34.22 billion to $131.27 billion in the week ended Oct. 18, while institutional government-only fund assets rose by $21.9 billion to $1.57 trillion, according to the report, published by iMoneyNet. These SEC rules are aimed to safeguard the sector from the market turbulence such as that seen after the...

  • NEW YORK, Oct 18- Foreigners bought long-term U.S. securities for a second straight month in August, data from the U.S. Offshore investors purchased $48.3 billion in long-term U.S assets in August after buying $102.8 the previous month. Including shorter-dated securities, overseas investors bought $73.8 billion, after buying $118 billion in July.

  • *Asia Pacific assets account for about 14 pct of total. HONG KONG/ SINGAPORE, Oct 14- Deutsche Bank has seen some outflows from its wealth management division but the withdrawals were not significant, senior executives told Reuters, responding to concerns about the impact of a U.S. fine on the German lender. The bank has also lost its head of Asia Pacific wealth...

  • SEOUL, Oct 13- South Korea's Hanjin Shipping Co Ltd is selling major businesses, including its Asia to U.S. route network, and will receive letters of intent by Oct. 28, the company said on Thursday. Hanjin Shipping received court approval to seek buyers for assets in order to pay back creditors now in the process of making claims until Oct. 25. A spokesman for the Seoul...

  • Money in institutional prime funds, which can invest in riskier securities in addition to government debt, declined by $57.84 billion to $165.49 billion in the week ended Oct. 11. In the prior week, their assets fell by $122.30 billion, the largest single-week drop since Reserve Primary Fund's share value fell below $1 or "broke the buck" shortly after Lehman's...

  • LONDON, Oct 12- Barclays has sold 260 million pounds' worth of salary secured loans in Italy to IBL Banca, the British lender said on Wednesday, the latest disposal of assets from its' non-core' unit that are earmarked for sale. Barclays completed the sale of its Italian retail banking network in August, as it continues to shrink its balance sheet to focus on Britain...

  • LONDON, Oct 12- Emerging stocks slipped to nearly two-week lows on Wednesday, hit by dollar strength and global equity falls, while South African assets hovered near multi-week lows on worries the country's finance minister could be forced from office. MSCI's emerging equity index was also pressured by continued weakness in one of its biggest constituents,...

  • LONDON, Oct 11- Emerging market stocks posted their biggest daily losses in two weeks on Tuesday, led lower by South Korea's Samsung, while South African assets were hammered by news about the finance minister's legal difficulties. "I doubt it'll be the end of the story so it's going to be patchy and volatile as with Turkey-- we think the trigger could be pulled before...

  • NEW YORK, Oct 6- The Pimco Income Fund, overseen by group chief investment officer Dan Ivascyn, posted inflows of $1.2 billion in September, bringing total assets under management to $66 billion for the portfolio, according to Morningstar data on Thursday. The Pimco Income Fund, widely seen by investors and analysts as Pimco's new flagship fund, has brought in a...