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Corporate Finance Corporate Assets

  • VIENNA, May 2- Austria's Financial Market Authority has increased its forecast of how much will be earned from the sale of assets in its wind-down of "bad bank" Heta Asset Resolution to 8.6 billion euros. Tuesday's estimate of a 2.6 billion euro increase, from a previous forecast of 6.0 billion euros, is a boon to the Austrian state, which loaned the southern province...

  • LONDON, May 2- Gold hovered close to a three-week low on Tuesday as demand for riskier assets drove stocks and U.S. treasury yields higher and the dollar hit a six-week peak against the yen. Spot gold was down 0.1 percent at $1,255.02 an ounce at 1045 GMT, while U.S. gold futures were up 0.1 percent. Gold on Monday fell 0.9 percent and touched $1,253.66 at one point, its...

  • CALGARY, Alberta, April 28- As global oil majors pull out of Canada's oil sands, domestic companies are buying up assets and betting technology and economies of scale will enable them to turn a profit despite low crude prices. Three of Canada's biggest oil and gas companies reported first-quarter earnings and held annual general meetings this week, in which they...

  • BEIJING, April 28- Bank of China Ltd, the country's fourth-biggest lender by assets, posted flat first-quarter net profit growth on Friday, missing estimates as bad loans weighed on its balance sheet. Profit was 46.6 billion yuan in the three months ended March 31, flat from 46.6 billion yuan a year earlier. Its NPLs topped 150.3 billion yuan at end-March compared...

  • CALGARY, Alberta, April 23- Canada's Cenovus Energy Inc has said it may sell parts of the Deep Basin natural gas assets it recently bought from Houston- based ConocoPhillips, Royal Bank of Canada analysts wrote in a research note on Sunday. Cenovus Chief Executive Brian Ferguson held a conference call with analysts last Friday, and the oil company "signaled that it...

  • Meanwhile, lawmakers who attended a meeting with Brazilian President Michel Temer on Sunday said he was sticking with his plans to push the pension overhaul through Congress by July. Despite the gains in Brazil, escalating tension between the United States and North Korea, depressed investor appetite for higher-yielding, emerging market assets.

  • NEW YORK, April 13- Investors' risk aversion was on display this week as geopolitical tensions sent new money into safe-haven assets such as government-Treasury as well as gold funds, Lipper data revealed on Thursday. Taxable bond funds attracted $1 billion in new cash to mark their fourth straight week of inflows, with $396 million going into U.S.-based...

  • 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,...