Corporate Finance Corporate Assets

  • 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...

  • DUBAI, Oct 6- Creditors of Kuwait's debt-laden Investment Dar, whose assets include property and finance, are close to forming a team to negotiate a deal on the company's latest plan to restructure 813 million dinars in debt. Investment Dar, whose assets include a stake in the owner of Dubai's "The World" islands project, has made several efforts to restructure its...

  • SAO PAULO, Sept 30- Latin American currencies strengthened on Friday on reports Deutsche Bank is close to reaching an accord with U.S. officials to settle charges related to its sale of toxic mortgage bonds before the financial crisis. Concerns over the financial health of Germany's largest lender sent investors scurrying for safer assets earlier this week.

  • *Commodity currencies benefit from OPEC output cut deal. LONDON, Sept 29- The dollar hit an eight-day high against the safe-haven yen on Thursday after an OPEC deal to cut oil output spurred a move into riskier assets, though questions over the efficacy of the agreement left the greenback off its earlier highs. The currencies of oil-exporting countries such as...

  • LONDON, Sept 29- Emerging stocks rose 0.6 percent on Thursday, led by energy-heavy Gulf and Russian bourses, though Saudi markets lagged and Indian assets sold off after New Delhi said it launched a strike on suspected militants based in Pakistan. The market was also rattled by a U.S. Congress vote to overturn a presidential veto of a law that would allow victims of...

  • The company said it had entered into a non-binding agreement with lenders AB Opportunity Fund LLC, AB Value Partners LP and affiliates of Milfam II LP under which these lenders have offered to buy Cosi's assets and serve as a "stalking horse" bidder in a sale process. The company said it had net sales of $22.3 million, with net losses of about $3.1 million and cash on...

  • The Boston- based company, known for its homemade flat bread, has assets of $31.24 million and debt of about $20 million, according to a court filing. The company said it had entered into a non-binding agreement with lenders AB Opportunity Fund LLC, AB Value Partners LP and entities affiliated with Milfam II LP under which the DIP lenders offered to buy Cosi's...

  • The company, known for its homemade flat bread, has assets of $31.24 million and debt of about $20 million, according to a court filing. The company said it had entered into a non-binding agreement with lenders AB Opportunity Fund LLC, AB Value Partners LP and entities affiliated with Milfam II LP under which the DIP lenders offered to buy Cosi's assets and serve as...

  • SHANGHAI, Sept 27- The landmark bankrupcty of Guangxi Nonferrous Metals Group Co Ltd is in line with central government objectives such as eliminating "zombie enterprises," said the commission responsible for managing state assets in China's Guangxi Zhuang Autonomous Region, according to online financial magazine Caixin. Unlisted Guangxi Nonferrous,...

  • FRANKFURT, Sept 23- Innogy, the renewables, network and retail business of German utility RWE, could fetch up to 5 billion euros and raise the largest amount in an initial public offering in Europe for nine years when it lists next month. Germany's No.2 utility is pooling and listing its healthy assets-- grids, retail and renewables-- hoping to attract investors who...

  • BEIJING, Sept 22- China's forex regulator said on Thursday it will crack down on fake overseas mergers and acquisitions used by some local firms and individuals to move assets out of the country, even as capital outflow pressure is easing. The Chinese government has been encouraging local firms to invest overseas under Beijing's "One Belt, One Road" program, but...

  • BEIJING, Sept 22- China's forex regulator acknowledged that it has found Chinese firms and individuals moving assets overseas via mergers and acquisition deals, but officials said pressure on capital outflows is easing. "In the past year we found some Chinese firms and individuals moving assets overseas via outbound investment, this is certainly a key area of...

  • Fed decision is great for corporates: Expert

    Melanie Czarra, EMEA co-head of corporate DCM at UBS, discusses how the Fed's stance will affect merger and expansion decisions by companies.

  • LONDON, Sept 19- Emerging stocks rose 1.3 percent on Monday and currencies firmed on a bet the U.S. "The environment is and will remain supportive for emerging assets," HSBC strategist Murat Toprak said. Aside from the Fed, Toprak cited stabilization in commodity prices and better economic data from China.

  • Sept 14 (Reuters)- Specialty golf retailer Golfsmith International Inc filed for Chapter 11 bankruptcy on Wednesday and agreed to sell its Canadian retail chain to a group led by Fairfax Financial Holdings Ltd and a unit of CI Investments Inc.. Golfsmith listed both its assets and liabilities at between $100 million and $500 million, according to a filing with...

  • Sept 14- Specialty golf retailer Golfsmith International Inc filed for Chapter 11 bankruptcy on Wednesday and agreed to sell its Canadian retail chain to a group led by Fairfax Financial Holdings Ltd and a unit of CI Investments Inc.. Golfsmith listed both its assets and liabilities at between $100 million and $500 million, according to a filing with the U.S....

  • *$51 bln commodity investment Jan-July highest since 2009. LONDON, Sept 9- Flows into commodity investments have hit their highest levels since the global financial crisis as negative interest rates boost the appeal of real assets, but they risk reversing as rallies falter in metals and oil. Commodity prices had been sliding for several years as growth...