SEOUL, March 14- POSCO's new chief executive said the South Korean steelmaker will sell non-core assets and list some affiliates to shore up its balance sheet, shying away from major new investments in a marked break from his predecessor's strategy.» Read More
FRANKFURT, March 11- The European Central Bank will press euro zone banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in the coming months, signalling a new, more aggressive era of banking supervision.
FRANKFURT, March 11- The European Central Bank will press banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in coming months, signalling a new, more aggressive era of banking supervision in the bloc.
*Impairments and' hard to value' assets key areas. DUBLIN, March 10- The European Central Bank's stance on how bad loans are defined will be one of the biggest revelations to the euro zone's largest banks when it details on Tuesday how it will test balance sheets, three sources with knowledge of the tests told Reuters.
*Diplomatic efforts to solve Ukraine crisis underpin risk assets. TOKYO, March 6- Asian shares could enjoy a reprieve on Thursday as diplomatic efforts moderate the crisis over Ukraine, while the euro comes under pressure as investors speculate whether the European Central Bank will ease policy later in the day.
March 5- USEC Inc, a supplier of enriched uranium for commercial nuclear power plants, filed for a prearranged bankruptcy on Wednesday. USEC listed assets of $70 million and liabilities of $1.07 billion as of Dec. 31, in its bankruptcy filing. The case In re: USEC Inc, No.14-10475, U.S. Bankruptcy Court, District of Delaware.
*Investors wary of economic effect of Ukraine crisis. MOSCOW, March 4- Russian assets rebounded on Tuesday as President Vladimir Putin said he would only use force in neighbouring Ukraine as a last resort.
NEW YORK, March 4- Bill Gross, manager of the world's largest bond fund at Pimco, said Tuesday that risk assets should outperform cash this year and post higher returns if central banks can convince investors that easy money policies are stimulating growth.
Gox, once the world's biggest bitcoin exchange, looked to have essentially disappeared on Tuesday, with its website down, its founder unaccounted for and a Tokyo office empty bar a handful of protesters saying they had lost money investing in the virtual currency. Gox had $174 million in liabilities against $32.75 million in assets.
SYDNEY/ SINGAPORE, Feb 19- The euro touched a seven-week high against the dollar on Wednesday, with the greenback struggling in the wake of more soft economic data and news that foreign investors had been heavy sellers of U.S. assets.
WILMINGTON, Del, Feb 18- A unit of China's Wanxiang Group received U.S. bankruptcy court approval on Tuesday to buy the assets of Fisker Automotive, a defunct manufacturer of plug-in hybrid sports cars that was funded in part with a U.S. government loan.
NEW YORK, Feb 18- Foreigners sold $45.9 billion in long-term U.S. assets in December, compared with outflows of $28.05 billion the previous month, data from the U.S.
*BlackRock, Vanguard, Deutsche Bank, Lyxor lead the way. LONDON, Feb 17- Sharp withdrawals from equity, currency and commodity tracking funds as emerging markets sold off in early 2014 looks no more than a bump in the road for such vehicles as they expand their share of assets under management.
Feb 14- Wanxiang Group, China's largest auto parts company, won a bankruptcy auction for the assets of Fisker Automotive, the defunct manufacturer of the Karma plug-in hybrid sports car, Fisker said on Friday.
Feb 14- Wanxiang Group, China's largest auto parts company, won a bankruptcy auction for the assets of Fisker Automotive, the defunct manufacturer of the Karma plug-in hybrid sports car, two sources who were briefed on the auction told Reuters. Wanxiang outbid an affiliate of Richard Li, a Hong Kong billionaire and Fisker investor, the people said on Friday.
RIO DE JANEIRO/ LONDON, Feb 13- Growing fears of a default pushed Ukraine's debt-insurance costs to four-year highs on Thursday, while concern over economic growth and inflation drove Latin American assets lower. Concern has been growing over how Ukraine can prop up its currency and pay off its debt.
LONDON, Feb 13- Growing fears of a default drove Ukraine's debt insurance costs to four-year highs on Thursday and policy concerns pulled Nigerian assets into the emerging market retreat.
LONDON, Feb 12- Gold hit three-month highs on Wednesday as positive technical factors outweighed a rise in investor appetite for other, riskier assets following comments by the new U.S. It was up 0.2 percent to $1,293.55 by 1523 GMT.
*Copper set to post biggest weekly rise this year. PARIS, Feb 7- Stocks, oil and some base metals climbed on Friday on hopes that a U.S. jobs report due out shortly will ease concerns over the pace of global economic growth, and emerging market assets got a lift following their recent sell-off.
NEW YORK, Feb 5- Pimco's Bill Gross, manager of the world's largest bond fund, said on Wednesday that the lower U.S. government deficit is slowing credit growth, a phenomenon that could hurt economic growth and risk assets.
NEW YORK, Jan 31- LightSquared Inc and its various creditors are in talks to devise a consensual plan to restructure the wireless company's assets and end its bankruptcy, the company told a judge on Friday.