COURT: PRIMARY OBJECTIVE OF RUSSIA WAS "TO BANKRUPT YUKOS AND APPROPRIATE ITS VALUABLE ASSETS".» Read More
SINGAPORE, April 1- Gold was languishing near a seven-week low on Tuesday, after posting its first monthly drop of the year, as investors pulled money out of bullion backed exchange-traded funds in favour of riskier assets. *Spot gold eased 0.05 percent to $1,282.95 an ounce by 0025 GMT, after dropping nearly 1 percent on Monday.
LONDON, March 28- The heavy outflow from emerging market equity funds all but ceased in the last week data from EPFR Global showed on Friday, a sudden halt that boosted hopes the recent pounding of EM assets may be abating.
LONDON, March 27- Spanish, Italian and Portuguese bond yields hit multi-year lows on Thursday, with speculation about further European Central Bank monetary policy easing prompting investors to seek the bigger returns offered by lower-rated assets.
*HSBC to review Bank of Cyprus restructuring options. *Bank of Cyprus looks at bonds to repay c. bank funds. NICOSIA, March 25- Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a "bad bank", chief executive John Hourican said.
MILAN/ LONDON, March 24- Italy's largest bank by assets, UniCredit, started advertising a new hybrid dollar-denominated bond at an investors' roadshow in Europe and Asia on Monday.
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.
*Policymaking lapses hurt Nigeria, Ghana. *Investors becoming more discerning on Africa. LONDON, March 13- Foreign investors' growing presence in sub-Saharan African financial markets has made those assets more vulnerable to contagion from losses in bigger emerging markets and problems on the home turf are not helping.
NEW YORK/ LONDON, March 12- Gold surged 1.3 percent on Wednesday, hitting a near six-month high as fears of more corporate defaults in China and the geopolitical tug-of-war between Russia, Ukraine and the West boosted bullion's appeal as an insurance against riskier assets.
*Italy no longer cause for alarm among foreign investors. Italy's largest bank by assets UniCredit and troubled lender Monte dei Paschi di Siena this week announced the write-downs- of 13.7 billion and 2.75 billion euros respectively- as they prepare for an industry-wide health check that European lenders are undergoing this year.
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.