Corporate 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.

  • Foreign demand for U.S. assets falls in Dec-Treasury Tuesday, 18 Feb 2014 | 8:50 AM ET

    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.

  • Wanxiang outbids Hong Kong's Li for Fisker -sources Friday, 14 Feb 2014 | 4:35 PM ET

    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.

  • PRECIOUS-Gold hits 3-month highs on technical momentum Wednesday, 12 Feb 2014 | 10:55 AM ET

    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.

  • DETROIT, Jan 29- Chrysler Group LLC, which is owned by Fiat SpA, on Wednesday said its revenue would rise 11 percent to about $80 billion in 2014.. Chrysler's fourth-quarter net income of $1.62 billion, up 329 percent from the previous year, included a $962 million non-cash tax benefit related to the release of a valuation allowances on deferred tax assets.

  • *Gold up for third session as equities fall. SINGAPORE, Jan 27- Gold rallied for a third session on Monday to its highest in two months as equities fell on worries that capital outflows from emerging economies would continue, boosting bullion's safe-haven appeal. Gold is often seen as an alternative investment to risky assets such as stocks.

  • *Argentina, Turkey see currencies slump. NEW YORK/ LONDON, Jan 24- A full-scale flight from emerging market assets accelerated on Friday, setting global shares on course for their worst week this year and driving investors to safe-haven assets including U.S.

  • LONDON, Jan 24- A global flight from emerging market assets gathered pace on Friday, sending the Turkish lira to a record low and setting global shares on course for their worst week this year.

  • UPDATE 3-Accelerating outflows push down Janus shares Thursday, 23 Jan 2014 | 2:15 PM ET

    Jan 23- The highest outflows in nearly a decade caught up with Janus Capital Group Inc on Thursday and drove down shares in the asset manager by 7 percent. Total assets under management were $173.9 billion at December 31, up from $166.7 billion at September 30 only because market gains offset the outflows.

  • Jan 23- Asset manager Janus Capital Group Inc said on Thursday that its fourth-quarter profit rose 23 percent on higher investment management fees, but outflows continued. Total assets under management stood at $173.9 billion at December 31, up from $166.7 billion at September 30, Janus said.

  • The company estimated it had up to $10 million in both assets and liabilities, according to a filing with the U.S. Bankruptcy Court in Charleston, West Virginia.

  • NEW YORK, Jan 16- Foreigners sold U.S. assets in November, reversing a buying binge sparked the prior month by the end of a 16- day U.S. government shutdown, U.S. "The long-term trend is concerning and has negative implications for the dollar," said Michael Woolfolk, senior currency strategist at BNY Mellon in New York.

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