*H2 profit up 8 pct to $5.69 bln. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $14 billion company to shareholders, mostly offloading assets it acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.» Read More
Genco said on Monday Baltic Trading Ltd, a company formed by Genco, and its units are not included in the restructuring program. Genco listed total assets of about $2.46 billion and liabilities of $1.46 billion, as of Feb. 28, according to its bankruptcy petition.
NEW YORK, April 17- The Federal Reserve logged $84 billion in net profit last year on its massive portfolio of assets, and average income will probably remain higher than before the financial crisis for another decade to come, according to an annual report.
*Bundesbank chief open in principle to QE, if it is needed. *Drop in inflation sees him open up to the idea. FRANKFURT, April 17- As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy.
TOKYO, April 11- A group of investors have offered to take over the assets of Mt. The offer, filed with the Tokyo District Court last month, marks the first time that anyone has submitted a proposal to sponsor the rehabilitation of Mt.
LONDON, April 11- A shift by investors' back into emerging market assets gathered pace over the last week, with China and Russia seeing some of the biggest demand as EM inflows reached their highest rate in over a year.
April 10- Bill Gross, the co-founder and chief investment officer of Pimco, told Bloomberg Businessweek that his chosen successor, Mohamed El-Erian, never fully explained his decision to leave one of the largest investment firms in the world. , "Gross, who oversees nearly $2 trillion of assets, said El-Erian only told him:" I'm not the man to lead the company forward. "
Arledge himself acknowledged on Wednesday that BNY Mellon is only in the early stages of a two-pronged strategy to gather assets from individual retail investors, but he pledged that the strategy will show tangible progress by this summer.
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.