MOSCOW, May 22- Igor Kim snapped cast-off assets from foreign banks pulling out of Russia and now the banker says he wants to expand into Europe. Kim, 47, emerged with his partners as an asset consolidator after the global crash of 2008 forced Western banks to downsize, buying the Russian commercial banking units of Barclays, WestLB, Morgan Stanley and Santander.» Read More
Dec 28- The Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, will emerge from bankruptcy on Dec. 31, sources said on Friday, ending four years of Chapter 11 protection and setting the stage for the new company to sell off its newspapers to focus on the WGN cable channel and other TV assets.
SHANGHAI, Dec 21- China's yuan moved a touch firmer against the dollar on Friday, shrugging off a stronger greenback that rose as investors turned to safer assets on worries the U.S. could go over the looming "fiscal cliff". The People's Bank of China marginally weakened its midpoint to 6.2881 from Thursday's 6.2877.
*Writedowns on Onça Puma mine, Norsk Hydro stake. RIO DE JANEIRO, Dec 21- Brazil's Vale SA, the world's No. 2 mining company, has decided to take a $4.2 billion write-down on its nickel and aluminum assets, the company said, increasing its fourth-quarter write-downs to $4.65 billion.
SAN FRANCISCO, Dec 19- Video game maker THQ Inc said on Wednesday it filed for bankruptcy, and private investment firm Clearlake Capital Group has offered to buy its assets.
SAN FRANCISCO, Dec 19- Video game maker THQ Inc said Wednesday it filed for bankruptcy, and private investment firm Clearlake Capital Group has offered to buy its assets.
MELBOURNE, Dec 17- Fortescue Metals Group is in talks to sell a minority stake in its Australian port and rail assets, in a move that would let it pay down billions of dollars in debt and that could open up access to rival miners whose iron ore is stuck in the ground.
Australia's no.3 iron ore miner, Fortescue Metals Group, is in talks to sell a minority stake in its multi-billion dollar port and rail assets as it looks to cut debt and build new mines in a world of weaker iron ore prices.
MELBOURNE, Dec 17- Australia's no.3 iron ore miner, Fortescue Metals Group, is in talks to sell a minority stake in its multi-billion dollar port and rail assets as it looks to cut debt and build new mines in a world of weaker iron ore prices.
BEIJING, Dec 13- China is likely to accumulate a massive funding shortfall in its urban pension system by 2050 unless it raises its retirement ages and taps more state assets, according to a book published this month that takes an in-depth look at China's finances.
*Fed set to keep buying $85 billion per month in assets. WASHINGTON, Dec 12- The U.S. "The economic environment seems ripe for those at the Fed who support continued accommodation," said Victor Li, professor at the Villanova School of Business and a former St.
*Rio says to cut $5 bln in operating costs by end 2014. *Sees ore production cost falling to just over $35.50/ t from $47 delivered to China. MELBOURNE/ SYDNEY Nov 29- Rio Tinto aims to axe $7 billion in costs over the next two years and sell more assets to cushion against weaker commodity prices, while at the same time beefing up output in its lucrative iron ore business.
Nov 29- Hostess Brands Inc, the bankrupt maker of Twinkies snack cakes, has signed non-disclosure agreements with 70 parties interested bidding for the company's assets as it liquidates, Hostess's banker told a court hearing on Thursday.
LONDON, Nov 28- Copper fell on Wednesday as investors shunned riskier assets on concerns about the details of Greece's new debt deal and lack of progress in U.S. budget talks aimed at averting automatic tax hikes and spending cuts in January.
Jeffrey Schwartz, Deputy Chairman, Global Logistic Properties says increased revenues in China and Japan as well international expansion plans have amounted to a profitable quarter.
Does being a mother of nine, overseeing investments of over 47 billion pounds, and advocating to get more women in boardrooms at the same time sound implausible?
Stewart Aldcroft, Senior Advisor, Investor Services, Asia Pacific, Citi says China is making policy changes that are positive for the asset management industry.
Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust and Rockefeller Financial Services agreed to form a strategic partnership, the FT reports.
The risk of a double-dip recession in the U.S. has subsided, but investors should not grow complacent, says John Hailer, Natixis Global Asset Mgmt. president/CEO.
Many traders are seeing U.S. assets as safe havens, but how should you prep your portfolio for the new year? Sharing perspective on international equities, with David Nadel, Royce Funds and John Manley, Wells Fargo Advantage Funds.