Corporate Finance Corporate Assets

  • The race for GlaxoSmithKline Plc's Indian Horlicks nutrition business is nearly over and one of two European consumer giants, Unilever Plc and Nestle SA, is likely to be the winner, media reports indicated.

  • MOSCOW, Nov 16- Otkritie bank, rescued by Russia's central bank last year, has almost finished its clean up and is switching its focus to growth this year, Chief Executive Mikhail Zadornov told Reuters. The bad bank, with assets of over 2 trillion roubles, will be set up this year and the clean bank by Jan. 1, 2019. Zadornov, who moved to Otkritie this year from state-owned...

  • HONG KONG, Nov 15- French asset manager Natixis Investment Managers plans to set up a presence in China, preferably through an acquisition, as part of its strategy to double its Asia Pacific assets by 2020, a top executive said. "Considering Natixis is a global asset manager we have to be in China," Fabrice Chemouny, the fund manager's Asia Pacific Chief Executive...

  • HONG KONG, Nov 15- French asset manager Natixis Global Asset Management plans to set up a presence in China, preferably through an acquisition, as part of its strategy to double its Asia Pacific assets by 2020, a top executive said. "Considering Natixis is a global asset manager we have to be in China," Fabrice Chemouny, the fund manager's Asia Pacific Chief Executive...

  • *U.S.- China trade war, market volatility among concerns- CEO. TOKYO, Nov 13- Mitsubishi UFJ Financial Group Inc, Japan's largest lender by assets, posted a lower quarterly profit and warned that the U.S.- China trade war as well as growing market volatility would pressure its performance in the second half. U.S.- China trade war and growing market volatility are...

  • *MSCI ex- Japan off 1.7 pct, Nikkei plunges 3.1 pct. SYDNEY, Nov 13- Asian shares skidded on Tuesday after a rout in tech stocks put Wall Street to the sword, while a sharp drop in oil prices and political risks in Europe pushed the dollar to 16- month highs as investors dumped riskier assets. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.7...

  • RIYADH, Nov 11- Saudi Arabia will start auctioning real estate assets of billionaire Maan al-Sanea and his company on Dec. 2 to help repay billions of dollars due to creditors, sources familiar with the matter told Reuters. Sanea, once ranked among the world's 100 richest people by Forbes, was detained last year for unpaid debts dating back to 2009 when his company,...

  • NEW YORK, Nov 9- Weaker gold prices boosted investment demand during the third quarter, but gains were capped by a sell-off in gold-backed exchange-traded funds, the GFMS metals consultancy at Refinitiv said on Friday. The price of gold dropped nearly 5 percent in the third quarter as investors continued to favor the U.S. dollar and riskier assets during a global...

  • TOKYO, Nov 8- Toshiba Corp announced on Thursday it is shedding assets, cutting jobs and buying back its stock starting this week, sending its shares up 13 percent, as the once-mighty Japanese conglomerate aims to regain investor confidence. The company announced it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas...

  • *ENN Group chosen as buyer of LNG business- Nikkei. TOKYO, Nov 8- Toshiba Corp is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors' confidence. The scandal forced it to recognise huge cost overruns at now-bankrupt U.S....

  • TOKYO, Nov 8- Toshiba Corp said it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas business, in an effort to shed troubled assets that could have exposed the Japanese company to future losses. Toshiba sold the world's No. 2 memory chip business to a consortium led by U.S. private equity firm Bain Capital to recover from years...

  • NEW YORK, Nov 7- U.S. fund investors fled bonds at the fastest pace since 2013 in the final week of October, worried about rising interest rates and tightening monetary policy, Investment Company Institute data showed on Wednesday. More than $18.5 billion of mutual fund and exchange-traded fund assets flowed out the debt market during the week ended Oct. 31, the...

  • NEW YORK, Oct 26- Federal Reserve officials have tried this week to ease concerns on Wall Street that bank reserves are growing scarce and that the Fed's key rate will edge up above a policy range, possibly forcing it to permanently hold more assets than planned. Thursday marked the third straight day in which the federal funds policy rate traded at its effective...

  • HONG KONG, Oct 26- China's Dalian Wanda Group is exploring a partial sale of its Hollywood film studio and the full sale of its sports assets in its latest push to reduce offshore holdings under pressure from Beijing, sources familiar with the matter said. The company, led by billionaire Wang Jianlin, once had dreams of developing a China- Hollywood film nexus, had a...

  • *Prevention of UBS wealth manager leaving China raises concern. *China onshore wealthy assets estimated at $8.4 trillion in 2017. HONG KONG/ SHANGHAI, Oct 24- News of a foreign wealth manager being denied exit from China last week is raising concerns for global private banks, as they seek to tap trillions of dollars of wealth offshore in the face of Beijing's...

  • *SEARS HOLDINGS CORPORATION FILES FOR CHAPTER 11 BANKRUPTCY IN U.S. BANKRUPTCY COURT IN SOUTHERN DISTRICT OF NEW YORK- COURT FILING. *SEARS HOLDINGS CORPORATION LISTS ASSETS OF $1 BILLION TO $10 BILLION; LIABILITIES OF $10 BILLION TO $50 BILLION- COURT FILING Further company coverage:.

  • Sears listed assets in the range of $1 billion to $10 billion and liabilities in the range of $10 billion to $50 billion, according to a court filing.

  • Oct 12- Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday. The beleaguered 125- year-old retailer, once the largest in the United States, hopes to sell stores and other assets,...

  • EXCLUSIVE-SEARS HOLDINGS CORP'S CEO LAMPERT EXPLORES BIDDING FOR COMPANY ASSETS IN BANKRUPTCY- SOURCES.

  • Oct 2- The top lenders of Toys' R' Us have decided to cancel the bankruptcy auction of its brand name and other intellectual property assets and instead plan to revive the Toys' R' Us and Babies' R' Us brand names, a court filing on Monday showed. Toys "R" Us filed for Chapter 11 bankruptcy protection in September last year, hoping to restructure some $5 billion in debt, much of...