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Corporate Finance Corporate Assets

  • Oct 19- Canadian oil and gas producer Cenovus Energy said on Thursday it will sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger Ltd for C $1.3 billion to lower its debt load. The Calgary, Alberta- based continues to target between C $4 billion and C $5 billion in asset sale agreements by the end of the year,...

  • BEIJING, Oct 18- The value of overseas assets held by China's centrally owned enterprises has exceeded 6 trillion yuan, with investments in more than 185 countries and regions, the state assets regulator said on Wednesday. China's state-owned enterprises are spearheading investment in infrastructure projects overseas along the ancient Silk Road land and...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. Co-Chairman Bob Weinstein, Harvey's brother and fellow co-founder, on Friday had denied the firm was seeking to...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • LONDON, Oct 12- A group of investors including buyout firm Apollo and pension fund Canada Pension Plan is bidding for coal assets put up for sale by mining giant Rio Tinto, which could fetch $2 billion, sources familiar with the matter told Reuters. They added that Anglo American had expressed an interest but the deteriorating outlook for met coal, whose...

  • The world's biggest asset manager reported an 8.2 percent rise in quarterly profit on Wednesday, beating Wall Street estimates on almost every count as it attracted $96 billion, with about half of that moving into relatively low-cost exchange-traded funds. The increase in assets under management to $5.98 trillion, a figure on par with Japan's gross domestic...

  • Sears Canada, which began operations in Canada in 1952, expects liquidation sales to begin on about Oct. 19, and continue for 10 to 14 weeks, the Toronto- based company said in a statement on Tuesday. Weighed down by over C $1.1 billion in liabilities, almost matching its assets, and falling sales every quarter since it was spun off from Sears Holdings in 2012, Sears...

  • Oct 10- Bankrupt Sears Canada, along with some of its units, said on Tuesday it is seeking court approval to liquidate all of its remaining stores and assets. The retailer said it will apply to the Ontario Superior Court of Justice and expects a hearing on Oct. 13. Last month, Sears Canada had asked a court to extend creditor protection by another month so it can finish...

  • WILMINGTON, Del., Oct 2- Key Safety Systems has agreed to terms on the $1.6 billion purchase of assets of Takata Corp, stricken by a recall of its faulty vehicle air bags, and final documents will be signed in less than two weeks, a lawyer for Takata's U.S. unit said on Monday. Marcia Goldstein, a lawyer for TK Holdings, told a U.S. bankruptcy judge on Monday that a U.S. deal had...

  • Oct 2- U.S. paper maker Appvion Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Sunday, the company said. Appvion listed assets in the range of $100 million- $500 million and liabilities in the range of $500 million- $1 billion, the Delaware bankruptcy court filing showed. Appvion, headquartered in Appleton, Wisconsin and owned by its...

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- French politicians voiced concerns on Tuesday that a planned multibillion dollar merger of the rail assets of Alstom and Siemens could give the German company the upper hand. Siemens is expected to opt for a deal with Alstom rather an alternative with Canada's Bombardier, two sources familiar with...

  • BUDAPEST/ PRAGUE, Sept 21- Hungarian government debt yields fell to new record lows and the forint led Central European currencies lower on Thursday after the Federal Reserve signalled balance-sheet tightening and one more rate hike in 2017. Tighter Fed policy would make risky assets in emerging markets, including the European Union's eastern members,...

  • BUDAPEST/ PRAGUE, Sept 21- Central Europe's most liquid currencies, the forint and the zloty fell on Thursday after the Federal Reserve signalled balance sheet tightening and one more rate hike in 2017. "Tighter policy by the Fed cuts liquidity in the world and affects risk assets like emerging markets," one Budapest- based fixed income trader said.

  • Sept 18- The S&P and the Dow opened at record highs on Monday as appetite for riskier assets improved on easing tensions on the Korean peninsula and ahead of the Federal Reserve's meeting that could unveil plans to trim its bloated balance sheet. The Dow Jones Industrial Average rose 51.47 points, or 0.23 percent, to 22,319.81. The S&P 500 gained 3.3 points, or 0.13...

  • *Focus on Fed's Sept 19-20 policy meeting. LONDON, Sept 18- The dollar hit an eight-week high against the yen on Monday, supported by a rise in U.S. It built on those gains on Monday as world stocks hit record highs, suggesting a high appetite across markets for riskier assets, rising half a percent on the day to 111.41 yen.

  • LONDON, Sept 15- A euro zone government bond sell-off resumed on Friday after hawkish rhetoric from a Bank of England policymaker bolstered a sense that central banks across the developed world are moving into tightening mode. Earlier, a missile test from North Korea on Thursday night had made many retreat to safe-haven assets such as German government bonds.

  • LONDON, Sept 15- A euro zone government bond sell-off resumed on Friday after hawkish rhetoric from a Bank of England policymaker bolstered a sense that central banks across the developed world are moving into tightening mode. Earlier, a missile test from North Korea on Thursday night had made many retreat to safe-haven assets such as German government bonds.

  • Sept 15- Women's shoe retailer Aerosoles Group said it had filed for Chapter 11 bankruptcy protection, the latest casualty in a struggling retail industry. The company had listed assets of $10 million to $50 million and liabilities of $100 million to $500 million, according to its bankruptcy court filing. Aerosoles has more than 300 stores around the world...

  • Sept 15- Women's shoe retailer Aerosoles Group said it had filed for Chapter 11 bankruptcy protection, the latest casualty in a struggling retail industry. The company had listed assets of $10 million to $50 million and liabilities of $100 million to $500 million, according to its bankruptcy court filing. Aerosoles has more than 300 stores around the world...

  • LONDON, Sept 15- The euro zone government bond sell-off resumed on Friday after some hawkish rhetoric from a Bank of England policymaker bolstered expectations that central banks across the developed world are in tightening mode. Earlier, a missile test from North Korea on Thursday night made many retreat to safe-haven assets such as German government bonds.