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Corporate Finance Corporate Assets

  • Russia's central bank stepped in on Tuesday to take at least a 75 percent stake in Otkritie, the country's biggest privately-owned bank, to plug a hole in its balance sheet. It was the biggest Russian bank bailout since 2011, when the central bank stepped in to rescue the mid-sized Bank of Moscow. The bailout of Otkritie, Russia's seventh-biggest lender by assets,...

  • Russia's central bank stepped in on Tuesday to take at least a 75 percent stake in Otkritie, the country's biggest privately-owned bank, to plug a hole in its balance sheet. It was the biggest Russian bank bailout since 2011, when the central bank stepped in to rescue the mid-sized Bank of Moscow. The bailout of Otkritie, Russia's seventh-biggest lender by assets,...

  • BERLIN, Aug 30- Ryanair will not bid for any assets of insolvent German airline Air Berlin, its Chief Executive Michael O'Leary said on Wednesday, describing the process as "a stitch-up." Air Berlin, Germany's second-largest airline, filed for bankruptcy protection this month after shareholder Etihad Airways withdrew funding following years of losses.

  • BERLIN, Aug 30- Irish low-cost carrier Ryanair will not make an offer for assets of insolvent German airline Air Berlin, its Chief Executive Michael O'Leary said on Wednesday, citing what he said was an intransparent carve-up process. Air Berlin, Germany's second-largest airline, filed for bankruptcy protection this month after shareholder Etihad Airways...

  • HONG KONG, Aug 22- Dalian Wanda Group said on Tuesday it had scrapped plans to buy Nine Elms Square in London, the latest setback for the Chinese conglomerate as Beijing tightens controls on overseas investment. It would be the second time in a matter of weeks that the Chinese developer has stepped in to take over assets from Wanda, owned by one of China's richest men,...

  • Hong Kong shares gained 0.4 percent and mainland Chinese stocks rose 0.6 percent after Shanghai posted its strongest weekly gain in four months last week. Emerging Europe delivered a more modest performance, with Moscow and Polish shares up around 0.2-0.3 percent. Koon Chow, emerging macro and FX strategist at UBP, said riskier assets had been given a bit of a...

  • BERLIN/ FRANKFURT, Aug 17- A first round of formal talks for the sale of insolvent German airline Air Berlin's assets will be held with its bigger local rival Lufthansa on Friday, ahead of other prospective bidders, a senior labour union official said. As far as I know, the other bidders will be invited for talks afterward and then an overall package will be put...

  • BERLIN/ FRANKFURT, Aug 17- Germany's Lufthansa is considering buying a majority of insolvent Air Berlin's aircraft, two people familiar with the matter said, as the government and rivals race to carve it up. Transport Minister Alexander Dobrindt backed Lufthansa to buy a major portion of Air Berlin's assets, saying Germany needed a "national champion" in...

  • *Easing U.S.- North Korea tensions trigger dollar short-covering. "I can't expect anything hawkish from the minutes," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo. Fading fears of conflict between the United States and North Korea also prompted investors to buy back riskier assets they had sold last week as fiery rhetoric...

  • Aug 15- American International Group Inc wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States and Canada, is working with investment bankers at Goldman Sachs Group Inc to unload the assets, said the sources,...

  • Aug 15- American International Group Inc wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States and Canada, is working with investment bankers at Goldman Sachs Group Inc to unload the assets, said the sources,...

  • *N. Korea's Kim appears to back away from Guam missile plan. TOKYO, Aug 15- Asian shares rallied and the dollar firmed on Tuesday after North Korea's leader signalled that he would delay plans to fire a missile near Guam, easing tensions and prompting investors to move back into beaten-down riskier assets. "Worries about a conflict between the United States and...

  • TOKYO, Aug 15- Asian shares rallied and the dollar firmed on Tuesday after North Korea's leader signalled that he would delay plans to fire a missile near Guam, further easing tensions and prompting investors to move back into riskier assets. North Korea's leader Kim Jong Un received a report from his army on its plans to fire missiles towards Guam and said he will...

  • *North Korea says it is considering missile strike on Guam. Treasury yields fell on Wednesday, and yields on the benchmark 10- year note hit a six-week low, as escalating tensions between the United States and North Korea spurred demand for safe-haven assets such as government debt. Bill Northey, chief investment officer at U.S. Bank Private Client Group in...

  • North Korea says it is considering missile strike on Guam. Treasury yields fell on Wednesday, and yields on the benchmark 10- year note hit a six-week low, as escalating tensions between the United States and North Korea spurred demand for safe-haven assets such as government debt. Bill Northey, chief investment officer at U.S. Bank Private Client Group in...

  • Aug 4- SPDR Gold Trust, the world's largest physically-backed gold fund, saw its holdings drop more than 7 percent in July, as investors dumped bullion for other assets like equities and led it to its biggest monthly decline since April 2013. Despite geopolitical tensions with North Korea and the shake-up in the Trump administration, equity markets seem to be...

  • MILAN, Aug 3- Italy's largest bank by assets, UniCredit, posted a stronger-than-expected net profit for the second quarter on Thursday, thanks largely to a drop in loan-loss charges and better fee income. The bank, which has operations in 17 countries, mostly in Europe, reported a net profit of 945 million euros, well above a consensus forecast of 676 million euros...

  • *Opposition leader Imran Khan hails victory for Pakistan. ISLAMABAD, July 28- Pakistan's Supreme Court disqualified Prime Minister Nawaz Sharif from office on Friday over undeclared assets, plunging the nuclear-armed South Asian nation into political turmoil after a period of relative stability. Pakistan was left with no government leader after Friday's...

  • *Opposition leader Imran Khan hails victory for Pakistan. ISLAMABAD, July 28- Pakistan's Supreme Court disqualified Prime Minister Nawaz Sharif from office on Friday over undeclared assets, plunging the nuclear-armed South Asian nation into political turmoil after a period of relative stability. Pakistan was left with no government leader after Friday's...

  • *Opposition leader Imran Khan hails victory for Pakistan. ISLAMABAD, July 28- Pakistan's Supreme Court disqualified Prime Minister Nawaz Sharif from office on Friday over undeclared assets, plunging the nuclear-armed South Asian nation into political turmoil after a period of relative stability. Among possible allies to replace Sharif are Defence...