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Corporate Finance Corporate Assets

  • CALGARY, Alberta, June 21- Cenovus Energy Inc's efforts to sell C $5 billion of energy assets, already facing a rocky road because weak oil prices are depressing the appetite for deals, has become complicated by the surprise departure of its chief executive officer, fund managers said. Brian Ferguson's announcement on Tuesday that he will step down as CEO in...

  • CALGARY, Alberta, June 20- Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, and its shares tumbled nearly 9 percent. "There's no natural heir, they have not done a very good job of succession planning," said Laura Lau, senior portfolio manager at Brompton...

  • CALGARY, Alberta, June 20- Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, and its shares tumbled nearly 9 percent. "There's no natural heir, they have not done a very good job of succession planning," said Laura Lau, senior portfolio manager at Brompton...

  • CALGARY, Alberta, June 20- Cenovus Energy Inc said on Tuesday it will replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets that doubled the size of the company but sent its stock plunging. Canada's third-largest oil producer failed to name a successor to Ferguson, however, pushing its stock down...

  • CALGARY, Alberta, June 20- Cenovus Energy Inc said on Tuesday it will replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, though it failed to name a successor, sending its shares tumbling 10 percent. "The whole thing just smells bad, said Norman Levine, managing director, Portfolio Management...

  • LONDON, June 9- Global bond funds attracted their biggest inflows in more than two years, Bank of America Merrill Lynch said on Friday, as a the UK election and a Gulf political crisis sparked a dash for safe-haven assets. Investors shovelled $16 billion into bonds in the week to Wednesday, with investment grade bond funds attracting $9.6 billion and high yield...

  • Centrais Elétricas Brasileiras SA, known as Eletrobras, and Cia Energética de Minas Gerais SA, known as Cemig, plan to divest generation and transmission assets, including their stakes in some of Brazil's largest hydroelectric dams- Santo Antônio and Belo Monte. Since the start of 2015, Chinese companies have been the buyers in most announced electricity...

  • *China' very successful' in containing outflows- analyst. BEIJING, June 7- China's foreign exchange reserves rose in May for a fourth consecutive month and by more than markets had expected, as stringent capital control measures and a weakening in the dollar helped staunch outflows. A weaker U.S. dollar boosted the value of other currencies and assets held by China...

  • BEIJING, June 7- China's foreign exchange reserves rose in May for a fourth consecutive month and by more than markets had expected, as stringent capital control measures and a weakening in the dollar helped staunch outflows. A weaker U.S. dollar boosted the value of other currencies and non-dollar assets held by China during, the State Administration of...

  • *Evergrande plans Shenzhen backdoor listing for property assets. The country's No. 1 property developer's unveiling of a plan to redeem all of its perpetual bonds has added to positive momentum driven by an imminent backdoor listing for most of its real estate assets in mainland China, fresh capital from strategic investors as well as share buybacks.

  • *Evergrande plans Shenzhen backdoor listing for property assets. HONG KONG, June 6- Shares of China Evergrande Group, the nation's largest property developer, jumped on Tuesday to a record high after it said it would redeem all of its perpetual bonds by the end of this month, ahead of plan. The developer, which sits on corporate China's second-largest debt pile with...

  • BEIJING, June 2- Wu Xiaohui, the chairman of Anbang Insurance Group Co Ltd, is free to travel, a spokesman for the Chinese insurer said on Friday, denying a report that Wu had been prevented from leaving China. Anbang has emerged as one of China's most aggressive buyers of overseas assets in the past two years, spending more than $30 billion acquiring luxury hotels,...

  • NEW YORK, May 31- Emerging markets saw a fourth straight month of net portfolio inflows above $20 billion from foreign investors in May, putting inflows to the asset class at levels near the so-called commodity super cycle that saw asset prices soar from 2010-2014, a survey showed Wednesday. Inflows to Latin America and assets in Africa and the Middle East were...

  • May 31- Emerging markets saw a fourth straight month of net portfolio inflows above $20 billion from foreign investors in May, putting inflows to the asset class at levels near the so-called commodity super cycle that saw asset prices soar from 2010-2014, a survey showed Wednesday. Inflows to Latin America and assets in Africa and the Middle East were nearly...

  • TOKYO, June 1- Toshiba Corp has moved some of the assets of its memory chip unit back to the parent company in a bid to ward off Western Digital Corp's legal claim that the Japanese conglomerate cannot sell the unit without the U.S. partner's consent. Western Digital, which jointly owns a semiconductor plant with Toshiba in Japan, sought international arbitration...

  • TOKYO, June 1- Toshiba Corp has moved some of the assets of its memory chip unit back to the parent company to ward off Western Digital Corp's legal claim that the Japanese conglomerate cannot sell the unit without the U.S. partner's consent. Western Digital, which jointly owns a semiconductor plant with Toshiba in Japan, sought international arbitration in mid...

  • DUBAI, May 28- The Saudi Arabian central bank's foreign assets fell in April as the government borrowed heavily abroad, according to official data that suggested Riyadh was bringing money into the country to refill state coffers depleted by low oil prices. Monica Malik, chief economist at Abu Dhabi Commercial Bank, said the government appeared to have...

  • NEW YORK, May 24- U.S. "People are hitting the pause button to get more clarity from the Fed," said Bill Merz, senior market strategist at U.S. Bank in Minneapolis. In the meantime, U.S. bond yields were pinned down by demand for low-risk assets in the wake of Moody's downgrade of China and the deadly suicide bombing in Manchester, England.

  • *Fed minutes scheduled to be released at 2 p.m. ET. U.S. interest rates futures were steady ahead of the minutes, due at 2 p.m. ET. "The real take from the Fed is that a June rate hike still seems to pretty much baked in the cake, but I'm going to be looking at guidance as how they expect to start spending down their excess assets," said Brad McMillan, chief investment officer for...

  • PARIS, May 24- BNP Paribas plans to increase the assets run by its fund management arm by 5 percent a year to 2020 and speed up the development of the business in Germany, China and the United States. It also plans to rebrand BNP Paribas Investment Partners to BNP Paribas Asset Management from June 1. This brand will cover around 80 percent of its business, while the...