Tag: assets

  • Blackstone earnings sink 42 percent on lower fees; managed assets hit record

    Blackstone earnings sink 42 percent on lower fees; managed assets hit record

    [ad_1] NEW YORK (Reuters) – Blackstone Group LP, the world’s largest manager of alternative assets, said on Thursday fourth-quarter earnings slumped 42 percent from a year earlier to $722 million, hurt by lower performance fees. FILE PHOTO – The ticker and trading information for Blackstone Group is displayed at the post where it is traded…

  • UK financial services sector moves $1 trillion in assets to EU

    UK financial services sector moves $1 trillion in assets to EU

    [ad_1] Financial services companies have moved assets worth $1 trillion from the U.K. to the rest of Europe since the Brexit referendum, a new study from audit firm EY estimates. In a report published Monday, the consultancy said its “Brexit Tracker” estimated financial services firms had moved almost £800 billion ($1.02 trillion) out of Britain…

  • Apple’s shock warning sends investors to safe-haven assets

    Apple’s shock warning sends investors to safe-haven assets

    [ad_1] NEW YORK (Reuters) – A revenue warning from Apple Inc (AAPL.O) rocked equity markets around the globe on Thursday as concerns over a damaging China-U.S. trade battle and its impact on world economic growth boosted assets considered safer investments, such as bonds and the Japanese yen. Technology stocks led a selloff in Asian, European…

  • GE spins off digital assets to form internet of things company

    GE spins off digital assets to form internet of things company

    [ad_1] Smith Collection/Gado | Archive Photos | Getty Images Close-up of sign for GE Digital, a division of General Electric, in the Bishop Ranch office park in San Ramon, California. General Electric announced plans Thursday spin off its GE Digital business and establish an independent Internet of Things company, built around several GE Digital technologies.…

  • Bitcoin and digital assets are here to stay, says NYSE chairman

    Bitcoin and digital assets are here to stay, says NYSE chairman

    [ad_1] Bitcoin got the backing of a critical figurehead on Wall Street this week. Jeff Sprecher, chairman of the New York Stock Exchange and CEO of its parent company, Intercontinental Exchange, said that despite headlines of cryptocurrencies flopping, digital assets have a future in regulated markets. When asked about the dropping prices, Sprecher brought up…

  • Vodafone’s new CEO to cut costs, review tower assets

    Vodafone’s new CEO to cut costs, review tower assets

    [ad_1] A branded sign is displayed on a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall LONDON (Reuters) – Vodafone’s new chief executive (VOD.L) said he would reduce operating costs by 1.2 billion euros by 2021 and review its tower assets to drive returns after its organic revenue grew by 0.8 percent in…

  • Toshiba to shed troubled assets, cut jobs; shares jump nearly 12 percent

    Toshiba to shed troubled assets, cut jobs; shares jump nearly 12 percent

    [ad_1] TOKYO (Reuters) – Toshiba Corp (6502.T) 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. FILE PHOTO: The logo of Toshiba Corp is seen behind cherry blossoms at the…

  • Exclusive: Lampert explores bid for Sears assets in bankruptcy – sources

    Exclusive: Lampert explores bid for Sears assets in bankruptcy – sources

    [ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer’s businesses and real estate once it files for bankruptcy as an alternative to a traditional court-supervised reorganization, people familiar with the matter said on Thursday. FILE PHOTO: A store closing sale sign…

  • Microsoft CFO Amy Hood on M&A: communities, networked assets

    Microsoft CFO Amy Hood on M&A: communities, networked assets

    [ad_1] Microsoft has been working from a clear strategy for acquisitions in the past few years if you ask Amy Hood, the company’s chief financial officer. With deals like LinkedIn, Minecraft developer Mojang, and most recently GitHub, Microsoft has been one of the largest dealmakers in recent memory. “For the past five years, we’ve been…

  • Global stocks, Canadian dollar up on NAFTA deal, safe-haven assets hit

    Global stocks, Canadian dollar up on NAFTA deal, safe-haven assets hit

    [ad_1] NEW YORK (Reuters) – A pact between the United States and Canada to rescue the trilateral North American Free Trade Agreement with Mexico drove up global stock markets and the Canadian dollar on Monday, while weighing on safe-haven assets. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this…

  • Retirement special: Size is key to unlocking assets

    Retirement special: Size is key to unlocking assets

    [ad_1] A nationwide survey by the UK’s leading independent equity release adviser, Key, has found 44 per cent of estate agents have seen a rise in enquiries from over-65s wanting a more manageable home and lower outgoings. Selling up can release an average of £46,000 of equity while downsizing can reduce household bills, but estate…

  • HSBC to bolster Asia private banking headcount, double client assets

    HSBC to bolster Asia private banking headcount, double client assets

    [ad_1] HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world’s fastest-growing wealth market, top executives said. A logo is pictured on HSBC bank in Geneva,…

  • AltaGas selling assets in Canada and the U.S. for $560 million

    AltaGas selling assets in Canada and the U.S. for $560 million

    [ad_1] AltaGas Ltd. says it has signed deals to sell about $560 million worth of natural gas midstream assets and power generating assets to two buyers. Birch Hill Equity Partners Management Inc. has agreed to pay $165 million for a group of smaller scale gas midstream and power assets in Canada, as well as its…

  • Chinese investors are picking other assets over stocks

    Chinese investors are picking other assets over stocks

    [ad_1] Stocks still rank low on the popularity list for Chinese investors, while private funds are playing a larger role in the country’s asset management market — which many predict will soon become the world’s second largest. Mainland Chinese assets under management grew 22 percent last year to $4.2 trillion, outpacing growth of 13 percent…

  • Turkish turmoil, ruble woes knock euro, riskier assets

    Turkish turmoil, ruble woes knock euro, riskier assets

    [ad_1] SHANGHAI (Reuters) – Worries over the plunging Turkish lira and Russian ruble pulled the euro lower on Friday and rippled through riskier assets worldwide, sending stock markets lower and buoying safe haven assets such as U.S. Treasuries. FILE PHOTO: A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey…

  • GE looking to sell its digital assets: WSJ

    GE looking to sell its digital assets: WSJ

    [ad_1] (Reuters) – General Electric Co (GE.N) is looking to sell key parts of its digital business, the Wall Street Journal reported. FILE PHOTO: The General Electric logo is pictured on working helmets during a visit at the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File…

  • Fox and Disney shareholders approve deal for entertainment assets

    Fox and Disney shareholders approve deal for entertainment assets

    [ad_1] Twenty-First Century Fox Inc. and Walt Disney Co. said on Friday their shareholders voted to approve Disney’s $71 billion US purchase of Fox’s film and television assets. Results were announced at both companies’ special shareholders’ meetings, held in New York. Shares of Fox were down slightly, by 0.3 per cent to $45.25 US in…

  • Disney And Fox Vote For Major Buyout Of Assets

    Disney And Fox Vote For Major Buyout Of Assets

    [ad_1] It’s been tossed around for a few months now, but Disney and Fox have made it official: the latter is selling most of their entertainment assets to the former.  This ends the process Disney has been engaging in by bidding for the company’s studios, facing off against rival Comcast who also provided a cash…

  • Disney receives shareholder approval to buy Fox entertainment assets

    Disney receives shareholder approval to buy Fox entertainment assets

    [ad_1] Getty Images Chief executive officer and chairman of The Walt Disney Company Bob Iger walks on the floor of the New York Stock Exchange (NYSE) before ringing the opening bell, November 27, 2017 in New York City. Twenty-First Century Fox and Walt Disney Company shareholders have approved a deal to allow Disney to purchase…

  • BP pays $10.5 billion for BHP shale assets to beef up U.S. business

    BP pays $10.5 billion for BHP shale assets to beef up U.S. business

    [ad_1] (Reuters) – BP Plc (BP.L) has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton (BLT.L) (BHP.AX) for $10.5 billion, expanding the British oil major’s footprint in oil-rich onshore basins in its biggest deal in nearly 20 years. FILE PHOTO: BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against…

  • BP to buy U.S. shale assets from BHP for $10.5 billion

    BP to buy U.S. shale assets from BHP for $10.5 billion

    [ad_1] (Reuters) – BP Plc (BP.L) has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton (BLT.L) (BHP.AX) for $10.5 billion, giving the British oil major a much bigger footprint in oil-rich onshore basins. FILE PHOTO: BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against a screen projecting the company’s…

  • Blackstone seeks to boost assets with new fundraising ‘super cycle’

    Blackstone seeks to boost assets with new fundraising ‘super cycle’

    [ad_1] NEW YORK (Reuters) – Blackstone Group LP (BX.N), the world’s largest manager of assets such as private equity and real estate, is kicking off a fundraising “super cycle” which could see it manage more than half a trillion dollars in assets, its chairman and CEO Stephen Schwarzman said on Thursday. Blackstone has faced questions…

  • Comcast concedes to Disney in bidding war for Fox assets

    Comcast concedes to Disney in bidding war for Fox assets

    [ad_1] (Reuters) – Comcast Corp (CMCSA.O) dropped its $66 billion bid for Twenty-First Century Fox Inc’s (FOXA.O) entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc (SKYB.L), the remainder of which is owned by Fox. Comcast’s withdrawal is a concession…

  • Comcast upgraded after it drops out of bidding war for Fox assets

    Comcast upgraded after it drops out of bidding war for Fox assets

    [ad_1] Andrew Harrer | Bloomberg | Getty Images File photo: Comcast Chairman and CEO Brian Roberts speaks during a news conference in Washington, D.C. Comcast shares are more attractive after the company decided to walk away from its bidding war for Twenty-First Century Fox assets, according to Raymond James. The firm raised its rating on…

  • Comcast drops pursuit of its bid for 21st Century Fox assets

    Comcast drops pursuit of its bid for 21st Century Fox assets

    [ad_1] Comcast said Thursday it would not pursue its bid to buy assets of Twenty-First Century Fox, choosing to focus on its offer for Britain’s Sky. Shares of Comcast rose 2.6 percent on Thursday, while Fox fell 0.3 percent. The announcement ends one of the biggest battles in the media industry this year, as Comcast…

  • Comcast drops pursuit for Fox assets, to focus on Sky offer

    Comcast drops pursuit for Fox assets, to focus on Sky offer

    [ad_1] (Reuters) – Comcast Corp (CMCSA.O) has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc (FOXA.O) on which it was bidding against Walt Disney (DIS.N), and instead focus on its offer for European pay-TV group Sky Plc (SKYB.L). FILE PHOTO: The Comcast NBC logo is shown on a…

  • Investors are gorging on American assets

    Investors are gorging on American assets

    [ad_1] ECONOMISTS think prices, like spilt ketchup, are sticky. They move only slowly as firms digest economic conditions. Financial markets are an exception. Computerised trading by thousands of participants means prices, especially of currencies, can move in a McFlurry. Since The Economist last updated the Big Mac index (BMI), our lighthearted guide to currency valuation,…

  • Netflix would prefer Comcast to win some Fox assets over Disney: GBH

    Netflix would prefer Comcast to win some Fox assets over Disney: GBH

    [ad_1] Patrick T. Fallon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Netflix remains the undisputed leader of streaming video today. But that could change if 21st Century Fox‘s assets, especially Hulu and Sky, are consolidated under Disney instead of Comcast, according to market research firm GBH Insights. “As bidding war…

  • Likelihood of another Comcast offer for Fox assets has gone down: Faber

    Likelihood of another Comcast offer for Fox assets has gone down: Faber

    [ad_1] The likelihood of a potential competing offer by Comcast for Twenty-First Century Fox‘s movie studio and other assets has diminished, CNBC’s David Faber reported on Wednesday. That’s because Comcast, the parent of CNBC, is expected to raise its bid for Sky, the U.K. media company partly owned by Fox, which has recently raised its…

  • Bidding war over Fox assets could raise Rupert Murdoch’s tax bill

    Bidding war over Fox assets could raise Rupert Murdoch’s tax bill

    [ad_1] The bidding war between Comcast and Disney for Fox assets is costing Rupert Murdoch billions of dollars. Disney raised its bid for pieces of Twenty-First Century Fox to $71.3 billion, up from its original offer of $52.5 billion. This was in response to Comcast’s offer of $65 billion for the same Fox assets. Disney’s…

  • Trion Worlds Acquires Gazillion Entertainment Assets

    Trion Worlds Acquires Gazillion Entertainment Assets

    [ad_1] According to a report from VentureBeat, Trion Worlds has acquired all the assets of Gazillion Entertainment, a game development company that closed in November 2017 after losing its Disney license and shutting down Marvel Heroes Omega.  Trion Worlds CEO Scot Hartsman told VentureBeat reporter Dean Takahashi that the purchase includes all of Gazillion Entertainment’s licenses, trademarks, patents, domains, and games.…

  • Don’t put capital in risk-based assets right now: Analyst

    Don’t put capital in risk-based assets right now: Analyst

    [ad_1] Now might not be a good time to enter the market with new capital, an investor told CNBC. “We’re going from a Goldilocks economy with low interest rates, low inflation expectations, stellar corporate earnings to an economy that’s full of big bad wolves,” K.C. Mathews, chief investment officer at UMB Bank, said Friday on…

  • Disney willing to divest more Fox assets for deal clearance

    Disney willing to divest more Fox assets for deal clearance

    [ad_1] (Reuters) – Walt Disney Co (DIS.N) said on Thursday it was willing to divest Twenty-First Century Fox Inc (FOXA.O) assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal. FILE PHOTO: The 21st Century Fox logo is displayed outside the…

  • Disney hikes bid for Fox assets to $71.3 billion, tops Comcast

    Disney hikes bid for Fox assets to $71.3 billion, tops Comcast

    [ad_1] (Reuters) – Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer. The new cash-or-stock deal may be attractive to Fox’s largest shareholder, Rupert Murdoch, who…

  • The AT&T-Time Warner ruling is bidding up the price of Fox assets

    The AT&T-Time Warner ruling is bidding up the price of Fox assets

    [ad_1] In December, Rupert Murdoch decided a $52 billion offer from Disney fairly valued his bundle of Fox assets. Now he’s staring at a bid that’s almost $20 billion higher. On Wednesday, Disney increased its cash and stock proposal to $71.3 billion. That’s because Judge Richard Leon’s decision last week to allow AT&T to buy…

  • Aurora Cannabis to spin out U.S. assets into separate company

    Aurora Cannabis to spin out U.S. assets into separate company

    [ad_1] Canada’s second largest cannabis company plans to place its U.S. assets into a new separate company that will focus on investing in the cannabis and real estate sector there. TSX-listed Aurora Cannabis said Wednesday it plans to distribute units of its subsidiary Australis Capital Inc. to shareholders in the near future. Canadian residents who own…

  • Disney raises bid for Fox assets to $38 a share

    Disney raises bid for Fox assets to $38 a share

    [ad_1] Disney’s bid in December was a stock deal worth $52.4 billion at the time, but CNBC has reported that the company was willing to add cash to sweeten the offer if a rival stepped in. Disney said in a statement on Wednesday, “Since the original agreement was announced, the intrinsic value of these assets…

  • Australia’s Telstra says it will cut 8,000 jobs, sell assets

    Australia’s Telstra says it will cut 8,000 jobs, sell assets

    [ad_1] Telstra shares dropped 6.2 percent in early trade to their lowest in seven years, while the broader market rose 0.7 percent. Telstra dominates Australia’s mobile telephone and broadband markets but like incumbent telecom firms around the world, profits from traditional fixed-line networks are shrinking and it is under immense pressure to address a sliding…

  • Comcast shares jump the most in 6 months after $65 billion bid for Fox assets

    Comcast shares jump the most in 6 months after $65 billion bid for Fox assets

    [ad_1] John Janedis, an analyst at Jefferies, said in a note that buying Fox would be “immediately accretive” to Comcast’s free cash flow and earnings per share, noting it would boost both metrics by mid-to-high single-digit percentage points. He also said Comcast addressed some of the regulatory concerns initially raised by Fox, “making it difficult…

  • Comcast bids $65 billion for 21st Century Fox assets

    Comcast bids $65 billion for 21st Century Fox assets

    [ad_1] Scott Eells | Bloomberg | Getty Images Brian Roberts, chairman and chief executive officer of Comcast Corp. The assets would increase Comcast’s international footprint and boost its entertainment portfolio at a time when it’s facing pressure in its video business as more consumers cut the cord and turn to internet-delivered video services like Netflix.…

  • Malaysia says U.S. to monetize and return assets seized from 1MDB probe

    Malaysia says U.S. to monetize and return assets seized from 1MDB probe

    [ad_1] KUALA LUMPUR (Reuters) – The U.S. ambassador to Malaysia has told Kuala Lumpur that assets seized by the United States as part of its probe into the 1MDB fund will be monetized and returned to Malaysia, the Southeast Asian nation’s finance minister said. FILE PHOTO: A construction worker talks on the phone in front…

  • Volkswagen labour boss says will block sale of specialist assets

    Volkswagen labour boss says will block sale of specialist assets

    [ad_1] WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) powerful works council will continue to block the potential sale of specialist industrial assets and instead seek to work with the carmaker’s new chief executive to develop them, its labour leader told Reuters. FILE PHOTO: Bernd Osterloh, head of Volkwagen’s works council, addresses a news conference at the…

  • Volkswagen’s labor boss aims to foster, not sell, non-core assets

    Volkswagen’s labor boss aims to foster, not sell, non-core assets

    [ad_1] WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) powerful works council will continue to block potential sales of the carmaker’s non-core industrial assets and instead seek steps with the new chief executive to advance the units, its top labor leader said in an interview. FILE PHOTO: Bernd Osterloh, head of Volkwagen’s works council, addresses a news…

  • Disney, Fox carved out assets ‘surgically’: U.S. antitrust chief

    Disney, Fox carved out assets ‘surgically’: U.S. antitrust chief

    [ad_1] NEW YORK (Reuters) – Walt Disney Co’s (DIS.N) $52.4 billion deal to acquire most of Twenty-First Century Fox Inc’s (FOXA.O) assets was “surgically” structured on good advice to be submitted to regulators, Makan Delrahim, assistant attorney general for the U.S. Department of Justice’s antitrust division, said on Thursday. FILE PHOTO: The water tank of…

  • Saudi Aramco restructures non-oil assets ahead of IPO: sources

    Saudi Aramco restructures non-oil assets ahead of IPO: sources

    [ad_1] DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO). Aramco employees walk towards an Aramco private flight at…

  • Comcast in advanced stages of preparing all-cash bid for Fox assets

    Comcast in advanced stages of preparing all-cash bid for Fox assets

    [ad_1] Comcast said Wednesday it is in “advanced stages of preparing” a “superior” all-cash offer for the parts of Twenty-First Century Fox that Rupert Murdoch’s company has agreed to sell to Walt Disney. Comcast, CNBC’s parent company, said in a statement that the offer would top the value of the deal with Disney, but no…

  • Comcast cash bid for Fox assets may have thorny tax issues: Sources

    Comcast cash bid for Fox assets may have thorny tax issues: Sources

    [ad_1] Comcast‘s efforts to outbid Walt Disney for Twenty-First Century Fox assets may run into tax hurdles, sources told CNBC’s David Faber. The telecommunications giant said Wednesday it is in “advanced stages of preparing” a “superior” all-cash offer for parts of Fox. Disney agreed in December to acquire those assets, which include Fox’s movie studios…

  • Why investors should own mainland China assets: Bank Julius Baer

    Why investors should own mainland China assets: Bank Julius Baer

    [ad_1] Jitters over U.S.-China trade tensions might have spooked markets earlier this year, but that doesn’t mean investors should shy away from mainland Chinese assets, Mark Matthews, head of Asia research at Bank Julius Baer, told CNBC on Wednesday. “I think people should own China, absolutely,” Matthews told CNBC’s Sri Jegarajah. For starters, the size…

  • Public sector assets saw a record $2.5 trillion surge in value last year

    Public sector assets saw a record $2.5 trillion surge in value last year

    [ad_1] A global economic upswing helped the value of assets at central banks, sovereign funds and public pension funds hit $38.7 trillion in 2017, according to new research by London-based think tank OMFIF. That was a 7 percent rise of $2.5 trillion, with public assets totaling $36.2 trillion in 2016. The organization said it was…

  • CPP’s total assets increased by almost $40B in past year

    CPP’s total assets increased by almost $40B in past year

    [ad_1] The people who invest the Canada Pension Plan’s money earned a return of 11.6 per cent in the past year once all the costs were paid, enough to boost the fund’s total assets by almost $40 billion. The Canada Pension Plan Investment Board invests the money not needed to pay out current benefits for…

  • Conoco authorized to seize $636 million in Venezuela PDVSA assets

    Conoco authorized to seize $636 million in Venezuela PDVSA assets

    [ad_1] WILLEMSTAD Reuters – – A Curacao court has authorized ConocoPhillips (COP.N) to seize about $636 million in assets belonging to Venezuela’s state oil company PDVSA due to the 2007 nationalization of the U.S. oil major’s projects in Venezuela. A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22,…

  • Founder of Chinese company with billions in B.C. assets gets 18 years for fraud

    Founder of Chinese company with billions in B.C. assets gets 18 years for fraud

    [ad_1] A court in Shanghai sentenced the founder of a Chinese insurance company that owns extensive assets in B.C. to 18 years in prison Thursday after he pleaded guilty to fraudulently raising billions of dollars from investors, state media reported. Shanghai’s No. 1 Intermediate People’s Court also ordered the confiscation of 10.5 billion yuan ($1.6 billion) in…

  • Vodafone agrees 18.4 billion euro deal to buy some Liberty assets

    Vodafone agrees 18.4 billion euro deal to buy some Liberty assets

    [ad_1] LONDON (Reuters) – Vodafone Group has agreed an 18.4 billion euro ($21.8 billion) deal to buy cable TV company Liberty Global’s (LBTYA.O) operations in Germany, Czech Republic, Hungary and Romania. FILE PHOTO: FILE PHOTO: Branding hangs outside a Vodafone shop in Oxford, Britain, May 16, 2017. REUTERS/Toby Melville Vodafone said adding Liberty’s cable TV…

  • How Disney and Comcast could split Fox assets instead of bidding war

    How Disney and Comcast could split Fox assets instead of bidding war

    [ad_1] Comcast’s plan to outbid Disney for Fox’s assets is evidence that CEO Brian Roberts believes the deal is too unique for Comcast to pass up without a fight. (Comcast owns NBCUniversal, the parent company of CNBC.) Pushing away Disney won’t be easy. Fox Executive Chairman Rupert Murdoch already agreed to take less money from…

  • Conoco moves to take over Venezuelan PDVSA’s Caribbean assets: sources

    Conoco moves to take over Venezuelan PDVSA’s Caribbean assets: sources

    [ad_1] HOUSTON (Reuters) – U.S. oil firm ConocoPhillips (COP.N) has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to two sources familiar with its actions. FILE PHOTO: Logos of ConocoPhillips are seen in its…

  • Volkswagen weighs spin-offs of non-core assets: CEO

    Volkswagen weighs spin-offs of non-core assets: CEO

    [ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is pondering spin-offs of non-core assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the group seeks to boost its efficiency and become more nimble. Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May…

  • U.S. sanctions on Vekselberg have $1.5-$2 billion assets frozen: sources

    U.S. sanctions on Vekselberg have $1.5-$2 billion assets frozen: sources

    [ad_1] ZURICH/MOSCOW – Assets totaling between $1.5 billion and $2 billion have been frozen as a result of sanctions imposed on Russian oligarch Viktor Vekselberg and his Renova Group conglomerate, two sources close to the matter told Reuters on Saturday. FILE PHOTO: Chairman of the Board of Directors of Renova Group, Viktor Vekselberg attends a…

  • Safe haven assets slide on hope Syria mission is accomplished

    Safe haven assets slide on hope Syria mission is accomplished

    [ad_1] LONDON (Reuters) – Investors shed safe-haven assets such as gold and government bonds while oil prices plummeted on Monday on expectations that the weekend’s missile attacks on Syria would not mark the start of greater Western involvement in the conflict there. FILE PHOTO: The German share price index, DAX board, is seen at the…

  • Elders to sell Indonesian assets

    [ad_1] Agribusiness Elders has decided to sell its underperforming feedlot and processing assets in Indonesia, and will extend its agricultural chemicals business and livestock agency operations in Australia. Elders Indonesia operates a feedlot with a capacity of about 8,200 head, as well as an abattoir. Elders has decided to sell the assets, following a performance…

  • WPP probes accusations of ‘improper’ CEO behavior, use of assets: WSJ

    WPP probes accusations of ‘improper’ CEO behavior, use of assets: WSJ

    [ad_1] (Reuters) – British advertising company WPP Plc (WPP.L) is looking into accusations of “improper personal behavior” by chief executive Martin Sorrell, the Wall Street Journal reported on Tuesday. Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends a conference at the Cannes Lions Festival in Cannes, France, June 23, 2017.…

  • Shares in assets of Russia’s Summa group fall after billionaire owner detained

    Shares in assets of Russia’s Summa group fall after billionaire owner detained

    [ad_1] MOSCOW (Reuters) – Shares in Russian transport companies that are part-owned by Summa Group fell on Monday after its billionaire owner Ziyavudin Magomedov was detained on embezzlement charges. FILE PHOTO – Ziyavudin Magomedov, the co-owner of Russia’s Summa investment and trading group that was involved in construction of a soccer World Cup venue in…

  • TOWIE’s Yazmin Oukhellou flaunts her ample assets in skimpy swimwear

    TOWIE’s Yazmin Oukhellou flaunts her ample assets in skimpy swimwear

    [ad_1] The future of her relationship with James Lock was left in doubt after he let rip at her during an explosive spat in Barcelona.  And TOWIE‘s Yazmin Oukhellou sizzled as she posed up a storm in skimpy swimwear during a stunning rooftop photoshoot in the Spanish City last month, before her relationship drama took…

  • Risk assets jump on reports of U.S.-China trade talks

    Risk assets jump on reports of U.S.-China trade talks

    [ad_1] LONDON (Reuters) – Stock markets jumped and the dollar fell on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors’ appetite for riskier assets. FILE PHOTO – A woman walks past an electronic board showing the graphs of the recent movements of Japan’s Nikkei average…

  • China fund assets under management to double amid regulatory changes

    China fund assets under management to double amid regulatory changes

    [ad_1] Courtesy: Oliver Wyman While those regulations are expected to see asset managers grow their share of the asset management industry, “quasi” asset managers, including bank wealth management products, are likely to be on the losing end of the development in the immediate term. Correspondingly, asset managers are expected to see their share of the…

  • Kaley Cuoco shows off her assets and her underwear

    Kaley Cuoco shows off her assets and her underwear

    [ad_1] She was all dressed up for a very good cause. And Big Bang Theory beauty Kaley Cuoco made sure she stood out from the crowd at the Hilarity For Charity event on Saturday night in a very daring dress. The actress showed her support for Seth Rogen, who  hosted his annual Hilarity For Charity variety…

  • GSK pulls out of $20 billion race for Pfizer consumer assets

    GSK pulls out of $20 billion race for Pfizer consumer assets

    [ad_1] LONDON (Reuters) – GlaxoSmithKline (GSK.L) has quit the race to buy Pfizer’s (PFE.N) consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion. It was not immediately clear whether there were other offers for the business, which includes Advil painkillers and Centrum vitamins, following this week’s…

  • Epic Games Releases All Paragon Assets For Free – News

    Epic Games Releases All Paragon Assets For Free – News

    [ad_1] The untimely demise of MOBAs like Gigantic and Paragon are telltale signs of how unpredictable video game industry trends can be. In regard to the latter, Epic Games went a step further by refunding PC and PS4 players who had purchased the game and any DLC released for it. With the runaway success of Fortnite…

  • Toys ‘R’ Us files to liquidate assets

    Toys ‘R’ Us files to liquidate assets

    [ad_1] (Reuters) – Toys ‘R’ Us Inc, the iconic U.S. toy retailer, is liquidating all its U.S. stores after failing to find a buyer or reach a restructuring deal with creditors to push its indebted business out of bankruptcy, the company said on Thursday. The company also said it is engaged in discussions with some…

  • UK expels 23 Russia envoys, freezes assets

    [ad_1] Britain will expel 23 Russian diplomats over a nerve toxin attack on a Russian ex-spy in England, Prime Minister Theresa May says, describing the attack as an unlawful use of force by Russia against the United Kingdom. May says Britain would also introduce new measures to strengthen defences against hostile state activities and freeze…

  • Bitcoin price LIVE: BTC falls, Ripple CEO says Bitcoin is the ‘Napster of digital assets’ | City & Business | Finance

    Bitcoin price LIVE: BTC falls, Ripple CEO says Bitcoin is the ‘Napster of digital assets’ | City & Business | Finance

    [ad_1] 7.30am MORNING HEADLINES Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is currently priced at $9,149 after falling from $9,823 overnight. Ripple CEO, Brad Garlinghouse has come out fighting over comparisons made between his burgeoning cryptocurrency XRP and BTC, the current market…

  • Broadcom says will not sell national security assets to foreign firms

    Broadcom says will not sell national security assets to foreign firms

    [ad_1] (Reuters) – Broadcom Ltd (AVGO.O) said in a letter to U.S. Congress on Friday that it will not sell any critical national security assets to any foreign companies if its $117 billion deal to buy chipmaker Qualcomm Inc (QCOM.O) is approved. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd…

  • Female-led investor group scraps deal for Weinstein assets

    Female-led investor group scraps deal for Weinstein assets

    [ad_1] (Reuters) – The female-led investor group that had agreed to buy The Weinstein Company’s assets pulled its offer on Tuesday, and lead investor Maria Contreras-Sweet said the decision was made after the group “received disappointing information.” Maria Contreras-Sweet listens to remarks during her ceremonial swearing-in as Administrator of the Small Business Administration at the…

  • Female-led investor group to buy Weinstein Co assets

    Female-led investor group to buy Weinstein Co assets

    [ad_1] (Reuters) – A former Obama administration official on Thursday reached a deal to purchase assets of The Weinstein Company and said she will use a majority-female board to rebuild the Hollywood studio tarnished by sexual misconduct allegations. FILE PHOTO – Maria Contreras-Sweet listens to remarks during her ceremonial swearing-in as Administrator of the Small…

  • Female-led investor group says it is buying Weinstein Co assets

    Female-led investor group says it is buying Weinstein Co assets

    [ad_1] (Reuters) – A former Obama administration official said on Thursday she had reached a deal to purchase assets of The Weinstein Company and will use a majority-female board to rebuild the Hollywood studio tarnished by sexual misconduct allegations. Former Small Business Administration chief Maria Contreras-Sweet said in a statement that she plans to launch…

  • ABLV owners to liquidate bank to protect assets and clients

    ABLV owners to liquidate bank to protect assets and clients

    [ad_1] STOCKHOLM (Reuters) – The owners of Latvia’s ABLV Bank, accused by U.S. authorities of large-scale money laundering, have decided to liquidate the lender after the European Central Bank said on Saturday it would be wound up, ABLV told Reuters on Monday. Main owners Ernests Bernis and Olegs Fins, who each hold stakes of 43.5…