World Briefing | Asia: China: Horse Racing To Return The government has approved regular horse racing at the Orient Lucky City racecourse in Wuhan, the main city in Hubei Province, starting in September, and is considering allowing legal gambling on the... Read Full Article Nintendo Lifts Forecast On Success Of Wii And DS The gamemaker raised its annual outlook above market expectations after quarterly operating profit more than tripled on robust demand for its game machines.... Read Full Article World Briefing | Europe: Czech Republic: Hospital In Baby Mix-Up Fires 2 Two nurses were responsible for ’serious mistakes? in which two baby girls were swapped at birth 10 months ago and ended up in the wrong families, and they will be fired, a hospital in Trebic said.... Read Full Article China Notes Pollution At Three Gorges Dam China’s State Environmental Protection Administration said on Tuesday that water quality is barely improving in the main body of water behind the Three Gorges Dam.... Read Full Article With Modest Good News, Modest Gains Consumers and producers alike spent more than expected last month, the government said Friday in two reports, offering investors a mixed economic outlook.... Read Full Article |
Assets NewsCitigroup aims to put $500bn of assets on the block$Vikram Pandit, the chief executive of Citigroup, has announced plans to shed $500 billion ($£256 billion) of assets but has rejected pressure to break his sprawling banking conglomerate in two.Read Full Article GLG hedge fund braced for $5bn exodus$GLG Partners, the London-based hedge fund reeling from the departure of Greg Coffey, is bracing itself for a mass exodus of as much as $5 billion in investment assets as disillusioned investors follow their star Australian fund manager out of the door.$Read Full Article Government Intensifies Mortgage InvestigationThe F.B.I. and the criminal unit of the I.R.S. have formed a task force to examine mortgages made with little or no proof of borrowers? earnings or assets, an official said.Read Full Article Williams Profit Soars, Beating EstimatesThe natural gas producer said first-quarter profit nearly quadrupled to $500 million as higher production and prices and the sale of international assets lifted results.Read Full Article Big companies set to fight global crisis with job cutsBritain’s top 350 companies plan to cut spending and jobs and to dispose of assets as they struggle to cope with the credit crisis, but only a few are considering cutting dividends, according to a survey by Deloitte, the accounting firm.<br/> <br/> Deloitte interviewed finance directors of British companies with a combined market capitalisation of almost £100 billion and found that credit conditions had worsened in this year’s first quarter, even when compared with the depths of the credit crunch in the second half of last year. About 73 per cent of finance directors said that credit was more expensive, up from 64 per cent last December.<br/> <br/> Sixty-two per cent said that credit had become more difficult to secure, up from 48 per cent last September.<br/> <br/> Ian Stewart, associate director of Deloitte Research, said, however, that finance directors continued to prefer bank loans to raising cash via rights issues or bond issues. “Debt markets are, for a lot of companies, closed or disrupted and equity markets have weakened or are undervalued, so that’s not an attractive option,” he said. “So they still say that their first port of call is their banks.”<br/> <br/> Finance directors believe that the credit crunch has at least six months left to run and 44 per cent of them plan to raise the gearing of their company in the next 12 months. Despite a rights issue of about £10 billion expected to be announced by Royal Bank of Scotland tomorrow, Mr Stewart said that finance directors “overwhelmingly say that now is not a good time to raise equity”. Seventy-eight per cent feel that equity in their company is undervalued, up from 69 per cent in December.<br/> <br/> Discretionary spending, such as travel, entertaining and training, will be the first to go as the credit squeeze continues. More than half of companies plan to slow down hiring and almost 40 per cent are considering cutting workforces. Just under a third plan to sell assets to raise capital.<br/> <br/> Only 3 per cent would consider cutting payments to shareholders to save cash. Mr Stewart said: “The dividend is seen as a signal of long-term strategy.”Read Full Article External News for: assetsKinder Morgan May Buy ConocoPhillips Assets, CFO Says - BloombergKinder Morgan May Buy ConocoPhillips Assets, CFO SaysBloomberg20 (Bloomberg) -- Kinder Morgan Energy Partners LP, the second-largest pipeline partnership by market value, may buy some pipeline and terminal assets from ...and more »Kinder Morgan May Buy ConocoPhillips Assets, CFO Says - BloombergKinder Morgan May Buy ConocoPhillips Assets, CFO SaysBloomberg20 (Bloomberg) -- Kinder Morgan Energy Partners LP, the second-largest pipeline partnership by market value, may buy some pipeline and terminal assets from ...and more »Brookfield Asset Management and Brookfield Infrastructure Partners Completes ... - CNNMoney.com (press release)Brookfield Asset Management and Brookfield Infrastructure Partners Completes ...CNNMoney.com (press release)Brookfield's newly acquired portfolio of infrastructure assets is diversified across asset classes, geographies and regulatory regimes. ...and more »Kinder Morgan May Buy ConocoPhillips Assets, CFO Says - BloombergKinder Morgan May Buy ConocoPhillips Assets, CFO SaysBloomberg20 (Bloomberg) -- Kinder Morgan Energy Partners LP, the second-largest pipeline partnership by market value, may buy some pipeline and terminal assets from ...and more »Brookfield Asset Management and Brookfield Infrastructure Partners Completes ... - CNNMoney.com (press release)Brookfield Asset Management and Brookfield Infrastructure Partners Completes ...CNNMoney.com (press release)Brookfield's newly acquired portfolio of infrastructure assets is diversified across asset classes, geographies and regulatory regimes. ...and more »EMERGING MARKETS-latam assets little changed in cautious trade - ReutersEMERGING MARKETS-latam assets little changed in cautious tradeReutersNEW YORK, Nov 20 (Reuters) - Latin American assets were little changed on Friday on investor concern about the sustainability of the ...and more » |
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