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Exclusive: Russia expects to recover far less from "bad bank" assets - sources

Russia will dramatically cut its estimate of the sum it expects to recover from a "bad bank" set up after the collapse of three major lenders, according to three sources familiar with new calculations being prepared for the central bank......»»

Category: topSource: reutersFeb 12th, 2019

Exclusive: Energy trader Gunvor mulls asset sales after first annual loss

Energy trader Gunvor Group is considering selling non-core assets in Russia and finding a strategic partner for its German refinery as it tries to recover from the first-ever annual loss it suffered in 2018, trading and banking sources said. .....»»

Category: topSource: reutersFeb 26th, 2019

Exclusive: Venezuela shifts oil ventures" accounts to Russian bank - document, sources

Venezuela's state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russia's Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday......»»

Category: topSource: reutersFeb 9th, 2019

Exclusive: Brazil telecom Oi hires BofA Merrill Lynch to sell some assets: sources

Brazilian telecoms carrier Oi SA has hired Bank of America Merrill Lynch to sell noncore assets such as cellphone towers and data centers, two people with knowledge of the matter said on Thursday......»»

Category: topSource: reutersJan 10th, 2019

Exclusive: China Development Bank supervising HNA asset sales - sources

China Development Bank (CDB) is leading a team to supervise HNA Group's asset disposals as the heavily indebted conglomerate scales back operations to a point that will leave it holding only core assets, people familiar with the situation said......»»

Category: topSource: reutersDec 14th, 2018

Exclusive: EDP readies sale of electricity generation assets in Portugal - sources

EDP-Energia de Portugal is working on a plan to sell some of its electricity generation assets in Portugal, three sources close to the matter said, in an effort to free up cash to drive its renewable energy expansion......»»

Category: topSource: reutersMar 8th, 2019

Michael Cohen Was Also Paid by Kazakh Bank for Consulting After Election

Kazakhstan’s BTA Bank JSC paid Cohen to help recover allegedly stolen assets in the U.S., a lawyer for the bank said. Kazakhstan's BTA Bank JSC paid former Donald.....»»

Category: europeSource: fortuneFeb 27th, 2019

JPMorgan keeps key profit goal, cautious on U.S. recession risks

JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Tuesday it expects to face rising costs for deposits, a key part of its business, and slowing global economic growth......»»

Category: topSource: reutersFeb 26th, 2019

Exclusive: Brazil"s state bank Caixa close to selling $2.4-billion Petrobras stake - sources

Brazilian state-owned bank Caixa Economica Federal is close to selling a 9-billion-real ($2.4 billion) stake it owns in oil company Petroleo Brasileiro SA, two sources with knowledge of the matter said on Tuesday......»»

Category: topSource: reutersFeb 26th, 2019

Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools - sources

China's central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a move, policy sources told Reuters......»»

Category: topSource: reutersFeb 21st, 2019

Exclusive: U.S. regulator drops fine against Citi over fair-lending claims - sources

A top U.S. bank regulator has decided not to fine Citigroup for discriminating against minority mortgage borrowers, dropping the public rebuke that some officials had sought, two people familiar with the matter told Reuters......»»

Category: topSource: reutersJan 30th, 2019

Exclusive: Naspers nears full control of Russian classified platform Avito - sources

South African media and e-commerce group Naspers is nearing a deal to take full control of Russia's largest classified advertising platform Avito by buying the remaining 32 percent it does not already own, two sources told Reuters......»»

Category: topSource: reutersJan 25th, 2019

Exclusive: Kazakhstan urgently looking for bank to take over Tsesnabank - sources

The Kazakh authorities are urgently looking for a bank to take over no. 2 lender Tsesnabank as they believe it needs new financing to prevent a collapse, three sources familiar with the discussions told Reuters......»»

Category: topSource: reutersJan 25th, 2019

U.S. bank Citi to shrink Russia branch network, but expects to do more business

The Russian arm of U.S. bank Citi said on Wednesday it planned to reduce the number of its offices in the country, but expected to do more business this year......»»

Category: topSource: reutersJan 23rd, 2019

Exclusive: Mitsui, Saudi Aramco, Russia"s RDIF in talks to buy Arctic LNG 2 stakes - sources

Japan's Mitsui & Co Ltd , Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek's Arctic LNG 2 project, with the size of the investments still to be decided, sources familiar with the talks told Reuters......»»

Category: topSource: reutersDec 21st, 2018

Exclusive: Russia"s Deripaska prepares to cede control of Rusal, En+ - sources

Russian tycoon Oleg Deripaska is preparing to cede control of Rusal and its parent En+ , moving part of his En+ stake to a blind trust, as talks with the United States on lifting sanctions advance, three sources familiar with the talks said......»»

Category: topSource: reutersDec 19th, 2018

Exclusive: Chat-service firm Slack taps Goldman Sachs to lead IPO - sources

Slack Technologies Inc, a provider of chat and direct messaging services for businesses, has hired investment bank Goldman Sachs Group Inc to lead its initial public offering (IPO) next year as an underwriter, people familiar with the matter said......»»

Category: topSource: reutersDec 7th, 2018

Exclusive: U.S. probe of China"s Huawei includes bank fraud accusations: sources

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Category: topSource: reutersDec 6th, 2018

Exclusive: U.S. probe of China"s Huawei includes bank fraud accusations - sources

Chinese telecoms giant Huawei's chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to sources familiar with the situation......»»

Category: topSource: reutersDec 6th, 2018

Exclusive: Russia plans stiffer fines for tech firms that break rules - sources

Russia plans to impose stiffer fines on technology firms that fail to comply with Russian laws, sources familiar with the plans said, raising the stakes in the Kremlin's fight with global tech giants such as Facebook and Google......»»

Category: topSource: reutersNov 26th, 2018

Exclusive: Russian state bank secretly financed Rosneft sale after foreign buyers balked

It was billed as the deal that proved Russia remained open for business......»»

Category: topSource: reutersNov 9th, 2018