Latest news with #assets
Bloomberg
20 minutes ago
- Business
- Bloomberg
Swiss Bank EFG Warns of Weakening Dollar as Net Profit Jumps 36%
EFG International AG said a weakening dollar mostly eroded the value of its assets by 11.7 billion Swiss francs ($14.8 billion) in the first half of the year as the Swiss bank reported a 36% gain in net profit. Revenue-generating assets shrank 2% from a year earlier to 162.3 billion francs, with net new assets and favorable market performance helping cushion the foreign-exchange impact, the Zurich-based firm said in a statement on Wednesday.
Bloomberg
12 hours ago
- Business
- Bloomberg
ConocoPhillips Nears $1.3 Billion Asset Sale to Flywheel Energy
ConocoPhillips is in advanced talks to sell some of its Oklahoma assets to closely held Flywheel Energy LLC for around $1.3 billion, as it streamlines its portfolio, people familiar with the matter said. The two companies could announce the deal in coming weeks, according to the people, who asked not to be identified because the information is private. Houston-based ConocoPhillips had been exploring the sale of oilfield acreage in Oklahoma's Anadarko Basin, the people said. Talks could also still fall apart.
Reuters
a day ago
- Business
- Reuters
Dutch court lifts seizure of Gazprom's local assets
July 22 (Reuters) - A court in The Hague has lifted a seizure order on Russian energy giant Gazprom's ( opens new tab assets in the Netherlands, a ruling published on the court's website showed. The ruling last week shows that the assets in question were Gazprom's shares in gas producers Wintershall Noordzee and Gazprom International Projects B.V.. The seizure was introduced under two separate cases lodged by Ukrainian companies called Slavutich-Invest and Zhniva over losses related to Russia's actions in Ukraine. However, the Dutch court ruled that seizing Gazprom's assets may interfere with the principle of state immunity, which means Dutch courts cannot judge the actions of another state or state entity. Gazprom did not reply to a request for comment.
Reuters
a day ago
- Politics
- Reuters
Brazil's top court freezes accounts, assets of Bolsonaro's son, CNN Brasil reports
SAO PAULO, July 21 (Reuters) - Brazilian Supreme Court Justice Alexandre de Moraes ordered to freeze the accounts and assets of Eduardo Bolsonaro, son of former President Jair Bolsonaro, CNN Brasil reported on Monday, citing a confidential decision issued on Saturday. Eduardo is a Brazilian congressman who has been in Washington to drum up support for his father.
Bloomberg
2 days ago
- Business
- Bloomberg
No Good Alternative to the Dollar: Koning
Barclays FX Strategist Skylar Montgomery Koning says there hasn't been a mass exodus from US assets based on flows but that hedge ratios have adjusted. She speaks to Bloomberg's Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern on 'Bloomberg Surveillance.' (Source: Bloomberg)
