 |
BASF warns on 2015 earnings as oil fall forces writedownBASF announced a 600-million-euro ($653 million) charge for the fourth quarter citing low oil prices and warned of lower-than-expected 2015 earnings, sending its shares lower. Low oil prices, normally a boon to More… |
 |
Almarai sees $36m writedown on Zain stakeSaudi's Almarai, a founding shareholder in Zain Saudi, will likely take a $36 million impairment on its stake in the telecoms carrier at the end of 2011 if the shares remain stuck near current levels, the company's chief financial officer More… |
 |
Arcapita posts $190m loss due to provisionsBahrain-based investment house Arcapita said it has recorded a loss of $190.7 million for the six months ending December 31, 2009, attributable largely to the write down of $168.2 million on the portfolio. The Isl More… |
 |
Swiss Re writes down $5.3bnSwiss Re wrote down 6 billion Swiss francs ($5.25 billion) in toxic assets and said Warren Buffett was investing 3 billion Swiss francs as its shareholder's equity dipped to an uncomfortable level. The world's second-largest reinsu More… |
 |
ABC posts $71m loss after write-downBahrain-based Arab Banking Corporation (ABC) has reported a net loss of $71 million for the second quarter of 2008. This follows the write-down in entirety of its remaining net exposures to collateralized debt obligations (CDOs) of $134 mi More… |
 |
Merrill write-down may hit $5.4bnMerrill Lynch will likely write down $5.4 billion of securities in the second quarter, mainly due to its exposure to bond insurers, an analyst at Lehman Brothers said. The quarterly write-down estimate, one of the highest yet for Merrill L More… |
