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Leadership Business Events

  • PUERTO RICO BANKRUPTCY JUDGE LAURA TAYLOR SWAIN GRANTS PUERTO RICO'S MOTION TO COMBINE BANKRUPTCIES OF COMMONWEALTH AND COFINA.

  • PUERTO RICO BANKRUPTCY JUDGE LAURA TAYLOR SWAIN SAYS "DEVOTING ALL OUR TIME TO LITIGATION CANNOT" BE WAY FORWARD.

  • BOARD LAWYER EXPECTS RESTRUCTURING DEALS OR TITLE III BANKRUPTCY PROCEEDINGS SOON FOR UNIVERSITY OF PUERTO RICO, WATER AUTHORITY PRASA.

  • ZURICH, May 17- Switzerland votes on Sunday on a new energy law, titled "Energy Strategy 2050," that includes billions of Swiss francs in subsidies to support new renewable supplies and energy efficiency, while banning new nuclear power plants. *Bans new nuclear power plants ahead of the eventual phase out of Switzerland's five plants, with the first closing in...

  • May 17- Puerto Rico on Wednesday will face investors for the first time in a bankruptcy court, as it kicks off the biggest and most divisive debt restructuring in U.S. public finance history. While Wednesday's hearing, in federal court in San Juan, is only the start of a process that could take months or years, it is also a culmination of more than two years of bitter...

  • May 17- Puerto Rico on Wednesday will face investors for the first time in a bankruptcy court, as it kicks off the biggest and most divisive debt restructuring in U.S. public finance history. While Wednesday's hearing, in federal court in San Juan, is only the start of a process that could take months or years, it is also a culmination of more than two years of bitter...

  • WASHINGTON/ DETROIT, May 16- Investors on Tuesday shrugged off media reports that Ford Motor Co will announce plans to cut thousands of white-collar workers, highlighting the challenges facing Chief Executive Mark Fields. Fields, whose nearly three years at the helm have been marked by a languishing share price, is expected to announce as early as this week Ford...

  • *Morocco wants at least $2 billion for plant- sources. DUBAI/ LONDON, May 15- Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to buy Morocco's only oil refinery, hoping to recoup about $600 million in loans they issued to the plant before it went bankrupt, industry sources said. Two sources close to the process...

  • LONDON, May 16- Anglo-South African financial services firm Old Mutual is selling 17 million shares in U.S. fund firm Old Mutual Asset Management, it said on Tuesday, cutting its minority stake in the firm by a further 15 percent. Old Mutual is selling 17.3 million shares in OMAM in a secondary offering at $14.55 per share, it said in a statement.

  • WASHINGTON/ DETROIT, May 15- Ford Motor Co plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on Monday. The cuts are part of a previously announced plan to slash costs by $3 billion, the person said, as U.S. new vehicles auto sales have...

  • WASHINGTON/ DETROIT, May 15- Ford Motor Co plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on Monday. The move is part of a previously-announced plan to cut costs by $3 billion, as U.S. new vehicles auto sales have shown signs of...

  • CALGARY, Alberta, May 15- Pieridae Energy Ltd, the company behind a proposed liquefied natural gas terminal on Canada's east coast, is looking to buy producing assets in western Canada or in the Marcellus shale play in the United States, its chief executive said on Monday. Alfred Sorensen told Reuters in a phone interview that Calgary- based Pieridae wanted to buy...

  • NEW YORK, May 15- Debt-laden Puerto Rico announced on Monday that the Government Development Bank, once the primary fiscal agent for the U.S. territory, has reached a liquidation deal with its creditors, avoiding a protracted bankruptcy. The agreement would be executed through a so-called Title VI proceeding under PROMESA, the federal rescue law for Puerto Rico,...

  • NEW YORK, May 15- Debt-laden Puerto Rico announced on Monday that the Government Development Bank, once the primary fiscal agent for the U.S. territory, has reached a liquidation deal with its creditors, avoiding a protracted bankruptcy. The agreement would be executed through a so-called Title VI proceeding under PROMESA, the federal rescue law for Puerto Rico,...

  • NEW YORK, May 15- Debt-laden Puerto Rico announced on Monday that the Government Development Bank, once the primary fiscal agent for the U.S. territory, has reached a liquidation deal with its creditors, avoiding a protracted bankruptcy. The agreement would be executed through a so-called Title VI proceeding under PROMESA, the federal rescue law for Puerto Rico,...

  • Autoverkehr before the Italian toll booth on the Europastrasse E 45 at the Brenner near Sterzing.

    Italian infrastructure group Atlantia has launched a cash-and-share offer on Abertis on Monday, in a deal that values the Spanish rival at 16.34 billion euros ($18 billion).

  • BAKU, May 13- International Bank of Azerbaijan, the energy exporting country's biggest lender, said on Saturday a U.S. court had supported its petition to prevent creditors from pursuing legal action in the United States, giving it time to restructure $3.3 billion debt. Such a petition is not a bankruptcy filing but stops creditors from pursuing legal actions in...

  • SAO PAULO, May 12- Odebrecht Ôleo& Gás SA, the offshore oil drilling firm owned by Brazil's Odebrecht SA, has obtained support from more than 60 percent of its creditors for a restructuring of about $5 billion in debt, two sources with knowledge of the matter said on Friday. OOG is among Odebrecht SA subsidiaries struggling with a widespread slowdown in Latin...

  • May 12- Azerbaijan's biggest bank, the International Bank of Azerbaijan, published on Friday an indicative restructuring plan after it suspended payments on some of its debts. FBME Bilateral loan N/A USD 111,615,361 Intesa Sanpaolo Trade finance 09/ 07/ 18 EUR 529,635 Rubrika Finance Subordinated 10/ 05/ 17 USD 100,000,000 Company Ltd debt Landesbank Trade...

  • *Azerbaijan's economy hit by low oil prices. BAKU/ TBILISI, May 12- International Bank of Azerbaijan, the energy exporting country's biggest lender, said on Friday it needed to restructure more than $3 billion of its debt, most owed to foreign creditors, to tackle bad loans left over from the slump in oil prices. The problems at the bank show how Azerbaijan is still...