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  • SAO PAULO, March 24- A group of unidentified Oi SA bondholders has hired Moelis& Co to advise on a plan by Brazil's most indebted phone carrier to restructure part of its 55 billion reais in obligations, a source with direct knowledge of the matter said on Thursday. The group owns about $2.5 billion in Oi notes, said the source, who requested anonymity to speak freely...

  • HONG KONG, March 24- Bohai Steel Group's 2017 bonds held steady on Thursday, after bouncing from lows following reports the Chinese state-owned steelmaker was planning to restructure $29.61 billion in debt. China's steelmakers are in the eye of a storm as Beijing moves to slim down bloated industries, including steel and coal, to make the economy more efficient...

  • *Possible sale of near 20 pct stake in Yum China- sources. Yum plans to spin off its 6,900 restaurants in China, which account for about half of the company's total sales, by the end of 2016. Yum China will list on the New York Stock Exchange, and possibly in Hong Kong. Yum Brands Inc, the home of KFC and Pizza Hut, has been falling behind rival McDonald's Corp as the pair...

  • SINGAPORE/ HONG KONG, March 24- Private equity firm Hopu Investments is among the investors that Yum Brands Inc is in talks to sell a minority stake in its China unit to, sources familiar with the matter told Reuters. KKR& Co is other firm is in talks about buying a near 20 percent stake that Yum is looking to sell in its China unit, which is valued about $10 billion, the...

  • March 23- The Oklahoma City Public Schools District will eliminate 208 classroom teaching positions to help grapple with a $30 million revenue shortfall, the district's top official said on Wednesday. Eliminating the teaching positions will save the state's largest school district roughly $8 million, Superintendent Rob Neu said in a memo to teachers.

  • *Yum Brands up on talks to sell stake in China business. March 23- Wall Street closed lower on Wednesday as oil and materials share prices dropped while investors remained cautious a day after deadly bombing attacks in Belgium. "That's basically what's leaning on the market today," said Peter Cardillo, Chief Market Economist at First Standard Financial in New York.

  • *Yum Brands up on talks to sell stake in China business. March 23- Falling oil and materials prices dragged the benchmark S&P 500 index lower for the year on Wednesday, while investors remained cautious a day after deadly bombing attacks in Belgium. "That has caused somewhat of a headwind for stocks," said Bucky Hellwig, senior vice president at BB&T Wealth...

  • LONDON, March 23- Credit Suisse's announcement on Wednesday that it will lay off thousands more employees from its trading operations shows how much ground Europe's big banks are losing to U.S. rivals in financial market trading. Last year, European banks grossed $26 billion from FICC while the U.S. banks made $43 billion, the data showed, meaning Europe's 26...

  • *Yum Brands up on talks to sell stake in China business. March 23- A decline in energy stocks weighed on Wall Street on a quiet Wednesday as investors shied away from big bets after the Brussels attacks and ahead of the long Easter weekend. "We don't like to have big positions over long weekends, and we'll probably work on cleaning those up over the next few days so we can...

  • March 23- Yum Brands Inc, the owner of the KFC and Pizza Hut chains, is in talks with private equity company KKR& Co LP and others about a possible sale of a 19.9 percent stake in its China business, the Wall Street Journal reported, citing people familiar with the matter. The KFC and Pizza Hut owner is planning to spin off Yum China by the end of 2016 and list it on the New...

  • March 23- Yum Brands Inc, the owner of the KFC and Pizza Hut chains, is in talks with private equity company KKR& Co LP and others about a possible sale of a 19.9 percent stake in its China business, CNBC reported, citing Dow Jones. The stake values the China business at about $10 billion, the report said. Yum's shares were up 2.3 pct at $80.80 at midday.

  • *Shares up 2 pct by 1200 GMT. ZURICH, March 23- A slump in investment banking revenues prompted Credit Suisse on Wednesday to accelerate its restructuring plan and cut a further 800 million Swiss francs of costs. It will cut 2,000 jobs at the division, mostly in London and New York.

  • *Net inflows in Asia-Pacific, wealth management, universal bank. ZURICH, March 23- Credit Suisse Group on Wednesday announced 800 million Swiss francs in additional cost cuts and plans to shrink its investment bank further as it spurs a restructuring plan aimed at revitalising its earnings. The cuts include eliminating 2,000 jobs at its Global Markets...

  • Credit Suisse branch in Geneva, Switzerland.

    Credit Suisse Group is stepping up cost cuts including eliminating 2,000 jobs at its Global Markets business.

  • OTTAWA, March 22- Canada will introduce legislation to implement a "bail-in" regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors. Canada, which escaped the crisis relatively unscathed, did not have to rescue any of its banks. The government said it will introduce framework...

  • WASHINGTON, March 22- U.S. Supreme Court justices on Tuesday appeared conflicted as they considered whether to revive a Puerto Rico law that would allow restructuring of the debt-burdened U.S. As Puerto Rico's leaders, creditors and U.S. lawmakers seek a debt solution in the U.S. Congress, the question before the Supreme Court is whether the island should be...

  • WASHINGTON, March 22- Puerto Rico will ask the U.S. Supreme Court on Tuesday to validate a law that could let it cut billions of dollars from what it owes in debt at some public agencies, a key test in the island's efforts to weather a massive fiscal crisis. As Puerto Rico leaders, creditors and U.S. lawmakers seek a debt solution in the U.S. Congress, the question before...

  • CHICAGO, March 21- Jumio, an online identification verification company whose clients include United Airlines Inc and Airbnb, has filed for Chapter 11 bankruptcy protection for its U.S. business and initiated the sale of assets, according to court documents. "This has left Jumio with few alternatives," Jumio Chief Executive Stephen Stuut said in the court filing...

  • BRIEF-TOYO ENGINEERING TO BUILD A FERTILIZER PLANT IN INDIA-. *Toyo Engineering is building what would be one of the world's largest fertilizer plants in India- Nikkei. *Toyo Engineering won a roughly 70 billion yen turnkey contract from Chambal Fertilisers And Chemicals for a new plant in state of Rajasthan.

  • PARIS, March 21- Casino said on Monday it was on track to reduce debt as promised after Standard& Poor's cut the French retailer's credit rating to junk, citing falling profits, weakness in Brazil and competition at home. It said key disposals in Asia were moving ahead, and the completion of the sale of its 58.6 percent stake in Thai unit Big C Supercenter for 3.1...