×

Credit Corporate Debt

  • MILAN, Feb 22- Italian banks are stuck in what stressed-debt experts call purgatory, still forced to pay a heavy price for their past sins despite loan data that suggests they are turning a corner. Italy has 130 billion euros in unlikely-to-pay loans, where borrowers are in trouble but remain in business. "Unlikely-to-pay loans are like purgatory: to avoid...

  • SACRAMENTO, Calif.— A mortgage services company signed a $225 million settlement with California regulators on Friday to settle allegations it overcharged active-duty military members, was late in providing key information for some civilian borrowers seeking to modify their loans and violated other laws. Florida- based Ocwen Loan Servicing agreed to pay...

  • BEIJING, Feb 17- China's central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy. China has relied on rapidly increasing credit to fuel economic growth in recent years, but policymakers...

  • TOKYO, Feb 17- S&P Global Inc said in a report on Friday it could cut its rating of Toshiba Corp credit by several notches should the Japanese firm receive financial support that includes debt restructuring, sending Toshiba stock down 9 percent. "If any financial support includes debt-to-equity swaps or changes in loan conditions, we would consider that as...

  • TOKYO, Feb 17- S&P Global Inc said in a report on Friday it could cut its rating of Toshiba Corp credit by several notches should the Japanese firm receive financial support that includes debt restructuring, sending Toshiba stock down 9 percent. "If any financial support includes debt-to-equity swaps or changes in loan conditions, we would consider that as...

  • Investment in oil exploration unlikely to pick up: DBS CEO

    Piyush Gupta, CEO of DBS Group, talks about the impact the oil and gas sector will have on bad debt levels at the bank.

  • NPL formation to be at slower rate: Piyush Gupta

    Piyush Gupta, CEO of DBS Group, says the high-water mark of bad debt is already behind the bank but the oil and gas sector will remain stretched.

  • TOKYO, Feb 15- Japan's Toshiba Corp on Wednesday asked creditors for an extension of a waiver for a loan covenant violation until the end of March, financial sources who were briefed on the matter said. The request comes one day after the beleaguered conglomerate failed to deliver audited third-quarter earnings as scheduled, instead saying it needed more time...

  • What I'm sure about is that we need access to additional sources of financing, " Eduardo Pacheco told Reuters in an interview at his Bogota office. Colpatria in 2011 tapped Canada's Scotiabank as a partner, ceding 51 percent in Banco Colpatria, and in 2013 it sold a similar amount of its insurance business to France's AXA. The construction unit has operations in...

  • BERLIN, Feb 13- Germany signed an agreement with Iraq on Monday to provide a 500 million euro credit facility to fund investments aimed at rebuilding Iraqi infrastructure damaged in the war with Islamic State militants. The credit line, the biggest yet provided to Iraq, was promised by Chancellor Angela Merkel to Iraqi Prime Minister Haider al-Abadi a year ago.

  • BERLIN, Feb 13- Germany signed an agreement with Iraq on Monday to provide a 500 million euro credit facility to fund investments aimed at rebuilding Iraqi infrastructure damaged in the war with Islamic State militants. The credit line, the biggest yet provided to Iraq, was promised by Chancellor Angela Merkel to Iraqi Prime Minister Haider al-Abadi a year ago.

  • CBS will provide co-financing for Kapital's programming and distribute it but will not have exclusive rights to its shows. Kapital, which is run by producer Aaron Kaplan, will maintain its autonomy and can sell shows to competitors of CBS. By owning the content, CBS is positioning itself to gain revenue from those deals, whether those shows are CBS shows or not.

  • HOUSTON/ CARACAS, Feb 9- Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. The delayed shipments to such crucial political allies and trading partners- which together have extended Venezuela at least $55...

  • HOUSTON/ CARACAS, Feb 9- Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. The delayed shipments to such crucial political allies and trading partners- which together have extended Venezuela at least $55...

  • DUBAI, Feb 9- Creditors have agreed in principle to Saudi Binladin Group's request for a two-year extension on a 10 billion riyal Islamic credit facility used to pay for delayed building work at the Grand Mosque in Mecca, sources said. SBG, which due to historically close ties to the government has emerged as one of the heavyweights of the kingdom's construction...

  • BRASILIA/ SAO PAULO, Feb 8- Brazil opened a formal complaint against Canada at the World Trade Organization on Wednesday, accusing the country of distorting the global aerospace industry with subsidies for planemaker Bombardier Inc. Brazil has threatened for months to open the WTO process, arguing that support for Bombardier's new CSeries was undercutting...

  • LIMA, Feb 6- Peru's state-owned energy company Petroperu might sell an "important" amount of bonds this year to help finance the $3.5 billion expansion of its Talara refinery, the energy and mines minister said on Monday. A bond issuance would lower costs and extend the deadline for paying off debt for the project, which would also be financed through loans,...

  • WASHINGTON, Feb 6- Loan officers at U.S. banks reported largely unchanged lending standards and slightly looser terms for business loans in the last three months of 2016, the Federal Reserve reported on Monday in a quarterly survey. About a third of the 69 institutions surveyed, however, said they had "tightened somewhat" the standards for commercial real estate...

  • *Q3 net profit up 17 percent at 296.4 billion yen. However, an ultra-low interest rate environment continued to drag on its lending business and results, as indicated from a drop in net profit for Japan's largest lender by assets over the first nine months of the year to March. MUFG's net profit came in at 296.4 billion yen for the third quarter, up about 17 percent...

  • LONDON, Feb 2- Two former HBOS bankers and four business partners were sentenced to between three-and-a-half and 15 years in jail by a British judge on Thursday for orchestrating a $307 million fraud that siphoned off money from struggling businesses. Former HBOS bankers Lynden Scourfield and Mark Dobson, businessmen Michael Bancroft, David Mills and his...