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  • Leland Hart, who has been with the company for seven years and has headed the company's bank loans team, will no longer oversee funds including the nearly $3 billion BlackRock Floating Rate Income Fund. Hart managed $10.8 billion in money and accounts at BlackRock as of last year, while Ebner oversaw $2.2 billion, according to earlier disclosures BlackRock made...

  • NEW YORK, April 28- A BlackRock Inc managing director and portfolio manager who had been head of the bank loans team has relinquished his role leading several fixed-income funds to "pursue other interests," according to an internal memo seen by Reuters on Thursday. Leland Hart, who had been with the company for seven years, managed billions in funds such as the...

  • *Concerns over Americana's Iran business among reasons. DUBAI, April 28- Citigroup has dropped out of the group of banks providing a $1.5 billion bridge loan to Gulf-based Adeptio for its planned purchase of a majority stake in Kuwait Food Co, three sources aware of the matter said on Thursday. The U.S. bank failed to secure internal approval to participate in the...

  • DUBAI, April 28- International Finance Corporation, the World Bank's private sector investment arm, said on Thursday it had arranged $375 million in financing for an Iraqi power company to provide electricity to millions of people in Kurdistan and Baghdad. The investment in Kurdistan will help boost infrastructure in a part of Iraq that is struggling...

  • April 27- Pacific Exploration& Production Corp said an Ontario court approved a $500 million debtor-in-possession financing facility for the Canadian company and its units, hours after it filed for creditor protection. The Ontario Superior Court of Justice also approved a $134 million letter-of-credit facility and second-priority lien over assets...

  • But Nathan Sheets, Treasury undersecretary for international affairs, said the United States is not presently considering an investment in the new Beijing- based Asian Infrastructure Bank. The AIIB can help establish a positive track record through co-financing deals with other development banks, such as the World Bank and the Asian Development Bank.

  • April 27- Solar Mosaic Inc, a former crowdfunding startup that reinvented itself as a provider of home solar loans, said on Wednesday it had secured $200 million in funding that will support at least 5,000 rooftop installations. Germany's DZ Bank and New York state's NY Green Bank provided the warehouse financing to the Oakland, California- based company, which...

  • KHOBAR, Saudi Arabia, April 27- The world's biggest energy company Saudi Aramco outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The plans suggest Saudi Arabia's state oil company, which Deputy Crown Prince Mohammed bin Salman estimated this week was worth...

  • IMF says measures to solve China debt could make problem worse

    Experts at the International Monetary Fund say design is key for the suggested methods to work.

  • WASHINGTON, April 26- China's massive corporate debt problem could be eased through debt-to-equity conversions or securitization of non-performing loans, the International Monetary Fund said on Tuesday, but only if these apply to viable firms that undergo restructuring. The IMF said in a blog posting on its website that it welcomes recent statements by...

  • A pedestrian walks past a Sports Authority Inc. store in New York, U.S., on Saturday, Feb. 6, 2016. Sports Authority, once the biggest sporting-goods chain in the U.S., is preparing to file for bankruptcy.

    The sports retailer's attorney told a judge that Sports Authority will pursue liquidation instead of trying to restructure itself.

  • Flames leap from a burner unit at the Exxon-Mobil refinery in Torrance, Calif.

    Standard and Poor's downgraded ExxonMobil's credit rating from AAA to AA+ because of expectations of continuing low oil prices.

  • April 25- At an early 2015 investor conference, SunEdison's then-chief financial officer, Brian Wuebbels, trumpeted the profit potential in the solar developer's relationship with a venture it had recently spun off. SunEdison had established TerraForm Power Inc as a "yieldco," a complex financing vehicle to purchase energy projects from SunEdison and other...

  • PARIS— France's economy minister has confirmed the government supports French energy company EDF's nuclear power plant project in southwest England. Some of them have expressed concerns about the financing of the 24 billion euro project. The Hinkley Point nuclear power plant could ultimately produce 7 percent of British electricity and create 25,000...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- SunEdison Inc asked a U.S. bankruptcy judge on Thursday to appoint an independent examiner to review recent transactions, although the company said it is not aware of any particular wrongdoing. The company cited in the request a subpoena it received from the U.S. Department of Justice related to financing activity, an investigation by the U.S....

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. Aeropostale is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • LONDON, April 21- Britain said on Thursday it could take an equity stake of up to 25 percent in Tata's UK steel assets or provide hundreds of millions of pounds worth of debt financing to help support a potential buyer. Britain could take a stake of up to 25 percent in the assets, the Business Ministry said in a statement but added that the government would take no...

  • MOSCOW, April 21- Russia's Yamal LNG project, which is expected to start producing liquefied natural gas next year, will receive around $10 billion in loans from Chinese banks in May, an official at China National Petroleum Corp said on Thursday. "It has been almost decided, the talks with the banks are underway," CNPC's First Vice President Wang Zhongcai told...