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Credit Corporate Debt

  • SHANGHAI/ HONG KONG, March 28- China Huishan Dairy Holdings Co Ltd said on Tuesday it had fallen behind with some loan repayments, was unable to contact a key finance executive and expressed concern about the strength of creditor support after its stock price plummeted. But the country's largest integrated dairy firm, which has been on the backfoot since a...

  • HONG KONG/ SHANGHAI, March 28- China Huishan Dairy Holdings Co Ltd on Tuesday said that it had fallen behind with some loan repayments but denied media reports that its chairman had misappropriated company funds or that the firm had issued forged invoices. The firm has previously come under attack from U.S.-based short-seller Muddy Waters.

  • A worry for Prime Minister Shinzo Abe is that a bankruptcy would give President Donald Trump cause to criticise Japanese firms operating in the United States. "Westinghouse is a major employer and nuclear industry company with ongoing nuclear new build projects in two different states, one of which is supported by U.S. Department of Energy loan guarantees,"...

  • A worry for Prime Minister Shinzo Abe is that a bankruptcy would give President Donald Trump cause to criticise Japanese firms operating in the United States. "Westinghouse is a major employer and nuclear industry company with ongoing nuclear new build projects in two different states, one of which is supported by U.S. Department of Energy loan guarantees,"...

  • OSLO, March 26- Norwegian bank DNB has sold its share of loans funding the Dakota Access oil pipeline, it said on Sunday, ending its involvement in a project that has faced strong opposition from Native Americans and environmental groups. DNB announced in November that it would review its participation in the financing of the Energy Transfer Partners LP project,...

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...

  • ALBANY, N.Y.— New York Attorney General Eric Schneiderman says his office has reached a $540,000 settlement with a Virginia- based retailer and financing firm that fraudulently charged hundreds of military members. Schneiderman says Wednesday that the settlement with Norfolk- based Freedom Stores will clear debt and judgments charged to 257 soldiers from...

  • At that meeting, ING said it would either continue to "positively influence" the course of the project, or to distance itself by selling its stake in the loan, "the company said in a press release. ING was one of 17 banks financing the Energy Transfer Partners LP pipeline, which will move crude from the Northern Plains to the Midwest and then on to the Gulf of Mexico.

  • March 21- Canadian mining financing company Silver Wheaton Corp is proposing changing its name to Wheaton Precious Metals Corp as half its revenue now comes from gold, it said on Tuesday. Since 2013, the Vancouver- based company has seen a marked increase in gold production, and in the second half of 2016 its revenue was evenly split between silver and gold, the...

  • CAPE CANAVERAL, Fla., March 21- Privately owned Rocket Lab, a Los Angeles- and New Zealand- based startup poised to begin small satellite launch services this year, has closed a Series D financing round of $75 million, company officials said on Tuesday. Data Collective, a venture capital fund based in San Francisco, led the round, with additional investment from Promus...

  • March 20- Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp, is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Monday. Should it file for bankruptcy, the money would allow Westinghouse to continue to pay employees and build four...

  • March 20- Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp, is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Monday. Should it file for bankruptcy, the money would allow Westinghouse to continue to pay employees and build four...

  • EXCLUSIVE-TOSHIBA CORP'S WESTINGHOUSE ELECTRIC CO LLC EVALUATING PROPOSALS FOR BANKRUPTCY FINANCING- SOURCES.

  • LONDON, March 20- Italy has given its final blessing to a 5.2 billion euro loan made in January by bank Intesa SanPaolo to finance the privatisation of a stake in Russia's biggest oil company, after checking to ensure the deal did not breach sanctions. The stake was bought by a consortium made up of Qatar and the oil trading company Glencore, which together provided...

  • San Francisco- based MuleSoft on Friday closed out its first day on Wall Street with shares trading at $23.80, a 40 percent pop that valued the company at nearly $3 billion, about double the valuation it commanded at its last private financing event in 2015.. The offering of 13 million shares was priced at $17 each on Thursday, above the expected range of $14 to $16.

  • WASHINGTON, March 17- Arconic Inc said on Friday it had dropped its request for a $259 million loan from the U.S. Energy Department, a day after the Trump administration proposed killing the program aimed at boosting manufacturing of advanced technology vehicles. In 2015 the Obama administration announced a "conditional commitment" to loan Alcoa Corp the $259...

  • Shares of San Francisco- based MuleSoft opened up 43 percent in its Wall Street debut on Friday, valuing the enterprise software company at more than $3 billion, about double the valuation the company commanded at its last private financing event in 2015.. The offering of 13 million shares was priced at $17 each on Thursday, above the expected range of $14 to $16.

  • CANBERRA, Australia— An Australian court on Thursday fined gambling company Tabcorp a record 45 million Australian dollars for failing to comply with anti-money laundering and counter-terrorism financing obligations. The Federal Court approved a settlement reached between the Sydney- based company and regulator AUSTRAC after finding Tabcorp...

  • Shares of the company, which had 1,552 employees as of Dec. 31, were up about 7 percent at $7.89 in extended trading. GoPro had previously forecast its revenue to be $190 million to $210 million for the quarter ended March 31. "We currently have no need to draw on our credit facility and we expect to be EBITDA positive for full-year 2017," Chief Financial Officer Brian...