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  • PARIS, Feb 25- French state-controlled nuclear firm Areva postponed the publication of its results on Thursday after securing a 1.1 billion euro bridging loan to make an upcoming bond repayment. Without the credit, Areva's board could not sign off on the 2015 accounts in the certainty that the firm could continue as a going concern, as it lacked the funds to meet a...

  • *Noble swings to annual loss of $1.67 bln. SINGAPORE, Feb 25- Singapore- listed Noble Group said it expects to refinance its revolving credit facility and reported its first annual loss in nearly 20 years, battered by a $1.2 billion writedown for weak coal prices. "We have self evidently advanced our key strategic objectives over the last three years despite a very...

  • SINGAPORE, Feb 25- Singapore- listed Noble Group reported its first annual loss in nearly 20 years on Thursday, battered by a $1.2 billion writedown on weak coal prices, and said it expects to successfully refinance its revolving credit facility. Noble swung to a net loss of $1.67 billion for the year to Dec. 31 versus a profit of $132 million a year earlier on a 22...

  • BEIJING, Feb 25- China has granted six large domestic banks quotas to issue asset-backed securities with non-performing loans as underlying assets, two sources with direct knowledge told Reuters. The six banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, Bank of Communications...

  • CARACAS, Feb 24- Venezuela and Canadian mining company Gold Reserve signed a memorandum of understanding on Wednesday to settle a protracted arbitration dispute through creation of a joint venture in the South American country. Venezuela will seek to use the mining property as collateral to obtain financing, the company said. The government said the company...

  • CARACAS, Feb 24- A solution was reached in Venezuela's arbitration dispute with Gold Reserve Inc., with the Canadian company providing a $2 billion loan and a $2 billion investment as part of a mining joint venture, according to President Nicolas Maduro.

  • BEIJING, Feb 24- China will continue to expand the volume of corporate bond issuance and raise the ratio of direct financing this year, the top economic planning agency said on Wednesday.

  • CARACAS, Feb 23- Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company's president said on Tuesday. "We're about to firm up ONGC's financing to the joint venture we have in the San Cristobal field," Eulogio Del Pino, who is also...

  • The loans accounted for $1.7 billion of the $4.4 billion in total loans and lending commitments the Wall Street firm has made to E&P companies, Morgan Stanley said on Tuesday in a regulatory filing. The $2.7 billion in lending commitments are primarily to investment grade companies. Morgan Stanley has made $15.9 billion in loan and lending commitments to the...

  • TORONTO, Feb 23- Bank of Montreal, Canada's fourth-largest lender, posted a higher quarterly profit that topped market expectations on Tuesday, lifted by growth in its U.S. retail banking business. Gross impaired loans in the oil and gas sector jumped C $162 million, from none recorded in the year-earlier period and C $102 million in the fourth quarter.

  • Yuan currency China

    Fears China's debt mountain will turn into an avalanche have hit the headlines recently, but there are signs at least some of the risk is easing.

  • WASHINGTON, Feb 17- Apple has issued $1.5 billion in bonds dedicated to financing clean energy projects across its global business operations, the largest green bond to be issued by a U.S. corporation, the company's head of environmental policy said Wednesday. Moody's Investor Services said earlier this month it expects to see the issuance of green bonds rise...

  • SAO PAULO, Feb 16- The Mexican peso advanced for a third consecutive session on Tuesday on data showing strong loan growth in China and a smaller-than-expected improvement in U.S. business activity, but gains were capped by volatile oil prices. New loans in China hit a record high in January, suggesting policymakers are keeping monetary policy loose as the...

  • Feb 16- Canada's Element Financial Corp said it will split its fleet management business and its vendor and commercial financing business, creating two publicly traded companies. The company became one of the largest fleet providers in North America after it acquired General Electric Co's fleet management business in the United States, Mexico, Australia...

  • Feb 16- Equipment financing company Element Financial Corp said it will split into two publicly traded companies, after a strategic review. Element Fleet Management will operate company's fleet management operations, while Element Commercial Asset Management will include the company's commercial and vendor financing business, the company said on...

  • The combined company, to be headquartered in Boca Raton in Florida, will have proforma annual revenue of more than $4.2 billion. Barclays, Citigroup Global Markets Inc, Deutsche Bank, Royal Bank of Canada and PSP Investments Credit USA LLC are providing the financing for the deal. BofA Merrill Lynch and Goldman Sachs are ADT's financial adviser for the...

  • A customer holds a 100 Yuan note at a market in Beijing.

    Hedge fund manager Kyle Bass' call for an imminent China banking crisis is already getting push-back, with Deutsche Bank calling it unlikely and exaggerated.

  • Feb 11- France's largest bank BNP Paribas is pulling out of a niche U.S. energy lending business for the second time in four years after plunging oil prices dragged what was once seen as some of the safest energy loans into losses. BNP shut its reserve-based lending business in Houston last week after 13- year-low oil prices stoked concerns of rising loan...

  • The rout in oil prices since 2014 has hurt banks that made loans to oil and gas companies across the United States. At a conference on Tuesday ahead of the downgrade, senior executives at Comerica Inc estimated it would need to set aside an additional $75 million to $125 million in loan-loss reserves over the course of a year if oil prices remain at $30 per barrel.

  • Feb 9- American Express Co wants to grow small-business lending to make up for revenue it expects to lose after its credit card partnership with Costco Wholesale Corp ends this year. The planned end of the partnership in March has been delayed a few months because it has taken more time to move customers to a new card, the Seattle Times reported last week.