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Credit Corporate Debt

  • Jia Yueting, founder and chief executive officer of LeEco speaks at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Tuesday, Jan. 3, 2017.

    Cash-strapped LeEco's CEO Jia Yueting has pledged in an open letter to take full responsibility and repay all debts.

  • LAGOS, July 4- Nigeria's central bank and its telecoms industry regulator have intervened to save the country's fourth largest telecoms firm from collapse after talks with local banks to renegotiate a $1.2 billion loan failed, a regulatory source said on Tuesday. As a result the company has appointed the central bank's deputy governor Joseph Nnanna as...

  • SHANGHAI, July 4- The People's Bank of China has published rules allowing foreign rating agencies to assess the credit risks of the country's bonds, a move that could promote deeper risk assessment and pricing in the nation's huge corporate debt market. "We are strongly committed to playing a part in the development of China's domestic bond market," Standard&...

  • SHANGHAI, July 4- The People's Bank of China has published rules allowing foreign rating agencies to assess the credit risks of the country's bonds, a move that could promote more accurate risk assessment and pricing in the nation's huge corporate debt market. Under the previous framework, global ratings agencies could only have minority stakes in...

  • BUENOS AIRES, July 3- Argentina has banned scandal-racked Brazilian builder Odebrecht SA from bidding on public works projects for 12 months, a government spokesman said on Monday, citing corruption cases facing the company in South America and elsewhere. The move could cut Odebrecht out of a series of government-financed infrastructure jobs scheduled in...

  • SAO PAULO, July 3- Financial technology firms in Brazil are targeting lending to small- and mid-sized companies to fill a gap in the credit market left by large lenders deterred by rising delinquencies and narrow margins. Fintech firms in Brazil have been growing fast in sectors such as consumer lending and credit cards, seeking to undercut some of the highest...

  • MOSCOW, July 3- Russia's VTB, one of the biggest lenders to the indebted Croatian food producer and retailer Agrokor, may contribute to a new loan to the company, the bank said in emailed comments on Monday. Last month, Agrokor has secured a total of 530 million euro loan from banks, bondholders and suppliers, as a part of the restructure process and under so-called "...

  • *Japan wants to block foreign rivals gaining key chip technology. SEOUL/ TOKYO, July 3- SK Hynix Inc has proposed that its financing for a consortium picked as preferred bidder for Toshiba Corp's chip unit be done via convertible bonds, two sources said, providing it with a path towards an equity interest in the world's No.2 NAND chip maker. The South Korean...

  • SEOUL/ TOKYO, July 3- SK Hynix Inc has proposed that its financing for a Japan government-led group bidding for Toshiba Corp's chip unit be done through convertible bonds, two sources familiar with the matter said, potentially allowing it to have an equity interest in the world's No. 2 NAND chip maker. SK Hynix plans to buy convertible debt in a special purpose...

  • A worker walks through the metal pressing shop at the Singamas Container Holdings factory in Qidong, China.

    The Caixin China manufacturing PMI for June beat expectations, offering another signal the mainland's economy is defying slowdown expectations.

  • *Brazil's oil company Petrobras says has liquidated a $500 million debt with The Bank of Nova Scotia, according to a securities filing. *Brazil's Petrobras says has hired new financing with The Bank of Nova Scotia for $750 million due in 2022. *Brazil's Petrobras decided to cut diesel prices at refineries by 4.8 percent Further company coverage:.

  • TORONTO, June 30- Canada's main stock index slipped in early trade on Friday, with heavyweight financial shares pushing the index lower, more than offsetting a jump in energy company Nexgen Energy which announced a financing deal. The Toronto Stock Exchange's S&P/TSX composite index was down 23.74 points, or 0.16 percent, at 15,189.68 shortly after the open.

  • Debt-ridden Mozambique released on Saturday a forensic audit report into $2 billion worth of loans made to tuna fishing company EMATUM, security firm Proindicus and Mozambique Asset Management. Reacting to the report, the Global Group of Mozambique Bondholders said in an emailed statement it was "evident that there is no basis-- in either Mozambican or...

  • The lender, which is expected to release second-quarter results on Aug. 2, said its expenses would increase by C $233 million before taxes, which includes C $210 million in costs related to the liquidity issue. Warren Buffett's Berkshire Hathaway Inc said last week that it would provide a C $2 billion loan to Home Capital and take a 38 percent stake in the company.

  • SAN FRANCISCO, June 28- Electric vehicle charging station maker ChargePoint Inc said on Wednesday it had secured $43 million in financing led by German engineering group Siemens AG, bringing to a close the U.S. company's latest funding round at $125 million. Earlier in March, the privately held Silicon Valley company secured an initial $82 million in its Series...

  • SAO PAULO/ BRASILIA, June 28- Loan defaults in Brazil hit a fresh record in May, the latest evidence that the country's harshest recession ever and fallout from a wave of corruption probes have significantly hampered the ability of corporate borrowers to stay current on their debt. Loan book quality has suffered in the face of Brazil's recession and "Operation...

  • PARIS, June 28- French industrial group Legrand has agreed to buy U.S. infrastructure company Milestone AV Technologies in a transaction worth $950 million based on enterprise value, Legrand said on Wednesday. Legrand said the takeover of Milestone, which had 2016 sales of $464 million, would lead to cost savings and would be financed by new debt.

  • Chinese flag

    China is sending a “remarkably strong signal” about stemming capital outflows by going after big companies, said the IMF’s China ex-chief.

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

    China’s government and companies are “rationalizing” their use of debt, said Eugene Qian, chairman of UBS’ China strategy board.

  • TOKYO, June 27- Western Digital Corp said it and private equity firm KKR& Co LP had resubmitted a bid for Toshiba Corp's prized flash memory chip unit. As part of the bid, Western Digital will provide debt financing to facilitate a sale, the U.S. firm said in a brief statement. Toshiba is seeking to sign a definitive agreement with its preferred bidder- a group led by the...