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Credit Corporate Debt

  • LAGOS, March 8- The Nigerian affiliate of Abu Dhabi- listed telecoms company Etisalat is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment, a senior executive told Reuters. Ibrahim Dikko, vice president for regulatory affairs at Etisalat Nigeria, said Etisalat missed payments due to an...

  • CARACAS/ HOUSTON/ NEW DELHI, March 8- Venezuela's state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist leader Hugo Chavez with cries of "Viva!" Venezuela has given up the fight for coveted market share in India because of a combination of...

  • By Shu Zhang and Matthew Miller. BEIJING, March 8- A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing to tackle a corporate debt burden that has ballooned to $17.9 trillion. Loss-making Feicheng Mining Group struck the deal last December with 10 banks, led by...

  • TORONTO, March 6- Silver Wheaton would consider changing its financing deal with Primero Mining on the troubled San Dimas mine in Mexico if that would improve the "health of the asset," the mining financier's chief executive said on Monday. Silver Wheaton, a Vancouver- based company that provides miners with upfront payments, or "streams," in exchange for future...

  • SAO PAULO, March 6- Brazilian ride-hailing app 99 said on Monday it was introducing its discount 99 POP service in Rio de Janeiro, expanding direct competition with rival Uber Technologies Inc in Latin America's largest economy. The service's expansion to Rio is part of a strategy financed by more than $100 million of investment led by Chinese ride-hailing...

  • LONDON, March 6- The share of euro zone government debt with negative yields rose to almost 43 percent last month from 40 percent in January, as French election jitters helped boost demand for safe-haven bonds, according to Tradeweb data released on Monday. Of around 7.18 trillion euros of the bonds in the system, about 3.08 trillion euros, or 42.94 percent, yield...

  • March 3- Canada's Hudson's Bay Co, owner of the Lord& Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy's Inc, over a month after approaching its U.S. peer, people familiar with the matter said. To mount a credible offer for Macy's, which has a market capitalization of close to $10 billion, Baker has been seeking to raise...

  • March 3- Canada's Hudson's Bay Co, owner of the Lord& Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy's Inc, over a month after approaching its U.S. peer, people familiar with the matter said. Hudson's Bay's challenges in putting together a firm offer are a blow to the ambitions of its majority owner and Executive...

  • March 3- Canada's Hudson's Bay Co, owner of the Lord& Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy's Inc, over a month after approaching its U.S. peer, people familiar with the matter said. Hudson's Bay's challenges in putting together a firm offer are a blow to the ambitions of its majority owner and executive...

  • March 3- Canada's Hudson's Bay Co, owner of the Lord& Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy's Inc, over a month after approaching its U.S. peer, people familiar with the matter said. Hudson's Bay's challenges in putting together a firm offer are a blow to the ambitions of its majority owner and executive...

  • EXCLUSIVE- HUDSON'S BAY CO HAS YET TO SECURE EQUITY FINANCING FOR BID FOR MACY'S- SOURCES.

  • *Kurdistan needs funds for battle with ISIS, refugee crisis. LONDON, Feb 28- Iraq's Kurdistan has increased the loans guaranteed by future oil sales to $3 billion in new deals with trading houses and Russian state oil firm Rosneft aimed at strengthening its fiscal position as the semi-autonomous region fights Islamic State. Now traders will loan money to...

  • 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...

  • 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...