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  • HONG KONG/ BEIJING, July 17- China's central bank will inject $48 billion into the country's biggest policy lender, China Development Bank Corp, two sources with direct knowledge of the matter told Reuters on Friday, as China steps up reforms at its policy banks to fight an economic slowdown. Set up in 1994, CDB is responsible for financing China's large...

  • SAO PAULO, July 16- The auction on Friday of a concession to build and operate an estimated 7 billion reais power transmission line in Brazil is not expected to attract many participants, due to limited financing for Brazilian companies, according to consultants and company officials. "It is a lot of money, and since financing in Brazil these days is really scarce,...

  • The bank had been ready to increase Emergency Liquidity Assistance after Athens approved the bailout deal but it first needs to ensure that Greece has the temporary financing to repay a 3.5 billion euro plus interest payment due to the ECB on Monday. Uncertainty over Greece, the longer term viability of the currency block and persistent suggestions from...

  • But it wants first to ensure that temporary financing for the Greek budget is in place and Greece is able to repay a big debt to the ECB on July 20. An emergency funding boost would have helped to restore confidence after Greece was nearly forced from the euro-- a debate that challenged ECB President Mario Draghi's pledge that the currency was irreversible.

  • DUBLIN, July 16- Britain's Immunocore completed Europe's largest ever financing round by a private life sciences company on Thursday, raising $320 million from investors including Eli Lilly& Co, Malin and Woodford Investment Management. The investment by some of the healthcare sector's "most highly regarded international institutions" is another...

  • NEW YORK, July 15- Puerto Rico's Public Finance Corporation, which provides financing to the island's agencies, failed to transfer funds to pay the principal and interest on its bonds to a bond trustee, according to a filing released by the corporation on Wednesday. The PFC said it had requested that Puerto Rico's budget office include in its budget the...

  • Brazil court approves DIP loan for engineering firm OAS Wednesday, 15 Jul 2015 | 8:35 AM ET

    SAO PAULO, July 15- A Brazilian court approved a debtor-in-possession loan to engineering firm OAS SA, the company said, after it earlier this year filed for bankruptcy protection in the wake of a corruption investigation that shut its access to refinancing. In a statement published late on Tuesday, OAS said judge Daniel Carnio Costa freed up the so-called DIP...

  • The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination. American Honda Finance Corporation said in a statement that it opposed discrimination. According to the complaint, Honda charged thousands of...

  • The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination.

  • July 14- Wells Fargo& Co, the largest U.S. mortgage lender, reported a drop in quarterly profit for the second time in a row as it set aside more money to cover bad loans and its expenses rose. Net income applicable to common shareholders fell to $5.36 billion, or $1.03 per share, in the second quarter ended June 30 from $5.42 billion, or $1.01 per share, a year earlier.

  • SAO PAULO, July 10- U.S. carrier Delta Air Lines Inc will expand its alliance with Brazil's Gol Linhas Aereas Intelligentes SA under a $446 million stock and loan agreement, Gol said on Friday in a statement. Under the accord, Gol's controlling shareholder, Brazilian investment fund FIP Volluto, will buy up to $90 million and Delta up to $56 million of new Gol...

  • SAO PAULO, July 10- U.S. carrier Delta Air Lines Inc will expand its alliance with Brazil's Gol Linhas Aereas Intelligentes SA under a $446 million stock and loan agreement, Gol said on Friday in a statement. Under the accord, Brazilian investment fund FIP Volluto, will buy up to $90 million and Delta up to $56 million of new Gol preferred stock, and Delta will...

  • SAO PAULO, July 10- U.S. carrier Delta Air Lines Inc will expand its alliance with Brazil's Gol Linhas Aereas Intelligentes SA under a $446 million stock and loan agreement, Gol said on Friday in a statement.

  • Big U.S. banks start posting second quarter results next week, with JPMorgan Chase& Co and Wells Fargo& Co. reporting on Tuesday. "We're kind of trying to thread a needle here because on the one hand we don't want to dismiss this situation but on the other hand this is not a catastrophic' oh my God here we go again,"' said Gerard Cassidy, analyst at RBC Capital Markets.

  • July 9- The U.S. government has agreed to take no near-term legal action against 40,000 former students of the bankrupt Corinthian Colleges Inc who have defaulted on federal loans, according to a lawyer representing students. Under Thursday's agreement, the Department of Education will suspend judicial debt collection efforts for 120 days against former...

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday broke its silence and accused the developer of mismanaging the project's design and not securing adequate financing. Construction delays, funding squabbles, lagging inspections and faulty work at the Nassau resort have led to finger...

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday accused the project's developer of mismanaging its design. "Baha Mar Ltd's decision to file for bankruptcy protection is the direct result of its failure to secure adequate financing and its mismanagement of the design of Baha Mar resort...

  • The 21 brokerages transferred a total of over 128 billion yuan into the accounts of state-owned China Securities Finance Corp, which provides margin financing services, the newspaper said, citing Wang Min, vice head of China's securities association. On Monday, the China 50 ETF, the country's biggest ETF that buys into the biggest 50 listed companies in...

  • WASHINGTON, July 6- Loss of U.S. Export-Import Bank financing would put Boeing Co at a "huge competitive disadvantage" since its rivals still have access to such financing support, the head of the company's commercial aircraft division told reporters on Monday. Ray Conner, president of Boeing Commercial Airplanes, said Boeing was seeking to reassure its...

  • WASHINGTON, July 6- Loss of Export-Import Bank financing would put Boeing Co at a "huge competitive disadvantage" since its rivals continue to have access to such financing support, the head of the company's commercial aircraft division told reporters on Monday. Ray Conner, president of Boeing Commercial Airplanes, said Boeing was seeking to reassure its...