Credit Corporate Debt

  • Viacom-Chairman Sumner Redstone (L) and Viacom CEO Philippe Dauman

    Media company Viacom has a negative outlook, S&P Global Ratings said Tuesday as it revised its rating outlook.

  • FRANKFURT, June 21- Li Ka- shing, one of Asia's richest men, is backing the expansion of German mobile financial services firm Number26, a darling among Berlin's technology start-ups, which has ambitions to become a pan-European bank. Li's venture capital firm, Hong Kong- based Horizon Ventures Ltd, is leading the new financing, a $40 million investment round with...

  • LILONGWE, June 20- The International Monetary Fund will increase loans to Malawi by $76.8 million, the global lender said on Monday following an economic review of the drought-hit country. The IMF said it was also augmenting Malawi's Extended Credit Facility arrangement, signed in 2012, by another six months with funding equivalent to $49.2 million.

  • LILONGWE, June 20- The International Monetary Fund will increase loans to Malawi by $76.8 million, the global lender said on Monday following an economic review of the drought-hit country. The IMF said it was also augmenting Malawi's Extended Credit Facility arrangement, signed in 2012, by another six months with funding equivalent to $49.2 million.

  • BANKS MUST SPEED UP EFFORTS TO DEAL WITH NON-PERFORMING LOANS, CHANGE BUSINESS CULTURE- EBA'S ENRIA.

  • NEW YORK/ WILMINGTON, Del, June 17- A high-stakes trial will open on Monday to determine if Dallas billionaire Kelcy Warren's Energy Transfer Equity can back out of a $20 billion agreement to buy rival pipeline operator Williams Cos Inc.. ETE's share price has fallen about 45 percent since the deal was announced, raising the cost of financing the deal, which...

  • MENLO PARK, Calif June 15- Generous state tax benefits granted this year to Silicon Valley startup Atieva could convince the electric car company to build its vehicles in California, just like the company it will be challenging, Tesla Motors Inc.. The California Alternative Energy and Advanced Transportation Financing Authority in January approved...

  • NEW YORK, June 15- A U.S. bankruptcy judge on Wednesday approved Gawker Media LLC's request to borrow $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help fund the online publisher through its court-supervised auction. Gawker filed for bankruptcy last week, with an agreement from publisher Ziff Davis LLC to buy it for $90 million...

  • YANGON, June 15- The U.S. government's development finance institution has launched operations in Myanmar with a $250 million loan to a telecoms company, it said on Wednesday. The Overseas Private Investment Corporation will lend the money to Yangon- based Apollo Towers Myanmar Limited, which is focused on the construction and maintenance of...

  • HONG KONG, June 15- The structured commodity finance division of Australia's Westpac bank expects revenues to grow by a third this financial year as new products gain momentum, but business is likely to level out next year as the global economy falters. Westpac Banking Corp set up its Hong Kong and Singapore- based commodity financing business in 2013-2014 to...

  • Travis Kalanick, CEO, Uber

    Uber may raise up to $2 billion through a type of loan that is given to borrowers who already have substantial debt.

  • SHANGHAI, June 14- The yuan eased on Tuesday, pressured by robust dollar demand from corporate clients as the market turns its attention to the U.S. The People's Bank of China set the midpoint rate at 6.5791 per dollar prior to the market open, 0.02 percent firmer than the previous fix 6.5805, in response to the dollar's slump on Monday. China's May loan and money...

  • NEW YORK, June 13- Gawker Media LLC asked a U.S. bankruptcy court judge on Monday for permission to borrow up to $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help it through its sale process, according to a court filing. Media company Ziff Davis LLC has entered into an agreement to buy Gawker for $90 million, setting the floor for an...

  • Workers sit on the pavement near a construction site in Beijing, China, on Wednesday, March 2, 2016.

    China must act quickly to address mounting corporate debt before it became a systemic problem, a senior IMF official said on Saturday.

  • SHANGHAI, June 11- China must act quickly to address mounting corporate debt, a major source of worry about the world's second-largest economy, a senior International Monetary Fund official said on Saturday. China, whose economy grew in 2015 at its slowest pace in a quarter of a century, has been grappling with rising debt levels and overcapacity.

  • SAN FRANCISCO/ NEW YORK June 10- Many online lenders have failed to detect the "stacking" of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters. The practice is proliferating in the sector- led by LendingClub, OnDeck and Prosper Marketplace- because of many lenders' hurried,...

  • Yet a combination of weak growth, very low inflation and fear over the upcoming UK EU vote have driven a renewed plunge in bond yields, with 10- year yields touching one-year lows across most of Europe on Thursday. Something like 15 percent of all investment-grade euro zone corporate debt is negative yielding, helped along by the European Central Bank's...

  • DUBLIN, June 9- Ireland's state-run "bad bank" selected U.S. private equity firm Oaktree Capital Group LLC as preferred bidder for two portfolios of non-performing loans that have a combined par value of 4.7 billion euros, a source close to the deal said on Thursday. Oaktree beat Cerberus and Lone Star to secure the Project Ruby and Project Emerald portfolios, said...

  • June 8- Video conferencing equipment maker Polycom Inc, which agreed to be acquired by Canada's Mitel Networks Corp, said it had received a revised offer from a private equity firm to take it private. Sponsor 1 offer comprises $650 million of equity financing and $950 million of debt financing, Polycom said. Sponsor 1' s previous offer included a cash dividend of...

  • June 7- Ousted LendingClub Corp CEO and co-founder Renaud Laplanche has been speaking to private equity firms and banks about financing a potential buyout of the online lender, according to people familiar with the matter. The French entrepreneur, one of the highest-profile names in the fledgling industry, left LendingClub in May after an internal probe...