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Credit Corporate Debt

  • CARACAS, May 30- Goldman Sachs Group Inc has confirmed it bought Venezuelan bonds after being excoriated by the country's opposition for financing the embattled government of President Nicolas Maduro, who is facing sustained protests. The president of the opposition-led Congress accused the bank of financing "dictatorship" after the Wall Street Journal...

  • MUMBAI, May 29- Indian mobile carrier Reliance Communications' shares and bonds resumed their slide on Monday as concerns over its heavy debt load were reignited after a fourth-quarter loss that sent the company to its first full-year loss. Banking sources told Reuters that the company is running behind on some loan repayments, though Reliance-- backed by...

  • MOSCOW, May 26- Russia's biggest bank Sberbank will provide no new financing for indebted food and retail company Agrokor until the lender has reached an understanding with the Croatian government, Sberbank's chief executive said on Friday. Sberbank CEO German Gref said cooperation with the Croatian government had so far been "not simple."

  • A decline in loan demand could signal weakness in the economy but regulators will not know for sure until later in the year, said Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation. James Chessen of the American Bankers Association said industry had expected President Donald Trump might use the tax code to stoke investment but those...

  • Chinese flag

    Moody’s has downgraded China rating to A1 from Aa3, with a stable outlook.

  • Westinghouse, a unit of Japan's Toshiba Corp, filed for bankruptcy in March following billions of dollars in cost overruns at two nuclear power plants it designed and is constructing in Georgia and South Carolina. An attorney for Westinghouse said in U.S. bankruptcy court in New York that cash from the loan would allow the company to complete its business plan...

  • WASHINGTON, May 19- President Donald Trump's administration will soon offer an exclusive contract that will give one company the right to service billions of dollars of outstanding federal student loans now handled by four companies, officials said on Friday. The U.S. Education Department, led by Trump pick Betsy DeVos, said the streamlining will save money...

  • WASHINGTON, May 19- The U.S. Education Department said on Friday it was changing its approach to student-loan servicing, awarding a contract to handle outstanding debts to one company. Under former President Barack Obama, much of the $1.3 trillion business of student lending was moved from banks and other companies to the federal government.

  • WASHINGTON, May 19- The U.S. Education Department said on Friday it was changing its approach to student-loan servicing, awarding a contract to handle outstanding debts to one company. Under former President Barack Obama, much of the $1.3 trillion business of student lending was moved from banks and other companies to the federal government.

  • SINGAPORE/ HONG KONG, May 18- Singapore- listed Noble Group faces a major challenge over the next few weeks as it negotiates a rollover of credit facilities against the backdrop of a shock quarterly loss that pummeled market confidence in the commodity trader. A $2 billion credit facility, secured on its inventories and working capital, is due to be rolled over by...

  • SINGAPORE/ HONG KONG, May 18- Singapore- listed Noble Group faces a key financing test over the next few weeks as it negotiates a rollover of credit facilities against the backdrop of a surprise quarterly loss that pummelled market confidence in the commodity trader. A $2 billion credit facility, secured on its inventories and working capital, is due to be rolled...

  • NEW DELHI, May 17- Indian banks' struggles with bad loans over the past three years have opened an opportunity to ramp up lending for so-called non-banking financial companies, which are not as strictly regulated as banks. Backed by Deutsche Bank's former co-CEO Anshu Jain, it lends to individuals and small- and medium-sized enterprises including start-ups.

  • *Company must pay outstanding C $325 bln bond on May 24. Canada's largest non-bank lender is struggling with financing problems after depositors withdrew more than 90 percent of funds from its high-interest savings accounts since March 27, when the company terminated the employment of former Chief Executive Martin Reid. The withdrawals accelerated after...

  • TORONTO, May 15- Home Capital may need to draw down more from a high-interest credit facility provided by the Healthcare of Ontario Pension Plan in order to meet a debt repayment due next week, director Alan Hibben told Reuters. Home Capital has pledged to pay back all of an outstanding C $325 million bond on its maturity date of May 24. The withdrawals accelerated...

  • MOSCOW, May 15- Russian bank VTB will be patient over the troubles of Croatian company Agrokor, VTB's Chief Financial Officer Herbert Moos said on Monday. VTB, a large creditor to Agrokor, said it had created extra loan-loss provisions in the first quarter for Agrokor's debt. "Unfortunately we don't yet have a concrete scenario proposed by the company or agents of...

  • BRASILIA/ RIO DE JANEIRO, May 12- Brazilian police are investigating suspected fraud in loans to JBS SA, the world's largest meatpacker, by state development bank BNDES, according to federal court documents released on Friday, adding to scandals circling the company. The Brasilia- based court issued orders to bring in brothers Joesley and Wesley Batista, JBS...

  • TORONTO, May 12- Home Capital Group Inc confirmed on Friday it is considering asset disposals to enable it to refinance more quickly and pay off an emergency loan provided by the Healthcare of Ontario Pension Plan. Shares in Canada's biggest non-bank lender fell by as much as 20 percent in early trading on Friday before paring losses to trade down 11.6 percent at...

  • MUMBAI, May 12- Indian conglomerate Piramal Enterprises said it is looking to expand its real estate development business and also expects to have a licence to start providing home mortgages by July. The Mumbai- based group, whose interests range from pharmaceuticals to financial services and real estate financing in India's big cities, said it now plans to...

  • TORONTO, May 12- Home Capital Group Inc confirmed on Friday it is considering asset disposals to enable it to refinance more quickly and pay off an emergency loan provided by the Healthcare of Ontario Pension Plan. Shares in Canada's biggest non-bank lender fell by as much as 20 percent in early trading on Friday before paring losses to trade down 12.1 percent at...

  • May 12- Azerbaijan's biggest bank, the International Bank of Azerbaijan, published on Friday an indicative restructuring plan after it suspended payments on some of its debts. FBME Bilateral loan N/A USD 111,615,361 Intesa Sanpaolo Trade finance 09/ 07/ 18 EUR 529,635 Rubrika Finance Subordinated 10/ 05/ 17 USD 100,000,000 Company Ltd debt Landesbank Trade...