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  • IMF says measures to solve China debt could make problem worse

    Experts at the International Monetary Fund say design is key for the suggested methods to work.

  • WASHINGTON, April 26- China's massive corporate debt problem could be eased through debt-to-equity conversions or securitization of non-performing loans, the International Monetary Fund said on Tuesday, but only if these apply to viable firms that undergo restructuring. The IMF said in a blog posting on its website that it welcomes recent statements by...

  • A pedestrian walks past a Sports Authority Inc. store in New York, U.S., on Saturday, Feb. 6, 2016. Sports Authority, once the biggest sporting-goods chain in the U.S., is preparing to file for bankruptcy.

    The sports retailer's attorney told a judge that Sports Authority will pursue liquidation instead of trying to restructure itself.

  • Flames leap from a burner unit at the Exxon-Mobil refinery in Torrance, Calif.

    Standard and Poor's downgraded ExxonMobil's credit rating from AAA to AA+ because of expectations of continuing low oil prices.

  • April 25- At an early 2015 investor conference, SunEdison's then-chief financial officer, Brian Wuebbels, trumpeted the profit potential in the solar developer's relationship with a venture it had recently spun off. SunEdison had established TerraForm Power Inc as a "yieldco," a complex financing vehicle to purchase energy projects from SunEdison and other...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- SunEdison Inc asked a U.S. bankruptcy judge on Thursday to appoint an independent examiner to review recent transactions, although the company said it is not aware of any particular wrongdoing. The company cited in the request a subpoena it received from the U.S. Department of Justice related to financing activity, an investigation by the U.S....

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. Aeropostale is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • LONDON, April 21- Britain said on Thursday it could take an equity stake of up to 25 percent in Tata's UK steel assets or provide hundreds of millions of pounds worth of debt financing to help support a potential buyer. Britain could take a stake of up to 25 percent in the assets, the Business Ministry said in a statement but added that the government would take no...

  • MOSCOW, April 21- Russia's Yamal LNG project, which is expected to start producing liquefied natural gas next year, will receive around $10 billion in loans from Chinese banks in May, an official at China National Petroleum Corp said on Thursday. "It has been almost decided, the talks with the banks are underway," CNPC's First Vice President Wang Zhongcai told...

  • April 19- Privately held outdoors retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc's private equity arm to make an offer for U.S. hunting and fishing store chain Cabela's Inc, people familiar with the matter said. The move gives Bass Pro the equity financing necessary to pursue Cabela's and makes such a deal more likely, given the potential cost...

  • April 19- Oil and gas producer Denbury Resources Inc said its lenders reduced its borrowing base by 30 percent to $1.05 billion and that it had to pledge more assets. The company said the amendment to its credit facility increased the mortgaged property collateral requirement to 90 percent from 85 percent of its proved reserves. The amendment also allows the...

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

    China's vice finance minister sought to ease nerves over the country's high levels of corporate debt, defending the government's performance.

  • April 15- Solar energy company SunEdison Inc is preparing to file for bankruptcy as early as Sunday evening, a person with direct knowledge of the matter said on Friday. SunEdison, which had debt of about $12 billion as of Sept. 30, said in a filing on Friday that it was in talks for potential debtor-in-possession financing with some of its first and second-lien...

  • SunEdison said it needed about $310 million to stay in business, estimating a cash shortfall of $260 million by mid-June. "It is definitely a sign that they are thinking about it because they are trying to get the arrangement in place before they file," said Ian Feng, an analyst at credit research firm Covenant Review. SunEdison, which had debt of about $12 billion as...

  • Argentina is preparing to launch its first international bond issue in 15 years next week, raising up to $15 billion to firm up government financing and settle litigation that followed its record $100 billion default in 2002.. Moody's upgraded Argentina to B3 with a stable outlook, six levels below investment grade. Argentina on Friday confirmed the names of...

  • April 15- Grocery chain operator Fairway Group Holdings Corp has reached a tentative deal with creditors to restructure its debt in bankruptcy, Bloomberg reported, citing people familiar with the matter. Specific terms of the deal, including the size of the financing and whether store lease contracts for underperforming stores will be kept, are still under...

  • SunEdison, which is widely expected to file for bankruptcy soon, said it needs about $310 million to continue in operation as it estimates a cash shortfall of $260 million in June. The company's shares, which have lost nearly all of their value in the past 12 months, were down 23.6 percent at $0.44 in premarket trading. The company, which has racked up about $12...

  • April 15- Solar energy company SunEdison Inc said on Friday it was in talks for potential debtor-in-possession financing with some of its first and second-lien lenders.