*Belarus economy has been hit by economic turmoil in Russia. MINSK, Jan 29- Belarussian President Alexander Lukashenko spooked bond markets on Thursday by speaking of a possible restructuring of $4 billion of Belarussian foreign debt falling due this year, then softened his comments to refer only to refinancing. During a marathon news conference the veteran...» Read More
NEW YORK, Aug 21- Hedge funds negotiating with Puerto Rico's public power authority PREPA over a possible restructuring of more than $8 billion in bonds include two involved in Argentina's protracted bond negotiations, Knighthead Capital Management and Redwood Capital Management, according to the full bondholder agreement published on Thursday.
Argentina slid into default last month after a New York court blocked an interest payment of $539 million owed to holders of debt that was restructured after the country's record 2002 default.
NEW YORK, Aug 19- Puerto Rico's benchmark general obligation bonds rallied to their highest level in over three months on Tuesday as investors bet the bonds will be not be affected during a possible restructuring of the island's power authority.
Citigroup told the US appeals court that Argentina's banking license may be at risk as a result of the standoff between the country and hedge funds.
NEW YORK, Aug 19- Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff. Citi expects to receive about $5 million from Argentina ahead of its next coupon payment deadline of Sept. 30.
NEW YORK, Aug 15- Bonds of Puerto Rico's PREPA power authority hit their highest price in nearly two months on Friday, a day after the troubled utility reached a deal with creditors to extend credit lines and develop a plan to restructure its business. Amodeo does not hold PREPA bonds but does own Puerto Rico general obligation and tax revenue bonds.
Aug 14- Puerto Rico's electric power authority PREPA struck a deal with bondholders on Thursday to develop a restructuring plan to revive the debt-stricken utility as it got an extension of vital lines of credit it uses to buy oil. :Puerto Rico's highway, water and electricity authorities hold about $20 billion in bonds.
International banks had appeared to be nearing agreement to buy Argentina paper from holdout creditors who have refused to accept a debt restructuring deal with the sovereign.
Aug 14- Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015. Shares in Cisco, still the world's largest networking equipment maker, were down 2.7 percent at $24.52 on the Nasdaq.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco shares were down 1.5 percent at $24.82 in premarket trading on the Nasdaq.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco said $250- $350 million of the charges would be recognized in the first quarter.
Bankruptcy Judge Steven Rhodes on Wednesday pushed the start of the trial on Detroit's exit from the largest municipal bankruptcy in U.S. history to Aug. 29 from Aug. 21, with opening statements scheduled for the following Tuesday, Sept. 2.
SAN JUAN, Puerto Rico, Aug 13- Puerto Rico's electric power authority, PREPA, is likely to get an extension of vital lines of credit in an agreement that could see lenders appoint a restructuring expert at the debt-stricken utility, a financial industry executive familiar with the situation said on Wednesday.
The move, known as acceleration, could push Argentina into a new restructuring on up to US $30 bn in debt and significantly complicate efforts to put its decade-long debt woes to rest.
Aug 12- A federal judge could once again push back the start date for the trial on Detroit's exit from the largest municipal bankruptcy in U.S. history after some creditors said on Tuesday a possible settlement is snarling key components of the restructuring plan.
LONDON, Aug 8- Ukrainian companies' dollar bonds are lower than they've been for months on fears the country's worsening economy, armed rebellion and dispute with Russia will send more of them the way of agro firm Mriya, which has hinted at a debt restructuring.
Barclays is braced for further job losses at its investment bank, as the re-shaping of the bank continues.
James Halstead, managing partner at Aviation Strategy, discusses airlines ahead of quarterly results and highlights the restructuring currently underway.
Ton Buchner, CEO of AzkoNobel, says the group is stepping up its cost reduction plans to meet an improvement program target and discusses growth in China and U.S.
Microsoft's CEO Steve Ballmer is creating "cross-functional strike teams" to work across the individual engineering divisions to spearhead new ideas, explains CNBC's Jon Fortt.