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Corporate Debt

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  • Average US 30-year mortgage rate at 4.12 percent Thursday, 31 Jul 2014 | 10:09 AM ET

    WASHINGTON— Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30- year loan slipped to 4.12 percent from 4.13 percent last week. But that's down from 10.8 percent in the previous month and was the smallest annual gain since February 2013.

  • MOSCOW, July 30- Russia's second largest natural gas producer Novatek said on Wednesday it was assessing the impact of U.S. sanctions on the financing of joint investment projects. The company repeated that its key projects would go ahead despite sanctions imposed by Washington over Moscow's actions in Ukraine.

  • As scrutiny mounts, mortgage servicers push into lending Wednesday, 30 Jul 2014 | 8:46 AM ET

    July 30- Mortgage servicers in the United States are evolving into the next big lenders, sidestepping regulatory scrutiny to win business in a gap left by the retreat of big banks from the home-loan market.

  • Ally posts 2Q profit on higher auto loan demand Tuesday, 29 Jul 2014 | 11:32 AM ET

    DETROIT— Ally Financial Inc. on Tuesday reported a second-quarter profit after posting a loss in the same period a year ago as more people deposited money into its bank and demand for auto loans increased.

  • NEW YORK, July 29- Ally Financial Inc reported a bigger-than-expected quarterly profit on Tuesday as auto lending jumped 11 percent to the second-highest level in the company's history. The former financing arm of General Motors Co said it had earned $323 million, or 54 cents per share, in the second quarter.

  • NEW YORK, July 25- A former middle manager at Citigroup's Banamex unit in Mexico denied he was involved in abetting a corporate loan fraud involving oil pipeline maintenance company Oceanografia.

  • Average US 30-year mortgage rate at 4.13 pct. Thursday, 24 Jul 2014 | 10:40 AM ET

    WASHINGTON— Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30- year loan was 4.13 percent, unchanged from last week.

  • Why China hasn’t seen more defaults Wednesday, 23 Jul 2014 | 7:08 PM ET

    Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.

  • Chipotle and Crocs are big market movers Tuesday, 22 Jul 2014 | 4:22 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Chipotle Mexican Grill Inc., up $69.84 to $659.77. The commercial financing company is buying OneWest Bank in a $3.4 billion cash-and-stock deal, adding retail branches in California.

  • MEXICO CITY/ NEW YORK, July 21- Preliminary findings of a probe by Citigroup's Mexican unit, Banamex, into how it lost more than $500 million in a corporate loan fraud differ markedly from the results of a separate investigation by the Mexican banking regulator.

  • NEW YORK, July 18- Citigroup Inc has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure.

  • The eruption of conflict earlier this year over Ukraine's borders and subsequent economic sanctions against Russia has caused a sharp drop-off in corporate debt issuance from Eastern Europe, including Russia, and massive capital flight from that country.

  • LIMA, July 17- Brazilian construction firm Odebrecht plans to build a $5 billion natural gas pipeline in Peru by 2018, more than a year before a deadline, and it is now in financing talks with global banks, an executive with the firm said Thursday.

  • Perella Weinberg CEO joins Funding Circle board Wednesday, 16 Jul 2014 | 7:01 PM ET

    LONDON, July 17- The chief executive of corporate finance firm Perella Weinberg is to join the board of peer-to-peer loan company Funding Circle, in a major coup for the small business lender as it builds up its U.S. presence.

  • LISBON, July 16- Portugal Telecom has agreed to revise terms of a merger with Brazil's Oi to reflect a lower valuation of the Portuguese company after a holding company of the troubled Espirito Santo family failed to repay a $1 billion loan.

  • SAO PAULO, July 15- Itaú Unibanco SA borrowed a combined $480 million from a U.S. government-run lender and Wells Fargo& Co, as Latin America's largest bank by market value is increasingly using loan markets to finance clients in Brazil, its home turf.

  • Does Asia face Portugal-style debt risks? Friday, 11 Jul 2014 | 1:21 AM ET

    Rising Asia corporate debt levels may make investors nervous after missed debt payments by a Portugal conglomerate spurred renewed default fears.

  • LONDON, July 10- European shares edged lower on Thursday, led by Nordic shares after disappointing updates by Norwegian bank DNB and Swedish construction firm Skanska. Norway's largest bank posted lower than expected second-quarter results, partly due to higher loan losses, while Skanska said its Latin American operations showed continued losses.

  • What taper tantrum? EM bonds return to peaks Tuesday, 8 Jul 2014 | 6:28 PM ET

    Emerging market bonds have been hot this year, erasing price falls following last year's "taper tantrum," but some say the rally may be getting old.

  • July 8- American Apparel Inc has contested a claim made by lender Lion Capital that it has defaulted on a $9.9 million loan, according to a company filing on Tuesday. Lion Capital, a British investment firm, said it had the right to recall the loan when American Apparel's management changed.