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  • SAO PAULO/ NEW YORK, Feb 25- PetrĂ³leo Brasileiro SA has hired JPMorgan Chase& Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the biggest...

  • SAO PAULO, Feb 25- PetrĂ³leo Brasileiro SA's decision to cut capital spending plans by $16 billion this year could hamper Brazilian banks with loan exposure to the oil and gas industry, especially state-controlled Banco do Brasil SA, analysts at Goldman Sachs Group Inc said on Wednesday. Guidance provided by Brazil's top banks that was unveiled prior to the...

  • SYDNEY/ WELLINGTON, Feb 24- New Zealand- based Martin Aircraft Ltd soared as much as 63 percent in its Australian share market debut on Tuesday, after the jetpack maker raised A $27 million to help bring its personalised aircraft to market. Martin, which struck a financing deal with China's KuangChi Science Ltd worth A $50 million over the next two years, hopes to...

  • U.S. online marketplace for auto loans debuts Monday, 23 Feb 2015 | 2:59 PM ET

    NEW YORK, Feb 23- DriverUp, a U.S. online marketplace that allows hedge funds to invest directly in car loans, launched on Monday with a $50 million investment from venture capital firms. Before starting Sierra in 2012, Ellis founded Exeter Finance Corp, a subprime lender acquired by Blackstone Group LP in 2011.. Consumers took out $105 billion in auto loans in the...

  • HLSS Servicer Advance Receivables Trust, a key funding source for Ocwen and a unit of Home Loan Servicing Solutions Ltd, was served a notice last month. Ocwen and Home Loan Servicing Solutions said on Wednesday that no other noteholders agree with BlueMountain's allegations. Ocwen shares were down about 2 percent at 9.83 in afternoon trade on the New York Stock...

  • Allen Reichman, 55, pleaded guilty in Manhattan federal court to one count of conspiracy to commit wire fraud in a case that originated with a related investigation into a failed New York bank. In December one of his co-defendants, Kentucky businessman Wilbur Huff, pleaded guilty. The case grew out of a probe into Park Avenue Bank, which went under in March 2010.

  • BRUSSELS, Feb 19- The German government expects Greece to make a firm commitment to its previous reform agreements, a euro zone official told Reuters on Thursday after the finance ministry in Berlin rejected a new proposal from Athens on an extension of its loan agreement.

  • Kaisa raises red flag on Chinese developers' leverage Wednesday, 18 Feb 2015 | 8:11 PM ET
    At a property trade fair in Beijing, China

    A jump in homebuilder Kaisa's debt levels has left investors worried that leverage at other Chinese developers could be much higher than estimated.

  • TIMELINE-Indonesia's Bakrie Telecom restructuring process Wednesday, 18 Feb 2015 | 4:00 PM ET

    BACKGROUND Bakrie Telecom Tbk set up a special purpose vehicle- Bakrie Telecom Pte Ltd- to sell a $380 million bond in New York in 2010. The bond matures in May 2015 and bears an 11.5 percent coupon. Bakrie Telecom Tbk guarantees the bond while Bakrie Telecom Pte Ltd lends the proceeds to the listed parent company under an inter-company loan agreement.

  • Banks aren't lending. Here's who is  Wednesday, 18 Feb 2015 | 2:00 PM ET

    Consumers are turning to credit unions more and more for loans as credit at traditional banks remains tight. CNBC.com Finance Editor Jeff Cox reports.

  • Feb 18- Citigroup Inc said it would set aside $100 billion to fund environmental projects over the next decade, doubling the amount it had earmarked for such projects in 2007.. Citigroup financed the Solar Star photovoltaic project in Southern California for Berkshire Hathaway Energy in 2013.. The project, constructed by Sunpower Corp, is expected to generate...

  • *Could fund minority stake in Germany's Lanxess. DUBAI, Feb 18- State oil giant Saudi Aramco is talking to banks about taking a $10 billion loan for general business purposes, according to two banking sources aware of the matter, with one saying the deal could close by the end of the month. Aramco also has a $4 billion existing loan due to mature later this year, and has...

  • BELGRADE, Feb 17- The sale of Serbia's sole steel mill to U.S. firm Esmark collapsed on Tuesday, in a blow to government efforts to rein in spending under the terms of a loan deal with the International Monetary Fund. The steel mill has been draining $120 million per year in taxpayers' money since Serbia bought it back from U.S. The government committed to cut...

  • UPDATE 2-Abu Dhabi's NMC Health signs $825 mln loan Monday, 16 Feb 2015 | 3:43 AM ET

    ABU DHABI, Feb 16- NMC Health, the London- listed United Arab Emirates healthcare provider, has agreed a five-year $825 million loan with a group of six banks that will be used pay down existing debt and fund acquisitions, the company said on Monday. The Abu Dhabi- based company said the facility was divided into two tranches, with both priced in a mix of U.S. dollars and...

  • A consortium of banks, led by JPMorgan Chase& Co, had offered to finance the deal for Telesat's parent, New York- based Loral Space& Communications Inc, offering much more debt than regulators are comfortable with, the sources said. After discussions with regulators, however, JPMorgan revised its debt financing offer down, offering to lend an amount equal to closer...

  • BRASILIA, Feb 12- Brazil's state-run oil firm Petroleo Brasileiro SA plans to publish audited results for 2014 by the end of May, the company said on Thursday in a securities filing. Petrobras said the drop in oil prices and the company's high indebtedness will force it to reduce investment and look at other financing alternatives and ways to raise its cash flow.

  • MILAN, Feb 12- UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet. UniCredit said on Thursday the bad loan portfolio being sold had a gross book value of 2.4 billion euros.

  • Why Apple is selling Swiss franc bonds Tuesday, 10 Feb 2015 | 1:51 PM ET

    Some are asking why Apple is selling Swiss franc bonds, but the more apt question may be: Why not?

  • WILMINGTON, Delaware, Feb 9- Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores. RadioShack, which filed for Chapter 11 bankruptcy last week, has an initial deal to sell as many as 2,400 of its 4,100 stores to an affiliate...

  • NEW YORK, Feb 5- Venezuela's US refining unit Citgo was forced to sweeten the terms of a US $2.5 bn financing package aimed at pumping new cash into the coffers of the South American country's state-owned oil company PDVSA. "Initial price indications were too tight for investors," said Jorge Piedrahita, Chief Executive Officer or brokerage Torino Capital.