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Corporate Debt

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  • 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.

  • Average US mortgage rates dip slightly Thursday, 17 Jul 2014 | 10:48 AM ET

    Mortgage company Freddie Mac reported Thursday that the nationwide average for a 30- year loan dipped to 4.13 percent, down from 4.15 percent last week. Fed Chair Janet Yellen told Congress this week that the purchases will likely end altogether at the end of October.

  • 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.

  • AP Top Extended Financial Headlines At 9:13 a.m. EDT Friday, 11 Jul 2014 | 9:13 AM ET

    Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Wells Fargo 2 Q profit climbs, helped by loan growth; Revenue falls but tops Wall Street's view Asian stock markets weak amid new Europe jitters after problems at Portugal bank Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Bulgaria to strip major bank of license; submits audit results to prosecutor US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Portugal's biggest bank says it can cope with losses, helping to steady financial markets

  • AP Top Extended Financial Headlines At 8:26 a.m. EDT Friday, 11 Jul 2014 | 8:26 AM ET

    Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Asian stock markets weak amid new Europe jitters after problems at Portugal bank Wells Fargo 2 Q profit climbs, helped by loan growth; Revenue falls but tops Wall Street's view Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Infosys quarterly profit up 15.3 percent, maintains revenue growth forecast Portugal's biggest bank says it can cope with losses, helping to steady financial markets AP Interview: Dubai airport boss aims to keep pace with rapid growth in flight toward top rung Traders in Buenos Aires, Frankfurt should be alert to World Cup final outcome, research shows

  • 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.

  • July 8- Struggling retailer American Apparel Inc said it received a notice of default from Lion Capital, one of its lenders, following its failure to repay a $10 million loan. Lion Capital had asked American Apparel last month to repay the loan four years early after the retailer ousted its founder and CEO Dov Charney on June 18.

  • Is shadow banking set to take off globally? Tuesday, 8 Jul 2014 | 12:30 AM ET

    Shadow banking gets tagged as a China risk, but it may be rising globally as low interest rates spur yield chasing and tougher rules constrain banks.

  • American Apparel in talks to pay off loan: Report Monday, 7 Jul 2014 | 6:20 AM ET
    An American Apparel store on June 19, 2014 in New York City.

    American Apparel is in talks with Standard General to secure funding and replace its board except for two co-chairmen, according to the WSJ.

  • NEW YORK, July 6- American Apparel Inc is in talks with Standard General, the New York- based hedge fund that controls 43 percent of the company's stock, to secure funding that would let the retailer pay off a $10 million loan and replace its board except for two co-chairmen, the Wall Street Journal reported on Sunday.

  • 11th-hour talks are key for American Apparel Saturday, 5 Jul 2014 | 7:16 AM ET
    An American Apparel store on June 19, 2014 in New York City.

    The future of American Apparel hangs in the balance. The NYTimes reports.

  • SHANGHAI, July 2- A Chinese bank is suing a local government-controlled property investment firm over a bad loan, in a rare public display of a deepening rift between lenders and borrowers in China's murky $3 trillion local debt market.

  • DOHA, July 1- Saudi Arabian Mining Co has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.

  • Puerto Rico debt slumps on downgrades, new law Friday, 27 Jun 2014 | 4:57 PM ET
    Signs of economic depression are visible in the Condado neighborhood of San Juan, Puerto Rico.

    Puerto Rico public corporation debt slumped after a new law that allows agencies to restructure their debts sparked fears of an imminent default.

  • *Project to overhaul Belgrade waterfront to cost 3 bln euros. *Dubai- based construction firm Eagle Hills to provide financing. BELGRADE, June 27- Serbia unveiled plans on Friday to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro scheme that will be funded by Gulf Arab cash.