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Corporate Debt

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  • *Toshiba tumbles after saying it will appoint committee to investigate earnings. *Tomony Holdings jumps after saying it considers buying MUFG affiliate. TOKYO, April 6- Japan's Nikkei share average fell on Monday as weak U.S. jobs data soured sentiment, but Sharp Corp jumped after a source said it may spin off its LCD panel business and seek financing from a...

  • DUBAI, April 4- Kuwait Foreign Petroleum Exploration Company, a wholly-owned subsidiary of Kuwait Petroleum Corp, said on Saturday it had received an additional $1.5 billion loan, raising a previous debt it took last November to $2.5 billion. Bank of Tokyo-Mitsubishi-UFJ, HSBC Plc, JP Morgan, National Bank of Kuwait and Royal Bank of Scotland acted as...

  • WASHINGTON, March 30- U.S. regulators took aim at financier Lynn Tilton and her advisory business on Monday, saying she breached her fiduciary duty to investors by hiding the poor performance of loans underlying three collateralized loan obligations. The Securities and Exchange Commission said that Tilton and Patriarch Partners were able to collect almost...

  • ZURICH, March 30- Switzerland's Dufry plans to raise around 3.6 billion euros through a mixture of debt and equity financing for its planned takeover of Italy's World Duty Free, Dufry said on Monday. The company expects to raise at least 2.1 billion euros through a rights issue, and up to 1.5 billion euros via long-term debt instruments. On Saturday, Dufry said it...

  • Play corporate bonds for the short term: Goldman Sunday, 29 Mar 2015 | 11:27 PM ET

    While corporate bonds may not look terribly attractive amid rising rate expectations, Goldman tips a good performance – but only in the short term.

  • March 27- Hong Kong stocks ended flat on Friday, with banking heavyweights down but property stocks firmer after news of government measures to support the real estate sector. Bank of Communications Co Ltd said on Thursday its bad loan ratio rose to 1.25 percent, the highest level since 2010.. Among the most actively traded stocks on Hong Kong's main board were...

  • HONG KONG/ SHANGHAI, March 26- China's Bank of Communications Co Ltd, said on Thursday its bad loan ratio rose to 1.25 percent, its highest level since 2010, as the lender grappled with borrowers' increasing inability to repay debt in China's slowing economy. The result compared with the 13.9 billion yuan average estimate of analysts polled by Thomson Reuters.

  • HONG KONG/ SHANGHAI, March 26- Industrial and Commercial Bank of China Ltd said on Thursday net profit fell 3 percent in the fourth quarter of 2014, the first time its final quarter profit has fallen since 2008 as China's economic growth slows. In common with the other "big four" lenders- Agricultural Bank of China Ltd, Bank of Communications Co Ltd and China...

  • SANTIAGO, March 25- Chilean fertilizer company SQM, enmeshed in a tax and illicit campaign financing scandal, said on Wednesday it has identified about $11 million in questionable payments from the office of its recently fired chief executive officer. Authorities in Chile are investigating whether money from SQM and other companies was siphoned to fund...

  • March 24- Ocwen Financial Corp said it would sell an additional $25 billion of servicing rights on agency loans to a subsidiary of Nationstar Mortgage Holdings Inc, its fourth such deal in two months. The portfolio being sold to Nationstar comprises about 142,000 performing loans owned by government-controlled mortgage finance firms Freddie Mac and Fannie...

  • HONG KONG/ SHANGHAI, March 24- Agricultural Bank of China Ltd on Tuesday reported a 4 percent dip in fourth-quarter profit and a spike in bad loans as manufacturers and retailers struggled to repay debt while economic growth slowed. "This year, industry net interest margin will be on a downward trend, first quarter profit is also likely to fall," Chief Financial...

  • March 24- Ocwen Financial Corp said it would sell an additional $25 billion of residential mortgage servicing rights to a subsidiary of Nationstar Mortgage Holdings Inc..

  • March 23- Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification...

  • Why US companies are selling record euro debt Monday, 23 Mar 2015 | 9:38 AM ET
    A financial trader monitors data on computer screens as a desktop television shows euro currency banknotes at the Frankfurt Stock Exchange in Frankfurt, Germany.

    Depressed yields in Europe are attracting record debt sales by U.S. multinationals, the Financial Times reports.

  • March 23- Ocwen Financial Corp refuted allegations of poor mortgage-servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification...

  • Can Greece make up with Germany?   Monday, 23 Mar 2015 | 5:00 AM ET
    Can Greece make up with Germany?

    Greek Prime Minister, Alexis Tsipras, is due to meet German Chancellor, Angela Merkel, to discuss debt negotiations. CNBC's Annette Weisbach discusses what to expect.

  • March 23- Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and trustees in January, alleging improper loan...

  • Chinese property developer Kaisa Group, illustrates the challenges for investors holding uninsured corporate debt: Kaisa is trying to restructure 48 billion yuan of debt and is mired in crisis after the local government in its home base of Shenzhen blocked sales at some of its projects last year, leaving investors shell-shocked. A debt restructuring plan...

  • Five themes Asia investors need to know Thursday, 19 Mar 2015 | 8:50 PM ET
    An Indonesian man looks at a running display showing share prices at the stocks exchange building in Jakarta.

    Volatility has become a market hallmark this year and investors across Asia are grappling with a slew of issues. Here are the top five themes.

  • CARACAS, March 19- China will lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the other half for the development of oil fields, a senior official at state oil company PDVSA said on Thursday. Fresh funds are a boon for financially squeezed Venezuela and will likely increase market confidence over the OPEC...