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.» Read More
MOSCOW, March 25- Russia's Rosneft, the world's largest listed oil company by output, said on Tuesday it had repaid some $10.6 billion to international banks raised for its takeover of TNK-BP. Rosneft, headed by Igor Sechin, a close ally of President Vladimir Putin, said it paid back loans ahead of time in December-March.
LONDON, March 24- Commodity trader Gunvor has reassured lenders the firm will avoid U.S. sanctions under its new ownership structure as it presses ahead with plans to raise what bankers said would be a $665 million syndicated loan.
March 24- Coal miner SouthGobi Resources Ltd warned that it was unlikely to have enough cash to meet its debt obligations and was looking for financing to continue its operations in Mongolia. A continued delay in securing additional financing could result in a default of its $250 million China Investment Corp convertible debentures, SouthGobi said.
LONDON, March 24- Commodity trader Gunvor has reassured lenders the firm will avoid U.S. sanctions under its new ownership structure as it presses ahead with plans to raise a $665 million syndicated loan, bankers said on Monday.
NEW YORK, March 23- Investors worried the Federal Reserve will start raising interest rates in a year's time or even sooner should stick with shorter-maturity bonds, high-quality corporate debt and stocks with attractive dividends like utilities.
LONDON, March 21- The future of two big loans for oil trading firm Gunvor and petrochemicals group Sibur were thrown into doubt after Russian businessman Gennady Timchenko appeared on the US sanctions list over Russia's involvement in Crimea and Ukraine.
Online home-rental marketplace Airbnb is in talks with private equity firms, according to a report.
March 20- Online home-rental marketplace Airbnb Inc is in advanced talks with private equity firms including TPG Capital Management LP to raise funds that would value the company at about $10 billion, the Wall Street Journal reported on Thursday.
The drumbeat of bad news about China's debt defaults is likely to continue, but comparisons with Lehman Brothers or Bear Stearns may be overdone.
Yuan weakness may spike some companies' carry trades, adding further concern over emerging market corporate balance sheets amid rising offshore debt.
March 5- USEC Inc filed for bankruptcy after struggling with weak prices for the enriched uranium it supplies to nuclear power plants and difficulties in financing a major project. USEC has also been hit by delays in securing funding for its American Centrifuge Project in Ohio.
*Default positive for rational risk pricing in China- analysts. The warning by Shanghai Chaori Solar Energy Science and Technology Co Ltd highlights rising credit risk in China, where a massive run-up in corporate debt since 2008- and overcapacity in sectors such as steel, coal and solar- have threatened the solvency of many borrowers.
*Default would be first-ever in China's domestic bond market. The warning by Shanghai Chaori Solar Energy Science and Technology Co Ltd highlights the rising credit risk in China, where record levels of corporate debt are likely to accelerate a spate of restructuring and trigger more defaults.
China's property sector, already a nagging economic risk, may become a victim of the yuan's unexpected weakening as developers' debt costs may rise.
SAN FRANCISCO, March 4- ServiceMax field service management company said Tuesday it had raised $71 million in new financing, bringing its total funding to $120 million. He said the closest competitors are elements of software services provided by customer relations management businesses Oracle Corp and SAP AG.
Alexei Miller also said Gazprom could offer Ukraine a loan of $2- 3 billion to pay off the country's debt of more than $1.5 billion after Ukraine told the state company it was unable to pay in full for gas deliveries in February, according to Interfax.
NEW YORK, March 3- JPMorgan Chase& Co will pay $400 million to settle lawsuits brought by bond insurer Syncora Guarantee Inc over toxic mortgage-backed securities, according to the insurer. Brian Marchiony, a spokesman for JPMorgan, declined on Monday to comment on the Syncora settlement.
The Thomson Reuters/ PayNet Small Business Lending Index, which measures the volume of financing to small companies, rose to 117.2 in January, up 4 percent from a year earlier, PayNet said on Monday. "It was unexciting growth but it was growth nonetheless," PayNet founder Bill Phelan said.
WASHINGTON, Feb 26- The U.S. consumer watchdog said on Wednesday it has sued ITT Educational Services Inc for what the agency says are predatory student lending practices that could lead borrowers to default on their loans.
Feb 26- General Electric Co said it would pay $1.7 billion to Japan's Shinsei Bank Ltd to end exposure to interest repayment claims related to the sale of its Japanese consumer loan business to the bank in 2008.. GE said on Wednesday the deal would reduce fourth-quarter and 2013 earnings by $1 billion and earnings per share by 9 cents.