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Corporate Debt

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  • China’s debt problems are bad, but not Lehman bad Wednesday, 19 Mar 2014 | 8:32 PM ET

    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 adds wrinkle to EM debt concerns Monday, 10 Mar 2014 | 7:05 PM ET

    Yuan weakness may spike some companies' carry trades, adding further concern over emerging market corporate balance sheets amid rising offshore debt.

  • UPDATE 1-Uranium supplier USEC files for bankruptcy Wednesday, 5 Mar 2014 | 7:33 AM ET

    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.

  • Will a weaker yuan heighten China property risks? Tuesday, 4 Mar 2014 | 6:08 PM ET

    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.

  • ServiceMax raises $71 million in new funding Tuesday, 4 Mar 2014 | 11:30 AM ET

    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.

  • Feb 26- Credit rating agency Moody's Corp warned that mortgage servicers such as Ocwen Financial Corp could be pushed into subprime lending as their core business comes under increased regulatory scrutiny.

  • BEIJING/ HONG KONG, Feb 25- China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.

  • TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday after a strong performance in its wealth management business and growth in domestic banking profits in spite of worries about a slowing housing market.

  • TORONTO, Feb 25- Bank of Montreal said on Tuesday its quarterly profit rose 2 percent, topping estimates, as strength in its Canadian branch-banking business and lower loan loss provisions more than made up for a weak performance at its U.S. operation.

  • BEIJING/ HONG KONG, Feb 25- China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.

  • The neighborhood has created heartache for its residents, but it is also disappointing for Citigroup Inc, which helped finance Desarrolladora Homex, the site's developer and once Mexico's second-largest homebuilder. And some banking analysts say they fear the loan losses could be a taste of further emerging market credit losses to come for Citigroup.

  • MUMBAI, Feb 12- India's Piramal Enterprises Ltd said it will join with Canada Pension Plan Investment Board to set up a $500 million fund to finance residential property projects in India.

  • Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as easier availability of loans amid an improving economy encouraged more people to buy cars.