NEW YORK, Nov 20- U.S. banks are taking on "incredible" risk in corporate and commercial lending, offering interest rates and terms that do not reflect potential losses, BB&T Corp Chairman and Chief Executive Kelly King said on Thursday. U.S. commercial banks had $1.74 trillion worth of commercial and industrial loans as of October on a seasonally adjusted basis,...» Read More
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.
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.
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.
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 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.
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 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.
SHANGHAI/ BEIJING, June 27- China's Shanxi Coal International Energy Group said it was suing the company at the center of the alleged metals financing fraud at Qingdao port and its parent for over $177 million in missed payments the two had guaranteed, a move that suggests the scandal is starting to affect other sectors in China.
Despite a plethora of headwinds, Australia shares may be poised for a rally, as analysts expect more companies to pursue acquisitions.
SHANGHAI/ HONG KONG/ SYDNEY, June 26- A warehouse fraud at China's third-largest port has forced banks and trading houses to consider new controls in the country's massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.
June 26- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected quarterly profit as it sold more homes at higher prices. Lennar's average selling price rose 14 percent in the quarter amid tighter supply of homes. Lennar's profit was weighed down by losses in its real estate financing business and multi-family home business.
TOKYO, June 26- Caesars Entertainment Corp will likely agree to a debt restructuring with bondholders within a year and should have no problem financing a foray into the Japanese market, the debt-strapped casino operator's chief executive said on Thursday.
China shadow banks have lower lending rates than traditional banks, China Beige Book data show, but it may not signal a hiccup in efforts to curb the sector.