Sept 19- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.» Read More
SHANGHAI, June 18- Chinese commodities trader CITIC Resources Holding Ltd said on Wednesday that more than 100,000 tonnes of alumina stored at Qingdao port was missing, deepening fears that firms exposed to a metals financing scam at the port could face big losses.
NEW YORK, June 17- The venture capital arm of Japan's SoftBank Corp is investing in enterprise mobile company Kony Inc, Kony said in a statement on Tuesday. SoftBank Capital will lead the $50 million financing round, Kony's largest to date, with existing and new investors including Insight Venture Partners, Telstra Ventures and Georgian Partners.
*Lack of finance a major hurdle for Africa's development. *World Bank leading program to promote credit bureaus. LUSAKA/ LAGOS, June 17- When Joyce Musonda wanted to start a business two years ago selling kitchen tiles from her backyard in an up-and-coming district of Zambia's capital of Lusaka, she braced herself for a battle to find a start-up loan.
June 16- Payment processor Wex Inc said it would buy privately held peer Evolution1 for $532.5 million in cash to strengthen its position in the healthcare payment processing market. The deal, expected to close in the third quarter, would be funded through cash on hand and existing credit facility, Wex said in a statement on Monday.
NEW YORK, June 16- Bank of America Corp has become the first big bank to agree to use a New York regulator's database to ensure it does not process illegal payments from payday lenders to state residents, Governor Andrew Cuomo said on Monday.
Corporate debt in Asia-Pacific will exceed that of North America and Europe combined by 2016 as the center of gravity shifts to the region, says S&P.
June 12- Canada's Amaya Gaming Group Inc on Thursday said it will buy for $4.9 billion Rational Group, which owns and operates the world's biggest online poker company PokerStars. Deutsche Bank, Barclays and Macquarie Capital will provide $2.9 billion in credit facilities and other financing.
*Proceeds to partly replace loan for Maroc Telecom buy. DUBAI, June 11- Abu Dhabi- based telecommunications operator Etisalat sold $4.3 billion worth of bonds on Wednesday, setting one record as the region's biggest corporate issue ever and another for the cheapest pricing, bankers said.
*CITIC Resources says probe may hit metal it owns at China's Qingdao port. SHANGHAI/ HONG KONG, June 10- China is investigating a private metals trading firm over a suspected metal financing scam at Qingdao port, police sources said, as CITIC Resources Holdings Ltd warned that metal it owns at the port may be affected by the probe.
SHANGHAI, June 10- China's Qingdao Port Authority and the city's police are investigating a private metals trading firm, Decheng Mining, over a suspected metal financing scam at the port, two police sources with direct knowledge of the matter said.
NEW YORK, June 10- Wall Street banks are playing cat-and-mouse with U.S. regulators over rules that seek to reduce lending for deals that load up companies with too much debt, as they try to retain a profitable business and meet demands from clients and investors.
*Says probe may hit metal it owns at China's Qingdao port. HONG KONG June 10- CITIC Resources Holdings Ltd said on Tuesday that metal it owns at Qingdao port may be affected by a probe into suspected fraud, the latest firm caught up in a scandal that has raised broader worries about the risks of metal financing in China.
WILMINGTON, Del, June 6- Bankrupt Energy Future Holdings, Texas's largest power company, received court approval on Friday for one of its main businesses to borrow $5.4 billion to carry out a refinancing that is key to its huge restructuring. Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware.
HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd weakened in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.
HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd are set open flat in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.
WILMINGTON, Del, June 5- Texas's largest power provider, the bankrupt Energy Future Holdings, was cleared to get final approval on Thursday for about $4.5 billion in financing deals that it has said were important to maintaining its business.
WILMINGTON, Del, June 5- A lawyer for Texas's largest power provider, the bankrupt Energy Future Holdings, told a judge on Thursday the company had resolved most objections to financing arrangements that were important to maintaining its business.
June 4- Texas power giant Energy Future Holdings will square off against creditors in bankruptcy court on Thursday over a key question: will borrowing billions of dollars prop up the business or deepen its insolvency?
LONDON, June 4- Worries over a probe into commodity stockpile financing at China's Qingdao port appeared to deepen on Wednesday as Standard Bank Group and a part-owned unit of Louis Dreyfus Corp warned of potential losses and copper prices fell further.
NEW YORK/ FRANKFURT, May 29- Germany's Deutsche Telekom AG is willing to keep a minority stake in a deal to sell T-Mobile US Inc to Japan's Softbank Corp, but other details such as price and financing remain to be worked out, according to sources familiar with the situation.