Credit
Corporate Debt
Oct 18- Credit card issuer American Express Co reported about 19 percent jump in quarterly profit as higher billings and loan growth helped offset a jump in costs. Net income attributable to common shareholders rose to $1.36 billion, or $1.50 per share, in the third quarter ended Sept. 30, from $1.14 billion, or $1.20 per share, a year earlier. Total revenue, net of...
NEW YORK— Getting a bank loan is still a struggle for many women who own businesses. Kirsten Curry has had three rejections in the past six months and is waiting to hear from a fourth bank. The survey conducted by researchers at Pepperdine University's Graziadio School of Business and Management and Dun& Bradstreet Corp. questioned owners of companies with up to...
NEW YORK— Small businesses' appetite for financing has weakened in the second half of the year, along with their revenue outlook. That's the finding of a survey of small companies released Wednesday by researchers at Pepperdine University's Graziadio School of Business and Management and Dun& Bradstreet Corp. An index compiled from the survey that measures...
ROME, Oct 13- Italy on Friday extended a bridge loan for airline Alitalia, which is in special administration as state commissioners seek to sell, overhaul or liquidate the carrier. Italy's cabinet said in a statement it had passed an emergency decree to add a further 300 million euros to the loan of 600 million euros it made to the ailing company in May.
ROME, Oct 13- Italy on Friday extended a bridge loan for airline Alitalia, which is in special administration as state commissioners seek to sell, overhaul or liquidate the carrier. Italy's cabinet said in a statement it had passed an emergency decree to add a further 300 million euros to the loan of 600 million euros it made to the ailing company in May.
Xu Jiayin boasts a reported $43 billion net worth, but his real estate business is the second-most indebted in China.
Oct 12- JPMorgan Chase& Co easily beat Wall Street's third-quarter profit expectations on Thursday, with loan growth and higher interest rates more than offsetting weakness in its markets-related unit. Overall, JPMorgan's profit rose 7.1 percent in the third quarter compared with the year-ago period, to $6.73 billion, or $1.76 per share.
Oct 12- JPMorgan Chase& Co, the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue. Shares dipped 0.25 percent at $96.67 in premarket trading. Net profit rose to $6.73 billion, or $1.76 per share, for the third quarter ended Sept. 30, from...
Oct 12- JPMorgan Chase& Co, the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue. Net profit rose to $6.73 billion, or $1.76 per share, for the third quarter ended Sept. 30, from $6.29 billion, or $1.58 per share, a year earlier.
Oct 11- Ratings firm Moody's on Wednesday downgraded Puerto Rico's general obligation bonds to Ca from Caa3, citing extensive damages from Hurricane Maria in the U.S. territory. Senior bonds issued by the Puerto Rico Sales Tax Financing Corp and the Puerto Rico Aqueduct and Sewer Authority were also downgraded to Ca from Caa3. Moody's said the lower ratings are...
WASHINGTON, Oct 10- The AFL-CIO, a federation of labor unions, on Tuesday called on the U.S. Securities and Exchange Commission to investigate a few large trades in the stock of student loan servicer Navient Corp that occurred just before a government announcement favorable to the company was made public. In the letter sent to the SEC on Tuesday, a copy of which was...
WASHINGTON, Oct 10- The AFL-CIO, a federation of labor unions, on Tuesday called on the U.S. Securities and Exchange Commission to investigate a few large trades in the stock of student loan servicer Navient Corp that occurred just before a government announcement favorable to the company was made public. In the letter sent to the SEC on Tuesday, a copy of which was...
NEW YORK, Oct 10- The U.S. Small Business Administration said on Tuesday it had approved just 13 disaster loans for homes in Puerto Rico affected by Hurricane Maria, nearly three weeks after the storm devastated the U.S. territory and its power grid. "Infrastructure issues in Puerto Rico contributed to the slow submission of disaster loan applications," SBA...
Oct 9- Petra Diamonds Ltd said on Monday it was likely to breach a key condition of its banking agreements due to labour disruption at is South African operations and uncertainty around sales volumes in Tanzania. Petra has been hit by labour disputes at three of its units in South Africa and tighter regulations by the Tanzanian government around exports out of...
WASHINGTON, Oct 5- Revenues for the $6 billion payday loan industry will shrivel under a new U.S. rule restricting lenders' ability to profit from high-interest, short-term loans, and much of the business could move to small banks, according to the country's consumer financial watchdog. The Consumer Financial Protection Bureau released a regulation on...
WASHINGTON, Oct 5- Revenues for the $6 billion payday loan industry will shrivel under a new U.S. rule restricting lenders' ability to profit from high-interest, short-term loans, and much of the business could move to small banks, according to the country's consumer financial watchdog. The Consumer Financial Protection Bureau released a regulation on...
FRANKFURT/ LONDON, Oct 5- Private equity firms looking to bid for Akzo Nobel's Specialty Chemicals business, which could be valued at up to 9 billion euros, will be offered debt financing of up to 6 billion euros, people close to the situation said. All the prospective bidders declined to comment while Akzo Nobel spokesman Leslie McGibbon said that the "dual track...
MUMBAI, Oct 3- India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds. Adani's planned project in north-east Australia has been delayed for years as opposition from...
MUMBAI, Oct 3- India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds. Adani's planned project in the remote Galilee basin in north-east Australia has been delayed for years...
Christopher Bush, 51, who was managing director of Tesco UK, Carl Rogberg, 50, who was UK finance director, and John Scouler, 49, who was UK food commercial director, all deny charges of fraud and false accounting. On the third day of the trial, lead prosecutor Sasha Wass told the jury that Richard Parsons, a finance project manager, and Nadiri Aysen, an accountant, both...
