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Credit Corporate Debt

  • BURLINGTON, Vt.— The Vermont Community Loan Fund has received a $2 million investment from Bank of American Merrill Lynch. Phil Scott announced the investment Thursday at Burlington- based business Mamava, which manufactures privacy pods for breastfeeding mothers. Founder and CEO Sascha Mayer said financing from the fund helped her grow into a business with...

  • Disney in December offered to buy the film, television and international businesses from Fox for $52.4 billion in stock to beef up its offering against streaming rivals Netflix Inc and Amazon.com Inc.. Comcast is in talks with investment banks to increase a bridge financing facility by as much as $60 billion so it can make an offer for Fox's media assets, three...

  • KUWAIT PETROLEUM BUSINESS FINALISING $2.6 BILLION LOAN FOR LNG IMPORT TERMINAL- SOURCES.

  • DUBAI, May 23- A Kuwait Petroleum Corporation- owned firm plans to borrow up to $2.6 billion from banks and export credit agencies to build a liquefied natural gas import terminal, banking sources said. Kuwait Integrated Petroleum Industries Company will use the money raised to develop the terminal at Kuwait's Al Zour complex, which also has a refinery and a...

  • SYDNEY, May 22- Australia's Westpac Banking Corp repeatedly phoned and texted the owner of a failed pie shop to demand repayment of a loan, the shop owner said on Tuesday, as a financial inquiry focused on abuses in small business lending. The testimony by former Pie Face kiosk owner Marion Messih was the second time this week Westpac faced criticism at the inquiry...

  • May 22- U.S. luxury homebuilder Toll Brothers Inc reported on Tuesday a 17.3 percent rise in quarterly revenue, boosted by strong demand for its homes despite rising home-loan rates. The company's net income rose to $111.8 million, or 72 cents per share, in the second quarter ended April 30, from $124.6 million, or 73 cents per share, a year earlier.

  • LONDON— A court has dismissed charges against Barclays relating to its emergency fundraising from Qatar at the height of the financial crisis. The Serious Fraud Office had accused Barclays over a 2008 deal to give to Qatar Holding LLC a $3 billion loan that was then used to invest in the bank, saving it from a government bailout. Prosecutors had also accused...

  • *Bank faced fraud charges over 2008 Qatar deal. LONDON, May 21- A British court has dismissed charges brought by the Serious Fraud Office against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations. Barclays denied the SFO's allegation that a $3 billion loan it made to...

  • Student loan assistance, which started as a niche offering by a handful of companies, is sneaking its way into the mainstream menu of workplace benefits.

  • *Local debt a key risk to China's financial system. BEIJING, May 18- A firm controlled by a city government in China's Inner Mongolia region has failed to make interest and principal payments on nearly 4 billion yuan in off-balance sheet loans, two sources with direct knowledge of the matter said. The rare loan default highlights growing funding strains on...

  • BEIJING, May 18- A firm controlled by a city government in China's Inner Mongolia region has failed to make interest and principal payments on nearly 4 billion yuan in off-balance sheet loans, two sources with direct knowledge of the matter said. Highlighting the potential risks to the world's second-largest economy, regional governments account for around...

  • BEIJING, May 18- A firm controlled by a city government in China's Inner Mongolia region has failed to make interest and principal payments on nearly 4 billion yuan in off-balance sheet loans, two sources with direct knowledge of the matter said. Xilinhot Geipaishui Co, a local government financing vehicle controlled by the government of Xilinhot city, has...

  • CHINA LOCAL GOVERNMENT FIRM IN INNER MONGOLIA FAILS TO PAY INTEREST, PRINCIPAL ON ALMOST 4 BLN YUAN IN LOANS FOR OVER A MONTH- SOURCES.

  • MANCHESTER, N.H.— Bhutan native Tika Acharya came to the U.S. nine years ago with his parents and his wife after spending 17 years in a Nepal refugee camp. Acharya, who launched an independent insurance agency last year in Manchester, was the first participant to be helped by the Regional Economic Development Center, a New Hampshire nonprofit that helps...

  • May 17- U.S. weapons manufacturer Remington Outdoor Co Inc said on Thursday it had emerged from Chapter 11 bankruptcy with less debt and more stable financing that may help it ride out a slowing market for firearms. Under the reorganization plan, inked two days before the Feb. 14 Parkland shooting, creditors including JPMorgan Chase& Co and Franklin Advisors will...

  • People are working multiple jobs less to pursue a passion and more to pay down their debt or make sure they're able to retire.

  • Want to be prepared to send your child to college in 2036? First, know how much it'll cost, then take these steps.

  • JOHANNESBURG, May 17- Aspen Pharmacare, Africa's biggest generic drugmaker, said on Thursday it had secured a 3.4 billion euro credit facility for refinancing debt at three of its subsidiaries. Aspen, which has operations in 50 countries, said the facilities were 70 percent oversubscribed and would be used for Aspen Finance, Pharmacare Limited t/a Aspen...

  • Misr's debt facility follows a $600 million loan being syndicated among banks for National Bank of Egypt, the countrys largest lender. Other deals in the Egyptian bank market include a loan of up to around $700 million for Egyptian Electricity Holding Company and three loans recently raised by Telecom Egypt with a combined value of around $900 million.

  • The company has given Ottawa a deadline of May 31 to provide assurances it can go ahead with a plan to more than double the capacity of its Trans Mountain line from Alberta to British Columbia on the west coast. Morneau declined to say what aid Ottawa could provide or how much. Sources have previously said Ottawa is examining options such as loan guarantees, a...