×

Credit Corporate Debt

  • SAO PAULO/ BRASILIA, April 3- Brazil's banks are prepared to cope with a potential rise in corporate loans in or at risk of default, the central bank said on Monday, a sign efforts by lenders to refinance looming debt maturities are slowly easing the country's worst credit crunch in two decades. Brazil's harshest recession on record has prompted banks to...

  • BRASILIA, April 3- Corporate loans in or at risk of default in Brazil will rise marginally in coming months, a situation that represents no risk for the stability of the nation's banking system, a central bank director said on Monday.

  • SAO PAULO/ BRASILIA, April 3- Brazil's banks remain prepared to cope with a potential rise in corporate loans in or at risk of default, the central bank said on Monday, a sign efforts by lenders to refinance looming debt maturities are slowly easing the country's worst credit crunch in two decades. Brazil's harshest recession on record has prompted banks to...

  • BEIJING, March 31- Improving asset quality and rising loan demand could see some of China's biggest listed banks bolster their profit growth this year, bankers signalled this week, even as interest margins remain under pressure and more bad loans are written off. "The trend is promising," Yi Huiman, Chairman of Industrial and Commercial Bank of China Ltd, the...

  • *Sale to reduce UKAR's balance sheet to 22 bln stg. LONDON, March 31- Britain has sold a portfolio of mortgages issued by failed lender Bradford& Bingley for 11.8 billion pounds to insurer Prudential and buyout firm Blackstone in one of the biggest deals of its kind. It spent more than 136.6 billion pounds rescuing some of Britain's biggest high street lenders,...

  • BEIJING, March 31- Improving asset quality and rising loan demand could see China's biggest listed banks bolster profit growth in 2017, bankers signaled this week, even as interest margins remain under pressure and bad loan write-offs continue. "The trend is promising," Yi Huiman, chairman of Industrial and Commercial Bank of China Ltd, said on Thursday, citing...

  • LONDON, March 31- Britain said on Friday it had sold a portfolio of mortgages issued by failed lender Bradford& Bingley for 11.8 billion pounds to insurer Prudential and buyout firm Blackstone. Bradford& Bingley, a mortgage provider bailed out during the financial crisis, is owned by British government vehicle UK Asset Resolution. The sale will reduce UKAR's...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. The four reactors are part of two projects known as V.C....

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • LAGOS, March 29- The Nigerian arm of South Africa's Standard Bank, Stanbic IBTC Bank, has an exposure of $24 million to Etisalat Nigeria, it said on Wednesday, adding restructuring talks were "ongoing". The Nigerian arm of Abu Dhabi- listed telecoms company Etisalat has been discussing with 13 local banks about renegotiating the terms of a $1.2 billion loan after...

  • March 29- Chinese conglomerate CEFC China said on Wednesday it would acquire an about 20 percent stake in U.S. brokerage Cowen Group Inc for about $100 million. CEFC China has also agreed to provide Cowen with $175 million in debt financing, the companies said. CEFC will pay $18 for each Cowen Class A share, representing a 29.5 percent premium to the stock's Tuesday...

  • MEXICO CITY, March 28- Mexican miner Grupo Mexico said on Tuesday it had acquired Florida East Coast Railway for $2.1 billion, a rare acquisition that comes as U.S. Grupo Mexico's transport unit financed the purchase from Fortress Investment Group with $1.75 billion in debt and $350 million in capital, the company said in a statement to the Mexican stock...

  • March 28- Tesla Inc said on Monday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the Electric carmaker for a 5 percent passive stake. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. Tencent now owns more than 8 million shares...

  • SHANGHAI/ HONG KONG, March 28- China Huishan Dairy Holdings Co Ltd, which saw $4 billion wiped off its shares in a single day last week, said on Tuesday it had missed loan repayments and lost contact with a key executive in charge of its finances and cash. Huishan has been on the backfoot since a December attack by U.S.-based short-seller Muddy Waters.

  • SHANGHAI/ HONG KONG, March 28- China Huishan Dairy Holdings Co Ltd said on Tuesday it had fallen behind with some loan repayments, was unable to contact a key finance executive and expressed concern about the strength of creditor support after its stock price plummeted. But the country's largest integrated dairy firm, which has been on the backfoot since a...

  • HONG KONG/ SHANGHAI, March 28- China Huishan Dairy Holdings Co Ltd on Tuesday said that it had fallen behind with some loan repayments but denied media reports that its chairman had misappropriated company funds or that the firm had issued forged invoices. The firm has previously come under attack from U.S.-based short-seller Muddy Waters.

  • A worry for Prime Minister Shinzo Abe is that a bankruptcy would give President Donald Trump cause to criticise Japanese firms operating in the United States. "Westinghouse is a major employer and nuclear industry company with ongoing nuclear new build projects in two different states, one of which is supported by U.S. Department of Energy loan guarantees,"...

  • A worry for Prime Minister Shinzo Abe is that a bankruptcy would give President Donald Trump cause to criticise Japanese firms operating in the United States. "Westinghouse is a major employer and nuclear industry company with ongoing nuclear new build projects in two different states, one of which is supported by U.S. Department of Energy loan guarantees,"...

  • OSLO, March 26- Norwegian bank DNB has sold its share of loans funding the Dakota Access oil pipeline, it said on Sunday, ending its involvement in a project that has faced strong opposition from Native Americans and environmental groups. DNB announced in November that it would review its participation in the financing of the Energy Transfer Partners LP project,...

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...