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Credit Corporate Debt

  • 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...

  • DETROIT, Oct 2- Detroit automaker General Motors Co outlined plans on Monday to add 20 new battery electric and fuel cell vehicles to its global lineup by 2023, financed by robust profits from sales of gasoline-fueled trucks and sport utility vehicles in the United States and China. "General Motors believes in an all-electric future," GM global product...

  • DETROIT, Oct 2- Detroit automaker General Motors Co outlined plans on Monday to add 20 new battery electric and fuel cell vehicles to its global product lineup by 2023, financed by robust profits from sales of gasoline-fueled trucks and sport utility vehicles in the United States and China. "General Motors believes in an all-electric future," GM global product...

  • DETROIT, Oct 2- Detroit automaker General Motors Co outlined plans on Monday to add 20 new battery electric and fuel cell vehicles to its global product lineup by 2023, financed by robust profits from sales of gasoline-fueled trucks and sport utility vehicles in the United States and China. "General Motors believes in an all-electric future," GM global product...

  • DETROIT, Oct 2- Detroit automaker General Motors Co outlined plans on Monday to add 20 new battery electric and fuel cell vehicles to its global product lineup by 2023, financed by robust profits from sales of gasoline-fueled trucks and sport utility vehicles in the United States and China. "General Motors believes in an all-electric future," GM global product...

  • DETROIT, Oct 2- Detroit automaker General Motors Co outlined plans on Monday to add 20 new battery electric and fuel cell vehicles to its global product lineup by 2023, financed by robust profits from sales of gasoline-fueled trucks and sport utility vehicles in the United States and China. "General Motors believes in an all-electric future," GM global product...

  • WASHINGTON, Sept 29- The U.S. Department of Energy said on Friday it has offered an additional loan guarantee of up to $3.7 billion to companies building two nuclear reactors at the Vogtle plant in the state of Georgia. The conditional loan guarantees were in the amounts of $1.67 billion to Georgia Power Company, a subsidiary of Southern Co, $1.6 billion to...

  • Sept 29- U.S. lenders are concerned their consumer loan and credit card businesses could be stymied if large numbers of people lock or freeze their credit reports to protect themselves in the wake of the Equifax Inc hack. The banks want people to buy things on credit without a second thought, "said Chris Hoofnagle, a law professor at the University of California,...

  • BEIJING, Sept 27- Profits at China's industrial companies rose the most in four years in August as commodities prices surged, thanks to a government-backed construction boom that is helping Beijing trim high levels of corporate debt without tripping up the economy. Profits in August jumped 24 percent year-on-year to 672 billion yuan, the National Bureau of...

  • BEIJING, Sept 27- Profits at China's industrial companies rose the most in four years in August as commodities prices surged, thanks to a government-backed construction boom that is helping Beijing trim high levels of corporate debt without tripping up the economy. Profits in August jumped 24 percent year-on-year to 672 billion yuan, the National Bureau of...

  • BEIJING, Sept 27- Profits at China's industrial companies rose the most in four years in August as commodities prices surged, thanks to a government-backed construction boom that is helping Beijing trim high levels of corporate debt without tripping up the economy. Profits in August jumped 24 percent year-on-year to 672 billion yuan, the National Bureau of...

  • MONTREAL, Sept 26- Bombardier Inc on Tuesday called a 220 percent preliminary anti-subsidy duty slapped by the U.S. Commerce Department on its CSeries jets "absurd and divorced from the reality about the financing of multibillion-dollar aircraft programs."

  • BERLIN, Sept 25- Insolvent German airline Air Berlin said there were good prospects of repaying a government loan and for 80 percent of its staff to secure jobs if bids for parts of its business from Lufthansa and easyJet go ahead. Germany's second largest airline said on Monday that Lufthansa's bid was for units including leisure airline Niki and regional...

  • MUMBAI, Sept 22- India's central bank on Friday eased rules governing foreign investment in corporate bonds by excluding rupee-denominated securities from its overall debt limit. Access to the corporate bonds by foreign investors will be phased in over the next two quarters-- 270 billion rupees during October-December and 170 billion rupees in...

  • *PNG to extinguish $1 bln loan with sale of Oil Search stake. MELBOURNE/ SYDNEY, Sept 21- The cash-strapped government of Papua New Guinea, looking to pay off nearly $1 billion in debt, is selling its stake in Oil Search Ltd, three people familiar with the transaction said on Thursday. UBS and JP Morgan will sell 31.3 million shares of Oil Search owned by the PNG...