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Credit Corporate Debt

  • President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company on Friday in an effort to halt financing that the White House said fuels President Nicolas Maduro's "dictatorship." Maduro, who has frequently blamed the United States for waging an "economic war" on Venezuela, said the...

  • WASHINGTON/ CARACAS, Aug 25- U.S. President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company in an effort to halt financing that fuels President Nicolas Maduro's "dictatorship," the White House said on Friday. "We will be making some very important announcements to respond with...

  • President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company in an effort to halt financing that fuels President Nicolas Maduro's "dictatorship," the White House said on Friday. That could push the cash-strapped company closer to a possible default, or bolster its reliance on key...

  • MOSCOW, Aug 23- Russia's largest lender Sberbank has completed building up provisions for a loan it gave to Croatia's indebted food and retail company Agrokor, the bank's press office said on Wednesday. Sberbank's exposure to Agrokor amounts to about 1.1 billion euros. To lift part of the burden from the struggling Croatian food group, Sberbank last month...

  • Aug 21- Australia's Westpac Banking Corp said on Monday its stressed assets edged slightly lower during the third quarter, despite a rise in mortgage delinquencies. In a limited third-quarter update, Australia's second-biggest bank by market value said stressed assets slipped four basis points to 1.10 percent of total lending, although repossessions...

  • Aug 21- Australia's Westpac Banking Corp said on Monday its stressed assets edged lower during the third quarter helped by a fall in impaired assets. In a limited third-quarter update, Australia's second-biggest bank by market value said stressed assets slipped four basis points to 1.10 percent although Australian mortgage defaults nudged two basis...

  • *China's top five lenders to start reporting earnings next week. BEIJING/ SHANGHAI, Aug 18- Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the specter of corporate defaults as financing costs climb further in the world's No.2 economy. Beijing's crackdown on...

  • *China's top five lenders to start reporting earnings next week. *ICBC, CCB, BoC to report H1 results on Aug 30, Agbank on Aug 29. BEIJING/ SHANGHAI, Aug 18- Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the spectre of corporate defaults as financing costs climb further in...

  • SAN FRANCISCO, Aug 17- Silicon Valley technology company ThoughtSpot has completed a $120 million funding round to fuel the start-up's new artificial intelligence endeavor. ThoughtSpot, based in Palo Alto, California, said on Thursday it had raised $60 million from investors in a financing round led by venture capital firm Lightspeed Venture Partners.

  • BEIJING, Aug 16- Chinese electric-car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has raised $200 million from investors including China's Suning and Fullshare Holdings in its latest round of financing. Future Mobility, which plans to launch three vehicles by 2022, has a premium midsize crossover SUV ready to go into...

  • Shoppers exit a Whole Foods Market location in Naperville, Ill.

    Amazon.com announced Tuesday a private debt offering to fund its acquisition of Whole Foods Market.

  • BERLIN, Aug 15- Air Berlin, Germany's second largest airline, filed for bankruptcy protection on Tuesday following years of losses and after key shareholder Etihad Airways withdrew funding, with bigger rival Lufthansa saying it is in talks to take over parts of the business. But Berlin said it has granted a bridging loan of 150 million euros which will allow Air...

  • FRANKFURT, Aug 11- SoundCloud, the world's most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running out of cash this year. The company, which laid off 40 percent of its staff in July, said in a blog post that the financing was raised from...

  • The company, which laid off 40 percent of its staff in July, said in a blog post that the financing was raised from media-focused investment bank Raine Group of New York and Singapore's sovereign wealth fund Temasek. The company said that as part of the new investment, digital media veterans Kerry Trainor and Michael Weissman, respectively the former chief...

  • FRANKFURT, Aug 11- SoundCloud has received a "substantial" new round of investment, the company said on Friday, insulating the popular online music streaming service from potentially running out of cash later this year, after laying off 40 percent of its staff in July. The company said in a blog post that the new financing round was raised from media-focused...

  • Caracas/ Houston, Aug 11- Venezuelas unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive and offering prized state-owned oil assets in return, sources familiar with the negotiations told Reuters. Venezuela's state-owned oil firm, Petroleos de Venezuela, has been secretly negotiating since at...

  • SYDNEY, Aug 11- Australia's corporate regulator said on Friday it was conducting an investigation into Commonwealth Bank of Australia after the financial intelligence agency sued the bank for alleged breaches of money-laundering and terror financing laws. Australian Securities and Investment Commission Chairman Greg Medcraft told a parliamentary...

  • SAO PAULO, Aug 10- Banco do Brasil SA's loan book and interest income should shrink this year, executives said on Thursday, as a spike in second-quarter corporate defaults slowed the recovery of the nation's No. 1 state-controlled lender. The dialing-down of forecasts underscores how state lenders are struggling more than their private-sector rivals to cope...

  • SAO PAULO, Aug 10- Banco do Brasil SA's loan book and interest income are expected to shrink this year, magnifying the woes of the country's largest state-controlled lender as corporate defaults unexpectedly spiked in the second quarter. The dialing-down of forecasts underscores how state lenders are struggling more than their private-sector rivals amid...

  • WASHINGTON, Aug 9- A group of U.S. senators from both parties on Wednesday turned up the heat on Wells Fargo Inc. over its latest scandal, in which hundreds of thousands of car-loan borrowers were charged each month without their knowledge for collision insurance, which many of them did not need. The Republican chairs of the committee and the subcommittee that...