BOGOTA (Reuters) – Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with…
(Reuters) – Activist investor Nelson Peltz called off his bid for a seat on the board of Walt Disney Co on Thursday after Chief Executive Bob Iger revealed a plan…
PARIS (Reuters) – The board of Nissan has also voted in favour of reshaping its alliance with French carmaker Renault, a source said on Monday. The agreement, which will retool…
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent…
ANKARA (Reuters) – Turkey’s government is expecting some 100 billion lira ($5.32 billion) in payment as part of a restructuring of public debt worth 1 trillion lira under a draft…
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s…
ISTANBUL (Reuters) – Turkey’s ruling AK Party is preparing a draft law to let people and companies restructure debt to public institutions, President Tayyip Erdogan said on Monday, one of…
By Lisa Baertlein LOS ANGELES (Reuters) – Logistics startup Flexport on Wednesday said it would cut about 20% of its global workforce as its new chief executive refocuses the business…
LUSAKA (Reuters) -The World Bank is releasing $100 million for Zambia amid substantial delays in its debt restructuring efforts as its creditors drag their feet, it said on Wednesday. The…
(Reuters) – Two of Warner Bros. Discovery executives leading TV channels left the company as part of ongoing restructuring at the media giant, Hollywood and media news outlet Deadline reported…
By Rachel Savage and Marc Jones JOHANNESBURG/LONDON (Reuters) – Ghana has begun restructuring its debt by rolling out a plan to swap $10.5 billion in local bonds with new ones,…
PARIS (Reuters) -France has definitively shelved plans for a restructuring of the state-controlled nuclear power group EDF, code-named Hercules, French Finance Minister Bruno Le Maire said on Friday. “Hercules has…
By Jamie Freed (Reuters) – Malaysia’s Capital A will combine its AirAsia budget airline business with long-haul offshoot AirAsia X as part of a corporate restructuring designed to shed its…
(Reuters) – Troubled cryptocurrency lender Genesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy, the New York Times reported on Tuesday citing…
JOHANNESBURG (Reuters) -Malawian authorities have started debt restructuring negotiations with commercial creditors and a ‘credible process’ is underway, the International Monetary Fund said on Tuesday. Malawi’s move to an upper…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow central bank and treasury officials…
By Clare Jim HONG KONG (Reuters) – Property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore creditor approval for a long-awaited debt-restructuring proposal, two…
OSLO (Reuters) – Scandinavian airline SAS said on Thursday it will defer interest payments due later this month on its perpetual capital securities as part of the carrier’s restructuring and…
By Andrea Shalal WASHINGTON (Reuters) – Rising debt levels and mounting fiscal pressures underscore the urgency for more “orderly debt restructuring” efforts to put low-income countries on a more sustainable…
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Monday said she hoped debt restructuring efforts for Zambia and Chad could be completed by the…
(Reuters) – Shimao Group said on Monday it appointed two firms to conduct independent investigations into issues raised by its previous auditor and its internal control systems, as the developer…
(Reuters) – Robinhood Markets Inc said on Friday it was closing five more offices, as part of a broader program aimed at changing its organizational structure announced in August. No…
LONDON (Reuters) – Pakistan’s bonds slumped on Friday, leaving many at half of their face value after a Financial Times report that the United Nations Development Programme was set to…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring billions of dollars of its debt…
By Rachel Savage, Martin Quin Pollard and Yew Lun Tian LONDON/BEIJING (Reuters) – In August, China’s ambassador to Zambia took to the stage at a new conference centre in the…