Colombian airline Viva Air weighs local restructuring process
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 …
restructuring,
Peltz ends Disney proxy fight as Iger launches restructuring
(Reuters) – Activist investor Nelson Peltz called off his bid for a seat on the board of Walt Disney Co on Thursday after Chief Executive …
Nissan board also approved planned restructuring deal with Renault – source
PARIS (Reuters) – The board of Nissan has also voted in favour of reshaping its alliance with French carmaker Renault, a source said on Monday. …
China must join Ghana debt restructuring effort soon, Germany’s Lindner says
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 …
Turkey expects to collect $5.32 billion in debt restructuring before elections
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 …
Sri Lanka hopeful of completing debt restructuring in six months, says cenbank chief
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 …
Turkey preps draft law for debt restructuring before elections -Erdogan
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 …
Logistics startup Flexport cutting 20% of staff in restructuring
By Lisa Baertlein LOS ANGELES (Reuters) – Logistics startup Flexport on Wednesday said it would cut about 20% of its global workforce as its new …
World Bank releases $100 million for Zambia amid delays in debt restructuring
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, …
Warner Bros TV channel executives leave amid restructuring – Deadline
(Reuters) – Two of Warner Bros. Discovery executives leading TV channels left the company as part of ongoing restructuring at the media giant, Hollywood and …
Explainer-Who holds Ghana’s debt and what restructuring is planned?
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 …
France has definitively dropped EDF’s “Hercules” restructuring plan – Le Maire
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 …
Capital A to combine AirAsia and AirAsia X as part of restructuring plan
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 …
Crypto lender Genesis hires restructuring adviser – New York Times
(Reuters) – Troubled cryptocurrency lender Genesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy, the New York …
Malawi begins debt restructuring talks with commercial creditors: IMF
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. …
Sri Lanka postpones debt restructuring talks, hopes for IMF deal in Dec
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow …
Exclusive-Evergrande eyes onshore assets as sweetener for offshore debt restructuring -sources
By Clare Jim HONG KONG (Reuters) – Property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore creditor approval for …
Airline SAS defers interest payment amid restructuring
OSLO (Reuters) – Scandinavian airline SAS said on Thursday it will defer interest payments due later this month on its perpetual capital securities as part …
IMF fiscal chief underscores need for ‘orderly debt restructuring’
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 …
IMF chief Georgieva aims to complete Zambia, Chad debt restructuring by year-end
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Monday said she hoped debt restructuring efforts for Zambia and Chad …
Shimao hires firms to conduct independent probes amid restructuring push
(Reuters) – Shimao Group said on Monday it appointed two firms to conduct independent investigations into issues raised by its previous auditor and its internal …
Robinhood to close five offices as part of restructuring program
(Reuters) – Robinhood Markets Inc said on Friday it was closing five more offices, as part of a broader program aimed at changing its organizational …
Pakistan’s bonds slump on report UN DP to recommend debt restructuring
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 …
Sri Lanka to unveil debt restructuring plan to creditors
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring billions …
Analysis-China debt restructuring policy under scrutiny as more countries demand relief
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 …
Mexican leasing firm Unifin to miss debt payments, seek restructuring deal
By Kylie Madry and Noe Torres MEXICO CITY – Mexican leasing firm Unifin will miss principal and interest payments on its debt because of limited …
Explainer-What’s next for China Evergrande after a restructuring proposal?
By Clare Jim HONG KONG – China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener …
Restructuring whiz Koerner lands in Credit Suisse CEO hot seat
By Oliver Hirt ZURICH – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards …
Aeromexico shareholders back Mexico stock exchange exit in bankruptcy restructuring
By Kylie Madry MEXICO CITY – Aeromexico said on Tuesday that a majority of its shareholders approved a proposal to exit the main Mexican stock …
Garuda Indonesia halves debt with restructuring, on track for profit – government
JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for …
Lufthansa sees no significant restructuring costs in 2022
FRANKFURT – German flag carrier Lufthansa said on Tuesday it sees no further significant restructuring costs this year, a relief after reorganisation efforts amid the …
Indonesia airline Garuda proposes another debt restructuring extension
JAKARTA – State-controlled carrier Garuda Indonesia has asked a Jakarta court to extend for the third time its deadline to complete its debt-restructuring process, its …
Analysis-Complex web of creditors, politics threatens Sri Lanka restructuring
By Jorgelina do Rosario LONDON – Social unrest, political uncertainty and a complex web of creditors could scupper Sri Lanka’s push for a swift overhaul …
Brazilian miner Samarco creditors reject debt restructuring proposal
SAO PAULO – Creditors of Brazilian miner Samarco Mineracao SA, a joint venture of Vale SA and BHP Billiton Ltd, on Monday rejected the debt …
Analysis – Sri Lanka bondholders brace for big losses in debt restructuring
By Jorgelina do Rosario and Karin Strohecker (Reuters) – Sri Lanka’s creditors face losing a third to half of their investment in the country’s dollar …
Italy expects to sell Monte dei Paschi after restructuring
By Giuseppe Fonte and Valentina Za ROME – Rome expects to return Monte dei Paschi di Siena into private hands only after the bailed-out lender …
Toshiba CEO resigns amid growing opposition to restructuring plans
TOKYO – Toshiba Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring …
IMF says wants G20 support to strengthen debt restructuring framework
WASHINGTON – The International Monetary Fund said on Thursday it is hoping that G20 finance leaders next week can advance proposals to strengthen a debt …