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 …
restructuring,
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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(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 …
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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, …
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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 …
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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 …
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(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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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(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 …
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(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 …
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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 …
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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 …
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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 …
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By Kylie Madry and Noe Torres MEXICO CITY – Mexican leasing firm Unifin will miss principal and interest payments on its debt because of limited sources of financing, the company …
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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 for restructuring offshore debt, the …