Tag Archives: debt

Takeda investors back $59 billion Shire deal, but wary of debt load

OSAKA (Reuters) – Takeda Pharmaceutical (4502.T) shareholders approved on Wednesday its $59 billion takeover of London-listed Shire (SHP.L), creating a global powerhouse with a stronger drugs pipeline but one that is saddled with massive debt. FILE PHOTO: The logo of Takeda Pharmaceutical Co. Japan May 9, 2018. REUTERS/Kim Kyung-Hoon Takeda will be joining the ranks of the world’s top 10 ...

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Netflix adds to growing debt pile with $2 billion bond issue

(Reuters) – Netflix Inc (NFLX.O) announced on Monday it will tap debt markets for a second time this year, aiming to raise another $2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition. The move, which the company said was aimed at funding a broad spread of activities ...

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Sears hires advisers for bankruptcy filing ahead of debt payment: WSJ

(Reuters) – Debt-laden retailer Sears Holdings Corp (SHLD.O) has hired advisers to prepare for a possible bankruptcy that could come ahead of a debt payment due next week, the Wall Street Journal reported on Tuesday, citing sources. FILE PHOTO: A Sears department store is seen in Austin, Texas, U.S., January 5, 2017. REUTERS/Mohammad Khursheed M-III Partners LLC, a boutique advisory ...

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HNA Group trims debt nearly 11 percent, or $11.6 billion, in first half

SHANGHAI (Reuters) – China’s HNA Group HNAIRC.UL reduced its debt load in the first half of 2018 as the company sold off assets acquired under a high-profile acquisition spree helmed by its former chairman, according to the company’s latest financial report. A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason ...

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Despite debt woes, Africa still sees China as best bet for financing

JOHANNESBURG/BEIJING (Reuters) – A wave of African nations looking to restructure debt with China on the eve of a major Beijing summit provides a reality check for the continent, where most countries still view Chinese lending as the best bet to develop their economies. China’s President Xi Jinping (R) and Sierra Leone’s President Julius Maada Bio (L) arrive for a ...

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Wonga: Will my debt be written off and other questions answered

Image copyright Getty Images The collapse of the UK’s best-known payday lender Wonga has implications for its customers and for the wider short-term credit sector. Although few will mourn its demise, there is little to cheer for the lender’s existing customers and, with less competition, there is a chance the borrowing costs could rise for others. Here are some of ...

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UK says Brexit could hit banks’ stock of ‘risk free’ EU debt

LONDON (Reuters) – Britain could force European Union banks operating in London to start holding capital against inventory of riskier EU government bonds in the case of a ‘no-deal’ Brexit. The Canary Wharf financial district is reflected in the river Thames on a sunny morning in London, Britain, May 8, 2018. REUTERS/Hannah McKay At part of preparations for Britain’s departure ...

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Murder arrest over Basildon debt collector death

Image copyright Essex Police Image caption Tina Cantello worked as a debt collector making door-to-door visits A body has been found in the hunt for a woman who disappeared in Basildon. Tina Cantello, a 49-year-old debt collector, was reported missing on Friday evening when she failed to return home from work. Essex Police said a body was found at a ...

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