Tag Archives: debt

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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Marchionne leaves Fiat Chrysler debt free as prepares to sever ties

BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategy as chief executive on Friday with a focus on sport utility vehicles and electric and hybrid cars as his era at the wheel nears its end. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey, July 24, 2015. REUTERS/Eduardo Munoz/File ...

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Exclusive: China Inc tightens reins on debt, raises specter of slowdown

SHANGHAI/BENGALURU (Reuters) – Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy. A man stands on the Bund in front of Shanghai’s financial district of Pudong in Shanghai, China February ...

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