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July 1, 2022

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Sri Lanka makes progress towards IMF support – IMF

Reuters
COLOMBO, June 30 (Reuters) – The International Monetary Fund said its talks with crisis-hit Sri Lanka had been “constructive” on Thursday, raising hopes it would soon grant preliminary approval for a desperately needed financial support package. Sri Lanka has had to shut schools and stop providing fuel to all but......

Clearlake Capital explores sale of Team Technologies for more than $1 bln – sources

Reuters
NEW YORK, June 29 (Reuters) – Private equity firm Clearlake Capital Group is exploring a sale of medical products manufacturer Team Technologies Inc for more than $1 billion, including debt, according to people familiar with the matter. Clearlake Capital is working with an investment bank on a sale process for......

Court ratifies Garuda Indonesia’s $9 bln debt restructuring deal

Reuters
A worker walks on a crane as a Garuda Indonesia’s aircraft is parked at the Garuda Maintenance Facility (GMF) AeroAsia, at Soekarno-Hatta International airport near Jakarta, Indonesia, January 21, 2022. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register JAKARTA, June 27 (Reuters) – A court overseeing airline......

Column: Quadruple real rates? Ageing may turn to market headwind :Mike Dolan

Reuters
People queue for food in the financial district of Canary Wharf in London, Britain, May 18, 2022. REUTERS/Kevin Coombs Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) – If you were hoping this was all a bad dream, take a deep breath. Many investors craving......

Italy’s Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

Reuters
People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi Register now for FREE unlimited access to Reuters.com Register Targets 3,800 voluntary staff exits in November Secures pre-underwriting accord with group of banks To lower costs, replenish capital with cash call......

Leonardo’s DRS to land on Nasdaq with RADA takeover

Reuters
Leonardo logo and stock graph seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register MILAN, June 21 (Reuters) – Leonardo’s (LDOF.MI) U.S. electronics business DRS (2VZ.F) has agreed an all-stock takeover of Israel’s RADA Electronic Industries , the Italian......

Cosmetics company Revlon files for bankruptcy protection

Reuters
A Public Safety officer keeps watch as people stand in front of a billboard owned by Revlon that takes their pictures and displays them in Times Square in the Manhattan borough of New York October 13, 2015. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register June 16......

Analysis: For central bankers, tighter financial conditions may be an ally

Reuters
Pedestrians and a traffic light stop sign are reflected on a quotation board in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 15 (Reuters) – Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given......

Shareholder LGIM says has ‘strong reservations’ about Capricorn, Tullow merger

Reuters
Workers are seen at an oil exploration site in Bulisa district approximately 244km (152 miles) North-West of Kampala January 20, 2012. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register LONDON, June 13 (Reuters) – Legal & General Investment Management, a significant shareholder in Capricorn Energy (CNE.L) and Tullow......

U.S. bars investors from buying Russian debt, stocks on secondary market

Reuters
WASHINGTON/LONDON, June 7 (Reuters) – The U.S. Treasury Department has banned U.S. money managers from buying any Russian debt or stocks in secondary markets on top of its existing ban on new-issue purchases, in its latest sanctions on Moscow over its invasion of Ukraine. Despite Washington’s sweeping sanctions in recent......

JetBlue sweetens offer in buyout race for Spirit Airlines

Reuters
WASHINGTON/NEW YORK June 6 (Reuters) – JetBlue Airways Corp (JBLU.O) on Monday improved its offer for smaller rival Spirit Airlines Inc (SAVE.N) in an attempt to outstrip competition in the race to buy the low-cost carrier. Shares of Spirit rose 1.6% in early trading. Under JetBlue’s revised terms, Spirit shareholders......

U.S. mulls lifting some China tariffs to fight inflation

Reuters
WASHINGTON, June 5 (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation. “We are......

Yellen denies report that she pushed for a smaller COVID-19 relief package

Reuters
U.S. Treasury Secretary Janet Yellen looks on during a U.S. House Committee on Financial Services hearing on the Annual Report of the Financial Stability Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register......

Chemical maker TCP Group files pre-arranged bankruptcy

Reuters
A process tower flies through the air after exploding at the TPC Group Petrochemical Plant, after an earlier massive explosion sparked a blaze at the plant in Port Neches, Texas, U.S., November 27, 2019. REUTERS/Erwin Seba/File Photo Register now for FREE unlimited access to Reuters.com Register HOUSTON, June 1 (Reuters)......

RedBird swoops on AC Milan in $1.3 billion deal

Reuters
MILAN, June 1 (Reuters) – U.S. investment firm RedBird Capital Partners has agreed a 1.2 billion euro ($1.3 billion) deal to buy Italian soccer champions AC Milan and is aiming to challenge the elite of the European game again. Under the terms of the deal, current owners Elliott, the U.S.......

China announces detailed stimulus policies to support virus-hit economy

Reuters
An employee works on the production line of RiotPWR mobile gaming controllers for U.S. company T2M, at a factory in Dongguan, Guangdong province, China December 7, 2021. REUTERS/David Kirton Register now for FREE unlimited access to Reuters.com Register BEIJING, May 31 (Reuters) – China’s cabinet announced a package of 33......

Russia eyes gas-for-roubles template for foreign Eurobond payments

Reuters
Investors would open Russian FX and rouble accounts One investor doubts that scheme would avert default event May 30 (Reuters) – Russia is considering settling pressing Eurobond obligations by applying the mechanism being used to process payments for its gas in roubles, the Kremlin and the finance minister said, as......

EXCLUSIVE Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring -sources

Reuters
The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register COLOMBO/LONDON, May 23 (Reuters) – Sri Lanka has hired heavyweight......

Russia makes early debt payment dash to dodge default

Reuters
The skyscrapers of the Moscow International Business Centre, also known as “Moskva-City”, are seen just after sunset in Moscow, Russia July 12, 2018. Picture taken July 12, 2018. REUTERS/Christian Hartmann Register now for FREE unlimited access to Reuters.com Register Moscow was due to pay $100 mln on two Eurobonds on......

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