SAS bridge financing keeps survival hopes airborne, shares climb

SAS Link’s Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, Aug 15 (Reuters) – Scandinavian airline SAS (SAS.ST) kept its bid for survival aloft at the … Read more

SAS secures $700 million financing to aid restructuring

Aug 13 (Reuters) – Scandinavian airline SAS (SAS.ST) said on Saturday it entered into an agreement with Apollo Global Management (APO.N) to raise $700 million of fresh financing it needs to see it through bankruptcy. The airline filed for bankruptcy protection in the United States in early July to help cut debt after the collapse … Read more

Mexican Unifin’s debt restructuring is negative for other financial companies, Moody’s says

Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Aug 12 (Reuters) – Mexican leasing firm Unifin’s debt restructuring is credit negative and could reflect tight refinancing conditions for Mexican financial institutions, Moody’s rating agency … Read more

Jittery markets see bond funds enjoy largest weekly inflows since Nov 2021

Photo for illustration. A man is silhouetted in an electronic board showing the FTSE MIB Index for the Italian equity market in this photo illustration taken in Rome August 9, 2011. REUTERS/Tony Gentile./File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 5 (Reuters) – Bond funds recorded their largest weekly inflow … Read more

Global Payments to acquire EVO in $4 billion deal to boost B2B segment

REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Global Payments Inc (GPN.N) said on Monday it would buy smaller peer EVO Payments Inc (EVOP.O) for nearly $4 billion including debt, as the fintech firm seeks to expand its footprint in the business- to-business (B2B) space. Companies such as … Read more

Analysis: World’s biggest bond markets back in vogue as recession fears mount

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, July 29 (Reuters) – One day you’re out and the next day you’re in: the world’s … Read more

Zambia debt relief pledge clears way for $1.4 billion program, says IMF

JAKARTA/LONDON, July 30 (Reuters) – Zambia’s creditors pledged to negotiate a restructuring of the country’s debts on Saturday, a move IMF managing director Kristalina Georgieva welcomed as “clearing the way” for a $1.4 billion Fund program. The creditor committee, co-chaired by China and France, said in a statement released by G20 chair Indonesia that it … Read more

UK financial watchdog fines three former Carillion executives

Financial Conduct Authority’s (FCA) logo is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, July 28 (Reuters) – Britain’s financial watchdog said on Thursday it has fined three former executives of Carillion for “recklessly” publishing misleading financial statements before the … Read more

Factbox: The crypto crash hit these companies the hardest

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap … Read more

As borrowing costs rise, Canadian companies look to delay expansion plans

The moon rises behind the skyline and financial district in Toronto, November 25, 2015. REUTERS / Mark Blinch / File Photo Register now for FREE unlimited access to Reuters.com Register TORONTO, July 19 (Reuters) – Some Canadian businesses are reconsidering their expansion plans after the central bank’s surprise full percentage point interest rate hike last … Read more