India starts debt-restructuring talks with Sri Lanka, vows support

A man travels in a train as the Colombo harbor is seen, amid the country’s economic crisis in Colombo, Sri Lanka, April 20, 2022. REUTERS/Dinuka Liyanawatte Register now for FREE unlimited access to Reuters.com Register COLOMBO, Sept 20 (Reuters) – India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt … Read more

BlackRock, bondholders must cancel Zambia debt, economists and experts say

The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, March 30, 2017. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register JOHANNESBURG, Sept 16 (Reuters) – Over 100 economists and development experts on Friday called … Read more

Documentary on activist photographer wins rare top film prize at Venice

Register now for FREE unlimited access to Reuters.com Register VENICE, Sept 10 (Reuters) – “All the Beauty and the Bloodshed”, a documentary about US photographer Nan Goldin and her fight against the wealthy Sackler family, won the top Golden Lion award at the Venice Film Festival on Saturday. Made by investigative journalist Laura Poitras, the … Read more

Scandinavian airline SAS gets US court approval for $700 million financing

SAS airplanes are parked at the Oslo Airport Gardermoen, as Scandinavian airlines (SAS) pilots go on strike, Norway July 4, 2022. Beate Oma Dahle/NTB via REUTERS Register now for FREE unlimited access to Reuters.com Register Sept 9 (Reuters) – Bankrupt Scandinavian airline SAS AB (SAS.ST) on Friday said it has received US court approval for … Read more

UK’s Cineworld gets nod to access about $785 million financial aid, shares jump

People walk past a Cineworld in Leicester Square, amid the coronavirus disease (COVID-19) outbreak in London, Britain, October 4, 2020. REUTERS/Henry Nicholls/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 9 (Reuters) – Movie chain operator Cineworld Plc (CINE.L) said on Friday a US bankruptcy court had granted it access to up … Read more

Japan to coordinate with Sri Lanka creditors to resolve debt crisis

Japanese Finance Minister Shunichi Suzuki attends the G20 Finance Ministers Meeting in Nusa Dua, Bali, Indonesia July 16, 2022. Sonny Tumbelaka/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register Sri Lanka faces worst debt crisis since independence Japan “concerned” about Sri Lanka’s situation Japan seeks to organize all creditors’ talks TOKYO, Aug … Read more

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

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