Barclays Backs New European Oil, Gas Development Company Tulip Oil
19th Jul 2010 16:46
LONDON (Dow Jones)--U.K. investment bank Barclays Capital, a subsidiary of Barlcays Bank PLC (BCS), Monday said it was backing two former senior executives at Royal Shell in a new oil and gas development company. Tulip Oil BV will focus on small, early-stage and expiring oil and gas prospects in
Read moreFiat Agrees EUR4B Loan Terms, Two Banks Still To Commit-Source
19th Jul 2010 12:48
By Carol Dean Of Dow Jones Newswires LONDON (Dow Jones)--Fiat SpA (F.MI) has agreed terms to its EUR4 billion loan financing with a group of eight banks, a prerequisite to the company's demerger plans, with two of the banks still to receive internal approval to commit to the deal, said one p
Read moreMARKET TALK: Stress Tests May Be An Anti-Climax - BarCap
19th Jul 2010 07:56
0656 GMT [Dow Jones] Results of the much anticipated bank stress tests in Europe are due Friday and Barclays Capital says the outcome may be an anti-climax, with leaks likely over the next few days. "It is also quite likely that plans for recapitalisations will start to be made public in the coming
Read moreDebenhams Refinances Debt With New GBP650M Credit Facility
19th Jul 2010 07:29
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. department store chain Debenhams PLC (DEB.LN) said Monday it has completed its debt refinancing with a new GBP650 million credit facility, which was well received by investors. Debenhams said "demand for the facility wa
Read moreFiat Wraps Up EUR4B Refinancing Ahead Of Spinoff - Report
18th Jul 2010 13:21
ROME (Dow Jones)--Fiat SpA (F.MI) has agreed with eight banks to refinance EUR4 billion in loans, a measure that paves the way for the company's planned split into separate automobile and heavy-equipment companies, Il Sole 24 Ore reports, without citing sources. The fund will partly roll over ex
Read moreADR REPORT: Shares Fall Broadly On Economic Outlook
16th Jul 2010 21:51
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York tumbled across the board on discouraging U.S. earnings reports and growing concerns about the economic outlook. The Bank of New York index of ADRs sank 3.1% to 119.61. The fina
Read moreSector movers: BP lifts oil stocks
16th Jul 2010 17:54
BP lifted the oil sector after saying that it yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to see if the leaking wellhead can finally be contained. The test started last night and will
Read moreBANKRUPTCY WEEK AHEAD:Extended Stay Seeks Bankruptcy Exit Approval
16th Jul 2010 17:12
By Marie Beaudette Of DOW JONES DAILY BANKRUPTCY REVIEW On Tuesday, hotel operator Extended Stay Inc. will ask the Manhattan bankruptcy court in New York to sign off on its Chapter 11 restructuring plan, which is based on an investment deal with Centerbridge Partners LP, Paulson & Co. and ot
Read moreInaer Aviation Prices EUR470M Bond At 98.745, To Yield 9.75%
16th Jul 2010 17:08
LONDON (Dow Jones)--Spain-based helicopter services company Inaer Aviation Group has priced its EUR470 million, 2017-dated high-yield bond through bookrunners JP Morgan Chase & Co., Barclays PLC, BNP Paribas SA, private equity firm Kohlberg Kravis Roberts & Co. and Santander, one of the banks said F
Read moreFTSE 100 movers: BP rise tempers overall decline
16th Jul 2010 15:00
Footsie remains lower despite good news from BP. BP appears to have succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to see if the leaking wellhead can finally be contained. The test started last ni
Read moreUS Judge Bars Truvo Creditors From Going After European Assets
15th Jul 2010 22:10
By Patrick Fitzgerald Of DOW JONES DAILY BANKRUPTCY REVIEW A U.S. bankruptcy judge overseeing Truvo Group's restructuring issued a preliminary injunction barring would-be dissident creditors from scuttling the European directory publisher's reorganization bid. Judge Arthur J. Gonzalez sig
Read moreForeign Banks Tap US Investor Appetite for Covered Bonds
15th Jul 2010 21:58
By Prabha Natarajan Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Bank of Nova Scotia (BNS, BNS.T) sold $2.5 billion of covered bonds Thursday, pushing issuance of that kind of mortgage security to a record high as foreign banks step up to satisfy U.S. investors starved of a supply of traditi
Read morePandit Needs Citi's Rebuilt Engine To Start Driving Profits
15th Jul 2010 20:14
By Matthias Rieker Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--On Friday, Citigroup Inc.'s (C) second-quarter results will show whether the bank is really turning a corner. Chief Executive Vikram Pandit is surely aware that Citi will have to demonstrate that the engine he reassembled fr
Read moreUK Banks Defend Lending At Treasury Summit Thursday
15th Jul 2010 19:04
By Margot Patrick, Laurence Norman and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bosses of the U.K.'s biggest banks Thursday pushed back against government claims they aren't doing their part to grow the economy by lending more to small businesses, at a meeting held between
Read moreFTSE 100 movers: Miners and financials head lower
15th Jul 2010 16:17
Footsie is heading lower as miners and financials fall back. Metals prices are recovering but ENRC, Rio Tinto, Xstrata and Kazakhmys are all lower. Barclays leads the fallers. There is also profit taking in ARM after yesterday's rise. Global information services company Experian is higher af
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