All News articles – Page 13
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NewsFord to extend US$13.4bn loans
Ford Motor is in the market for support to extend US$13.4bn of loans by a further one year period.
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Indian banks hold out on IPO fees
India’s privatisation programme hit another snag last week after banks declined to work on the Rs10bn–Rs12bn (US$145m–$175m) IPO of Cochin Shipyard due to the low fees on offer.
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Shareholders back Banca Popolare di Vicenza IPO
Trapped between a rock and a very hard place, shareholders in Italy’s Banca Popolare di Vicenza backed the bank’s critical €1.75bn share issue at an EGM on March 5.
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Sponsors score US$391.3m from TransUnion sale
TransUnion’s stock price showed signs of indigestion in the wake of last week’s US$391.3m sell-down by sponsors Advent International and Goldman Sachs.
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Oil price relief fails to slow E&P recap wave
Renewed prospects for production cuts abroad and promises by domestic exploration and production companies of cashflow neutral operations continues to provide a positive backdrop for oil. WTI oil gained US$2.70 on the week to US$38.62, up from a low of US$26.21 a month ago, in part on short-covering and risk ...
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Manulife REIT eyes IPO relaunch
Canadian insurer Manulife Financial is preparing for a second attempt at a US$500m Singapore listing of its US commercial property trust.
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Australia: Wisetech meets IPO investors
Wisetech Global is meeting investors on its planned IPO of A$150m (US$111m) for a listing on the Australian Stock Exchange, according to a person close to the plan.
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Italy: Saipem banks bailed out by rising market
Goldman Sachs and JP Morgan choreographed a sale of unsold shares from the Saipem capital increase on behalf of 10 banks on Monday evening at €0.39, achieving a price that seemed improbable when the unsubscribed rights went unsold on February 19.
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Australia: Gateway completes equity raising
Gateway Lifestyle Group has completed an institutional placement and the institutional element of a rights issue to raise a total of A$102m (US$76m), according to a stock exchange announcement.
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NewsEurex set to launch direct clearing
Eurex Clearing is set to launch a new service allowing buyside firms to become direct members of the clearing house, with an announcement expected in the coming days.
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NewsEurope submits final swaps margin rules
Market participants have been left with less than six months to comply with rules on mandatory collateralisation of non-centrally cleared derivatives that in some areas differ substantially from earlier drafts. The final draft regulatory technical standards were unveiled by European regulators last week.
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NewsCME clears the way for swaptions
CME Group will begin clearing interest rate swaptions on April 11, making it the first clearinghouse to offer the service for a product that some believe may be too complex for central counterparties to risk manage.
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NewsEarly warning for fallen angels: Moody’s
Several EMEA fallen angels have been flagged as showing early warning signs of potential defaults, according to research from Moody’s.
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NewsiHeartMedia hires Moelis to tackle debt burden
iHeartMedia has hired Moelis & Co as a financial adviser, the most significant step yet by the largest owner of US radio stations to deal with its US$21bn debt pile, according to people familiar with the matter.
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NewsStrong demand from emerging markets keeps gold prices up
Consumers are lapping up gold at a time supply is declining, helping underpin a rally in the precious metal, a market participant said Monday. Demand from emerging markets in particular is strong as currencies such as the Indonesian rupiah, the Malaysian ringgit and the Vietnamese dong has fallen sharply in ...
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NewsMy Fashion Life: Asos branded buying director Nikki Tattersall
Overseeing 500 womenswear brands on Asos.com, the site’s buying director talks about shopping, social and the 1990s revival.
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NewsFashion week format 'ripe for change'
The international fashion week format is outdated and “ripe for change”, a report by the organiser of New York Fashion Week has concluded.
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NewsSteady start for exhibitors at Scoop
Exhibitors at the autumn 16 edition of Scoop London were optimistic on the first day of the trade show following “steady” footfall and the attendance of international buyers.
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NewsHigh Street Hit or Miss: Womenswear spring
Manchester’s Intu Trafford Centre was the setting for Drapers first Hit or Miss retail review of 2016: our analysis and assessment of what the biggest high street names are offering customers this spring 16 season.
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NewsMilan: the nine menswear trends to know
Milan’s designers have autumn all wrapped up with snuggly high-neck knits, capacious capes, creamy caramels and more
