Business, Economy, Finance, and Insurance: 2016

Jumat, 30 Desember 2016

BRIEF-UCI International concludes financial restructuring process, emerges from Chapter 11

* UCI International - co is now owned by management of blackrock financial management, Credit Suisse asset management, J.P. Morgan investment management

from Reuters: Bankruptcy News http://ift.tt/2hD5UsF

BRIEF-Energy XXI completes financial restructuring, emerges from Chapter 11

* Energy XXI Ltd - has successfully completed its financial restructuring and emerged from Chapter 11

from Reuters: Bankruptcy News http://ift.tt/2hUJyPd

ICAP completes broking sale to Tullett

LONDON, Dec 30 (IFR) - ICAP has completed the sale of its global hybrid broking operations and began trading as a more streamlined company called NEX Group on Friday. Tullett Prebon, which acquired the operations in an all-share deal worth £1.28bn, started trading as TP ICAP.

from Reuters: New Issues News http://ift.tt/2iMxvI7

Kamis, 29 Desember 2016

Bankers cautious on outlook for global equity deals after 2016 slide

LONDON, Dec 30 (Reuters) - Global equity raising fell by more than a quarter in 2016, data showed on Friday, hit by geopolitical shocks and a string of failed initial public offerings (IPOs), with the outlook for 2017 looking shaky.

from Reuters: New Issues News http://ift.tt/2idspmV

UPDATE 1-Peabody extends financing deadlines after creditor lawsuit

WILMINGTON, Del., Dec 29 (Reuters) - Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been...

from Reuters: Bankruptcy News http://ift.tt/2iJiOW6

Peabody extends financing deadlines after creditor lawsuit

from Reuters: Bankruptcy News http://ift.tt/2iJpP9r

Rabu, 28 Desember 2016

BRIEF-Peabody Energy provides update regarding plan of reorganization

* Peabody Energy - also has reached agreement with creditor co-proponents of plan to extend deadline for holders of company's senior secured second lien notes

from Reuters: Bankruptcy News http://ift.tt/2iHbc2b

BRIEF-Cosi says filed with U.S. bankruptcy court amendments to purchase agreement

* Filed with US bankruptcy court amendments to purchase agreement

from Reuters: Bankruptcy News http://ift.tt/2iFLUpw

BRIEF-Stone Energy says amended existing joint prepackaged plan of reorganization

* Amended existing plan, filed second amended joint prepackaged plan of reorganization of co, debtor affiliates under Chapter 11

from Reuters: Bankruptcy News http://ift.tt/2ihQbi5

BRIEF-Oriental Group says court ordered co to be placed under interim judicial management

* Refers to company's announcements in relation to application by creditor to place company under judicial management

from Reuters: Bankruptcy News http://ift.tt/2hwujjx

Senin, 26 Desember 2016

BRIEF-KTG Energie AG: Insolvency Court approves insolvency plan

* Said on Friday that District Court of Neuruppin (Insolvency Court) had approved the insolvency plan submitted by the Board of Managing Directors of KTG Energie to the members of the Creditors'...

from Reuters: Bankruptcy News http://ift.tt/2ilZydW

Russia's VEB sees 2016 loss at $2.1 billion

MOSCOW, Dec 26 (Reuters) - Russian state development bank VEB will post a loss of 130 billion roubles ($2.14 billion) this year, its chairman Sergei Gorkov said on Monday, less than an expected loss...

from Reuters: Bankruptcy News http://ift.tt/2i7j2TK

INSIGHT-How JPMorgan could not save Italy's problem bank

MILAN/LONDON, Dec 23 (Reuters) - On the morning of July 29, former Italian Industry Minister Corrado Passera was travelling in a high-speed train towards the medieval city of Siena, racing to meet the directors of the world's oldest bank to present them with a rescue plan.

from Reuters: New Issues News http://ift.tt/2hYtgYB