Business, Economy, Finance, and Insurance: Juni 2015

Selasa, 30 Juni 2015

More Puerto Ricans consider exit as crisis deepens

June 30 (Reuters) - For many Puerto Ricans, events this week that seemed to herald a fraught new period in the island's spiraling economic crisis were just the latest frustrating developments in...

from Reuters: Bankruptcy News http://ift.tt/1C6DSKI

Santander UK sets up new structure to meet ringfencing rules

June 30 (Reuters) - Santander's British arm has set up a structure to meet new rules requiring banks to separate their retail banking arms, and appointed bosses for its retail and corporate divisions, a source familiar with the matter said on Tuesday.

from Reuters: New Issues News http://ift.tt/1GXvVGD

U.S. bankruptcy judge pushes debt relief for Corinthian students

WILMINGTON, Del., June 30 (Reuters) - The U.S. government and former students of Corinthian Colleges, which closed in April, need to promote the government's loan relief program before asking for a...

from Reuters: Bankruptcy News http://ift.tt/1GKVVlh

Portugal gets 3 binding offers for state-rescued Novo Banco

LISBON, June 30 (Reuters) - Three bidders have submitted binding offers for Novo Banco, the successor to Banco Espirito Santo after a state rescue last year, the Bank of Portugal said on Tuesday,...

from Reuters: Bankruptcy News http://ift.tt/1IqMLzZ

China's big ambitions stumble at Bahamas resort

Nassau, Bahamas/Beijing June 30 (Reuters) - China's push to extend its influence in the Western Hemisphere has hit an embarrassing setback at an unfinished, $3.5 billion resort and casino project in...

from Reuters: Bankruptcy News http://ift.tt/1GXm8jy

California tribe eyes bid for gun maker Colt

June 30 (Reuters) - A Native American tribe in California is looking to make a bid for Colt Holding Co, the 179-year-old gun manufacturer, according to a tribal attorney.

from Reuters: Bankruptcy News http://ift.tt/1C5AZK9

Puerto Rico bonds fall sharply for second day

NEW YORK, June 30 (Reuters) - Puerto Rico bonds fell sharply for a second day in a row after the island's governor said it needed to restructure its debt and called for access to the U.S. bankruptcy...

from Reuters: Bankruptcy News http://ift.tt/1R1ILLK

BRIEF-Chemical Specialities creditors vote for extension of rescue plan publishing

* Creditors of co voted in favour of allowing business rescue practitioners extension within which to publish business rescue plan Source text for Eikon: Further company coverage:

from Reuters: Bankruptcy News http://ift.tt/1C4So5P

Grexit fears risk derailing best start by hedge funds in 6 years

LONDON/BOSTON (Reuters) - Greece's worsening debt crisis threatens to derail the best start to the year for global hedge funds since 2009, as a bitter standoff between Athens and its creditors...

from Reuters: Hedge Funds http://ift.tt/1C4FpAZ

UPDATE 1-Luxembourg Stock Exchange suspends trading of bonds from seven Greek issuers

LONDON, June 30 (IFR) - The Luxembourg Stock Exchange has suspended the trading of all bonds from seven Greek issuers, according to a statement on its website.

from Reuters: New Issues News http://ift.tt/1eggQWE

Luxembourg Stock Exchange suspends trading of bonds from seven Greek issuers

UPDATE 1-Insurance broker Willis Group to merge with Towers Watson

June 30 (Reuters) - Insurance broker Willis Group Holdings said it would combine with financial services provider Towers Watson & Co to create a new $18 billion insurance, personnel and risk company.

from Reuters: New Issues News http://ift.tt/1g5Nonh

Insurance broker Willis Group to buy Towers Watson in stock deal

June 30 (Reuters) - Insurance broker Willis Group Holdings said it signed an agreement with Financial management services provider Towers Watson & Co to combine the companies in an all-stock deal with an implied equity value of about $18 billion.

from Reuters: New Issues News http://ift.tt/1eg2Tb2

Gulfsands Petroleum to raise $22 mln to repay debt

June 30 (Reuters) - Gulfsands Petroleum Plc said on Tuesday it planned to raise up to $22 million, most of it through a placing of shares to institutional investors, to repay debt and for working capital purposes.

from Reuters: New Issues News http://ift.tt/1IIYFAM

Senin, 29 Juni 2015

BRIEF-Monitise updates on payment of deferred consideration for Markco Media deal

* Update regarding payment of deferred consideration for acquisition of Markco Media businesses, originally announced on 26 June 2014

from Reuters: New Issues News http://ift.tt/1T04Pnn

BRIEF-Gulfsands to raise up to $22 mln via institutional placing and open offer

* Following update with regard to a proposed financing and assignment of $20 million facility agreement with Arawak Energy Bermuda Limited

from Reuters: New Issues News http://ift.tt/1GWjBpP

UPDATE 5-Puerto Rico governor calls for bankruptcy; adviser says island 'insolvent'

* Former bankruptcy judge: Puerto Rico "urgently needs our help"

from Reuters: Bankruptcy News http://ift.tt/1RNHy5N

Global equity market deals top $500 bln but banker fees fall

LONDON/HONG KONG, June 30 (Reuters) - Money raised in global equity capital markets rose in the first half of the year to top $500 billion, but bankers' fees fell as secondary share sales supplanted lucrative stock market listings as the dominant deals.

from Reuters: New Issues News http://ift.tt/1HuluxA