Argentina credit story grows murkier as talks collapse

By Paul Kilby Wed Jul 30, 2014 7:04pm EDT NEW YORK, July 30 (IFR) - Argentina's murky credit story grew even more complicated Wednesday as the US mediator said the country was headed to default after last-ditch talks...

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UPDATE 3-BES seeks capital as key staff suspended after massive losses

Wed Jul 30, 2014 9:58pm EDT * BES loses 3.6 bln euros, says will raise capital quickly * BES warns of possible illegal activity at bank * Bank continued to lend to family firms as woes mounted * Bank of Portugal...

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UPDATE-Argentina 2033 bond stable after talks to avoid default collapse

Thu Jul 31, 2014 4:40am EDT LONDON, July 31 (IFR) - The price of the restructured bond on which Argentina missed an interest payment, leading the country into a technical default, was stable in early London trading. ...

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Start of key Detroit bankruptcy hearing delayed by one week

July 29 Tue Jul 29, 2014 4:38pm EDT July 29 (Reuters) - The start of a critical hearing on Detroit's plan to adjust $18 billion of debt and exit bankruptcy will be delayed by one week to Aug. 21, a federal judge ruled on Tuesday.U.S. Bankruptcy Court...

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UPDATE 1-Critical Detroit bankruptcy hearing delayed by one week

Tue Jul 29, 2014 5:25pm EDT (Add details of new hearing schedule, background on Syncora's request, Detroit's plan) July 29 (Reuters) - The start of a critical hearing on Detroit's plan to adjust $18 billion of debt and...

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Messy situation as Argentina debt default looms

By Chris Spink Tue Jul 29, 2014 6:05pm EDT LONDON, July 29 (IFR) - Argentina will find itself in its second default of the 2000s on Thursday unless a last-minute deal is reached with holdout creditors who have rejected...

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KKR to invest in troubled sand maker Preferred Sands

NEW YORK, July 25 Fri Jul 25, 2014 12:48pm EDT NEW YORK, July 25 (Reuters) - Private equity firm KKR & Co LP said on Friday its special situations fund would lead an investment of more than $680 million in Preferred...

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Detroit revs up for approval of bankruptcy plan

By Lisa Lambert and Karen Pierog July 25 Fri Jul 25, 2014 2:56pm EDT July 25 (Reuters) - Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key...

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Detroit's revised bankruptcy plan sheds light on bonds, monitor

By Karen Pierog and Lisa Lambert July 25 Fri Jul 25, 2014 5:16pm EDT July 25 (Reuters) - Detroit released a revised debt adjustment plan on Friday that details the role of a post-bankruptcy monitor and sets up a reserve...

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KKR to invest in troubled sand maker Preferred Sands

NEW YORK, July 25 Fri Jul 25, 2014 12:48pm EDT NEW YORK, July 25 (Reuters) - Private equity firm KKR & Co LP said on Friday its special situations fund would lead an investment of more than $680 million in Preferred...

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Detroit revs up for approval of bankruptcy plan

By Lisa Lambert and Karen Pierog July 25 Fri Jul 25, 2014 2:56pm EDT July 25 (Reuters) - Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key...

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Detroit's revised bankruptcy plan sheds light on bonds, monitor

By Karen Pierog and Lisa Lambert July 25 Fri Jul 25, 2014 5:16pm EDT July 25 (Reuters) - Detroit released a revised debt adjustment plan on Friday that details the role of a post-bankruptcy monitor and sets up a reserve...

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KKR to invest in troubled sand maker Preferred Sands

NEW YORK, July 25 Fri Jul 25, 2014 12:48pm EDT NEW YORK, July 25 (Reuters) - Private equity firm KKR & Co LP said on Friday its special situations fund would lead an investment of more than $680 million in Preferred...

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Detroit revs up for approval of bankruptcy plan

By Lisa Lambert and Karen Pierog July 25 Fri Jul 25, 2014 2:56pm EDT July 25 (Reuters) - Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key...

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Detroit's revised bankruptcy plan sheds light on bonds, monitor

By Karen Pierog and Lisa Lambert July 25 Fri Jul 25, 2014 5:16pm EDT July 25 (Reuters) - Detroit released a revised debt adjustment plan on Friday that details the role of a post-bankruptcy monitor and sets up a reserve...

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'Risk-free' rating raises questions for Indian bank capital

Fri Jul 25, 2014 3:23am EDT * Bank of India launches first Tier 1 bond from state-run lender * Top domestic rating shows limits of Basel III in India * Bonds likely to be bought by funds linked to other banks By...

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Virgin Money to sell £160m Additional Tier 1 bond

By Aimee Donnellan Fri Jul 25, 2014 3:57am EDT LONDON, July 25 (IFR) - Virgin Money is poised to sell a £160m Additional Tier 1 bond, according to a market source.The transaction will be perpetual but callable after five years and will be sold via...

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UPDATE 1-Virgin Money to debut in bond market with AT1

Fri Jul 25, 2014 4:59am EDT (Adds background and quotes) By Aimee Donnellan LONDON, July 25 (IFR) - Virgin Money is poised to enter the debt capital markets for the first time ahead of a long rumoured IPO, and is...

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PRESS DIGEST- British Business - July 23

July 23 Tue Jul 22, 2014 8:09pm EDT July 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The...

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UPDATE 4-U.S. judge orders Argentina, creditors to meet until deal reached

Tue Jul 22, 2014 6:50pm EDT By Nate Raymond and Joseph Ax NEW YORK, July 22 (Reuters) - A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously"...

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UPDATE 5-U.S. judge orders Argentina, creditors to meet until deal reached

Tue Jul 22, 2014 9:48pm EDT (Adds in eighth paragraph that Argentina is sending a delegation to New York) By Nate Raymond and Joseph Ax NEW YORK, July 22 (Reuters) - A U.S. judge ordered Argentina and investors who...

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PRESS DIGEST- Wall Street Journal - July 22

July 22 Tue Jul 22, 2014 1:38am EDT July 22 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Separatists in Ukraine...

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