BRIEF-Main owner withdraws petition for bankruptcy in PA Resources

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UPDATE 1-Detroit, Stockton bankruptcies may flag wider problems -Fed's Dudley

(Adds comments on financing operating deficits, pensions; background) NEW YORK, April 14 (Reuters) - The municipal bankruptcies in Detroit and Stockton, California, may foretell more widespread problems in the United States than is implied by current...

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CCB mandates banks for Tier 2 bonds

HONG KONG, April 15 (IFR) - China Construction Bank has mandated itself, Citigroup, HSBC and Standard Chartered as joint global co-ordinators for an offering of US dollar Tier 2 bonds. The timing of the issuance is subject to market conditions,...

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ECB tells banks to write down Heta exposure by over half-Handelsblatt

FRANKFURT, April 14 (Reuters) - The European Central Bank has told banks with exposure to Austria's Heta bad bank to write it down by more than 50 percent, Germany's Handelsblatt newspaper reported on Tuesday, citing unnamed banks. The requested...

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BRIEF-Evraz Highveld commences business rescue proceedings

April 14 (Reuters) - Evraz Highveld Steel And Vanadium Ltd : * Suspension of listing and cautionary announcement * Co does not have adequate funding to meet its obligations for short term * Commencement of business rescue proceedings...

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BRIEF-Evraz says Evraz Highveld's business rescue announcement hinders stake sale

April 14 (Reuters) - Evraz : * Board of directors of Evraz Highveld Steel and Vanadium decided to file for voluntary business rescue procedures * Post this decision Evraz will not be able to complete sale of 34 pct of issued share capital...

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Potential DTA clampdown threatens peripheral banks

* Lenders in southern Europe face potential EUR40bn capital loss * Italian bank association defends use of guarantees By Anna Brunetti LONDON, April 10 (IFR) - Southern European banks are facing the loss of more than 40bn of capital, after...

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German lenders should write off half of bonds from Austria's Heta - Bundesbank

FRANKFURT, April 10 (Reuters) - German lenders should prepare to write off at least half the value of the bonds they hold in Austrian 'bad bank' Heta Asset Resolution AG, a Bundesbank board member said in an interview published on Friday. ...

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Creditors agree not to execute on OGX DIP financing

SAO PAULO, April 10 (Reuters) - Creditors of Brazil's OGX Petroleo e Gas, the bankrupt oil company created by tycoon Eike Batista, agreed not to execute payments or guarantees stipulated in a debtor-in-possession (DIP) financing secured in 2014...

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German lenders should write off half of bonds from Austria's Heta - Bundesbank

FRANKFURT, April 10 (Reuters) - German lenders should prepare to write off at least half the value of the bonds they hold in Austrian 'bad bank' Heta Asset Resolution AG, a Bundesbank board member said in an interview published on Friday. ...

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Potential DTA clampdown threatens peripheral banks

* Lenders in southern Europe face potential EUR40bn capital loss * Italian bank association defends use of guarantees By Anna Brunetti LONDON, April 10 (IFR) - Southern European banks are facing the loss of more than 40bn of capital, after...

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Creditors agree not to execute on OGX DIP financing

SAO PAULO, April 10 (Reuters) - Creditors of Brazil's OGX Petroleo e Gas, the bankrupt oil company created by tycoon Eike Batista, agreed not to execute payments or guarantees stipulated in a debtor-in-possession (DIP) financing secured in 2014...

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Potential DTA clampdown threatens peripheral banks

* Lenders in southern Europe face potential EUR40bn capital loss * Italian bank association defends use of guarantees By Anna Brunetti LONDON, April 10 (IFR) - Southern European banks are facing the loss of more than 40bn of capital, after...

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German lenders should write off half of bonds from Austria's Heta - Bundesbank

FRANKFURT, April 10 (Reuters) - German lenders should prepare to write off at least half the value of the bonds they hold in Austrian 'bad bank' Heta Asset Resolution AG, a Bundesbank board member said in an interview published on Friday. ...

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Creditors agree not to execute on OGX DIP financing

SAO PAULO, April 10 (Reuters) - Creditors of Brazil's OGX Petroleo e Gas, the bankrupt oil company created by tycoon Eike Batista, agreed not to execute payments or guarantees stipulated in a debtor-in-possession (DIP) financing secured in 2014...

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UPDATE 1-Canadian oil company to liquidate due to crisis in Yemen

(Adds comment from Calvalley Petroleum CFO) By Nia Williams CALGARY, Alberta, April 9 (Reuters) - Canadian oil and gas producer Calvalley Petroleum Inc said on Thursday it will liquidate and restructure due to the political crisis in Yemen, where...

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Spain's Martinsa Fadesa enters liquidation after failing to strike deal with banks

MADRID, April 9 (Reuters) - Property developer Martinsa Fadesa said on Thursday a court had begun its liquidation, seven years after it became one of the most notable casualties of Spain's real estate crash and filed for bankruptcy. The liquidation,...

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BRIEF-Teixeira Duarte clarifies on SATU Oeiras' dissolution process

April 10 (Reuters) - Teixeira Duarte SA : * Said on Thursday that its wholly-owned subsidiary Teixeira Duarte - Engenharia e Construções SA holds 49 pct of SATU Oeiras - Sistema Automático de Transporte Urbano EM SA, which is under dissolution...

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BRIEF-PA Resources main owner says no to new funding

April 7 (Reuters) - PA Resources * Gunvor Group has today informed the company that it will not participate with new funding, in the form of equity or new loans, in the ongoing refinancing process * PA Resources says in addition Gunvor...

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BRIEF-Florida developer buys Atlantic City's Revel for $82 mln - AP

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information...

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EveryWare Global files for Chapter 11 bankruptcy protection

April 8 (Reuters) - EveryWare Global Inc, a marketer of cookware and tabletop products, filed for Chapter 11 bankruptcy protection late on Tuesday. The company listed assets of $100 million to $500 million and liabilities of $500 million to...

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BRIEF-PA Resources main owner says no to new funding

April 7 (Reuters) - PA Resources * Gunvor Group has today informed the company that it will not participate with new funding, in the form of equity or new loans, in the ongoing refinancing process * PA Resources says in addition Gunvor...

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BRIEF-Florida developer buys Atlantic City's Revel for $82 mln - AP

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information...

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EveryWare Global files for Chapter 11 bankruptcy protection

April 8 (Reuters) - EveryWare Global Inc, a marketer of cookware and tabletop products, filed for Chapter 11 bankruptcy protection late on Tuesday. The company listed assets of $100 million to $500 million and liabilities of $500 million to...

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BRIEF-Dmail Group wants to file to court request to for admission to procedure for arrangement with creditors

April 3 (Reuters) - Dmail Group SpA : * Announced on Thursday that it has decided to file to a relevant court a request for admission to the procedure for arrangement with creditors * The resolution was adopted as a result of the checks...

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Italy prosecutor requests trial for current and former UniCredit chiefs

BARI, Italy, April 3 (Reuters) - An Italian prosecutor has asked for the current and former chief executives of UniCredit to stand trial over the bank's alleged role in the 2004 bankruptcy of sofa company Divania, a person close to the matter said...

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PRESS DIGEST- New York Times business news - April 6

April 6 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * With "A Rape on Campus," Rolling Stone's widely discredited article, traditional...

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Italy prosecutor requests trial for current and former UniCredit chiefs

BARI, Italy, April 3 (Reuters) - An Italian prosecutor has asked for the current and former chief executives of UniCredit to stand trial over the bank's alleged role in the 2004 bankruptcy of sofa company Divania, a person close to the matter said...

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BRIEF-Dmail Group wants to file to court request to for admission to procedure for arrangement with creditors

April 3 (Reuters) - Dmail Group SpA : * Announced on Thursday that it has decided to file to a relevant court a request for admission to the procedure for arrangement with creditors * The resolution was adopted as a result of the checks...

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PRESS DIGEST- New York Times business news - April 6

April 6 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * With "A Rape on Campus," Rolling Stone's widely discredited article, traditional...

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Judge to approve latest deal to buy Atlantic City's Revel Casino

April 2 (Reuters) - A federal bankruptcy judge in New Jersey on Thursday said she would approve an $82 million sale of Atlantic City's Revel Casino Hotel to Florida developer Glenn Straub. U.S. Bankruptcy Court Judge Gloria Burns said from...

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BRIEF-Dmail Group wants to file to court request to for admission to procedure for arrangement with creditors

April 3 (Reuters) - Dmail Group SpA : * Announced on Thursday that it has decided to file to a relevant court a request for admission to the procedure for arrangement with creditors * The resolution was adopted as a result of the checks...

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Italy prosecutor requests trial for current and former UniCredit chiefs

BARI, Italy, April 3 (Reuters) - An Italian prosecutor has asked for the current and former chief executives of UniCredit to stand trial over the bank's alleged role in the 2004 bankruptcy of sofa company Divania, a person close to the matter said...

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BRIEF-Dmail Group wants to file to court request to for admission to procedure for arrangement with creditors

April 3 (Reuters) - Dmail Group SpA : * Announced on Thursday that it has decided to file to a relevant court a request for admission to the procedure for arrangement with creditors * The resolution was adopted as a result of the checks...

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Judge to approve latest deal to buy Atlantic City's Revel Casino

April 2 (Reuters) - A federal bankruptcy judge in New Jersey on Thursday said she would approve an $82 million sale of Atlantic City's Revel Casino Hotel to Florida developer Glenn Straub. U.S. Bankruptcy Court Judge Gloria Burns said from...

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Italy prosecutor requests trial for current and former UniCredit chiefs

BARI, Italy, April 3 (Reuters) - An Italian prosecutor has asked for the current and former chief executives of UniCredit to stand trial over the bank's alleged role in the 2004 bankruptcy of sofa company Divania, a person close to the matter said...

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Brazil court accepts OAS request for creditor protection

SAO PAULO, April 2 (Reuters) - A Brazilian state court accepted a bankruptcy protection request filed by engineering conglomerate Grupo OAS for nine of its units, in the largest corporate failure yet related to the snowballing Petróleo Brasileiro...

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Judge to approve latest deal to buy Atlantic City's Revel Casino

April 2 (Reuters) - A federal bankruptcy judge in New Jersey on Thursday said she would approve an $82 million sale of Atlantic City's Revel Casino Hotel to Florida developer Glenn Straub. U.S. Bankruptcy Court Judge Gloria Burns said from...

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BRIEF-Dmail Group wants to file to court request to for admission to procedure for arrangement with creditors

April 3 (Reuters) - Dmail Group SpA : * Announced on Thursday that it has decided to file to a relevant court a request for admission to the procedure for arrangement with creditors * The resolution was adopted as a result of the checks...

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