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Diageo unveiled a plan on Monday (May 19) to cut US$500 million in costs and make substantial asset disposals by 2028, as the maker of Johnnie Walker whisky and Guinness beer looks to turn…
The acquisition of Northpoint City’s south wing may be financed either with or without the issuance of perpetual securities, said the manager of Frasers Centrepoint Trust (FCT) in a bourse…
Foreign banks sold a record amount of Indian government bonds on Thursday (May 8), as a growing border conflict with Pakistan weighs on investor sentiment. They sold a net US$1.2 billion…
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed for bankruptcy on Tuesday in an effort to reduce…
[DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance its debut debt offering from 2021,…
After a five-year reprieve, the Trump administration will restart forced collections on federal student loans in default, which could include garnishing a portion of borrowers’ paychecks.…
The manager of Mapletree Pan Asia Commercial Trust (MPACT) on Friday (Apr 25) warned of ongoing challenges – including slow leasing demand and higher-for-longer cost of debt – as…
The parent of Huawei Technologies is tapping low borrowing costs in China’s credit market to raise a record amount of debt, as trade tensions with the US spur a shift towards local…
HSBC Holdings hired former BNP Paribas banker George Sun as head of global debt markets for Asia, attracting an outsider even as the bank undergoes a restructuring. A spokeswoman for HSBC…
When Joe Biden left office last month, he did so having forgiven more student loan debt than any of his predecessors—a total of $188.8 billion for 5.3 million borrowers over his four-year…
The portfolio continues a strategy across the global real estate investment manager’s debt fund series TEMASEK and CenterSquare Investment Management have launched a US$100 million…
MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations CATHAY Cineplex, operated by mainboard-listed media…
President Donald Trump has inherited a federal student loan system that looks considerably different from the one in place when he left office in early 2021. Former President Joe Biden's…
JUST a few months ago, Morgan Stanley was stuck with billions of US dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout of social-media platform Twitter. It took one…
DEFAULTED Chinese developer Logan Group said creditors holding over 66 per cent of the group’s US$6.2 billion offshore debt have signed an agreement in support of its restructuring plan, a…
Defaulted property developer Sunac China Holdings said it can’t rule out a second offshore debt restructuring as a prolonged property crisis dims its outlook and it faces another court…
DIRECT lenders including Antares Capital, Blue Owl Capital and KKR are preparing to take over insurance claims manager Alacrity Solutions, the latest restructuring in the private credit…
What's New On Friday 170 House Republicans joined Democrats to approve an emergency funding bill just hours before a partial government shutdown was due to go into effect, despite…
What's New Democratic Senator Elizabeth Warren of Massachusetts said that she believes President-elect Donald Trump is "exactly right" to push for removal of the federal debt ceiling.…
What's New President-elect Donald Trump has said any Republican lawmaker who backs a continuing resolution (CR) without including an increase to the debt limit should face being primaried.…
DESPITE higher interest expenses, most companies in Singapore have been able to generate enough earnings to service their debt, said a report by the Monetary Authority of Singapore (MAS)…
THAI Airways International expects to raise as much as 44 billion baht (S$1.7 billion) from a share rights offering, the carrier’s final major step to exit a court-supervised debt…
Spirit Airlines announced on Monday that it has filed for bankruptcy protection as it works to restructure its operations amid mounting problems. The airline has been grappling with the…
COMPANIES of all stripes are diving into the debt market on Tuesday (Nov 12), taking advantage of robust demand and relatively favourable borrowing costs. Banks including Citi, Goldman…
