debt-restructuring
Top StoriesEvergrande Winding-Up Lawsuit in Hong Kong Adjourned to Nov 7
Top StoriesExclusive-Naftogaz CEO Prepared to Step Down if It Would Facilitate Debt Deal
Top StoriesGaruda Indonesia Wins Creditors’ Approval for $9 Billion Restructuring
Top Stories‘We Are Going to Die’: Food Shortages Add to Sri Lanka’s Woes
Sri Lanka Fuel Shortage Set to Ease; Police Clash With Protesters
Date: May 19, 2022
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) -Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, but police fired tear gas and water canon to push back student protesters. Most of Sri Lanka’s petrol stations have run...
Morgan Stanley Sees Ukraine GDP Slump by 60% in 2022 if “no Clear Resolution”
Date: May 18, 2022
LONDON (Reuters) – Morgan Stanley said on Wednesday Ukraine’s economy could slump as much as 60% year-on-year in 2022 in case of a “more prolonged conflict with no clear resolution” following Russia’s invasion. The bank considers this would be the worst case scenario, which included Ukraine losing access to the Black Sea in the south....
Saipem to Cut Costs, Focus on Offshore Business After Swinging to Core Loss
Date: February 24, 2022
MILAN (Reuters) -Italian energy services group Saipem pledged on Thursday to cut costs and focus more on its traditional offshore business after it reported a swing to a core operating loss for the last year. Saipem said its adjusted core earnings, or EBITDA, were negative to the tune of 1.192 billion euros ($1.34 billion). That compares to...
Industry Stalwarts Set to Headline Region’s First Financial Restructuring Summit This September
Date: August 7, 2018
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