debt-sustainability
Top StoriesUK Consumer Energy Debt Already at Record Levels – Survey
Top StoriesUkraine Faces Key Test on Debt Freeze Plan in Bid to Avoid Messy Default
Top StoriesPolitics Has Not Stalled Italy Network Deal talks-TIM CEO
Top StoriesTop U.S. Diplomat to Arrive in Pacific Amid Battle for Influence With China
Explainer-What’s Next for China Evergrande After a Restructuring Proposal?
Date: July 29, 2022
By Clare Jim HONG KONG (Reuters) – China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling liquidity crisis in the property sector continues. Evergrande’s restructuring proposal came on Friday as China’s property sector, a key...
Telecom Italia Seals Deal With Unions on More Jobs Cuts in Italy
Date: July 29, 2022
MILAN (Reuters) -Telecom Italia (TIM) has clinched an agreement with national trade unions to cut 2,100 jobs through an early retirement scheme as part of a wider cost-cutting plan to 2024, a document seen by Reuters showed. Chief Executive Pietro Labriola is seeking about 1 billion euros in savings between now and 2024 while looking...
Edf Issues Fourth Profit Warning as Nuclear Output Drops
Date: July 28, 2022
By Benjamin Mallet and Silvia Aloisi PARIS (Reuters) -French power company EDF , which is being nationalised, issued its fourth profit warning of the year on Thursday as it fell to a loss in the first half on lower nuclear output. Half its 56 nuclear reactors are currently offline due to planned maintenance and work...
Deloitte Successfully Advises Saudi Contractor Through an In-Court Financial Restructuring
Date: July 27, 2022
Deloitte advises on another successful financial restructuring procedure in the Kingdom 25 July, 2022 – Deloitte’s leading KSA bankruptcy team has successfully advised on the financial reorganisation procedure of Al Harbi Trading and Contracting Company, a Riyadh-based company with approximately SAR 1.8 billion (USD 480 million) of debt across seven banks and more than 1200 creditors....
Analysis: ECB Faces Italian Debt Test as Politics Intervenes
Date: July 27, 2022
By Francesco Canepa and Giselda Vagnoni FRANKFURT/ROME (Reuters) – The European Central Bank seems almost certain to face a test of its resolve to rein in excessive bond yields in coming weeks as the euro zone’s biggest debtor, Italy, heads for elections that a rightist bloc with a eurosceptic past is expected to win. The...
ECB Hikes Rates, Throws Lifeline to Indebted Countries
Date: July 21, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while the euro zone economy is suffering from the impact of Russia’s war in Ukraine. The ECB raised its benchmark deposit rate by 50...