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UBS loses role in bond deal for Chinese firm on outcry over pig comment

HONG KONG (Reuters) – UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist’s use of “pig” in connection with Chinese Read more ›

Italy central bank to spurn firms that don’t go green

FILE PHOTO: Banca D’Italia (Bank of Italy) sign is seen in downtown Rome, Italy, October 19, 2018. REUTERS/Alessandro Bianchi ROME (Reuters) – The Bank of Italy plans to adopt investment criteria which reward companies that take action on climate change, Read more ›

UPDATE 1-Creditors approve Avianca Brasil plan as antitrust concerns loom

(Adds creditors’ vote results) By Marcelo Rochabrun SAO PAULO, April 5 (Reuters) – Creditors led by hedge fund Elliott Management approved on Friday a restructuring plan for bankrupt airline Avianca Brasil, hours after the country’s antitrust regulator announced preemptively that Read more ›

Nissan top exec Munoz resigns amid broadened Ghosn probe

(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North Read more ›

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

(Reuters) – Wells Fargo & Co (WFC.N) is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday citing people familiar with the matter. FILE PHOTO: The sign at a Wells Read more ›

Exclusive: Saudi Arabia to auction detained tycoon’s real estate assets – sources

RIYADH (Reuters) – Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. FILE PHOTO: A Read more ›

UPDATE 1-Brazil’s Invepar should restructure, avoid quick sale-Previ

(Adds Previ CEO comments on utility Neoenergia and miner Vale, context) By Carolina Mandl FLORIANOPOLIS, Brazil, Sept 10 (Reuters) – Brazilian infrastructure operator Invepar should focus on refinancing its substantial debt load instead of pursuing an immediate sale, the chief Read more ›

Tesla’s German shares fall after CEO Musk drops plan to take company private

LONDON (Reuters) – Germany-listed shares in Tesla TSLA.TG fell more than 3 percent in early deals on the Tradegate exchange on Monday, after Chief Executive Elon Musk called off his bid to take the company private. FILE PHOTO: A Tesla Read more ›