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China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring
Business

China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring

China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts, as the embattled property developer

Hawaiian Electric Is in Talks With Restructuring Firms
Business

Hawaiian Electric Is in Talks With Restructuring Firms

The utility is facing mounting litigation alleging it was negligent before and during the Maui wildfires. Source link

No let up for world stocks as banking worries persist By Reuters
Finances

Debt restructuring talks at G20 meet hurt by differences, low attendance By Reuters

© Reuters. FILE PHOTO: Workers work near the venue of G20 Finance Ministers and Central Bank Governors meeting at Gandhinagar in Gujarat, India July 13,

Asia wary, US stock futures up on SVB reports By Reuters
Stock Market

Brazil’s Azul launches notes offering as part of broad restructuring plan By Reuters

© Reuters. FILE PHOTO: The logo of Brazil’s airline Azul is seen on the roof of a bus at Viracopos airport in Campinas, Brazil, April

Lazard Fires Top Restructuring Banker Accused of Harassing Employees
Finances

Lazard Fires Top Restructuring Banker Accused of Harassing Employees

Reid Snellenbarger is said to have acted inappropriately at a party he hosted over the weekend. Source link

European banks default-risk indicator jumps, AT1 bonds fall By Reuters
Finances

China to drop demand for development bank debt restructuring losses -source By Reuters

© Reuters. U.S. Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, U.S., April 11, 2023. REUTERS/Elizabeth Frantz By

Germany reaches deal with EU on future use of combustion engines By Reuters
Finances

IMF’s Georgieva says she told China to ‘speed up’ work on debt restructuring By Reuters

© Reuters. FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends the China Development Forum 2023, in Beijing, China, March 26, 2023. REUTERS/Jing

European banks default-risk indicator jumps, AT1 bonds fall By Reuters
Finances

US Treasury’s Yellen calls for ‘timely action’ on outstanding debt restructuring cases By Reuters

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen delivers remarks at the National Association for Business Economics 39th Annual Economic Policy Conference in Washington,

McKinsey Is Shutting Down Its Restructuring Business
Business

McKinsey Is Shutting Down Its Restructuring Business

Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar

Netflix to rein in movie output, slash jobs in restructuring push - Bloomberg
Stock Market

Netflix to rein in movie output, slash jobs in restructuring push

© Reuters. By Scott Kanowsky  Investing.com — Shares in Netflix Inc (NASDAQ:) inched higher in premarket U.S. trading on Friday after Bloomberg News reported that the