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...Continuation of that relief was conditional on Caracas taking steps towards holding “free and fair” elections in the second half of this year, the White House said at the time....
...The group has just $2.6bn of offshore debt, compared with more than $20bn at Evergrande....
...The unit’s troubles are more bad news for its struggling parent, China Evergrande, with more than $300bn of debt: it had been regarded as one of the last-resort options to secure cash amid the property group...
...The company has hired restructuring advisers ahead of likely negotiations with offshore creditors, to whom total debt is about $13bn, according to Bloomberg....
...While likely to provide some relief for consumers by lowering the input prices for new electric cars and mobile phones, the market downturn is causing pain for cobalt producers such as Glencore, which has...
...Ethiopia is seeking to renegotiate its obligations through the G20’s common framework, which co-ordinates debt relief across public as well as private lenders and has been used by two other African countries...
...Private equity groups globally are now sitting on a record 28,000 unsold companies worth more than $3tn, according to Bain & Co’s annual PE report....
..., including those related to creditor co-ordination, debtors’ at times weak institutions, an aversion to structural reforms, and some countries’ reliance on domestic debt, among others....
...It had bought a majority stake in 2005-2006, funding the acquisition with about $1bn in equity and $2.5bn of debt....
...Accolade has already been selling smaller brands, including its Tasmanian vineyard Bay of Fires, to lower its debt....
...The G20 Common Framework has thus far failed to give any country debt relief since its inception, yet 11 countries have now defaulted on their debt and more 48 are at or near debt distress....
...A Japan Airlines-operated Airbus A350 was landing when it struck a smaller De Havilland Dash-8 Japan Coast Guard aircraft, which was preparing to deliver emergency relief supplies to regions of western Japan...
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...Evergrande, which had about $20bn of offshore debt when it collapsed, originally planned to issue notes linked to subsidiaries listed in Hong Kong, but the plan fell through after the company indicated in...
...More fundamentally, electoral relief for the ANC is likely to prove temporary as its failure to address structural problems becomes evermore manifold....
...The JCG aircraft — a De Havilland Dash-8 coastguard turboprop that was due to fly emergency earthquake relief supplies to western Japan — entered the runway just as a JAL Airbus A350 from Sapporo was landing...
...Yet CVC, which holds an 86 per cent stake alongside the Kreke family, who remain co-owners, will still need to be patient before it achieves a full exit....
...For more than a year, Signa has struggled to raise urgently needed fresh capital, in order to finish projects and service its increasingly burdensome debt obligations....
...Maduro’s vice-president Delcy Rodríguez rejected what she termed a “crude and inappropriate blackmail and ultimatum” and threatened to halt deportation flights and review all existing co-operation....
...Drivers’ salaries, to the relief of F1’s stars, are among the exemptions from the budget cap. The difference in team finances is stark. Take Mercedes....
...Total public sector net debt, expressed as a percentage of GDP, will be 98 per cent this fiscal year, according to the Office for Budget Responsibility....
...Caroline Ellison fought back tears on Wednesday as she recalled the “relief” she felt at not having “to lie anymore” after it was revealed last year that the trading firm she ran had secretly stolen billions...
...People familiar with Geely’s thinking say the company could easily raise needed finance through debt markets....
...We should reform the insolvency rules to remove the upfront costs of going bankrupt (which costs £680) or agreeing a debt relief order (£90)....
...The lack of consensus among an ever more complex cast of creditors also underlines the co-ordination difficulties in resolving emerging-market debt crises....
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