Hints and tips:
...The US House judiciary committee subpoenaed BlackRock, SSGA and Vanguard as part of an investigation into sustainable investing. The committee has also subpoenaed an official at Climate Action 100+....
...the Financial Times....
...’ ties to China, people close to the situation told the Financial Times....
...One UK official said the British government could not comment on any specific acquisitions given the “quasi-judicial” nature of its investment screening powers....
...Ukraine’s international bondholders have formed a creditor committee ahead of a $20bn debt restructuring that Kyiv is aiming to negotiate by September, amid uncertainty over the arrival of funding to help...
...The next restructuring case will tell us if more of China’s official creditors are classified as such, and if China is able to develop a mechanism to allocate financial and political losses domestically....
...Zambia’s limbo was an “indictment” of the global system for sovereign debt restructuring, Hichilema told the Financial Times last week, as he pushed creditors “to just walk the extra mile and close this...
...Even after a recent uptick, an unsecured bond maturing in July of that year is trading far lower, at less than 50 cents....
...So far, Beijing has emphasised the need to complete construction projects but stopped short of unveiling any official measures to help developers in difficulty....
...senior unsecured notes due in January 2026....
...FTX is seeking court permission to appoint Galaxy, which it said was chosen in consultation with the official committee of unsecured creditors and after considering other potential investment advisers....
...But lawyers for Purdue, the Sacklers and the creditors committee, which includes individual claimants, have argued the full liability release is a condition for the Sacklers making any financial contribution...
...There’s a big difference between being an unsecured creditor of Venezuela and having a claim on Citgo....
...Zambia’s debt restructuring deal with bondholders has been nixed by its Official Creditor Committee because it breached of the ‘comparability of treatment principle’ — where no creditor should receive more...
...Heino Klinck, a former top Pentagon Asia official, said the timing of Biden’s statement was “inopportune to say the least” given Kishida’s visit....
...It has not, according to the Determinations Committee, the finance-industry group that’s in charge of these types of matters. The committee decided that on June 2. Then it decided again on June 8....
...US Steel’s shares fell more than 12 per cent after the Financial Times published details of Biden’s intentions....
...The US’s financial backing also comes as the billionaire Adani works to push past allegations of stock market manipulation and accounting fraud made by New York-based short seller Hindenburg Research in...
...While Sri Lanka’s non-Chinese bilateral creditors formed a committee, Beijing has negotiated separately....
...A senior Meti official says the evaluation of competing bids was a matter for JSR’s board and that the government did not interfere in the affairs of private companies....
...Ever since the deal was announced, JSR’s investors and clients have been asking what prompted a listed company not in financial trouble to turn to Japan Investment Corp, a fund whose investments are overseen...
...Lesson 9 The Common Framework remains a bit of a dud The main innovation of the Common Framework was that China would negotiate together with the Paris Club through a single official creditors committee...
...action committee....
...That would give him the financial firepower to wrest back control of Sapinda and start settling creditor claims....
...But workers don’t have an official say in the matter and other objections look thin at the moment....
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