BRIEF-Hanesbrands entered into a syndicated facility agreement on July 4 – SEC Filing
* Syndicated facility agreement consists of a A$200 million Australian term a-1 loan facility, A$200 million Australian term a-2 loan facility
U.S. agrees to clean-up deal with bankrupt miner, hopes for payment
July 7 (Reuters) – The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite concerns that Alpha will be unable to fund $400…
UPDATE 1-Canada’s Postmedia reaches debt deal; posts Q3 loss
TORONTO, July 7 (Reuters) – Postmedia Network Canada Corp , the country’s biggest newspaper publisher, said on Thursday it had reached a deal with some bondholders that would reduce its debt by C$307…
UPDATE 3-Five U.S. investment banks offer support for London after Brexit vote
LONDON, July 7 (Reuters) – Five U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep its top spot as a financial centre, but gave…
UPDATE 1-UK’s Osborne meets Chinese officials in post-Brexit trade push – source
LONDON, July 7 (Reuters) – Finance minister George Osborne met senior Chinese officials in London on Thursday to discuss trade following Britain’s vote to leave the European Union, agreeing to work…
Brazil committee votes to end exclusive Petrobras subsalt rights
* Legislation also ends minimum 30 pct subsalt financial stake
BRIEF-Fitch removes Alcoa’s ‘BB+’ IDR from evolving watch, outlook stable
* Fitch removes Alcoa’s ‘BB+’ IDR from evolving watch; outlook stable Source text for Eikon: Further company coverage:
Spain says will escape EU deficit sanction, set new fiscal path
MADRID, July 7 (Reuters) – Spain will escape any sanction from the European Union for missing its deficit goals last year, Economy Minister Luis de Guindos said on Thursday, adding that the country…
‘Fallen angel’ ETFs bet big on further energy renaissance
NEW YORK, July 7 (Reuters) – The top-performing high-yield bond exchange-traded fund is betting big that energy companies will not be deadbeats.
BRIEF-S&P rates The Walt Disney Co’s proposed senior unsecured notes ‘A’
* The Walt Disney Co’s proposed senior unsecured notes rated ‘A’ Source text (http://bit.ly/29lzjj9) Further company coverage:
President of Puerto Rico Government Development Bank to resign
July 7 (Reuters) – The president of the Puerto Rico Government Development Bank, Melba Acosta, will resign effective July 31, Governor Alejandro García Padilla said in a statement on Thursday.
Brazil eyes 2017 fiscal target of between 140 and 150 bln reais -source
BRASILIA, July 7 (Reuters) – The Brazilian government is discussing setting a primary deficit target of between 140 and 150 billion reais ($44.96 billion) for 2017, a government source familiar with…
CEE MARKETS-Currencies firm on robust bond sales, Serbia cuts rates
* Hungary, Poland, Romania bond auctions draw strong demand * Currencies firm on bond sales, Hungary’s rating upgrade hope * Rate cut expectations persist despite optimism over growth *…
BRIEF-Lawson Products entered 5th amendment to loan agreement with Privatebank – SEC filing
* On June 30, co entered into fifth amendment and limited waiver to loan and security agreement with Privatebank and Trust Co – SEC filing
U.S. corporate pension funding gap grows in June, BNY Mellon says
NEW YORK, July 7 (Reuters) – The difference between what U.S. corporate pensions owe versus their investments grew to their widest levels so far in 2016 in June as bond yields tumbled following…
UPDATE 1-Russian FinMin says government to sharply raise borrowings in 2017
MOSCOW, July 7 (Reuters) – Russia’s domestic borrowing programme will be completed as planned this year and the government is confident it will be able to quadruple its borrowings in 2017, Russian…
UPDATE 2-Canada regulator toughens mortgage oversight as home prices soar
* Finance ministry welcomes move (Adds response from finance ministry, details on OSFI measures)
UPDATE 1-Brazil eyes 2017 fiscal deficit target of 140 to 150 bln reais -source
BRASILIA, July 7 (Reuters) – The Brazilian government is discussing setting a primary deficit target of between 140 billion and 150 billion reais ($45 billion) for 2017, a government source familiar…
U.S. 30-year mortgage rates falls near record low – Freddie Mac
NEW YORK, July 7 (Reuters) – Interest rates on U.S. 30-year mortgages fell in the latest week, approaching their all-time low as bond yields have tumbled following Britain’s vote to exit the European…
UPDATE 1-Brexit opens up bank fault line from Milan to Lisbon
* Lisbon struggles to be heard in Europe (Adds detail on EU budget procedure)
TREASURIES-U.S. 30-, 10-year yields rise from record lows on jobs data
* 10-yr yield at 1.420 pct after Wed record low of 1.321 pct * Private employers hired 172,000 workers in June -ADP * U.S. weekly jobless claims near 43-year low * Traders trim Treasuries…
BRIEF-XPO Logistics files for potential mixed shelf
* Files for potential mixed shelf; size not disclosed – SEC filing Source text – http://bit.ly/29pSXvp Further company coverage:
BRIEF-TowerJazz extends partnership with JA Mitsui
* Extends its partnership with JA Mitsui to drive its recently acquired San Antonio fab growth and ramp-up plans
EU Commission to unveil decision on Spain, Portugal deficits at 1400 GMT
BRUSSELS, July 7 (Reuters) – The European Commission will issue at 1400 GMT on Thursday its decision on excessive budget deficits posted by Spain and Portugal last year and whether these complied…
BRIEF-Assured Guaranty says two bond insurance units made debt service payments
* Says subsidiary Municipal Assurance Corp (MAC) has no insured exposure to Puerto Rico
UK government debt sale attracts strongest demand since 2013
LONDON, July 7 (Reuters) – A sale of British government bonds generated the strongest demand from investors in more than three years, reflecting the rush for sovereign debt around the world since…
BRIEF-Pernix Therapeutics says restructuring sales force
* Pernix therapeutics announces restructuring of sales force and operations
RPT-Fog of Brexit clouds outlook for central banks seeking clarity
WASHINGTON, July 7 (Reuters) – For much of this year, the dollar, oil prices, and economic conditions largely behaved as the U.S. Federal Reserve had expected, allowing policymakers to plot further…
Investment banks tell UK’s Osborne they will help London after Brexit vote
LONDON, July 7 (Reuters) – Major investment banks including Goldman Sachs and JPMorgan said they would work to help London remain a top centre for international finance, in a joint statement on…
UK PM candidate Leadsom defends record of her career
LONDON, July 7 (Reuters) – Andrea Leadsom, one of three candidates vying to become the next British prime minister, said she had given a full account of her past jobs on Thursday as some of her…
UPDATE 1-Banking woes, 5-Star surge weigh on Italy’s bonds
* Spain, Portugal bonds also lag ahead of EU deficits ruling (Adds prices, detail)
BRIEF-Moody’s: Brexit-related costs and uncertainties pose fresh challenge to non-UK GIBS’ pan-European business models
* Brexit-related costs and uncertainties pose fresh challenge to non-UK GIBS’ pan-European business models
Ghana IMF deal on track, allaying fears of election overspending
ACCRA, July 7 (Reuters) – It is too close to call whether Ghana’s President John Mahama will win re-election in November, but on one score success is starting to look attainable: the government is on…
RPT-UK bank strains intensify as key sterling spread hits four-year high
* Sterling-Libor OIS spread last 3 months http://tmsnrt.rs/29mj2dk
Short-term JGBs buoyed, 2-year yield hits record low
TOKYO, July 7 (Reuters) – Short-term Japanese government bond prices firmed on Thursday, with the two-year yield hitting a record low, supported by concerns over Brexit and expectations about further…
5-Star surge and banking woes deter Italy’s bond investors
LONDON, July 7 (Reuters) – Italy led a move higher in southern European bond yields on Thursday as the rising popularity of the anti-establishment 5-Star Movement and concerns about a banking sector…
CEE MARKETS-Bonds retreat, robust debt auctions expected
* Hungary, Poland, Romania auction bonds * Brexit seen fuelling demand at CEE bond sales * Hope for Moody’s upgrade additional help to Hungarian bonds By Sandor Peto BUDAPEST/WARSAW,…
Nearly a third of euro zone government bonds out of reach of ECB QE – Tradeweb
LONDON, July 7 (Reuters) – Nearly a third of euro zone government bonds are no longer eligible for the ECB’s quantitative easing scheme because they yield less than the central bank’s deposit rate,…
EMERGING MARKETS-Emerging stocks bounce 1 pct; yuan off 5-1/2-yr low
LONDON, July 7 (Reuters) – Emerging stocks rebounded almost 1 percent on Thursday, tracking their peers in developed markets helped by robust U.S. data and dovish Fed minutes, while the yuan firmed…
GLOBAL MARKETS-Stocks and sterling bounce after Brexit bashing
* European stocks open up 1.5 percent after three days of falls
Fog of Brexit clouds outlook for central banks seeking clarity
WASHINGTON, July 7 (Reuters) – For much of this year, the dollar, oil prices, and economic conditions largely behaved as the U.S. Federal Reserve had expected, allowing policymakers to plot further…
UPDATE 1-China banks’ NPLs exceed $299 billion at end May, NPL ratio tops 2 pct-regulator
BEIJING, July 7 (Reuters) – Outstanding non-performing loans (NPLs) in China’s vast banking sector exceeded the two trillion yuan ($299.21 billion) mark at the end of May, a senior banking regulator…
PRESS DIGEST- New York Times business news – July 7
July 7 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
UPDATE 1-Brazil sees 2017 fiscal gap of up to 160 bln reais -lawmakers
BRASILIA, July 6 (Reuters) – Brazil will likely raise taxes lower next year to reduce a key budget deficit to between 150 and 160 billion reais ($48.06 billion), congressman Arthur de Lira told…
S&P puts Australia’s top-notch credit rating on negative outlook
SYDNEY, July 7 (Reuters) – Standard & Poor’s on Thursday downgraded the outlook on Australia’s coveted triple-A credit rating to negative from stable, saying the recent election outcome has weakened…
INSIGHT-China’s innovation economy a real estate bubble in disguise?
* Raises concerns investment is wasted, glut of innovation centres (Adds related content link to photos)
Risks from China banks’ non-performing loans will continue to rise-regulator
BEIJING, July 7 (Reuters) – Risks from non-performing loans at China’s banks will continue to rise in the near term, an official of China’s banking regulator said on Thursday.
GLOBAL MARKETS-Asia stocks bounce, Aussie dollar hit by ratings blow
SYDNEY, July 7 (Reuters) – Asian share markets crept higher on Thursday after upbeat U.S. economic data took some of the sting out of the latest Brexit scare, while the Australian dollar slipped as…
UPDATE 1-S&P warns of possible downgrade to Australia’s coveted rating, cuts outlook
* Gives one-in-three chance of ratings downgrade in next two years
BRIEF-Seneca Foods Corp enters third amended and restated loan and security agreement
* Credit facility initially bears interest at libor plus 1.25% which is equivalent of approximately 1.70% at july 5, 2016
BRIEF-Senseonics Holdings enters into term loan agreement with Oxford Finance and Silicon Valley Bank
* Enters into term loan agreement with Oxford Finance LLC and Silicon Valley Bank
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