BUENOS AIRES (Reuters) – Argentina’s government unveiled a modified debt restructuring proposal on Sunday and set a deadline of August 4 for creditors to accept it, adding some key sweeteners as it appears to calm recent tensions with the bondholders and come to an agreement. FILE PHOTO: The President of …
Read More »Banks urge Britain and the EU to resolve access to the financial market
LONDON (Reuters) – Britain and the European Union must advance access to the EU financial market, as the coronavirus crisis will make it even more difficult to deal with a possible disruption if there is no agreement, the lobby said Monday. AFME bank. FILE PHOTO: Flags of the European Union …
Read More »Factbox: struggling Canadian energy companies face debt pressure
WINNIPEG, Manitoba / TORONTO (Reuters) – Canadian energy companies have about Cdn $ 6 billion ($ 4.42 billion) in refinancing needs this year, the Bank of Canada says. FILE PHOTO: Oil pipeline warning signs are seen on a fence in “Refinery Row” outside of the facilities managed by Enbridge, Kinder …
Read More »Record debt overdue for Canadian oil patch after five years of crisis
WINNIPEG, Manitoba / TORONTO (Reuters) – Six years ago, Canadian oil services firm Calfrac Well Services (CFW.TO) had a market value of C $ 2.1 billion ($ 1.55 billion) and was ready for expansion in the US. FILE PHOTO: An oil and gas pump jack is seen near Granum, Alberta, …
Read More »BoE Governor Warns Lenders About Challenges Of Negative Interest Rates
FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photo on the first day of his new role at the Central Bank of London, Britain, March 16, 2020. Tolga Akmen / Pool via REUTERS (Reuters) – Bank of England (BoE) Governor Andrew Bailey wrote a letter to lenders …
Read More »