Debt - CybAI news

08 Aug

Rakuten Likely to Report Narrower Loss as Bond Redemptions Loom

stp2y0 CommentsRAG modelsAKIO, Banking, Bonds, Debt, fintech, Markets, Mickey Mikitani, RAKUTEN BANK LTD, RAKUTEN GROUP INC, regulation, shopping, Technology

Rakuten Group Inc. looks set to report on Friday a narrower loss in the April-June quarter, which would shore up confidence in its ability to pay bonds due through next year.The focus is on billionaire founder Hiroshi Mikitani’s efforts to turn around his four-year-long foray into the saturated mobile market without a single profitable quarter. Investors are also seeking clarity on the Japanese online shopping mall operator’s delayed plan to combine its profit-churning financial arms. Source link lol

07 Aug

Byju’s US Judge Rejects Effort to Stop Payment to India Cricket

stp2y0 CommentsRAG modelsALPHA INC, Byju Raveendran, BYJU'S ALPHA INC, Debt, Delaware, india, industries, law, Markets, Sheron Korpus, startups, Technology

A US judge refused to block a debt payment designed to free Byju’s from an insolvency case in India, telling American lenders to take their complaints about the transaction to a court in the home country of the educational tech firm.US Bankruptcy Judge Brendan Shannon rejected a lender request to block Riju Ravindran, brother of Byju’s founder, from paying more than $19 million to India’s governing board for cricket. A deal to clear the debt enabled Byju’s to win dismissal of an insolvency case in front of a judicial tribunal in India. Source link lol

07 Aug

Lumen Technologies Debt Rallies After Stock Jump, AI Demand

stp2y0 CommentsRAG modelsartificial intelligence, Bonds, Cash Flow, Debt, Earnings, finance, LUMEN TECHNOLOGIES INC, Markets, Technology, Telecommunication Services, US Dollar Spot

Lumen Technologies Inc. debt rallied alongside a meteoric rise in the company’s stock after it announced higher demand for its services as a result of the artificial intelligence boom. The telecommunications company’s 4% bond maturing in 2027 rose 7.5 points on Tuesday to 72 cents on the dollar, according to Trace bond trading data. Notes tied to its Level 3 unit due 2028 jumped 10.5 points to 67.5 cents on the dollar the same day. Source link lol

07 Aug

T-Mobile Postpones $561 Million Wireless Equipment ABS Offering

stp2y0 CommentsRAG modelsBANK OF JAPAN/THE, Bonds, Credit Cards, Debt, Earnings, retail, ROYAL BANK OF CANADA, T-MOBILE US INC, Technology, Wall Street, Wireless

T-Mobile US Inc. is postponing its sale of more than $500 million in asset backed securities supported by wireless equipment plans, according to people familiar with the matter.The deal, which began premarketingBloomberg Terminal last week, was set to price this week, according to an earlier message to investors. T-Mobile’s postponement marks the first notable indication of stress in the ABS market following elevated volatility this week. A maelstrom of economic indicators showing slowing growth, weak earnings from technology companies and a rate hike from the Bank of Japan damaged broader markets and caused Wall Street’s fear gauge to spikeBloomberg Terminal…

07 Aug

WPP Sells $775 Million Stake in PR Firm FGS Global to KKR

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, business, china, deals, Debt, environment, Government, KKR & CO INC, london, Mark Read, Technology, WPP PLC

WPP Plc agreed to sell its stake in communications consultancy FGS Global to KKR & Co Inc. for $775 million as the British advertising agency streamlines its business to make room for investments in newer technologies. The sale of the approximately 50% stake gives FGS Global an enterprise value of $1.7 billion, the company said in a statement on Wednesday. KKR will increase its stake in the company to about 80% from 30%. Source link lol

06 Aug

Ethanol Maker Green Plains Plunges on Bigger-Than-Expected Loss

stp2y0 CommentsRAG modelsAlabama, BANK OF AMERICA CORP, Birmingham, Debt, food, Generic 1st 'DL' Future, Government, GREEN PLAINS INC, Technology, Todd A Becker, VINSON & ELKINS LLP

Green Plains Inc. shares plunged the most in more than four years as the ethanol producer again disappointed investors with lower-than-expected financial results. The company postedBloomberg Terminal a loss of 38 cents a share for the second quarter, double the average analyst estimate compiled by Bloomberg. Revenue fell 28% from a year earlier amid lower prices for corn-based ethanol and dry distillers grains used in livestock feed. Source link lol

06 Aug

China Vanke Sales Slump Extends, Adding to Debt Woes

stp2y0 CommentsRAG modelschina, CHINA REAL ESTATE INFORM-ADR, China Renminbi Spot, Debt, economics, finance, Government, JULY SARL/CAEN, Markets, Real Estate, Technology

China Vanke Co.’s sales slump extended in July, adding to liquidity pressure at the developer that’s become the latest focal point of the nation’s property crisis. Contracted sales for the month slumped 13% from a year earlier to 19.2 billion yuan ($2.7 billion), following a 29.3% slide in June, corporate filings show. The total was 24% lower on month. Source link lol