Bankruptcy

Doubts over whether Detroit bankruptcy plan gets job done

DETROIT, Sept 2 Reuters) - Detroit's plan to recover from bankruptcy includes several blueprints for a new future. The only problem is the city, the largest ever to file for bankruptcy, is still a long way from financially healthy and its restructuring plans leave little room for error.

PRESS DIGEST - Wall Street Journal - Sept 2

Sept 2 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

M&A, Bonds, Regulatory News 5:31am BST

KPMG refuses to approve BES accounts, warns of further loss

LISBON, Sept 1 - Auditor KPMG has refused to approve bailed-out Banco Espirito Santo's first-half report and accounts, published on Monday, citing the bank's failure to provide adequate information on its financial position and also warned of possible further losses.

01 Sep 2014

Bahrain Batelco says India ex-partner is bankrupt, seeks $212 mln owed

DUBAI, Aug 31 - Batelco will pursue its former Indian business partner for $212 million it says he owes the company, even though he was declared bankrupt last week, the Bahraini telecom operator said on Sunday.

31 Aug 2014

Part of Espirito Santo empire may try to block sale of insurer

LISBON, Aug 29 - Part of the troubled business empire of Portugal's Espirito Santo family said on Friday it may try to block the planned sale of an insurance company it once controlled, adding to opposition already expressed by a group of investors.

Bonds, Regulatory News, 29 Aug 2014

UPDATE 1-Court grants Saab carmaker NEVS creditor protection

(Adds court decision, defence firm Saab's decision to recall NEVS right to use Saab brand)

29 Aug 2014

Additional Tier 1 market poised for revival

LONDON, Aug 29 (IFR) - Banco Santander and UniCredit will provide the first test of investor appetite for Additional Tier 1 debt in Europe after the asset class was buffeted by serious headwinds during the summer months.

29 Aug 2014

China's big banks to transform Asian high-yield

SINGAPORE, Aug 29 (IFR) - An anticipated deluge of bank capital bonds from China's biggest lenders is expected to change the makeup of Asia's G3 high-yield market, as investors sell PRC property credits in exchange for similarly yielding Additional Tier 1 securities.

29 Aug 2014

Saab carmaker NEVS applies again for creditor protection

STOCKHOLM, Aug 29 - China's National Electric Vehicle Sweden (NEVS), which bought bankrupt car maker Saab in 2012, has made a new application for protection from creditors while it concludes funding talks, a Swedish court said on Friday.

29 Aug 2014

PRESS DIGEST- New York Times business news - Aug 29

Aug 29 - 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.

Bonds, Regulatory News, M&A 29 Aug 2014
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Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

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