Bankruptcy

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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.

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)

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.

Financials 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.

Financials 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.

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.

Detroit bankruptcy judge tosses hold-out creditor's charges

Aug 28 - A U.S. Bankruptcy Court judge late on Thursday removed allegations made by one of Detroit's remaining hold-out creditors against mediators in the city's historic municipal bankruptcy case.

Stocks, Bonds, Markets, Financials, 28 Aug 2014

US risk council to discuss oversight of nonbank firms on Sept. 4

WASHINGTON, Aug 28 - The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday.

UPDATE 2-Detroit says Barclays agrees to $275 mln financing

(Adds details on bonds, use of proceeds, expert witness report)

Detroit says Barclays agrees to $275 mln financing

Aug 28 - Barclays PLC has agreed to raise up to $275 million to fund Detroit's exit from municipal bankruptcy, according to a notice filed in U.S. Bankruptcy Court by the city on Thursday.

Stocks, Bonds, Markets, Financials, 28 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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