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United States

Umesh Desai

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Dec 21 2017

India's record share sales bring banks little cheer in the way of fees

MUMBAI/HONG KONG Funds raised in India through share sales reached the most in a decade this year thanks to booming stock markets, but the rush to raise capital while investor sentiment remained bullish pushed dealmakers' fee ratio to multi-year lows.

Dec 14 2017

Lexinfintech slashes U.S. IPO size as China reins in micro-lenders

HONG KONG Chinese consumer lending firm Lexinfintech has slashed the size of its U.S. initial public offering by two-thirds to a maximum possible $151.8 million, following a recent crackdown by Beijing on fast-growing online micro-lenders.

Dec 14 2017

Lexinfintech slashes U.S. IPO size as China reins in micro-lenders

HONG KONG Chinese consumer lending firm Lexinfintech has slashed the size of its U.S. initial public offering by two-thirds to a maximum possible $151.8 million, following a recent crackdown by Beijing on fast-growing online micro-lenders.

Nov 29 2017

Alibaba's jumbo bond deal sets sector benchmark in Asia

HONG KONG Alibaba Group Holding Ltd's newly minted bonds rallied on Thursday after the Chinese internet firm's $7 billion multi-tranche sale attracted a blow-out response and set a precedent for rival companies to follow, analysts said.

Nov 29 2017

HNA Group's credit assessment rating lowered by S&P on tightening liquidity

HONG KONG Indebted Chinese airline to property conglomerate HNA Group [HNAIRC.UL] has had the assessment of its creditworthiness by S&P Global Ratings downgraded as a result of its "aggressive financial policy" and tightening liquidity amid looming debt maturities.

Nov 24 2017

Australian manager Tanarra launches credit fund as banks retreat

SYDNEY/HONG KONG, Nov 24 Australian investment manager Tanarra Credit Partners has entered into the private debt market with an A$285 million ($217.17 million) fund that will lend to non-investment grade borrowers, filling a void left by retreating banks in the Asia-Pacific region.

Nov 23 2017

HNA's offshore unit nears liquidity crunch

HONG KONG, Nov 23 The short-term debts of HNA Group's main offshore fundraising arm are close to outstripping its ability to meet them, according to figures provided in documents for the acquisitive Chinese conglomerate's most recent bond deal, where the unit paid almost 9 percent for a one-year loan.

Nov 17 2017

Chongqing Steel creditors agree to debt-for-equity swap: sources

SHANGHAI/HONG KONG Creditors of Chongqing Iron & Steel Co have voted to accept a debt-for-equity swap plan to restructure nearly 40 billion yuan ($6.04 billion) in debts, sources with knowledge of the matter told Reuters on Friday, giving the state-owned enterprise some reprieve as debt-servicing costs rise.

Nov 16 2017

'It does not get much better than this' for markets: AIA

HONG KONG Synchronized global growth and the likely slow path that the U.S. Federal Reserve will take in raising interest rates and trimming its balance sheet means the market environment "does not get much better than this," the CIO of insurer AIA Group said.

Nov 15 2017

Fighting to survive, Noble Group in talks to ensure liquidity

HONG KONG/SINGAPORE Struggling commodities trader Noble Group has started talks with stakeholders to restructure its debt and secure trade finances in a bid to keep its business running, just weeks after it agreed to sell some assets and flagged a massive loss.

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