Finance news

Tesla

Investors embrace Tesla's debut in ABS market

Name recognition and a robust primary US structured finance market helped ensure an overwhelming reception Thursday for investor darling Tesla’s debut auto-loan ABS.

Greece flag pictures 1

Greece to test appetite with longest comeback deal

Greece will face its biggest bond market test soon as it looks to syndicate its longest trade since it returned from market exile last year.

Gavel

Hedge fund seeks damages over CDS 'fraud'

Hedge fund Solus vowed to keep up its battle against Hovnanian’s controversial debt swap and is seeking damages after a judge last week allowed the transaction to go through.

Finance opinion

When Saudi Arabia ruled OPEC

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This weekend’s OPEC fiasco in Doha underscores Saudi Arabia’s lack of wiggle room in production. Saudi has its back to the wall, financially speaking, caught in the cold and it cannot afford to rein in its output.

Japanese market takes a leap of faith

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I’ve seen some pretty rum things in my time and I can assure you that the behaviour of the Japanese stock markets over the past two days is right up there.

China’s credit-fueled growth gives reason to doubt market recovery

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A look at China’s debt-fuelled growth figures shows we should be a lot less confident about the rest of the global economy and financial markets.

Intel goes from hero to zero

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The announcement that Intel Corp is going into serious retrenchment mode should come as no surprise but it still feels like the cage in which we have lived for the past 30 or so years is being rattled.

Loans

Ford

Ford to extend US$13.4bn loans

Ford Motor is in the market for support to extend US$13.4bn of loans by a further one year period.

Moodys

Early warning for fallen angels: Moody’s

Several EMEA fallen angels have been flagged as showing early warning signs of potential defaults, according to research from Moody’s.

Iheartradio

iHeartMedia hires Moelis to tackle debt burden

iHeartMedia has hired Moelis & Co as a financial adviser, the most significant step yet by the largest owner of US radio stations to deal with its US$21bn debt pile, according to people familiar with the matter.