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How an $8.4 Billion Takeover Could Save Noble

How does a company with $262 million in the bank and looming restructuring talks with creditors carry out an $8.4 billion takeover? Ask Noble Group Ltd. Harbour Energy Ltd., an investment vehicle in which Noble had a 75 percent stake in January, is due t ...

Daily Headline - global.abi.org - 11/16/2017 - 23:47 - 0 comments

How Noble Group's Possible Debt Restructuring Could Play Out

What a debt restructuring at Noble Group Ltd. might look like has become an even more pressing question after the beleaguered commodity trader started talks with stakeholders on potential options to address its capital structure. The company said discuss ...

Daily Headline - global.abi.org - 11/15/2017 - 23:40 - 0 comments

What Results Will Say About Embattled Noble Group

For more than two years, the story of whether Noble Group Ltd. will survive or implode has gripped the global commodities industry, Bloomberg News reported. The next chapter gets written on Thursday as the Hong Kong-based trader reports quarterly results ...

Daily Headline - global.abi.org - 11/08/2017 - 22:19 - 0 comments

Noble's Next Battle Will Be Over $3 Billion in Debt

Noble Group Ltd.’s sale of its oil business to Vitol Group probably buys the embattled commodity trader time. But even if it survives long enough to complete the deal, there’s still an almighty struggle ahead: the near-inevitable restructuring of over $3 ...

Daily Headline - global.abi.org - 10/23/2017 - 23:07 - 0 comments

Noble Group Faces 11th Hour Oil-Unit Sale as Stock Is Halted

Noble Group Ltd. suspended its shares from trading in Singapore on Friday pending the announcement of a major transaction, with the commodity trader seeking to clinch a sale of its oil-trading unit in a deal that may be critical to the company’s prospect ...

Daily Headline - global.abi.org - 10/22/2017 - 20:07 - 0 comments

Pressure on Noble Group as Vitol Says Oil Deal ‘Complicated’

Vitol Group’s negotiations to buy Noble Group Ltd.’s oil trading unit are “very complicated” and may not end in a deal, the chief executive officer of Vitol said, adding to pressure on his Hong Kong-based rival, Bloomberg News reported. The sale of the o ...

Daily Headline - global.abi.org - 10/19/2017 - 00:01 - 0 comments

Noble Group Explains Why Gas Sale Earned Less Than Anticipated

Noble Group Ltd., the commodity trader struggling to avoid a default, has set out why it received millions of dollars less from the sale of its North American gas and power unit than the company had previously indicated, responding to queries from the Si ...

Daily Headline - global.abi.org - 10/09/2017 - 20:01 - 0 comments

Moody’s Downgrades HSBC’s Hong Kong Unit

Credit-rating agency Moody’s downgraded HSBC’s Hong Kong unit, citing rising macroeconomic risks in in Hong Kong, China, Australia, Singapore, Taiwan and Malaysia over the last two years. Moody’s downgraded The Hongkong and Shanghai Banking Corp’s long-t ...

Daily Headline - global.abi.org - 09/28/2017 - 14:50 - 0 comments

ISDA Gives Its Verdict On Noble Group CDS

The International Swaps and Derivatives Association (ISDA) committee tasked with making a ruling on the tussle over Noble Group’s credit-default swaps has issued a verdict that could halt attempts to settle the derivatives contracts bilaterally, the Fi ...

Daily Headline - global.abi.org - 09/19/2017 - 21:43 - 0 comments

Noble Shortlists Bidders for $1 Billion Oil Business

Commodity merchants Vitol and Mercuria are on the shortlist to buy Noble Group’s $1bn Americas-focused oil business as the debt-laden trading company scrambles to pay down debt to avoid bankruptcy, the Financial Times reported. Noble has asked the sh ...

Daily Headline - global.abi.org - 09/10/2017 - 16:41 - 0 comments

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