NMC in Talks With Lenders to Avoid Administration

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NMC in Talks With Lenders to Avoid Administration

(Reuters) – Troubled hospital group NMC Health said on Monday it is in talks with Abu Dhabi Commercial Bank, seeking to convince it to withdraw an application that the lender had filed proposing that NMC be placed under administration. The resolution with …
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UPDATE 1-Ladbrokes owner GVC cuts estimate for coronavirus profit damage

(Adds shares, detail on Q1 trading, analyst comment, background). April 6 (Reuters) – Ladbrokes and bwin owner GVC halved its estimate on Monday for a monthly hit to profits from the coronavirus-driven shutdown in international sports, sending shares in …
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As Germany reels from coronavirus, some officials debate impact on banks

FRANKFURT (Reuters) – As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of …
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Morningstar downgrades rating on H2O's Allegro fund to 'negative'

LONDON, April 6 (Reuters) – Fund rating company Morningstar said on Monday it had downgraded H2O Asset Management’s Allegro fund to ‘negative’ from ‘neutral’ on concern about risk management at the company. The downgrade comes after a period of …
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Dubai's Emaar Sells 80% Stake in Cooling System for $675M

DUBAI, United Arab Emirates — Dubai’s state-backed developer Emaar said on Monday it sold an 80% share of its district cooling project around the Burj Khalifa, the world’s tallest building, for $675 million as the city-state’s property market suffers from the …
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