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SAS Defers $26.4M Bond Interest Payment Amid Restructuring

Scandinavian airline SAS said Thursday that it will defer paying out approximately $26.4 million of interest due to bondholders in April as it deals with its U.S. Chapter 11 bankruptcy proceedings caused by pilot strikes and COVID-19 restrictions. ....

Najiyya Budaly ,

Glencore Offers To Buy Teck Investors Out Of Coal Exposure

Anglo-Swiss commodities giant Glencore PLC has offered to buy shareholders in Teck Resources Ltd. out of their coal exposure, after the Canadian mining company rejected an earlier bid because it breached environmental commitments. ....

Najiyya Budaly , Teck Resources Ltd , Teck Resources ,

UK Launches Probe Into EDF Bid For GE's Nuclear Turbines

Britain's antitrust authority said Thursday that it is launching a formal investigation into the proposed acquisition by Électricité de France of General Electric's nuclear steam power business to assess whether the deal would weaken competition. ....

United Kingdom , Najiyya Budaly , General Electric ,

Swiss Watchdog Calls For More Powers After Credit Suisse

Switzerland's financial regulator called for more powers on Wednesday to handle scandal-ridden banks, after it brokered a $3.2 billion deal with UBS AG to save troubled Credit Suisse Group AG from failing amid a string of losses, misconduct and litigation. ....

Najiyya Budaly , Credit Suisse Group , Ubs Ag , Suisse Group ,

Swiss Prosecutors Probe UBS Takeover Of Credit Suisse

Switzerland's federal prosecutor's office has said it has opened an investigation to establish whether criminal offenses took place during UBS Group AG's state-brokered $3.2 billion takeover of stricken rival Credit Suisse AG. ....

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