SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with the ...
Read More »Energy’s drunken-sailor legacy hits plan for debt rescues
Bloomberg Debt-laden energy companies that still don’t have a financial escape plan in place are running out of time and willing lenders even after oil doubled from its February lows. Crude prices topping $50 a barrel helped to ease pressure on distressed energy companies, allowing at least 27 issuers to sell $16 billion of junk-rated bonds in last year’s ...
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