OCI Global reports sharp drop in revenues and earnings, sells off fertilizer assets
AMSTERDAM: OCI Global, a leading producer and distributor of nitrogen fertilizers and industrial chemicals, announced its financial results for the fourth quarter and full year...
Aperam reports lower earnings and shipments in 2023 amid market crisis
AMSTERDAM: Aperam, a leading global stainless steel producer, announced its results for the full year and the fourth quarter of 2023, showing a decline in...
ArcelorMittal reports strong results for 2023 despite challenges
AMSTERDAM: ArcelorMittal, the world’s leading integrated steel and mining company, today announced its financial and operational results for the year 2023, highlighting its resilience and...
SHUAA-led consortium buys out AED 1.13 billion debt of Dubai-based Stanford Marine Group
UNITED ARAB EMIRATES: SHUAA Capital has successfully completed a debt buyout of Stanford Marine Group’s (SMG) AED 1.13 billion (USD 308 million) facility, resulting in...
Greenlane Renewables announces framework agreement to reduce outstanding debt
VANCOUVER: Greenlane Renewables Inc. announced the execution of a Framework Agreement with Pressure Technologies plc (PT), Creation Partners LLP and Brad Douville. Through the Framework...
Lattice Biologics coverts debt into equity
BELGRADE: Lattice Biologics Ltd. has obtained TSX-V approval to issue 16.76 million common shares of the company to settle outstanding debt. Can$838,000 in debt held...
AT&T announces settlement of Euro and USD bond issuances and early repayment of debt
DALLAS: AT&T Inc. continues to actively de-risk its capital structure, extending debt maturities at historically low coupons. On May 27, 2020, AT&T closed its sale...
S&P revises outlook on Powerlong to stable from negative
HONG KONG: S&P Global Ratings has revised its outlook on Powerlong to stable from negative given enhanced debt control. At the same time, S&P affirmed...