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November 15, 2017 11:40 PM US foundations pledge initial $5M for battered Puerto Rico

SAN JUAN, Puerto Rico – Three major U.S.-based foundations on Wednesday pledged an initial $5 million to help Puerto Rico recover from Hurricane Maria, including the creation of an advisory commission to help guide reconstruction efforts. The announcement by the Rockefeller Foundation, the Open Society Foundations and the Ford Foundation comes nearly 19

November 11, 2017 12:59 AM Alleged Drug Kingpin Leads Venezuela’s Debt Restructuring Effort

Facing prospect of biggest default in history, country calls meeting few if any creditors can legally attend CARACAS, Venezuela—Meet the team in charge of the most complex bond restructuring in recent history: a former military officer, a one-time geography professor, two engineers, a minister under sanctions for alleged corruption and an alleged drug kingpin 28

November 8, 2017 5:01 PM Houston-area voters continue support for school bonds, construction projects

ACC asks voter in its district to approve $48.5 million for safety and security upgrades, an infrastructure overhaul and construction of a new technical/academic building on the main campus in Alvin. The Spring Branch ISD bond totals $898.4 million. If approved, the majority of those funds will be used to replace nine outdated elementary schools in the district 22

November 8, 2017 3:52 PM RBI Hit List Orders India’s Banks to Act on Big Companies’ Bad Debt

Lenders given year-end deadline to either resolve bad debts for 40 companies or refer them to bankruptcy courts India’s central bank is headed for a collision with some of the country’s largest companies, as it steps up pressure on banks to clean up a chronic bad-debt problem weighing on the country’s economic growth. The Reserve Bank of India has in recent 14

November 8, 2017 12:15 PM ConocoPhillips aims to spend $5.5 billion/year for rest of decade

NEW YORK (Reuters) - ConocoPhillips (COP.N), the largest U.S. independent oil and natural gas producer, said on Wednesday it would spend $5.5 billion annually for the rest of the decade on capital projects as long as oil prices CLc1 stay above $50 per barrel. The Houston-based company also said it expects to pay off more than $4.6 billion of debt by 2020, reducing 24

November 8, 2017 5:15 AM School bond packages draw strong support across Houston

School bonds in Spring Branch, Katy and Lamar districts draw strong support First grade teacher, Susanne Oliver, instructs Jesica Evans, 7, at a SMART Board, an interactive whiteboard, during summer school at Lovett Elementary, 8814 South Rice Ave. ACC asks voter in its district to approve $48.5 million for safety and security upgrades, an infrastructure 32

November 7, 2017 2:40 PM Eastern Europe Set for Strongest Economic Growth Since Crisis

Poland seen growing by 4.1% this year; Romania seen expanding by 5.3% Central and southeastern European economies are on course for their strongest year of growth since the global financial crisis, in part due to a surge in wages and stronger demand from the recovering eurozone, according to forecasts from the European Bank for Reconstruction and Development 16

November 5, 2017 4:11 AM Venezuela Debt Crisis May Offer Political Upside for Maduro

Stopping payments on debt threatens economy but could increase funds earmarked for needed imports CARACAS—A looming debt default for Venezuela, long seen as catastrophic for the country’s oil-dependent economy, may yet provide a vital political boost for embattled President Nicolás Maduro and help him consolidate power in the near term ahead of two crucial 7

November 3, 2017 2:52 AM Cash-Strapped Venezuela Seeks to Restructure Debt

Move raises prospect of showdown with bondholders that could be complicated by U.S. sanctions on key members of Venezuelan administration Venezuela’s president on Thursday said the cash-strapped South American country will seek to restructure its debt, raising the prospect of a showdown with bondholders that could be complicated by U.S. sanctions on key members 24

November 3, 2017 2:00 AM Venezuela says it will seek to restructure foreign debt

President Nicolas Maduro announced Thursday that he will begin restructuring Venezuela's foreign debt, calling it the best way to get around U.S. financial sanctions that he said are crippling the oil-dependent nation. But in a sign that he may be trying to avoid an ugly fight with Wall Street, Maduro also ordered state-run oil company PDVSA to make one last $1.2 billion 104