SoftBank mobile IPO would help rein in debt, diversify funding – Nikkei Asian Review

TOKYO — By publicly listing wireless subsidiary SoftBank, SoftBank Group would likely be able to rein in its rising debt and diversify its funding channels, in addition to streamlining its operational structure made more complicated by a string of big investments. The Japanese technology giant has burned through cash in recent years with such deals as the…

UK’s Carillion, rail builder and school contractor, collapses as banks pull plug – The Australian Financial Review

by Kate Holton UK contractor Carillion collapsed when banks triggered Britain’s biggest corporate failure in a decade, forcing the government to step in to guarantee public services from school meals to roadworks. The 200-year-old business went into compulsory liquidation at 0600 GMT (5pm AEDT on Monday) after costly contract delays and a slump in new business…

Oil price hike, surge in debt issuance help GCC avert sharp cut in reserves – Khaleej Times

GCC countries were able to avert an otherwise sharper deterioration in their international reserves on the back of an increase in oil prices and a subsequent positive impact on current account balances, Moody’s Investors Service said on Monday. Large sovereign external debt issuance valued at $49.3 billion in 2017, up more than $10 billion from…