Tue, 13th Apr 2021 10:49
(Alliance News) - The following is a summary of top news stories Tuesday.
COMPANIES
Credit Suisse Group said it has made progress on the wind-down of four supply chain finance funds that were suspended at the start of March following the collapse of Greensill Capital. The bank said it has collected USD2.0 billion from receivables redeemed since March 1. This results in cash and cash equivalent levels currently in the supply chain finance funds amounting to USD2.3 billion. The total cash position, including the USD3.1 billion that already has been distributed to investors, therefore amounts to USD5.4 billion, or more than half of the total assets under management of the four funds at the time of their suspension. As a result, Credit Suisse announced a second cash distribution to investors, amounting to USD1.7 billion, commencing Tuesday. This takes the total distribution so far to USD4.8 billion.
Australia s Woodside Petroleum
sees the military coup in Myanmar as a transitionary
issue that would not affect its drilling in waters off the
Southeast Asian nation, its chief executive said. . | February 24, 2021
Australia s Woodside CEO says Myanmar coup won t affect exploration plans reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Australia's Woodside Petroleum sees the military coup in Myanmar as "a transitionary issue" that would not affect its drilling in waters off the Southeast Asian nation, its chief executive said.