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UPDATE 3-Severstal cuts earnings forecast, defers capex - FXStreet.com
MOSCOW, Nov 18 (Reuters) - Severstal, Russia's largest steel maker, cut its 2008 core earnings forecast on Tuesday and said it would defer the majority of its $8 billion 2009-2011 investment programme as market conditions worsened. It cut the 2008 ...

UPDATE 1-Russia TMK seeks state help on debt - Guardian Unlimited
MOSCOW, Nov 18 (Reuters) - Russian steel pipe maker TMK is in talks with state banks to refinance outstanding debt from its $1.2 billion purchase of the U.S. assets of IPSCO, Deputy General Director Vladimir Shmatovich said on Tuesday. "We hope this ...

UPDATE 1-Russia's Severstal seeks state funds for refinancing - FXStreet.com
MOSCOW, Nov 18 (Reuters) - Severstal, Russia's largest steel maker, is in talks with state bank VEB to refinance 75 percent of a $325 million bond due in February, 2009, Chief Financial Officer Sergei Kuznetsov said. Kuznetsov said on Tuesday the ...

Russia's Severstal seeks state funds for refinancing - Forbes
MOSCOW, Nov 18 (Reuters) - Severstal , Russia's largest steel maker, is in talks with state bank VEB to refinance 75 percent of a $325 million bond due in February, 2009, majority owner Alexei Mordashov said. Mordashov, speaking during a Tuesday ...

CORRECTED-Russia's Severstal seeks state funds for refinancing - Forbes
MOSCOW, Nov 18 (Reuters) - Severstal , Russia's largest steel maker, is in talks with state bank VEB to refinance 75 percent of a $325 million bond due in February, 2009, chief financial officer Sergei Kuznetsov said. Kuznetsov, speaking during a ...

Steel maker Evraz seeks $1.8 bln state loan -paper - FXStreet.com
MOSCOW, Nov 18 (Reuters) - Russian steel maker Evraz Group has requested a $1.8 billion loan from state bank VEB to refinance debt incurred to acquire Canadian steel pipe maker IPSCO, Vedomosti business daily reported on Tuesday. The newspaper said ...

Russian govt. approves further $2bln bailout for domestic firms - RIA Novosti
MOSCOW, November 21 (RIA Novosti) - Russia's state development bank Vnesheconombank has approved a further $2 billion to help Russian companies repay their foreign debts amid the global financial crisis, VEB said on Friday. VEB said the funds would ...

Russia 7th Continent owner may have to sell -paper - Reuters
MOSCOW, Nov 18 (Reuters) - The owner of Seventh Continent (SCON.MM: Quote , Profile , Research , Stock Buzz ), Moscow's largest grocery chain, is considering selling the company after failing to meet a margin call from Deutsche Bank (DBKGn.DE: Quote ...

Emerging Market Debt Costs Jump in Week, Hastening IMF Bailouts - Bloomberg
Nov. 21 (Bloomberg) -- Developing nations' borrowing costs rose the most in a month this week, hampering the ability of governments to refinance $1.2 trillion of short-term debt and hastening appeals for international bailouts . The extra yield ...

Sistema could raise up to $2 bln from VEB to pay off foreign loans - Interfax Information Agency
MOSCOW. Nov 17 (Interfax) - Sistema (RTS: AFKS), the largest private sector consumer services company in Russia and the CIS, could apply for up to $2 billion in borrowing at Vnesheconombank (VEB) in order to refinance the holding's foreign loans ...

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Today's Mortgage Terms starting with N

  • Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
  • Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

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