Latest markets & trends headlines
Chinese photovoltaic manufacturer Wuxi Suntech Power Holdings Co., a Suntech Power subsidiary, owes a domestic debt of $2.5 billion to local creditors, according to media reports.
Centrosolar sharholders have approved a debt-for-equity plan that will drastically reduce debt by swapping outstanding liabilities for 5.5 million new company shares as part of a restructuring plan.
The California photovoltaic manufacturer has plans to sell debenture bonds worth $300 million.
Germany-based SolarWorld AG will hold an extraordinary shareholders' meeting on July 11. Losses totaling half of the capital stock have been incurred, according to a recent company statement.
The Federation of German Industry (BDI) and the Federation of German Wholesale, Foreign Trade and Services (BGA) have warned of the loss of thousands of jobs in Germany if the EU Commission imposes anti-dumping duties on...