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Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter. McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the report said. Unsecured creditors would receive less than 10% of the equity along with warrants, according to one of the people cited in the Bloomberg report.

18 Jan 2020 6:00pm GMT

For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you...

18 Jan 2020 2:42pm GMT

If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...

18 Jan 2020 2:35pm GMT

Chancellor's Brexit plan threatens UK manufacturing and consumer choice, auto industry says

18 Jan 2020 1:50pm GMT

Deal strengthens ties with Beijing as Aung San Suu Kyi faces foreign criticism for Rohingya crackdown

18 Jan 2020 11:18am GMT

Investors heading back into emerging markets are taking a political risk

18 Jan 2020 4:00am GMT