Adds CFO’s comments, details of deal

MEXICO CITY, Oct 13 (Reuters)Mexican cement maker Cemex said in a statement on Tuesday that it has extended repayment dates on about $2.1 billion of credit and will prepay some $530 million in loans, as part of a so-called “green” financing deal.

Cemex also changed some $313 million of dollar-denominated credit to Mexican pesos and around $82 million to Euros in the deal, under which the company incorporated green metrics into approximately $3.2 billion of commitments.

Cemex said the transaction meant it had no important debt maturities through July 2023.

“We are pleased with this transaction, which allows us to improve our debt maturity profile and underscores Cemex’s commitment to sustainability as one of our key strategic pillars,” said chief financial officer Maher Al-Haffar.

The green metrics include reducing net CO2 emissions related to cement products and power consumption from green energy. Performance in respect to the metrics could result in adjustments of interest rate margins of up to 5 basis points, Cemex said.

(Reporting by Frank Jack Daniel; Writing by Anthony Esposito)

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New York City Faces Severe Financial Crisis Amid COVID-19 Pandemic

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Neuberger Berman’s Dyal Capital Partners bought a minority stake in Veritas Capital, a private equity firm with more than $20 billion of assets under management, according to people with knowledge of the matter.

Veritas, run by Ramzi Musallam, invests in companies that are related to government services. That includes aerospace, defense, energy, national security and health care, according to its website. Dyal’s stake is about 10%, one of the people said.

Dyal is extending a deal streak after raising its fourth and largest fund last year, at $9 billion. Its fifth fund is expected to be around the same size, said the people, who asked not to be identified discussing private investments. The new fund is nearing its first close at the end of October, one of the people said. The Neuberger unit competes with Blackstone Group Inc. and Goldman Sachs Group Inc. in the business of taking stakes in asset managers.

Dyal has more than $20 billion under management and stakes in firms including Silver Lake, Vista Equity Partners and Starwood Capital Group.

Veritas raised its first institutional fund in 1998 and has made more than 100 acquisitions. Its assets have grown from about $2 billion at the end of 2012. The firm recently informed investors about the “passive” Dyal minority investment, the people said.

Prior to joining Veritas as a founding member, Musallam worked at a private equity group led by Jay Pritzker and Boston-based private equity firm Berkshire Partners. He started his career at JPMorgan Chase & Co.

Neuberger and Veritas representatives declined to comment.

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The Colorado Department of Labor and Employment has set Oct. 26 as the new deadline by which people on unemployment must certify their eligibility if they want to claim Lost Wages Assistance program payments.

State officials estimate that between 70,000 and 80,000 Coloradans eligible for the program known as LWA have not called or logged into the state’s automated system to certify that they were out of work because of the COVID-19 pandemic during the period the program covers.

That certification is required for people who are collecting state benefits to claim the $300 per week in extra support, up to $1,800 total, for the weeks between July 26 and Sept. 5.

The Federal Emergency Management Agency awarded Colorado $553 million to pay eligible people through the LWA program. So far the state has sent out about $350 million in payments, labor department deputy executive director Cher Haavind said, leading officials to extend the certification period by a few weeks.

“We certainly don’t want these funds to go to waste, and we want individuals who could benefit from these additional funds to take advantage of this program,” Haavind said.

The state is planning an outgoing call and email campaign to reach eligible people.

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(Bloomberg) — The dollar extended gains and U.S. equity futures fluctuated as investors weighed the impact of President Donald Trump’s decision to end stimulus talks until after next month’s election. Asian equities were mixed.

chart, line chart: 30-year Treasury yield trying to convincingly break above 200-day moving average

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30-year Treasury yield trying to convincingly break above 200-day moving average

S&P 500 futures were little changed after the benchmark fell more than 1% overnight. Fresh comments from Trump calling for support for airlines and the Paycheck Protection Program helped reverse earlier losses. Shares saw modest gains in Hong Kong and South Korea and fluctuated in Japan. Treasury yields held overnight declines. Nasdaq contracts earlier retreated after a House panel proposed a series of far-reaching antitrust reforms to curb the power of U.S. technology giants including and Alphabet Inc. European futures pointed lower.


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Elsewhere, Australia’s 3-year bond yield dropped to an all-time low on plans to issue less debt than estimated, while stocks rose after Tuesday’s budget annoucement. Crude oil dropped.

Volatility has picked up this month after Trump contracted the coronavirus and investors weighed the likelihood of a stimulus deal. House Speaker Nancy Pelosi had called on Republicans to get on board with a version of the bill the House passed last week with only Democratic votes. But significant gaps remained between the Democrats’ $2.2 trillion proposal and a $1.6 trillion offer backed by the White House.

“The market rally thus far had really been driven by this unprecedented stimulus from both central banks and governments globally and a large part of that was from the U.S.,” Emily Weis, a macro strategist at State Street Corp., said on Bloomberg TV. The timeline on more American fiscal stimulus “has now been pushed further back.”

Meanwhile, with Trump now out of hospital investors continue to monitor the virus’s impact on economic recoveries

  • If you don’t typically file tax returns and never received a stimulus check, you now have until Nov. 21 to file your information with the IRS in order to get your payment.
  • The deadline extension comes as the tax agency is reaching out to millions of Americans who could still be eligible for the money.
  • The $1,200 stimulus checks were authorized by Congress earlier this year. Lawmakers are still negotiating on a new stimulus package that could include a second round of similar payments.

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If you typically don’t file tax returns and haven’t yet received a $1,200 stimulus check, you now have five more weeks to submit your information to the IRS in order to get your money.


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The IRS announced on Monday that it has extended the deadline for non-filers to Saturday, Nov. 21, from the previous Oct. 15 cut-off date.

The deadline applies specifically to people who do not typically file tax returns, usually because they have little to no income, and therefore do not have their information on file with the IRS.

Those who are eligible to use the non-filer tool include individuals with incomes below $12,200 who were not claimed as dependents by someone else, and married couples who earn less than $24,400. Homeless individuals and families also qualify.

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Those who use the IRS non-filer tool can request their stimulus check payment either by direct deposit or paper check. They can also keep tabs on the status of