JSW S.A.

Market news

18 May 2016

JSW S.A.

Energy Minister mentioned that being in trouble listed coal miner company JSW (WSE: JSW) may conduct rights share issue to raise fund. JSW financial needs are now estimated at over PLN 1 bln. The company is currently negotiating a debt restructuring deal with banks. As a result, the valuation of the company fell by 11%

Before the bell: S&P futures -0.33%, NASDAQ futures -0.25%

Foreign investors purchase C$17.17 billion of Canadian securities in March

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