Giulia Morpurgo

The nation’s vineyards were already grappling with a changing climate and changing tastes. A spike in borrowing costs makes their lives even more difficult.

(Bloomberg) -- A visit to Cantina Torrevilla's winemaking site just south of Milan is a chance to get a real flavor of the problems confronting this cherished old Italian industry.

(Bloomberg) -- A visit to Cantina Torrevilla's winemaking site just south of Milan is a chance to get a real flavor of the problems confronting this cherished old Italian industry. On a cloudy, damp-feeling October day the producer collective's boss Massimo Barbieri speaks with pride about the grape quality for 2024's premium La Genisia wines. But it hasn't been an easy vintage.

A group of investors in Thames Water's riskiest debt are organizing with a law firm to advise them in talks with the company.

(Bloomberg) -- Swedish debt collector Intrum AB expects to file for Chapter 11 bankruptcy protection in the US next month as it seeks to restructure a debt pile totaling 58.4 billion kronor ($5.5 billion).Most Read from BloombergInside the ‘Utopias’ of Mexico CityOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedCities Look to AI to Flag Residents’ Trash and Recycling MistakesChicago Should Consider Furloughs, Higher Booze Tax, Watchdog SaysA Broken Oil Pipeline Plunges South Su

(Bloomberg) -- Swedish debt collector Intrum AB expects to file for Chapter 11 bankruptcy protection in the US next month as it seeks to restructure a debt pile totaling 58.4 billion kronor ($5.5 billion).

The end of rock-bottom interest rates has made it harder for struggling companies to access new funds. So they've been seeking out new ways to deal with their debts. Often, this means exploiting loopholes in their bond or loan documentation to favor one set of creditors over another. The company survives, but lenders left out in the cold can end up with heavy losses.

(Bloomberg) -- Thames Water Utilities Ltd. unveiled a plan Friday seeking to raise up to £3 billion ($3.9 billion) from some of its creditors as it struggles to stave off insolvency while negotiating a lasting solution.

(Bloomberg) -- Ares Management Corp. and a group of banks is funding KKR & Co.'s buyout of a minority stake in Italy's Enilive. Most Read from Bloomberg

Ares Management Corp. and a group of banks is funding KKR & Co.’s buyout of a minority stake in Italy’s Enilive.