Clive Palmer staves off Yabulu nickel refinery closure by removing administrator – Sydney Morning Herald

Bankruptcy

Clive Palmer’s nickel refinery outside Townsville. Photo: Glenn Hunt Clive Palmer has retaken control of his troubled Yabulu nickel refinery sidelining the administrator after disclosing conditional funding had been arranged to avoid its closure. On Monday the business obtained $23 million which has been secured against assets in other parts of the Palmer empire, which are believed to include personal assets. The voluntary…

Budget 2016 milestone achievement for India, transforming policy by leaps and bounds – Economic Times

Liquidation

By Asma Chandani After a tumultuous Q1 for global stock markets, investors are increasingly seeking to take advantage of attractive valuations. Bolstered by strong macro fundamentals, the SENSEX closed on Friday with its highest weekly gain in seven years, and the NIFTY just shy of 7,450. Last week, Goldman Sachs reaffirmed its overweight position in…

Antipasto manufacturer Pronto e Fresco in voluntary administration – Foodprocessing

Liquidation

Melbourne-based antipasto manufacturer Pronto e Fresco has entered voluntary administration. SmartCompany reports that Pronto e Fresco Pty Ltd has been operating for more than 15 years, supplying antipasto products such as semi-dried tomatoes, olives and grilled vegetables to major Australian supermarkets, wholesale and retail customers. Receivers and managers from McGrathNicol have commenced a sale campaign…