Time is growing short for Congress to help Puerto Rico out of the worst debt crisis any state or territory of the United States has faced since the Great Depression nearly 100 years ago. By every possible measure, Puerto Ricans are facing a grim present and an even darker future unless Congress offers a helping…
Background In a recent Singapore Court of Appeal case [1] the claimant supplied bunkers to the defendants ship. The terms of the bunker supply contract required payment within 30 days of delivery. Three days before payment fell due, the claimant demanded immediate payment for the bunkers by close of the same business day. The claimant…
Moving diesel from Germany may require rail repairs; Public procurement bill approved in lower house; Zeman stands by Presidential Office’s military head Moving diesel from Germany may require rail repairs Czech diesel oil will not be moved by road from the German storage tanks of bankrupt company Viktoriagruppe. Pavel vagr, head of the Administration of…
Shanghai Exactly a year ago, Premier Li Keqiang set out the case for difficult industrial overhauls. This is not nail-clipping, he warned, its like taking a knife to ones own flesh. The comments recalled his fearsome predecessor Zhu Rongji who eliminated 30 million jobs practically in one go in a clean-up of state enterprises in…
STACY/SQUIRES/FAIRFAX NZ. Kaizuka Eatery and Garden Bar was issued a full on-licence in March 2014 and operated on the licence for about six months before a visit from council licensing officers. Unsecured creditors will likely be left out of pocket after troubled Christchurch bar Kaizuka entered voluntary liquidation. Kaizuka Limited co-owner Dwayne Vaughan last w… Read the full article at: http://www.stuff.co.nz/business/77698738/Creditors-unlikely-to-be-paid-back-following-Kaizuka-bar-liquidation
This time last year shares in G4S were 300p, surpassing their level of 2012, the calamity year in which the firm failed to supply enough security guards to the London Olympics. Ashley Almanza, the chief executive recruited to bring order to the sprawling empire built by predecessor Nick Buckles, seemed to be halfway to success.…
Erika Singleton said she moved her family to Richton Park in 2014 to escape gun violence in her Auburn Gresham neighborhood on the South Side. Though she said she feels safer in the south suburbs, she watched her living expenses, including rent and her children’s activity costs, grow from $500 a month to $2,500. “Honestly, we were…
The American Dream of college education has turned into a nightmare for many saddled with student debt, but momentum is building in Congress for a solution that could benefit workers and employers alike. Rep. Rodney Davis (R-Ill.) is pushing one of two bills that advocate for a small change in federal tax law to help avert billions of dollars…
Get an inside look at Wall Street with StreetInsider Premium. Get your 2-week free trial here Moody’s Investors Service, (Moody’s) has changed Abengoa S.A.’s (Nasdaq: ABGB) probability of default rating (PDR) to Ca-PD/LD from Ca-PD. Concurrently, the corporate family rating (CFR) of Abengoa S.A. (Abengoa), and the senior unsecured ratings at Abengoa, Abengoa Finance, S.A.U.…
Abengoa SAs management is reviewing the terms of a debt restructuring presented by creditors in a bid to avoid insolvency, according to a person with knowledge of the matter. The renewable energy companys chief executive officer and chairman are discussing the proposal with their advisers on Wednesday, said the person, who asked not to be…