Central banks have financial markets in a spin. Government bonds rose, the euro slid and equities fluctuated as investors waited to see if European Central Bank President Mario Draghi will satisfy heightened speculation on further stimulus measures. U.S. stock-index futures climbed. South Koreas won rallied after policy makers refrained from lowering borrowing costs, New Zealands…
WASHINGTON – Sens. Ron Wyden and Jeff Merkley, D-Ore., along with Sens. Patty Murray, D-Wash., Elizabeth Warren, D-Mass., Richard Blumenthal, D-Conn., and Richard J. Durbin, D-Ill., and 29 Senate Democrats sent a letter to President Obama on Wednesday, urging the administration to protect students who attended colleges or universities that engaged in unlawful, unfair, deceptive…
Abengoa SA said it has laid the groundwork for an agreement with creditors to restructure debt as it maneuvers to avoid becoming Spains largest corporate insolvency. Investors will provide financing of as much as 1.8 billion euros ($2 billion) to the renewable energy company in exchange for 55 percent of its capital, Seville, Spain-based Abengoa…
The ethically questionable practice of nominating industrialists with dubious reputation to Parliament haunted Rajya Sabha on Thursday morning. As House proceedings started on 10 March, Naresh Agrawal of Samajwadi Party raised the issue of UB Group Chairman Vijay Mallya essentially “absconding” from law. Should he continue to be a Parliamentarian? According to Agrawal, the issue…
JOHN KIRK-ANDERSON Stonewood Homes founder Brent Mettrick has appointed liquidators to the building firm’s shareholder company. Stonewood Homes’ shareholder company has been placed in liquidation, a move that will put the firm’s senior management under scrutiny. Stonewood Homes founders Brent and Sue Mettrick asked Ernst & Young liquidators Rhys Cain and Rees Logan to take over Holmfirth Group Ltd on Thursday. Holmfirth Group Ltd,…
* Creditors to lend up to 1.8 bln euros under draft plan * Existing creditors would get 35 percent of company * Existing shareholders’ stake would be cut to 5 percent (Adds details, background) By Sonya Dowsett MADRID, March 10 Debt-laden engineer Abengoa said on Thursday it had agreed a draft rescue plan with creditors…
A homewares business that had been operating for just over 20 years has collapsed into liquidation. Earthborn Pty Ltd appointed external managers late last month, with David Stimpson and Terrence Rose from SV Partners appointed joint liquidators. Earthborn has more than 10 retail stores across Queensland, including in the Indooroopilly Shopping Centre, Westfield Clarindale and…