BAT to close factory in M’sia under restructuring exercise – Business … – The Star Online

This 2011 file photo shows workers at the Petaling Jaya factory. KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) will cease its manufacturing operations in the country under an operations restructuring that will see it sourcing tobacco products for the domestic market from other British American Tobacco group factories regionally. The tobacco firm – whose…

Company directors and insurers call for removal of liability insurance obstacles – The Australian Financial Review

Gabrielle Upton says directors need certainty about whether their insurance can fund their costs to defend a claim. Wolter Peeters by Marianna Papadakis NSW Attorney-General Gabrielle Upton has asked the NSW Law Reform Commission to review insurance laws that could prevent directors and officers from accessing their personal liability insurance. Ms Upton said the laws…

Man charged in Waterbury shooting over gambling debt Republican … – Waterbury Republican American

Man charged in Waterbury shooting over gambling debt BY JONATHAN SHUGARTS REPUBLICAN-AMERICAN WATERBURY A shooting victim became a shooting suspect after police tied him to an attack outside of a Grove Street liquor store that left a man gunshot. George Nelson, who authorities suspect is a member of the Bloods street gang, was charged Wednesday…

Brazil’s Crushing Debt Loads Are Leading to a Restructuring Boom … – Bloomberg

Brazils economic quagmire, with an ever-growing corruption scandal on top of the longest and deepest recession in at least a century, is producing an unprecedented era of corporate debt restructuring in the country. Brazilian debt now accounts for 45 percent of Bank of America Corp.s $137 billion index for distressed emerging-market bonds, compared with less…

Fitch Rates Shinhan Bank’s Basel III Tier 2 Notes at ‘BBB+(EXP)’ – Reuters

(The following statement was released by the rating agency) SEOUL/SINGAPORE, March 17 (Fitch) Fitch Ratings has assigned a ‘BBB+(EXP)’ expected rating to South Korea based Shinhan Bank’s (Shinhan; A/Stable) proposed US dollar denominated subordinated unsecured notes. This is Shinhan’s first offshore issue of a Basel III-compliant Tier 2 instrument. Fitch expects the notes to have…

Federal court takes action against property spruiker – Smart Property Investment

Thursday, 17 March 2016   |   Staff Reporter View Comments Facebook 5 Google + 1 Linkedin 0 Liquidators have been appointed to companies associated with a notorious property spruiker. In a statement today, ASIC announced that the Federal Court of Australia has made orders appointing liquidators to companies associated with Jamie McIntyre and 21st Century land…

Man charged in Waterbury shooting over gambling debt Republican … – Waterbury Republican American

Man charged in Waterbury shooting over gambling debt BY JONATHAN SHUGARTS REPUBLICAN-AMERICAN WATERBURY A shooting victim became a shooting suspect after police tied him to an attack outside of a Grove Street liquor store that left a man gunshot. George Nelson, who authorities suspect is a member of the Bloods street gang, was charged Wednesday…