BRUSSELS/ATHENS The euro zone turned its attention tentatively on Monday to helping Greece tackle its huge debt repayments, with a view to a deal on May 24, after Greek lawmakers passed unpopular pension and tax reforms one critic called “a tombstone for growth”. The preliminary talks, which are likely to focus on ideas to cap…
May 9 Abelco AB : * Board of subsidiary Abelco Nordic AB has in the district court in Uddevalla requested that the company be declared bankrupt Source text: bit.ly/1Okaz87 Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSL5N18644P
NRG Energy announced the conclusion of the GreenCo process on its first-quarter earnings call this week, with the majority interest sale of NRG EVgo to investment firm Vision Ridge Partners and a restructuring of NRG Home Solar that will result in layoffs involving 500 employees. With the restructuring, the residential solar business will move back…
German Economy Minister Sigmar Gabriel presents the spring economic outlook at a news conference in Berlin, Germany, April 20, 2016. Reuters/Hannibal Hanschke German Vice Chancellor Sigmar Gabriel said on Monday euro zone finance ministers should start talks on debt relief for Greece, warning that further austerity measures would crush the green shoots of its recent…
BERLIN (Reuters) – German Vice Chancellor Sigmar Gabriel said on Monday euro zone finance ministers should start talks on debt relief for Greece, warning that further austerity measures would crush the green shoots of its recent economic recovery. “We must help the country to reduce its debt burden,” Gabriel said in a speech in Berlin,…
Murderer sued by victim’s son is declared bankrupt 9 May 2016 From the section Tayside and Central Scotland Image copyright Supplied Image caption William Kean is serving a life sentence for the murder of Jenny Methven A convicted murderer has been declared bankrupt after being sued for damages by his victim’s family. William Kean is…
German Vice Chancellor Sigmar Gabriel urged euro zone finance ministers to start talks on debt relief for Greece, saying it made no sense to crush the green shoots of economic recovery with further austerity measures. The finance ministers of the euro zones 19 countries are due to meet in Brussels on May 9 to discuss…
Creditors of the troubled KVV Liepajas Metalurgs metallurgy company are seriously considering the possibility of filing an insolvency claim against the company, Latvian Economics Minister Arvils Aseradens (Unity) said on the public Latvian Radio on May 6th, cites LETA. He said the Economics Ministry was working on possible scenarios for further actions by the Latvian…
What is refreshing about the new policy framework to resolve insolvency and bankruptcy in corporations is that it doesnt seek to rescue a business at any cost as existing regulations, such as a SICA, attempt to do. (Reuters) The efficacy of any mechanism can be gauged only after it has been put in place…