Top Treasury Department and Puerto Rican officials are begging the Senate to move quickly on a bill to help the commonwealth handle more than $70 billion in unpayable debt. Funding for public services in Puerto Rico is drying up under the commonwealths shrinking economy and lack of access to credit markets, so leaders are pushing…
Toshiba Corp. plans to keep its personal computer business for the time being, its new president said Thursday, in a shift from the initial plan to integrate it with other partners. After a broad restructuring triggered by its accounting scandal last year, Toshiba, the maker of Dynabook brand PCs, is tilting toward keeping the PC…
Introduction Creditor protection Winding-up process Timescale Future changes Introduction After months of consultation and debate, the Companies (Winding Up and Miscellaneous Provisions) (Amendment) Ordinance 2016 has been published, although an enforcement date is yet to be set. This update focuses on the major changes to creditor protection and the winding-up process brought about by the…
(ATTN: UPDATES with photo) SEJONG, June 23 (Yonhap) — South Korea’s finance minister said Thursday that the government will make all-out efforts to minimize the possible fallout in the local economy from tough corporate restructuring in the shipbuilding sector. “The government will map out plans to support smooth corporate restructuring and business reorganization, and to…
AFP on June 23, 2016, 1:05 pm Gambling-mad Vietnamese put their houses on Euro 2016 Hanoi (AFP) – Football and a flutter go hand-in-hand in Vietnam making Euro 2016 a golden opportunity for fans to enjoy two national obsessions, even for those who have already bet their houses on the beautiful game — and lost.…
Qimiao Fan Nationality: Chinese Profession: World Bank Country Director for Ukraine, Moldova and Belarus until June 30; current director for Bangladesh, Bhutan and Nepal. Education: B.A. and Ph.D. in economics. How to succeed in Ukraine: You have to put your heart and soul into it. You have to really care about the country and the…
Problem gambling in Wales has been described as a “huge hidden problem” by a leading addiction expert. Wynfod Ellis Owen, Chief Executive of Living Room in Cardiff – a centre that helps addicts – has called on the Welsh Government to follow Scotland and England by undertaking research into the issue. There are no Wales-specific…
Jun 23, 2016 6:46 am ET Sign up for the free Morning Ledger, emailed to you each weekday morning. Follow us on Twitter: @CFOJou… Read the full article at: http://blogs.wsj.com/cfo/2016/06/23/the-morning-ledger-american-consumer-credit-reaches-11-year-high/
The headquarters of the European Central Bank (ECB) is illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. Reuters/Kai Pfaffenbach/File Photo The European Central Bank is planning to give euro zone banks non-binding guidance by the end of 2016 or early 2017…
The intellectual property and customer database of womens clothing retailer Meredith & Moore have been sold to another retail group, after Meredith & Moore closed its stores in April. Meredith & Moore customers were informed on Wednesday about the sale of various intellectual property rights associated with the business to Premier Apparel Group. According to…