(Picture: Kate Bingaman-Burt/Instagram) Credit cards can be incredibly useful. They earn you Airmiles. They can buy you a little time when it comes to funding new kitchens and tickets. They can save your life abroad. So much of getting better is admitting that you can’t do everything alone But they can also lumber you with…
May 22 Business-intelligence Of Oriental Nations Corp Ltd * Says it halts asset restructuring plan Source text in Chinese: bit.ly/2qb0vs0 Further company coverage: (Reporting by Hong Kong newsroom) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In IT Services & Consulting ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems,…
In the past year, the global corporate default rate reached its highest level since the 2008 financial crisis, and continues to climb. In response, both Singapore and the European Union are exploring new approaches to debt restructuring inspired by Chapter 11 of the United States Bankruptcy Code, which has successfully revived corporations like Chrysler and…
KUALA LUMPUR: UMW Oil and Gas Corp Bhd (UMW-OG) is determined to return to the black and is currently restructuring its debts, said president Rohaizad Darus. He said the demerger exercise between UMW-OG and UMW Holdings Bhd, which was approved by shareholders recently, provided support to the company and for a more structured debt restructuring…
Cathay Pacific Airways confirmed on Monday morning it will shed almost 600 staff from its head office, in the biggest round of job cuts by Hong Kongs flagship carrier in 20 years. The airline said most of its restructuring will be finished by 2017, citing changing customer habits and a challenging business environment as causes.…
22 May 2017 An estimated 3-minute read NCLAT Defines the Scope and Extent of the Corporate Debtors Right to Contest Admission of Insolvency Applications Filed by Financial Creditors by Cyril Amarchand Mangaldas In a landmark judgment recently delivered by the National Company Law Appellate Tribunal (NCLAT) in the case of Innoventive Industries Limited v. ICICI…
If youre struggling with runaway debt, be careful who you turn to for help. Theres no shortage of debt management firms promising rapid solutions to overwhelming debt. Their services typically include bankruptcy advice, formal and informal debt agreements and debt consolidation. Others advertise cleaning, repairing, or washing away default listings on personal credit reports. For…
A far cry from the once-lavish lifestyle Tommy Cannon has been declared bankrupt. The 78-year-old comedy star admitted he had been living hand-to-mouth for a decade, but shrugged off the bankruptcy, filed in Birmingham this week, saying: Its embarrassing but just one of those things. In the 1980s, he and Bobby Ball attracted TV audiences…
By Reuters Published: 08:03 +10:00, 22 May 2017 | Updated: 08:03 +10:00, 22 May 2017 e-mail BERLIN, May 22 (Reuters) – German Foreign Minister Sigmar Gabriel, a Social Democrat, demanded on Monday that the euro zone make a concrete commitment on debt relief to Greece, effectively criticising conservative Finance Minister Wolfgang Schaeuble’s tough stance. Eurogroup…
ATHENS: Greece told its EU-IMF creditors Sunday there should be no excuse for delays to debt relief payments now that Athens has fulfilled its obligations with new austerity cuts.The appeal came on the eve of a meeting of euro zone finance ministers in Brussels that will discuss the issue.Our country by adopting the new measures…