Shutterstock photo FRANKFURT, Nov 3 (Reuters) – Siemens’ chief executive has defended the German industrial group against government accusations that its planned job cuts could encourage right-wing populism in economically weak areas of the former East Germany. Siemens may cut thousands of jobs in an overhaul of its power and gas business, which…
So far, reservations have been raised mostly on the threshold of 1,000 default that can trigger insolvency proceedings Kolkata, November 3: The Centre is likely to introduce the first set of insolvency regulations relating to corporate guarantors and individual businesses that include proprietorships and firms, Ranjeeta Dubey, Deputy General Manager, Insolvency and Bankruptcy Board of…
“This is a game-changer. Before the announcement, the will of Venezuela to pay was strong,” Moya-Ocampos said. “The fact that this restructuring is not accompanied by an economic reform plan tells us we can’t say that anymore.” PDVSA also delayed an $81 million bond payment that was due Oct. 12 under a 30-day grace period.…
FRANKFURT, Nov 3 (Reuters) – Siemens’ chief executive has defended the German industrial group against government accusations that its planned job cuts could encourage right-wing populism in economically weak areas of the former East Germany. Siemens may cut thousands of jobs in an overhaul of its power and gas business, which is struggling with low…
On Thursday, at a raucous gathering of loyal supporters in Caracas, President Nicolas Maduro made official what the bond market had been anticipating for years: cash-strapped Venezuela is going to seek debt relief. Blaming the financial sanctions imposed by the U.S. government — and its lackeys in the Venezuelan opposition who lobbied for such measures — Maduro said that a…
A sales manager at an estate agency has been branded as thoroughly dishonest after he pretended to rent out homes which clients were trying to sell. Andrew Boyne demanded holding fees and advance rent for the houses after taking the keys from the office where he worked in Exeter. A family were left homeless after…
The rules for individual insolvency under the Insolvency and Bankruptcy Code are likely to be notified by December. “It will come in a phased manner. At this point, we are trying to cover corporate guarantors. That is our main issue. In the first phase, we are dealing with corporate guarantors…
TWO of Perths dining institutions have been placed into voluntary administration. On Monday afternoon, administrators took over the company behind the Trustee Bar and Bistro on St Georges Terrace and Beaufort Local, which was formerly known as Beaufort Street Merchant. Business owner Scott Taylor said the decision was not taken lightly. There is still some…
WHO-HD × Ankeny Club Is Raising Money to Help Schools Lunch Debt ANKENY, Iowa Ankeny Schools lunch debt currently stands at $39,000 and one group is helping bring the number down. Ankeny Lions Club is donating all of its net profit from a pancake breakfast on Saturday. Lions Club Vice President Keith Krueger said when the…
Kolkata, Nov 3: The Centre is likely to introduce the first set of insolvency regulations relating to corporate guarantors and individual businesses that include proprietorships and firms, Ranjeeta Dubey, Deputy General Manager, Insolvency and Bankruptcy Board of India (IBBI), said. According to her, this will be the first phase of the regulations. Notification of rules…