WASHINGTON Low-Earth-orbit satellite fleet operator Globalstar is meeting with telecom regulators around the world in an effort to globally authorize some of its satellite spectrum for mobile broadband services. Jay Monroe, Globalstars chairman and CEO, said Feb. 22 that the company has met with regulators in more than 30 countries to gain approval for terrestrial…
The Financial Conduct Authority (FCA) has declared troubled wealth firm Beaufort Securities Limited (BSL) and sister company Beaufort Asset Clearing Services Limited (BACSL) insolvent. The high court has appointed Russell Downs, Douglas Nigel Rackham and Dan Yoram Schwarzmann of PricewaterhouseCoopers (PwC) as joint administrators of BSL and special administrators of BACSL after an urgent application…
NEW YORK (Reuters) – The U.S. Department of Justice on Friday announced the indictment of six people and four corporate defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in international securities fraud and money laundering schemes totaling more than $50 million. U.S. announces 10 indictments in international fraud scheme The U.S. Securities…
FILE PHOTO: The U.S. Department of Justice headquarters building in Washington Thomson Reuters NEW YORK (Reuters) – The U.S. Department of Justice on Friday announced the indictment of six people and four corporate defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in international securities fraud and money laundering schemes totaling more than…
The British division of toy store chain Toys R Us has filed for bankruptcy, endangering more than 3,200 jobs. The chain’s American and Canadian stores were already declared bankrupt last year. Restart Toys R Us operates 105 stores in the United Kingdom and employs more than 3,200 people. The stores will remain open for the time being,…
Brazil’s embattled infrastructure conglomerate Odebrecht is preparing a corporate restructuring, paving the way for its units to sell shares via public … Subscriber-Only Content BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. Unique ContentUp-to-the-minute and field-proven industry news in…
by Jonathan Woetzel China’s investment-led growth model has served it extraordinarily well, setting it on course to become one of the world’s advanced economies. Yet the strains associated with that approach have become evident. Since 2015 the country’s gross domestic product growth has dipped to 25-year lows, corporate debt has soared, foreign reserves have fallen…
Mark Vandevelde and Naomi Rovnick in London February 28, 2018 Electronics chain Maplin collapsed into insolvency on Wednesday, making it the second retailer to succumb to a brutal winter for Britains consumer economy in the space of just over an hour. Graham Harris, who became chief executive only last month, said: I can confirm this…
A Lone Wolf MC drug dealer-turned-police-informant has told how a $76,000 debt prompted him to turn to his accused gun-runner friend. Strike force police pulled the informant, who can only be known as Mr Brown, out of a hotted-up car on Crown Street, Wollongong the afternoon of September 15, 2016. As passers-by stopped to stare, police placed him…
MUMBAI — The fierce competition and price war in India’s telecommunications sector has claimed another victim. Malaysia-based Maxis Communications’ India unit Aircel said Wednesday it had filed for bankruptcy in the local courts. The move by the last surviving small telecom operator signals that the end may near for industry consolidation triggered by the most…