Newell Brands Announces Restructuring Program – Business Wire

ATLANTA–(BUSINESS WIRE)–Newell Brands (NASDAQ: NWL) today announced a restructuring and savings initiative, Project Phoenix, that aims to strengthen the company by leveraging its scale to further reduce complexity, streamlining its operating model and driving operational efficiencies. We are taking action to simplify and strengthen our organization by leveraging the scale and power of One Newell…

Visits to Zambia by Yellen, IMF reflect concern over stalled debt talks – Reuters

New debt roundtable could aid discussions – Yellen China, private sector reluctant to take ‘haircuts’ Zambia’s per capita income dropped to low-income status LUSAKA, Jan 23 (Reuters) – Two of the world’s most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and…

Zambian president wants quick debt restructuring to aid recovery – Reuters

LUSAKA, Jan 23 (Reuters) – Zambian President Hakainde Hichilema urged the country’s creditors on Monday to agree to a quick debt restructuring to aid economy recovery efforts. Hichilema made the remarks during a visit to Zambia by International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who met Hichilema, Finance Minister Situmbeko Musokotwane, central bank governor…

Is The Government’s Latest Attempt To Revive Insolvency Law Any Good? – BQ Prime

A “project wise” resolution may soon be a reality for real estate insolvencies. The National Company Law Tribunals will have the discretion to admit insolvency against the project in default, rather than the corporate entity as a whole, according to the latest proposals by the Ministry of Corporate Affairs. A “project wise” resolution may soon…