Trafigura joint venture Impala Terminals Group has bought an insolvent oil storage terminal in Rotterdam port as part of an upgrade plan. The trading giant said Impala acquired the HES Hartel Tank Terminal site at auction. No price was revealed, but Trafigura said the facility will be renamed Impala Energy Infrastructure Netherlands. The venture plans…
Trafigura joint venture Impala Terminals Group has bought an insolvent oil storage terminal in Rotterdam port as part of an upgrade plan. The trading giant said Impala acquired the HES Hartel Tank Terminal site at auction. No price was revealed, but Trafigura said the facility will be renamed Impala Energy Infrastructure Netherlands. The venture plans…
Trafigura joint venture Impala Terminals Group has bought an insolvent oil storage terminal in Rotterdam port as part of an upgrade plan. The trading giant said Impala acquired the HES Hartel Tank Terminal site at auction. No price was revealed, but Trafigura said the facility will be renamed Impala Energy Infrastructure Netherlands. The venture plans…
Sinead Cruise and Lawrence White Nov 24, 2023 5.03am Barclays is working on plans to save as much as 1 billion ($1.9 billion), which could involve cutting as many as 2000 jobs, mainly in the British banks back office, a person with direct knowledge of the proposals told Reuters. Managers at Barclays, led by chief…
A free-standing moratorium for financially distressed but ultimately viable companies was introduced in 2020. It is sometimes called a Part A1 moratorium, after the part of the Insolvency Act 1986 which provides for it. The Part A1 moratorium affords companies breathing space to pursue restructuring efforts, by prohibiting most types of creditor action. Despite its…
Trafigura joint venture Impala Terminals Group has bought an insolvent oil storage terminal in Rotterdam port as part of an upgrade plan. The trading giant said Impala had acquired the HES Hartel Tank Terminal site at auction. No price was revealed, but Trafigura said the facility would be renamed Impala Energy Infrastructure Netherlands. The venture…
Barclays is reportedly contemplating a sweeping overhaul that could yield savings of up to 1 billion ($1.25 billion) to enhance profitability. According to Reuters, this initiative may involve shedding as many as 2,000 jobs, primarily in the bank’s back office. Leadership’s review and focus Barclays’ top management, led by Chief Executive C.S. Venkatakrishnan, is actively…
Nov. 24, 2023 12:42 am ET LG Electronics will set up a new sales and marketing entity to oversee international business, part of a series of restructuring moves aimed at boosting the South Korean consumer-electronics makers competitiveness and growth. The Seoul-based company said Friday that its newly established overseas sales and marketing company will manage…
Explore effective debt relief strategies, from settlement to consolidation and counseling, in our comprehensive guide to regaining financial stability. Las Vegas, NV –News Direct– 3D Chess Media Debt relief is a crucial topic for many individuals grappling with financial obligations that seem insurmountable. This comprehensive guide explores the general landscape of debt relief, focusing on…
Another key reason for youth borrowing more is the availability of buy now, pay later service providers, which have become popular in recent years. A lot of (people) are also sold on the idea of a buy now, pay later model. It (seems) embedded into society through social media that it is okay to borrow…