The High Court in Blantyre has blocked the Reserve Bank of Malawi (RBM) from taking over management of a local insurance company, Prime Insurance Limited. Charles Chuka governor of Reserve Bank -Announced take over of Prime Insuarance At a news conference on Friday in Lilongwe, RBM announced it was putting the insurance company under its…
Scotland has made the biggest progress in personal insolvency levels in the UK, with 15 of the 20 most improved areas north of the Border. Overall, personal insolvencies fell by 13% across the UK between the first quarters of 2015 and 2016. Perth had the fourth best improvement with a fall from eight to three…
The Latvian Competition Council has granted permission to Latraps agricultural co-operative to gain a controlling interest in Latvijas Piens dairy company, LETA was told at the council. Upon assessing the takeover deal, the Competition Council concluded that it will not cripple competition in the market. In March, Latraps increased its stake in Latvijas Piens to…
Eddie Hayson’s increasingly desperate world Eddie Hayson leaves the NSW Racing headquarters after giving evidence at the 2013 inquiry into the More Joyous affair. Photo: Kate Geraghty Businessman and brothel owner Eddie Hayson leaves the NSW Racing headquarters after giving evidence at the More Joyous inquiry. Photo: Kate Geraghty. Fadi Ibrahim reportedly came to the…
(Reuters/Alvin Baez) If the Federal Reserve could bail out Wall Street, it can help the 3.5 million American citizens in Puerto Rico improve its economy and lift its children out of poverty. Today, I am calling on the Fed to use its emergency authority under Section 13(3) of the Federal Reserve Act to pave the…
15:35 03/06/2016 MOSCOW, June 3 (RAPSI) The Moscow Commercial Court has declared Yaposhka City company, the operator of Yaposha restaurants, bankrupt, RAPSI reported from the courtroom on Friday. On January 29, the court introduced a monitoring procedure at the company upon the request of Trust Bank. Yaposhka City owes over 1.6 billion rubles ($24 million)…
ZIMBABWE Power Company (ZPC) bosses are stepping up efforts to cancel convicted fraudster Wicknell Chivayos murky multi-million-dollar energy deals which have caused uproar at the company and in public, it has emerged. By Elias Mambo President Robert Mugabe (left) with ex-convict and controversial businessman Wicknell Chivayo. The power-generating firm also wants to cancel the US$5…
KREM Idaho Club. Idaho Club. less SANDPOINT, Idaho The formally privately owned Idaho Club is once again opening up to the public. Its awesome to see golfers out here, said head pro Randi Fischer. The saga of the Jack Nicklaus-designed course is a long one. The old clubhouse burned down in 2008. The courses old…
The judicial administrator of Hiroelectrica, Remus Borza, says that the energy company might exit insolvency June 8, when the next term of litigation at the Bucharest Court is scheduled. Borza stated: I didnt come thinking that I would get retired from Hidroelectrica, altough it would have been an honor, obviously. () so on June 8,…
A junior oil and gas company in Calgary is blaming an order aimed at protecting a rare Prairie bird for its insolvency. LGX Oil + Gas says its daily operations and drilling plans were significantly disrupted when an emergency order under the federal Species at Risk Act took effect in February 2014 that protects the…