People in Business – Chron.com
… Read the full article at: http://www.chron.com/business/article/People-in-Business-6763171.php
Cargill’s foray into Ukrainian banks cautionary international business tale – Minneapolis Star Tribune
… Read the full article at: http://www.startribune.com/cargill-s-foray-into-ukrainian-banks-cautionary-international-business-tale/365480591/
Dick Smith NZ staff join creditors’ queue to claw back money owed – Stuff.co.nz
ROBERT KITCHIN/FAIRFAX NZ Dick Smith stores have remained open while receivers and administrators try to get the business sorted for sale. Almost 200 Dick Smith New Zealand staff are owed $353,000 by the company and it is uncertain whether they will get their money. Dick Smith’s administrators McGrathNicol held the first New Zealand creditors meeting…
More businesses go under in 2015 – The West Australian
Significantly more businesses went under last year compared to 2014, led by a rise in company failures from NSW. With 9,573 businesses having gone into administration up to November last year, the numbers for 2015 have already eclipsed 2014’s total of 8,794 companies slipping under, data from the Australian Securities and Investments Commission shows. NSW…
Cryptsy Threatens Bankruptcy, Claims Millions Lost in Bitcoin Heist – CoinDesk
UPDATE 2 (15th January 19:32 BST): The website for Cryptsy has been taken offline. Embattled digital currency exchange Cryptsy is now claiming that it is insolvent. The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m…
Portugal’s central bank relaunches sale of Novo Banco – GlobalPost
Portugal’s central bank on Friday relaunched the sale of Novo Banco, created as part of the rescue of Banco Espirito Santo (BES bank), after a first attempt last year was halted due to unsatisfactory bids. The Bank of Portugal’s Board of Governors said it had “decided to renew the sale process” of Novo Banco with…
Park trying to increase profits raises issue of lacking taxation – Shanghai Daily (subscription)
A recent brouhaha at our citys Gucun Park in Baoshan District, famous for its springtime cherry blossoms, is providing food for thought on the issue of public spaces, and what responsibilities our city and we as local citizens have for supporting these places. The case revolves around the parks decision to rent out a large…
Abengoa Said to Plan Shrinking by 30% to Avoid Insolvency – Bloomberg
Abengoa SA, the Spanish renewable energy firm fighting to avoid bankruptcy, plans to shrink itself by about a third under a business plan aimed at convincing creditors it can survive as a smaller company, according to a person familiar with the matter. The company will reduce revenue by about 30 percent from the 7.15 billion euros…
Insolvency and Bankruptcy Bill: A good step to tackle bad assets – Financial Express
The financial services sector has been reeling under the pressure of mounting bad assets, including failed restructuring attempts, and the situation seems far from over. The proposed Bill on bankruptcy, consolidating the existing scattered laws relating to insolvency of companies, is a noteworthy move by the government for accelerating the winding up process for defaulting…
Waterstone Insolvency’s attempt to overthrow Dick Smith administrators fails – Stuff.co.nz
ROBERT KITCHIN/FAIRFAX NZ Dick Smith stores have remained open while receivers and administrators try to get the business sorted for sale. Almost 200 Dick Smith New Zealand employees are owed $353,000 by the company and it is uncertain whether they will get their money. Dick Smith’s administrators McGrathNicol held the first New Zealand creditors meeting…