One of Australias largest digital services companies has collapsed into liquidation after operating for 15 years. Melbourne technology firm Exa Web Solutions, which specialises in website development and digital marketing, called in liquidators earlier this week, according to The Herald Sun. Exa Web Solutions was founded in 2000 and employs around 350 web developers and…
Bulgarian businessman Tsvetan Vasilev accused controversial lawmaker Delyan Peevski of blackmailing him and asking to take over key companies in return for sparing Corporate Commercial Bank (Corpbank or KTB) back in 2014. Loans taken out by the lawmaker from the Movement for Rights and Freedoms (DPS) at the time when Corpbank was placed under special…
Almost half of Canadians are just $200 or less a month away from being unable to pay their bills or other debt obligations, a poll from Ipsos Reid on behalf of MNP, a personal insolvency practice, has found. About one in four say they dont make enough money to cover their bills or debt at all. SEE ALSO:…
MUMBAI: India’s oldest steelmaker Tata Steel is looking to restructure its domestic business to reduce costs and increase productivity as poor demand and heightened competition from imports have shrunk profits, according to several people familiar with the matter. Restructuring at Tata Steel will take place across all business functions such as human resources, production, transportation,…
The Zimbabwe government has ordered seven diamond companies in the Marange area of eastern Zimbabwe to immediately stop all mining activities, a month after complaining about their opaque operations. Mines and Mining Development Minister Walter Chidhakwa said the firms were operating illegally after the expiry of their joint-venture permits with the state. It has since…
Harare The Zimbabwe government has ordered seven diamond companies in the Marange area of eastern Zimbabwe to immediately stop all mining activities, a month after complaining about their opaque operations. Mines and Mining Development Minister Walter Chidhakwa said the firms were operating illegally after the expiry of their joint-venture permits with the state. It has…
IRVINE, Calif., Feb. 22, 2016 (GLOBE NEWSWIRE) — Sabra Health Care REIT, Inc. (Sabra, the Company or we) (NASDAQ:SBRA) (NASDAQ:SBRAP) today announced results of operations for the fourth quarter of 2015. RECENT HIGHLIGHTS For the fourth quarter of 2015, Normalized FFO, Normalized AFFO and net income attributable to common stockholders per diluted common share were…
(By Paul Virgo). (ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria rescue was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal…
19th February, 2016 by Rupert Millar The founder of Antique Wine Company has dismissed potentially damaging public scrutiny of his finances as exaggerated following the sudden collapse of the businesss franchising arm. The liquidation of Antique Wine Company Franchising (AWCF), which was set in motion last month, has prompted strong criticism of its director Stephen…
Local banks representatives have asked authorities to speed up the personal insolvency laws enforcement. In December 2015, the authorities have decided to postpone the laws enforcement for a year. The banks have also asked the authorities not to rush the voting and implementation of the new law on mortgage loans, which is now…