Bankrupt Yangzhou Dayang Shipbuilding, a subsidiary of Sinopacific Shipbuilding Group, has held its first creditors meeting on Saturday, more than two months after the yard went under receivership. The local media reported that more than 700 people attended the meeting, including creditors and their representatives, management and staff of the shipyard, the legal and audit…
U.K. leisure carrier Monarch filed for insolvency in Britains biggest-ever airline collapse, leaving the government to arrange the return of 110,000 tourists and marking the third failure of a major European operator in five months. The airline and Monarch Travel Group were placed in administration, leading to the suspension of the Luton, England-based companys operating license,…
(Adds background, information from governors liaison Sobrino) By Stephanie Kelly NEW YORK, Oct 2 (Reuters) – Creditors approached Puerto Ricos government with offers surrounding the U.S. territorys bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. Any offer well review…
Reuters By Stephanie Kelly NEW YORK, Oct 2 (Reuters) – Creditors approached Puerto Rico’s government with offers surrounding the U.S. territory’s bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. “Any offer we’ll review it, and we’ll discuss…
Tamil Nadu Sanjay Vijayakumar CHENNAI, October 03, 2017 00:59 IST Updated: October 03, 2017 00:59 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device…
LAST month credit reference agency Equifax was the victim of a major cyber-attack which saw the personal details of thousands of customers stolen. But what are the credit reference agencies, what information do they hold and what does your credit rating ACTUALLY mean? Alamy Your credit report is vital if you’re going to get the…
Lately, it seems that a day doesnt go by without another gloomy forecast about the retail sector. At the moment, anticipated price hikes are making the headlines, with Brexit, higher inflation, an unstable pound and business rates all being cited as contributing factors. Consumer confidence is another regular theme. The Scottish Retail Consortium recently called…
Collapse of Monarch, which served more than 40 destinations from five UK bases, follows insolvency filings at Alitalia SpA and Air Berlin Plc London: UK leisure carrier Monarch filed for insolvency in Britains biggest-ever airline collapse, leaving the government to arrange the return of 110,000 tourists and marking the third failure of a major European…
British budget carrier Monarch Airlines has declared bankruptcy and halted operations, leaving up to 110,000 passengers stranded abroad after all flights and vacations were canceled. What happened: The company entered administration on Monday, in what is being described as the U.K.s biggest-ever airline collapse, after struggling to keep going amid a p… Read the full…
The eagerly anticipated poll on whether Catalans want independence from Spain turned ugly yesterday with about 800 people injured. Chaotic scenes as ballot boxes were forcibly removed and voters prevented from going into polling stations. Spanish PM Mariano Rajoy continued insisting the operation was not legitimate and that today there was no referendum on self-determination…