Inbal Or today presented herself at the to the offices of the Israel Tax Authority for further interrogation concerning the issuing of false invoices and tax evasion allegedly amounting to millions of shekels. Apartment purchasers are also making allegations against her of fraud. Court petitions were filed today for the appointment of a temporary receiver…
Making or having lots of money is not equal to making a profit in business. Most businesses close because of different cash mirages that occur leading to failure to optimise their business. In this article, we are going to identify three different mirages that can occur to a business which then obstruct its ability to…
In the early days, Raymond Ackley, like so many others, believed he could count on receiving his severance payment. That was back in 2010 when he got swept up in one of the many rounds of layoffs instituted by Nortel Networks, his employer for 27 years. Today the 62-year-old Cary resident is among legions of…
The Supreme Court is the latest entrant into the banking crisis, with a demand for names of defaulters. This is suo moto action by the Supreme Court, prompted by the public outrage about the costs to the public imposed by the Indian banking system. But solutions to India’s banking crisis lie in legislative…
Wall stPhoto Credit: shutterstock For twenty four years the Clintons have orchestrated a conjugal relationship with Wall Street, to the immense financial benefit of both parties. They have accepted from the New York banks $68.72 million in campaign contributions for their six political races, and $8.85 million more in speaking fees. The banks have earned…
The Brazil’s state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. Reuters/Sergio Moraes China’s loan to Brazil’s Petrobras announced Friday is for $5 billion to $10 billion and can be paid in cash or oil at China’s request, and may help pay the bulk of the $12 billion in…
(Adds Abengoa comment, details on staff, state of play of negotiations with creditors) By Julien Toyer and Jose Elías Rodríguez MADRID Feb 26 Indebted Spanish energy firm Abengoa, on the brink of becoming the country’s largest ever bankruptcy, does not have enough cash to pay February wages, its chairman told local employees in an emailed…
NEW DELHI: The Joint Committee of Parliament examining the Insolvency and Bankruptcy Code, which seeks to provide an easy exit option for insolvent and sick companies, was today given an extension till the begining of the second part of the budget session to present its report. A motion in this regard was moved by B…
INDEPENDENCE, Ohio–(BUSINESS WIRE)–GrafTech International Ltd. today announced financial results for the fourth quarter and full year ended December 31, 2015. On August 17, 2015, GrafTech became an indirect wholly-owned subsidiary of Brookfield Asset Management Inc. (NYSE:BAM) (TSX:BAM.A) (Euronext:BAMA). In accordance with GAAP and using business combination accounting guidelines, results for the full year 2015 are…
Europes conflicting insolvency rules create uncertainty among investors, discourage cross-border investment and delay the restructuring of companies facing financial difficulty, writes Paul McGhee. Ironing out these inconsistencies will give businesses a better chance of bouncing back and deliver growth to the real economy, he argues. Paul McGhee is Director of Strategy at the Association for…