MELBOURNE — As it celebrates 50 years of business with Japan, BHP Billiton mulls the future after four years of restructuring that left “a stronger, simpler company”, according to Chief Executive Officer Andrew Mackenzie. In a wide-ranging interview, The Nikkei spoke with the CEO about BHP’s proposed divestments, possible growth areas and Elliott International’s failed proposal to…
SPEED: Australian Textile Mills chief executive Geoff Parker and factory manager John OConnor last month welcoming the efficiency potential of newly-commissioned, Italian-made Somet looms. PHOTO: Emma Hillier AUSTRALIAN Textile Mills (ATM) is seeking voluntary redundancy applications from 20 of its Wangaratta factory staff and will change some of the ways in which it makes its…
Standard Chartered has completed a 2-year restructuring process, according to regional chief executive Ben Hung Pi-cheng, which has seen the successful sell-off or closure of a number of non-profitable units. In an interview with South China Morning Post, Hung insisted it is now in a strong position to look at expansion, with the focus on…
June 2nd, 2017 Jason Jiang Greater China, Operations 0 comments China Cosco Shipping Holdings has further extended its stock trading suspension today, following a trading suspension by the company since May 17. The Chinese shipping conglomerate has confirmed that it is planning a major asset restructuring and there are still lots of uncertainties in the…
Stock Exchange ReleaseTalvivaara Mining Company Plc2 June 2017 The District Court of Espoo confirmed Talvivaara’s Corporate Restructuring Programme – the development of Talvivaara’s new businesses and acquiring finance continues Talvivaara Mining Company Plc (“Talvivaara” or the “Company”) announces that the District Court of Espoo has today 2 June 2017 given its ruling and…
Jun 01, 2017 11:13 AM IST | Source: CNBC-TV18 As Chandra, completes 100 days in office, CNBC-TV18 learns that he is in process of finalising a structure for the group where all companies will be divided into clusters based on sectors. N Chandrasekaran, the newly-appointed chairman of Tata Group, is planning a massive restructuring exercise…
Barclays has offloaded a stake worth about £2.2bn in its African business as it presses ahead with boss Jes Staleys plan to streamline the bank and focus it on Britain and the US. The FTSE 100 giant has sold a 34pc chunk of Barclays Africa after securing approval for the disposal from the South African government. The deal…
Just days after Fitch downgraded Anil Ambani-owned Reliance Communications (RCom) saying loan default is a real possibility, lenders will meet on Friday to discuss restructuring proposals for the debt-ridden firm. The restructuring proposals could look at all available recast tools like corporate debt restructuring (CDR), strategic debt restructuring (SDR) and Scheme for Sustainable Structuring of…
TOKYO Five years after a painful restructuring that saw significant layoffs, staggering losses and a not-so-surprising exit from the PC market, Sony is back. The giant is riding the recovery of its consumer electronics business towards a nicely balanced profit structure, helped along by its financial services and entertainment operations. For the year ending March…
Beena Parmar Moneycontrol News Bankers will be meeting today to decide on a restructuring plan for debt worth over Rs 42,000 crore owed by Reliance Communications (RCom). After four rating firms recently downgraded the company’s debt, its bad loans are in danger of turning into non-performing assets. Banks are likely to discuss how RCom will use the…