Bhushan Steel rose 5.05% to Rs 63.40 at 10:30 IST on BSE on media report that the company submitted final proposal for corporate debt restructuring programme. Meanwhile, the S&P BSE Sensex was up 21.89 points, or 0.07% to 29,728.50. On the BSE, 1.86 lakh shares were traded in the counter so far, compared with…
Fairfax Media has announced new cuts to its editorial operations aimed at delivering about $30 million in annual savings. The major structural overhaul will affect newsrooms at The Sydney Morning Herald, The Age, Brisbane Times and WAToday. Managing director of Fairfax’s Australian Metro Publishing division, Chris Janz, said the proposed changes were required to secure…
There is no guarantee that indebted Croatian food group Agrokor can be saved, the restructuring expert appointed to rescue the business said on Tuesday, describing the challenge as one of the toughest in his career. “Time is of the essence. The situation is pretty acute,” Antonio Alvarez III told a news conference to unveil his…
Ultrapetrol (Bahamas) Limited Has Completed Its Court-Approved Financial Restructuring and Emerged From Chapter 11 on March 31, 2017 Tuesday, April 4, 2017 1:00 PM UTC NASSAU, Bahamas, April 04, 2017 — Ultrapetrol (Bahamas) Limited (the Company), a Bahamas corporation, announced today it has successfully completed its court-approved financial restructuring and has emerged from its pre-packaged…
April 04, 2017 09:00 ET | Source: Ultrapetrol (Bahamas) Limited NASSAU, Bahamas, April 04, 2017 (GLOBE NEWSWIRE) — Ultrapetrol (Bahamas) Limited (the Company), a Bahamas corporation, announced today it has successfully completed its court-approved financial restructuring and has emerged from its pre-packaged chapter 11 bankr… Read the full article at: https://globenewswire.com/news-release/2017/04/04/954134/0/en/Ultrapetrol-Bahamas-Limited-Has-Completed-Its-Court-Approved-Financial-Restructuring-and-Emerged-From-Chapter-11-on-March-31-2017.html
Hamilton, Bermuda, April 4, 2017 – Seadrill Limited (“Seadrill or the Company”) announces today that it has reached agreement with its banking group to extend a series of key dates as part of the Company’s ongoing restructuring efforts. The Company has reached an agreement to extend the milestone to implement a restructuring plan from 30 April…
Chinas so-called bad banks are thriving as alternative lenders, evolving from bad-debt managers into some of the countrys largest financial conglomerates just as margins at the big state-owned banks come under pressure. Chinas four centrally controlled asset management companies (AMCs) were set up in 1999 to swallow toxic assets from banks, and have had their…
Shares in the UK chip designer Imagination Technologies have slumped nearly 70% after it said Apple, its largest customer, would stop using its graphics technology in the iPhone and other new products. This is a major blow to the British company, which designs the graphics processors used in smartphones and other electronic devices and relies…
National Debt Relief recently shared in an article published March 17, 2017 some of the reasons why debt is not always a bad thing. The article titled “3 Situations Where Debt Isn’t All Bad” takes a look at some of the situations wherein debt becomes a valuable tool in helping people achieve their financial goals.…
DEBT HELP Around 3.3million people in the UK are in persistent credit card debt CREDIT card companies will have to do more to help customers in persistent debt, under new rules proposed by the financial watchdog. Around 3.3million Brits are in persistent credit card debt paying more in interest and charges than they have repaid…