Wed, Mar 14, 2018 – 11:52 AM UPDATED Wed, Mar 14, 2018 – 4:29 PM NOBLE Group and a group of senior creditors have signed an agreement on its proposed restructuring plan, the company said in a filing with the Singapore Exchange on Wednesday morning. The restructuring support agreement (RSA) has been signed by…
FILE PHOTO: Company logo of Noble Group at headquarters in Hong Kong Thomson Reuters By Anshuman Daga SINGAPORE (Reuters) – Commodities trader Noble Group has finalized a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial…
NEW YORK (Reuters) – As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Streets nine-year bull market, one corner of the financial industry is cheering. FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo Debt restructuring experts…
Embattled Noble Group looks like it may be finally out of the woods, after signing a restructuring deal with key creditors, essentially working out a new debt and equity swap while also providing some buffer future trade finance. Noble said in a stock market announcement that the restructuring support agreement (RSA) had been reached with…
SINGAPORE – Noble Group and a group of senior creditors have signed an agreement on its proposed restructuring plan, the company said in a filing with the Singapore Exchange on Wednesday morning (March 14). The restructuring support agreement (RSA) has been signed by the ad-hoc group of creditors, which represents 46 per cent of existing…
Camilla Hodgson March 13, 2018 Greencore, the worlds biggest sandwich maker by volume, shed almost a third of its market value on Tuesday after announcing an unexpected profit warning and the restructuring of its US business. Shares in the FTSE 250-listed group fell 30 per cent after the company, which makes roughly half of all…
Many entrepreneurs have celebrated President Trump’s signature legislative achievement, the 2017 Tax Cuts and Jobs Act, for decreasing their annual tax bills. Indeed, the law reduces the maximum corporate tax rate from 35 percent to 21 percent, and further allows pass-through firms to deduct up to 20 percent of their business income, excepting personal services.…
NEW YORK–(BUSINESS WIRE)–Donlin, Recano & Company, Inc. (Donlin Recano), an AST company a leading provider of corporate restructuring services today announced that Jennifer E. Mercer has joined the firm as Vice President and leader of its Strategic Communications group. In this role, Mercer works closely with internal corporate teams and company advisors to create strategies…
HNA chairman Chen Feng may be seeking a second opinion on the companys overseas investments Global real estate consultancy JLL is teaming up with HNA Group to advise the conglomerate on sound investments, as the indebted Chinese firm looks to sell up to $6 billion in overseas real estate assets. The strategic partnership announced today…
DETROIT (Reuters) — General Motors Co President Dan Ammann said on Monday the automaker’s troubled South Korean operations can be a “sustainable, profitable business,” if unions and the South Korean government agree quickly on a restructuring. GM has warned Korean officials the unit faces a “cash crisis” in the first quarter without new funding. Nearly…