By Anshuman Daga Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. Monday’s…
Chinas US$60 billion chemical giant Sinochem Group is eyeing overseas merger and acquisition opportunities and plans to introduce strategic investors in three to five years for its business arms, according to company chairman Frank Ning Gaoning. The state-owned enterprise (SOE) will focus on bulk petrochemical and downstream products, develop high value-added materials and life science…
SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. The company logo of Noble Group is displayed at its office in Hong Kong, China January 22,…
BM Accounting Limited are proud to have been supporting the best commercial and agri businesses in Hawke’s Bay for the past two decades. The firm has recently moved into brand new offices in the Village Exchange complex, right in the heart of Havelock North. This space has been custom designed to support businesses in Hawke’s…
Whenever two giant companies come together, you have to assume there are going to be some early headaches as the newly combined entity goes through the initial restructuring and builds a coherent long-term strategy. That seems to have been the case with Baker Hughes, a GE Company‘s (NYSE: BHGE) most recent quarterly results. (Side note:…
Whenever two giant companies come together, you have to assume there are going to be some early headaches as the newly combined entity goes through the initial restructuring and builds a coherent long-term strategy. That seems to have been the case with Baker Hughes, a GE Company‘s (NYSE:BHGE) most recent quarterly results. (Side note: We’re…
The Company’s shareholders will vote on whether to approve the spin-off of two of the Company’s wholly-owned subsidiaries, SkyPeople Foods Holdings Limited (BVI) (“SkyPeople BVI”) and FullMart Holdings Limited (BVI) (“FullMart”), through a pro rata distribution of the ordinary shares of each of SkyPeople BVI and FullMart to holders of the Company’s common stock (the…
Police Scotland is looking into reports it has received about Royal Bank of Scotlands treatment of small business customers. The Scottish police force did not reveal how many reports it had received or the nature of the complaints but it is reported to be related to the banks now defunct global restructuring group (GRG). GRG…
Concordia International Corp., stumbling under debt that the Canadian drugmaker piled on during a takeover spree, is seeking to restructure its finances and cut borrowings by at least $2 billion after missing an interest payment Monday on some unsecured bonds. Management is pursuing a plan under the Canada Business Corporations Act, according to a statement…
XI’AN, China, Oct. 20, 2017 /PRNewswire/ — Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech” or “the Company”), a financial technology company and integrated producer of fruit-related products, today announced that it filed a proxy statement that includes, among several proposals, a proposal for a corporate restructuring to be voted on by proxy or in…