(Bloomberg) — Abu Dhabi-based KBBO Group, once one of NMC Health Plcs biggest shareholders, has hired a turnaround specialist to restructure its $2 billion debt pile, people familiar with the matter said. The privately-held investment firm with assets in health care and food named Bruno Navarro as its chief restructuring officer, the people said, asking…
DetailsFalling into debt isnt something anyone plans for. More often than not, it happens due to circumstances out of our control. Debts can often accrue without your direct knowledge until one day, you find yourself staring up from under a bucketload of them with no clear way out. With bills continuing to rack up and…
DetailsHarlow-based Simon Moir (58) has been disqualified from acting as a director for 14 years, one year below the maximum term. From 22 September, the holiday parks boss will be banned from acting as a director or directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of…
DetailsImage copyright Alejandra Sol CasasImage caption Hilda Robles at her home in San Antonio Minority communities in the US and elsewhere have sometimes turned to traditional money saving methods outside the formal banking system. The economic shock from the coronavirus pandemic could spur renewed interest in those savings clubs. When Hilda Robles recalls her first…
DetailsPandemic allows firms time to restructure Focus on consolidation, M&A Large companies are taking advantage of the economic slowdown and the outbreak to restructure their businesses, aiming to prioritise consolidation or mergers and acquisitions (M&A), both locally and abroad. Funding for the deals depends on a company’s financial status, and includes using operating cash flow,…
DetailsAustralias public debt levels remain manageable, with record low interest rates leaving the government plenty of room to boost the economy in the October budget, according to the Reserve Bank. In a speech on Tuesday the RBA deputy governor, Guy Debelle, has defended the size of support payments including jobkeeper and jobseeker and given the…
DetailsThe Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote. Publish Date: Mon, 21 Sep 2020 08:51 PM IST New Delhi | Jagran Busines Desk:The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote. Responding to the…
DetailsNine small and medium-sized garment factories are in big trouble as a German retailer is not paying them on the pretext of being hit by the coronavirus pandemic although the buyer received the goods before the crisis began. Colloseum bought t-shirts, polo shirts and sweaters worth $15 lakh from the Bangladeshi suppliers between December last…
DetailsA concerted tightening of regulatory controls against gambling by mainland Chinese authorities looks set to counter expectations of a VIP-led recovery for Macaus gaming operators, leaving base mass to do the heavy lifting according to investment bank Credit Suisse. In a Monday note examining the short-term outlook for Macau post-COVID, analysts Kenneth Fong, Lok Kan…
DetailsBoris Becker will appear in court this week to face 19 criminal charges over claims he ‘hid property portfolio, bank accounts and shares in artificial intelligence firm’ during bankruptcy hearings Boris Becker, 52, faces claim that he hid finances at his 2017 bankruptcy hearing It’s alleged he failed to declare three properties, along with two…
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