January 2, 2019 Pedestrians in the snow in Tokyo, Japan: the country is one of the top three borrowers in the world (photo: Morio Taga/Newscom) Until recently, we had a partial view of global debt. Our new update to the IMFs Global Debt Database, first made public in May 2018, now fills even more of…
DetailsBanks and non-bank lenders could restructure up to Rs 10,000 crore in loans to micro, small and medium enterprises without classifying them as bad debt, according to an estimate by rating agency ICRA. This, after the Reserve Bank of India gave in to demands for easier loan restructuring terms for small business. The one-time restructuring…
DetailsDavid Moloney, the founder of Internal Consulting Group and the head of its global financial services practice, says the changes being implemented fit with his analysis of the evolution of the financial system. He says the financial system is going through three eras: detriment reduction, competition and the betterment of society. He says the Hayne…
Details[embedded content] Uncorkd Entertainment is proud to announce the North American theatrical and digital release of the acclaimed Australian crime-dramaWest of Sunshine. A captivating social-realist story from debut feature filmmaker Jason Raftopoulos, the celebrated film hot from an outstanding response, complete with standing ovation, at the Venice Film Festival tells of a father who has…
DetailsSouth Lakes Citizens Advice is acharity that is there with advice and support for everyone. Citizens Advice sees more people dealing with many different types of problems and challenges in their lives than any other organisation. At worst some of the difficulties people experience can be ruinous to their lives and relationships, resulting in, for…
DetailsJan 02, 2019 , 7:52AM RBI offers relief to MSMEs; allows restructuring of debt up to Rs 25 crore RBI Logo Reserve Bank has allowed a one-time restructuring of existing debt of up to 25 crore rupees for the companies which have defaulted on payment but the loans given to…
DetailsPhoto: Aniruddha Chowdhury/Mint The Insolvency and Bankruptcy Code (IBC) was introduced by the Narendra Modi government in December 2016 to expeditiously resolve claims involving insolvent companies in a bid to tackle the bad loan problem plaguing Indias banking system. Two years on, even as it continues to evolve, the legal reform has emerged largely successful.…
DetailsAround 20 Scottish businesses are set to fail each week in 2019, an industry expert has predicted, after corporate insolvencies were found to have risen dramatically in the past year. Continued uncertainty surrounding Brexit, an increase in competition and a squeeze on pricess in many sectors are all key factors, according to accountancy and business…
DetailsEuisun Chung speaks at the introduction of the 2017 Hyundai Genesis G90 at the North American International Auto Show in Detroit, Michigan on Jan. 11, 2016. Rebecca Cook/Reuters The heir apparent of Hyundai Motor Group said on Wednesday he will complete a restructuring in 2019 as he moves to formally take over from his father…
DetailsFSA Group Ltd (ASX:FSA) insider Deborah Southon bought 100,000 shares of the companys stock in a transaction that occurred on Thursday, November 29th. The stock was acquired at an average price of A$1.07 ($0.76) per share, with a total value of A$106,500.00 ($75,531.91). Shares of FSA Group stock traded down A$0.05 ($0.04) on Tuesday, reaching…
Details