The workforce at Linwoods Monaghan Road headquarters in Armagh will be reduced by 90 full-time employees. The company will also cease its van sales distribution business. Linwoods Health Foods and all contracted bakery production with the company would not be affected by the restructuring and redundancies, the company claimed. John Woods, joint managing director of…
DetailsHopes of bankers of lesser haircuts along with resolutions of almost half of the 12 stressed assets under the insolvency proceedings, are close to realization in the next two months. Nearly ten months after the Reserve Bank of India identified 12 non-performing assets (NPAs), estimated to account for 25 percent of the gross NPAs of…
DetailsPeter Miller The Mortgage Reports Contributor Use debt consolidation to qualify for a mortgage carefully Consider the use of debt consolidation to qualify for a mortgage very, very carefully. Follow these tips to avoid being one of the 85 percent who fail debt consolidation. Debt consolidation can lower your debt payments, allowing you to qualify…
DetailsIn a setback for Ultratech, the Supreme Court on Friday refused to allow out-of-court settlement for Binani Cement bankruptcy case. UltraTech Cement had informed the stock exchanges that it had obtained the Competition Commission of India’s (CCI) approval for its bid for the under-debt company and the company claimed the…
DetailsReserve Bank confirms resilient financial system Financial Stability Review Reserve Bank Financial Stability Review: The Reserve Bank has handed down the latest review of the financial system. The Australian financial system remains resilient and its ability to withstand adverse shocks continues to be strengthened. Household borrowing risks ease: Concerns about riskier types of new housing…
DetailsASIC cancels Octani Capital’s licence – InvestorDaily ASIC cancels Octani Capital’s licence Latest News Perth-based corporate advisory practice Octani Capital has had its Australian financial services licence cancelled by ASIC. By Reporter … Read the full article at: https://www.investordaily.com.au/regulation/42846-asic-cancels-octani-capital-s-licence
DetailsNostalgia hasn’t translated into dollars in a long-shot effort to crowdfund a future for Toys R Us. Neither did efforts to recruit other toy makers. A campaign led by a billionaire toy executive who pledged $200 million with other investors in hopes of saving part of the bankrupt chain has foundered, with only $59,000 more…
DetailsReserve Bank confirms resilient financial system Financial Stability Review Reserve Bank Financial Stability Review: The Reserve Bank has handed down the latest review of the financial system. The Australian financial system remains resilient and its ability to withstand adverse shocks continues to be strengthened. Household borrowing risks ease: Concerns about riskier types of new housing…
DetailsBy: ENS Economic Bureau | New Delhi | Updated: April 13, 2018 3:18:18 am Supreme Court of India Binani Cements insolvency resolution could become a test case for the Insolvency and Bankruptcy Code (IBC), with the Supreme Court slated to start hearing the arguments in this case Friday. While the Committee of Creditors had earlier…
DetailsYour Gen X clients may be tech savvy, but statistics show they are also carrying the highest debt burden of any generation. As their CPA, are you helping clients across all generations manage their debt? Considering non-mortgage debt, specifically credit card and student loan debt, they averaged $ 23,000 in 2017, up 15 percent from $20,000…
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