I understand if Weatherford International (NYSE: WFT) investors said to themselves “this is the quarter where things turn around.” After all, both Schlumberger (NYSE: SLB) and Halliburton (NYSE: HAL) both posted better-than-expected results thanks to the strength of their North American operations. Weatherford has a sizable presence in North America and the spring break-up period…
DetailsKangaroo Island Council has secured full and final payment of outstanding debts, totalling $39,000, to the three island-based businesses which provided materials and services to the airport upgrade project material crushing contractor, NBS (Excavations) Pty Ltd. The company placed themselves into voluntary liquidation on February 13, and the monies had been outstanding since that time. The three…
DetailsRamit Chitkara Its been more than a year since the all-new corporate insolvency framework of the country (hereinafter referred to as the IBC) got notified followed by regulations over tranches. IBC is one of the biggest reforms by the government just after the GST, wherein it offers early identification of corporate distress with time-bound resolution…
DetailsTo access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member Rohit Kumar Singh, State Bank of India CFO Anshula Kant, Bank of India MD Dinabandhu Mohapatra, Punjab National Bank MD…
DetailsBoris Becker has denied that he is broke despite being declared bankrupt by a court in London and having claims against him for more than £50 million. The tennis champion, who won six grand-slam tournaments, told a Swiss newspaper that he had sufficient funds and sponsorship deals to pay his way. Becker, 49, once one…
DetailsTo access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member Rohit Kumar Singh, State Bank of India CFO Anshula Kant, Bank of India MD Dinabandhu Mohapatra, Punjab National Bank MD…
DetailsTurnaround unit accused of cavalier approach James Hurley, Enterprise Editor Thousands of small and medium-sized companies from across Britain were mistreated by RBSs Global Restructuring GroupNEIL HALL/REUTERS Staff at Royal Bank of Scotlands restructuring unit were advised to extract money from small businesses that were in the most financial difficulty, according to a confidential document that…
DetailsBy MarEx 2017-11-06 19:13:32 Kristin Weyanathabaln, a fisherman in northern Sri Lanka has managed to free himself from of bonded labor. I am now free from debt, the 48-year-old fisherman says. Weyanathabaln had only started fishing in 2010, one year after the end of Sri Lankas civil war that…
DetailsNEW YORK–(BUSINESS WIRE)–The Steering Committees of the International Bondholder Committee (the IBC) and the Ad Hoc Group (the AHG) of bondholders (the Oi Creditor Groups) of Oi S.A. and its affiliates (collectively, the Company or the Oi Group) announce that, as disclosed by the Company on November 6, 2017, the Oi Creditor Groups, together with…
DetailsFormer Serie A club Modena have been declared bankrupt, ending 105 years of their history. Its a sad end for the Canarini, who were locked out of the Stadio Braglia for non-payment of bills, and have not attended the last three Serie C games. Today is set to be the fourth, so failing to turn…
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