LONDON (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britains consumer economy. FILE PHOTO: People walk across Westminster Bridge in London, Britain, June 22, 2017. REUTERS/Marko Djurica The governments Insolvency Service…
DetailsApplications have been invited from corporate entities for submission of a resolution plan for debtridden Jaypee Infratech to move ahead with the process under the insolvency law. The NCLT-appointed insolvency resolution professional (IRP) Anuj Jain has invited expressions of interest (EoI) from corporates having a minimum net worth of Rs 1,000 crore as well as…
DetailsMIAMI, Oct 28 (Thomson Reuters Foundation) – A plan by British billionaire Richard Branson to lead a post-hurricane rebuilding effort in the Caribbean, with a focus on clean energy projects, may include debt relief negotiations mediated by the International Monetary Fund. Branson is spearheading a plan to help Caribbean nations recover after Hurricanes Irma and…
DetailsBy Reuters Published: 13:25 AEDT, 28 October 2017 | Updated: 13:25 AEDT, 28 October 2017 e-mail By Adriana Brasileiro MIAMI, Oct 28 (Thomson Reuters Foundation) – A plan by British billionaire Richard Branson to lead a post-hurricane rebuilding effort in the Caribbean, with a focus on clean energy projects, may include debt relief negotiations mediated…
DetailsWritten by Surbhi Prasad | New Delhi | Published:October 28, 2017 3:25 am Under Section 25 of the Insolvency and Bankruptcy Code, it is the duty of a resolution professional to invite prospective lenders, investors and any other persons to put forward resolution plans once the information memorandum is ready. The National Company Law Tribunal…
DetailsWhat drove Las Vegas gunman Stephen Paddock to shoot up a country music concert remained a mystery Tuesday, as a vexing array of possible clues did little to bring into focus a motive for the biggest mass shooting in modern American history. … Read the full article at: http://www.foxnews.com/us/2017/10/03/las-vegas-shooting-from-isis-to-gambling-debts-theories-abound-for-shooters-motive.html
DetailsJ.C. Penney Co. spooked investors ahead of the holiday season, after the struggling department-store chain slashed its profit goals for the year and warned of weakening sales. Penney said its decision to discount and clear out slow-moving inventory in women’s apparel and other clothing departments increased revenue in September and October but significantly hurt earnings.…
DetailsThe Trump administration and Congress have been mulling a reduction in the 401(k) tax-free contribution limits as they work on a tax plan. Currently, the employer-based plans allow most employees to put away up to $18,000, deferring taxes until a withdrawal is made upon retirement. The 401(k) may be changed because the Trump administration is…
DetailsNearly 25,500 people went bust over the summer, figures have revealed. The figure – equivalent to 276 a day between July and September – was 10.6% up on the previous three months and 7.7% more than a year ago. The big rise comes amid growing concerns about a debt time bomb. Households now owe more…
DetailsJ.C. Penney Co. lost up to a quarter of its market value Friday after the struggling retailer drastically cut its outlook for the year and warned about weakening sales. Penney said its decision to discount and clear out slow-moving inventory in women’s apparel and other clothing departments increased revenue in September and October but significantly…
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