Beijing (AFP) – China has replaced the head coach of its women’s table tennis team at the world championships in Germany following a gambling debt scandal that sparked a social media frenzy back home. Kong Linghui, nicknamed “ping-pong prince”, has been suspended after accusations he borrowed S$1 million in 2015 from a Singapore luxury hotel…
Details(Adds details, background) By Jan Schwartz German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the deepening turmoil in a global container industry struggling with an…
DetailsKUALA LUMPUR: The Kelantan State Assembly Speaker today declared that the Nenggiri state seat is vacant. According to media reports, the seat was vacant after its incumbent Mat Yusoff Abdul Ghani became a bankrupt. The reports said the matter was confirmed in a letter received by by Datuk Abdullah Ya’kub from the Selangor Insolvency Department…
DetailsSingapores casinos have a problem with attracting revenue from mainland tourists, and face even more problems trying to recover their debts from Chinese gamblers, who simply have to flee back to China to evade payment. Channel NewsAsia reported recently that according to a Hong Kong court writ, Kong Linghui, one of Chinas best-known table tennis…
DetailsReuters FRANKFURT, May 31 (Reuters) – Greece’s massive debt pile is undermining confidence so European officials need to reach a deal on June 15 to cut it and kick-start the only economy in the euro zone still contracting, European Central Bank board member Benoit Coeure said on Tuesday. “Discussions are ongoing, but in…
DetailsThe UKs Pensions Regulator (TPR) has agreed an arrangement with Hoover to allow the household appliances company to offload its main pension scheme to the countrys lifeboat fund. TPR confirmed this week that it had permitted a regulated apportionment arrangement (RAA) with the UK arm of Hoover as the funding needs of the scheme threatened…
DetailsShutterstock photo (Adds details, background) By Jan SchwartzHAMBURG, Germany, June 1 (Reuters) – German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank [HSH.UL] rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the…
DetailsViet Nam News HÀ NI US businesses must engage more strongly in Vit Nams economic restructuring, especially in the finance-banking sector and in State-owned enterprise equitisation, Prime Minister Nguyn Xuân Phúc said on Tuesday. He made the remark while attending a round-table talk on the US-Vit Nam investment co-operation in New York. The…
DetailsMay 31 Greece’s massive debt pile is undermining confidence so European officials need to reach a deal on June 15 to cut it and kick-start the only economy in the euro zone still contracting, European Central Bank board member Benoit Coeure said on Tuesday. “Discussions are ongoing, but in my view it is important that…
Details(Adds details, background) By Jan Schwartz HAMBURG, Germany, June 1 German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the deepening turmoil in a global container…
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