The entire shipping industry witnessed the long-awaited turn in business environment with last weeks news that Hanjin Shipping, a South Korean shipping giant which is considered as the 7th largest container carrier in the world would finally announce its move for liquidation after months of recovering attempts that sank into unsalvageable debacle. Although this scenario…
DetailsPartner content supplied by The Money Advice Service The Money Advice Service will be issuing an OJEU Contract Notice on 9 January 2017 to commission a technical support service for debt advisers to help them deliver technically accurate and tailored advice to clients seeking debt advice. The web-based service will have a wide and extensive…
DetailsComments Share via email Share on facebook Share on twitter Share on LinkedIn PrintLicense article Amaya Inc. has negotiated new terms on a major debt obligation that was coming due in a matter of weeks. The revised agreement sees the online gambling company pushing out the maturity on the debt, and incurring penalties. The $197.7-million…
DetailsA bizarre story has recently come out of Zimbabwe. Grace Mugabe, the politically powerful wife of the aging president Robert Mugabe, has come up with a plan to settle a debt to China with 35 young elephants, eight lions, 12 hyenas and a giraffe. The debt was incurred in 1998 when Zimbabwe sent troops and…
DetailsCreditfix, the UKs largest personal insolvency practice has released new figures that show that personal debt is having a negative impact on the mental health of individuals affected by financial problems. In a UK-wide survey of people currently in an Individual Voluntary Arrangement or Protected Trust Deed (IVA/PTD) with Creditfix, 74 per cent of respondents…
DetailsSouth Koreas SKC Co., a chemical and tech material producing unit of SK Group, has been witnessing a rally in its stocks over the last two months after its restructuring carried out last year has allowed the company to concentrate its resources to produce more high value-added products. SKC stocks soared 26 percent from 27,250…
DetailsContents1 See Also1.1 Digital shines at Bed Bath & Beyond1.2 Amazon announces Digital Day promotional event1.3 Examining the next generation of payment providers competing in the burgeoning digital commerce market BI Intelligence See Also Digital shines at Bed Bath & Beyond Amazon announces Digital Day promotional event Examining the next generation of payment providers competing…
DetailsShares in FTSE 250-listed miner Ferrexpo lifted more than four per cent in afternoon trading after the Ukraine-based group reported record sales and a bolstered balance sheet. Last year, Ferrexpo sold 11.7m tonnes (mt) of iron ore pellets, which are used in steelmaking, up from 11.3mt in 2015, the group said in a trading update…
DetailsAtlantic City might be a financial basket case, and the remaining seven casinos there may be struggling to maintain their share of gaming revenues on the east coast, but MGM Resorts ‘(NYSE: MGM) buyout of its joint venture partner Boyd Gaming (NYSE: BYD) for full control of the Borgata may just be one of the…
DetailsStudent loan debt is one of the prevalent issues when it comes to higher education. Despite their best efforts, a great percentage of students still graduate from college with an average debt of $30,000. However, parents can help their kids graduate debt-free with these simple strategies. Educate Them Financially In a National Financial Capability Study…
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