The race to pluck the post-Brexit spoils from the UKs table began to hot up this week. Its been framed as Dublin versus Frankfurt in many quarters, but several other European cities are also vying for pieces of the pie. Chicago-based financial services group Northern Trust will have piqued the ears of the IDA and…
DetailsTHE ISSUE: More Americans are getting buried by student debt causing delays in home ownership, limiting how much people can save and leaving taxpayers at risk as many loans go unpaid. The statistics look daunting. Student debt now totals around $1.26 trillion. This amounts to a stunning 350 percent increase since 2005, according to the…
DetailsRELATED: Rock Dogs plea to the premier The closure of a Bendigo disability service has left more than 100 supported workers no choice but to make ends meet without their weekly wage. Radius Disability Services entered voluntary administration on Monday after a budget audit predicted it could lose as much as $500,000 over the next financial year. California Gully woman Madeline…
DetailsSINGAPORE The Ministry of Law (MinLaw) is calling for public feedback on proposed changes to corporate insolvency laws in the Republics first phase of legislative reforms that seek to bolster its position as an international centre for debt restructuring. The launch of public consultation yesterday came after MinLaw, in June 2014, broadly accepted recommendations by…
DetailsLohan facing bankruptcy after failing to pay rent on £3.5m London flat Lawyers for the landlord of the property have issued papers Solicitors Child & Child hand-delivered a letter to Miss Lohan Mean Girls actresss financial woes are latest in a string of personal crises By Clemmie Moodie Associate Showbiz Editor For The Daily Mail…
DetailsJohnson & Johnson Proves It’s Healthy with Its 3Q16 Results PART 3 OF 5 By Sarah Collins | Oct 21, 2016 2:55 pm EDT Overview Johnson & Johnson (JNJ) registered sales of approximately $6.2 billion in its Medical Devices segment in 2Q16. The Orthopedics and Surgical segments were the major sales contributors, comprising ~36.5% and…
DetailsPortugal kept its much-needed access to EU financial help Friday after a European Central Bank-approved credit agency maintained its rating of Portuguese debt at investment grade level. Toronto-based DBRS announced it had kept Portugal’s rating at “BBB” level, with a “stable” perspective. “The rating reflects Portugal’s eurozone membership and its adherence to the EU economic…
DetailsLONDON–(BUSINESS WIRE)–At the 2016 Turnaround Restructuring and Insolvency (TRI) industry awards at the London Hilton, Manolete Partners PLC beat Burford Capital, Harbour Litigation Funding and several other funding companies to win the inaugural award for Insolvency Litigation Funder of the Year. The TRI judging panel comprised many senior executives and leading professionals from across the…
DetailsCHICAGO–(BUSINESS WIRE)–Petroleos Mexicanos (Pemex) faces insolvency as a result of heavy taxes, an insufficient support package, and the long-term effects of capex reduction, according to a new Fitch Ratings sensitivity analysis. “The Mexican government’s continued demand for dividends from Petroleos Mexicanos (Pemex) in the form of taxes will force the company to borrow at a…
DetailsAs his chauffeured company car hurtled down Shanghai’s freeways to the airport, Jason O’Connor knew things had somehow gone terribly awry. What should have been a routine business visit to mainland China for the Australian head of Crown’s VIP operations had instead devolved into a desperate dash for the exit. Across the other side of the country, in the…
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