United Kingdom Restructuring and insolvency 06-10-2016 The farming and agricultural sector continues to experience financial pressures. Agricultural charges remain an important form of security available to banks when lending to the agricultural sector, but nevertheless how useful they can be and the cost saving they can bring on enforcement is often not fully appreciated. Although…
DetailsRBS squeezed struggling businesses to boost profits, leak reveals By Andy Verity & Jake Morris BBC Newsnight 10 October 2016 From the section UK Image copyright Getty Images Royal Bank of Scotland secretly tried to profit from struggling businesses, leaked documents show. The bank bought up assets cheaply from failing businesses it claimed to be…
DetailsLONDON–(BUSINESS WIRE)– Metal Tiger Plc 10 October 2016 Metal Tiger Plc (“Metal Tiger” or the “Company”) Strategic Update and Board Restructuring Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce an update with regard to the Companys strategic plans and an associated board restructuring.…
Details(Image: iStock.com/Ridofranz) According to Consolidate Credit, the average household credit card debt is $6,600. This includes personal debt. Being in debt can be a form of slavery that can keep you from buying the necessities for your business, owning a new home, buying a new car, helping your children with college expenses along with many…
DetailsJohannesburg – Road Accident Fund (RAF) chief executive Eugene Watson confirmed that the institution had been insolvent since 1981 and last week had an unfunded liability of R145 billion, which was equivalent to 3.5 percent of South Africas gross domestic product. Watson, who was appointed in 2012, told Business Report in an interview that the…
DetailsA Noble Group sign is pictured at a meet-the-investors event in Singapore Thomson Reuters By Anshuman Daga SINGAPORE (Reuters) – Singapore-listed commodities trader Noble Group agreed to sell its North American energy distribution unit to U.S. firm Calpine Corp for $1.05 billion, moving a step closer to completing a restructuring to raise $2 billion to…
DetailsBy Anshuman Daga | SINGAPORE Singapore-listed commodities trader Noble Group agreed to sell its North American energy distribution unit to U.S. firm Calpine Corp for $1.05 billion, moving a step closer to completing a restructuring to raise $2 billion to help cut debt. The sale of Noble Americas Energy Solutions (NAES) includes repayment of working…
DetailsScottish company insolvencies ‘rise sharply’ 10 October 2016 From the section Scotland business Image copyright Thinkstock Prolonged economic uncertainty led to a sharp rise in the number of Scottish business failures this summer, according to a new report. Professional services firm KPMG found corporate insolvency appointments increased year-on-year by 30%, to 230, in the three…
DetailsAlmost 500 diplomas including in fitness coaching, fashion styling and art therapy are set to be stripped of access to government subsidies under an overhaul of the vocational loans scheme by the Turnbull government. Of the more than 800 vocational courses currently eligible for government loans, only 347 are expected to receive support under the…
DetailsPublic comments sought by Oct 28 New Delhi, October 9: The Centre is moving ahead full throttle to implement an effective insolvency and bankruptcy regime, which is expected to help improve Indias ease of doing business ranking. On the heels of setting up an Insolvency and Bankruptcy Board of India (IBBI), the Centre has framed…
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