By Reuters Published: 01:53 +11:00, 6 October 2016 | Updated: 01:53 +11:00, 6 October 2016 e-mail By Francesco Guarascio BRUSSELS, Oct 5 (Reuters) – An external early warning system for companies at risk of insolvency is central to a European Commission’s draft proposal to cut the region’s bankruptcy problem and help banks recoup bad loans.…
DetailsFind out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com’s Dividend Insider Elite. Sign-up for a FREE trial here. The board of directors of Samsung Electronics Co., Ltd. was today sent a letter by Samsung Electronics shareholders Blake Capital LLC (“Blake“) and Potter Capital LLC (“Potter“),…
DetailsArch Coal Inc. completed its financial restructuring and emerged from Chapter 11 bankruptcy. The Creve Coeur-based company said it is emerging with more than $300 million of cash on its balance sheet and a debt level of just $363 million. Arch said it has third-party surety bonds in place covering 100 of its reclamation bonding…
DetailsLONDON Britain’s finance watchdog has received a long-delayed final report looking into alleged malpractice at Royal Bank of Scotland’s (RBS.L) small business restructuring division, the regulator said on Wednesday. The Financial Conduct Authority said on its website it had received the report from Promontory Financial Group and Mazars, the consultancy and the accounting firm charged…
DetailsNew Delhi: Excess debt on the books of Indian companies remains a medium-term risk to Indias growth trajectory, the International Monetary Fund (IMF) said on Wednesday. Excess corporate debt also increases risks to banks, IMF said in its Global Financial Stability Report. Banking systems are vulnerable to further declines in growth or profits, particularly in…
DetailsThe IMF has recommended governments phase out tax incentives that encourage borrowing. Global public and private debt has blown out to a record $US152 trillion ($199 trillion) and Australian households are bingeing on borrowed money at a “fast pace”, exposing the economy to a future crisis, warns the International Monetary Fund. In a wake-up call about the…
Details* European corporate bankruptcies higher than pre-crisis * EU wants early warning alerts to prevent bankruptcies * Companies to receive support for early restructuring By Francesco Guarascio BRUSSELS, Oct 5 An external early warning system for companies at risk of insolvency is central to a European Commission’s draft proposal to cut the region’s bankruptcy problem…
DetailsBy Reuters Published: 00:12 +11:00, 6 October 2016 | Updated: 00:12 +11:00, 6 October 2016 e-mail By Francesco Guarascio BRUSSELS, Oct 5 (Reuters) – An external early warning system for companies at risk of insolvency is central to a European Commission’s draft proposal to cut the region’s bankruptcy problem and help banks recoup bad loans.…
DetailsA postman narrowly escaped jail after stealing more than 1,000 gift and greetings cards to pay off gambling debts, a court heard. Sean Tootell, of Matford Home Farm in Exeter, admitted systematically raiding mail items containing vouchers and cash, including through the busy Christmas period. Tootell, 33, pocketed more than £1,000 over eight months while…
DetailsThe $3.5 billion Baha Mar casino resort in the Bahamas has been surrounded in controversy for the last couple of years as the project came to a halt after developer Sarkis Izmirlian faced financial troubles due to delays, and the secured creditor for the project, the Export-Import Bank of China (EXIM) wasnt willing to extend…
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