Greece could secure short-term debt relief measures “very soon” if it implements remaining reforms agreed under its bailout program, the head of the euro zone’s bailout fund, the European Stability Mechanism (ESM), said on Saturday. Under a deal signed last year with euro zone countries, the European Central Bank and the International Monetary Fund, the…
DetailsIna seminal 2015 article (goo.gl/a78kA9) on the culture of entrepreneurship in Silicon Valley, Newsweek highlighted the rarity of enormously successful tech startups unicorns that were valued at over $1billion. It likened the chances of creating a unicorn to those of a frog laying 20,000 eggs to produce a few viable tadpoles, and went on to…
DetailsThe move to fine-tune the total debt servicing ratio (TDSR) is clearly not a relaxation of cooling measures but is best seen as a step to avert hardship during an economic slowdown. The amended refinancing framework announced by the Monetary Authority of Singapore (MAS) on Thursday will protect both banks and home owners, experts note.…
DetailsTORONTO, Sept. 2, 2016 /PRNewswire/ – iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (ISD.V) (ISDSF), a leading provider of interactive mobile advertising solutions that serves brands, commercial locations, retailers and service providers throughout North America today provides an update to its previous announcement on the late filing of its annual audited financial statements, management discussion…
Detailsby Cristiane Lucchesi, Fabiola Moura and R.T. Watson Samarco bondholders hired US law firm Hogan Lovells for help with debt-restructuring talks as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. With a coupon payment looming, Hogan Lovells is seeking a Brazilian law firm to work with it…
DetailsMassachusetts Attorney General Maura Healey. (Image courtesy of the Attorney Generals office.) As part of her ongoing effort to address abuses in the student lending industry, Attorney General Maura Healey has announced action against a so-called debt relief company that allegedly charged hundreds of Massachusetts borrowers unlawful upfront fees and misled consumers about its affiliation…
DetailsIn the context of US capitalism, corporate bankruptcy has become less an admission of failure or a final chapter than a kind of R&R, a chance to shed some flab and come back stronger. As anyone who has followed Donald Trumps career knows, a big company declaring Chapter 11 bankruptcy is like Lindsay Lohan checking…
DetailsBusiness news: German publishing house Gestalten has entered into voluntary insolvency after losing money on a concept store in Berlin. The company, which publishes books about architecture, design and other creative disciplines, made the declaration after failing to secure an extended credit line from its bank. “I had to apply for insolvency otherwise I could have…
DetailsThe Massachusetts Attorney General has settled with a California student loan debt relief company that allegedly misled borrowers and charged them illegal upfront fees. Libre Technology Inc., a San Diego company, will refund $160,000 to more than 400 Massachusetts borrowers who were seeking help consolidating their federal student loans or applying for new repayment options.…
DetailsNew data released by Vision-Net.ie shows that this August saw an average of just under two companies being declared insolvent each day – down slightly on the previous August when 70 companies ceased trading. The professional services sector was hardest hit this August and accounted for 14 (23%) of the insolvencies recorded. The construction sector…
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