A company connected with Tiwai Point aluminium smelter has gone into liquidation. Tiwai Point Photo: Wiki Commons Taha Asia Pacific had a contract with New Zealand Aluminium Smelters to take dross syphoned off from the main smelting operation. It would then re-process it to extract more aluminium for recycling at the main plant. The company…
DetailsAfter nearly 15 years in prison for a massive embezzlement scandal at Israel’s now defunct Trade Bank, the institution’s former deputy chief of investment, Eti Alon, was set to be released home Thursday before finishing her 17-year sentence. An Israel Prison Service parole board accepted an appeal by Alon to commute her sentence after…
DetailsWhen Donald Trump opened the Trump Taj Mahal in Atlantic City in 1990, the superlatives flowed like cheap champagne. It was worlds biggest casino. It had the most slot machines and gambling tables. It had twice as many parking spaces than any other in Atlantic City. The Taj Mahals run as the greatest didnt last…
Details04 August 2016 Lara Bullock View Comments Lawyers must ensure they disclose the full extent of risk to clients, as the Australian Financial Security Authoritys (AFSA’s) statistics show the number of bankruptcy cases is increasing.…
DetailsChinese robot makers are heading towards a debt-filled crisis as the increasingly overcrowded market for automated machines reaches overcapacity. Dozens of Chinese cities have opened industrial robotics parks in recent years in an attempt to place themselves at the forefront of the industry. The parks are largely funded by a local government finance vehicle (LGFV),…
DetailsA robot is presented at Wuhu robotics center in Wuhu Thomson Reuters By Nathaniel Taplin WUHU, China (Reuters) – Down a side street bracketed by massage parlors and cheap hotels in this city on the banks of the Yangtze river, a humanoid food service robot trundles around the corner of a table in a cafe,…
DetailsA deal designed to help Delta recover a $13.4million bad debt from a stalled Christchurch subdivision is expected to take years to realise and comes with no guarantees, it has been revealed. Dunedin City Holdings Ltd chairman Graham Crombie outlined details of the deal in a media statement yesterday, following a marathon discussion behind closed…
DetailsThey say its good to be the king. And if name and footprint is any indication, one would expect that to be the case at the global law firm King & Wood Mallesons. But is it? An amalgamation of Chinas King & Wood, Londons SJ Berwin and Mallesons of Australia, the 2,000+ lawyer firm grossed $1…
DetailsBelarus: Major fruit, veg importer declared bankrupt The Economic court of the Magilev region has started proceedings concerning the economic insolvency (bankruptcy) of the company Fruktest, one of Belarus biggest fruit and vegetable importers. A company called the Consulting Bureau has been appointed to carry out the procedure. Credit claims can be carried out over…
DetailsTechnology companies from Apple Inc. to Microsoft Corp. have sold more than $100 billion of debt this year even as they sat on more than half a trillion dollars of cash. They did it for two reasons: they wanted to avoid paying taxes, and just because they could. Bond buyers fleeing negative yields on government…
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