Insolvency group places Australian restaurant giant Keystone Hospitality Group under receivership – International Business Times AU

Bankruptcy

In late 2013, Tourism Australia launched a new international campaign with the theme Restaurant Australia by focusing on the countrys food and wine industries to target global foodies and wine connoisseurs. There could be less good restaurants after insolvency group Ferrier Hodgson placed under receivership one of the biggest hospitality groups in Australian with about…

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Early days of internet offer lessons for boosting 3D printing – The Conversation US

Liquidation

Even in its relative infancy, 3D printing has created an enormous list of possibilities: dental aligners to straighten your teeth, unique toys for your children, inexpensive custom prosthetics for people with limb deficiencies, and restoring lost or destroyed cultural artifacts. It can also be used to create untraceable firearms and an endless supply of copyright…

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S. Korea’s business sentiment stays low on ongoing restructuring – Shanghai Daily (subscription)

Restructuring

SEOUL, June 29 (Xinhua) — Confidence among South Korean businesses stayed low this month on worries about the ongoing restructuring in shipbuilders and shipping firms, central bank data showed on Wednesday. The business sentiment index (BSI) for manufacturers stood at 71 in June, unchanged from the previous month, according to the Bank of Korea (BOK).…

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Neotel deal to help Tata Communications reduce debt, improve topline – Economic Times

Debt Help

ET INTELLIGENCE GROUP: The sale of South African business will help Tata Communications quicken the process of paring its debt. On Tuesday, the data services and IT infrastructure provider announced that it has entered into an agreement with Liquid Telecom, a pan-African telecom group to sell its entire 67% stake in the South African subsidiary…

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B&W Announces Restructuring of Traditional Power Business and Updates Guidance for 2016 – Business Wire (press release)

Restructuring

CHARLOTTE, N.C.–(BUSINESS WIRE)–Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) today announced actions to proactively restructure its traditional power business in advance of a lower projection for U.S. coal generation and has updated guidance for 2016 to reflect: The net impact of the restructuring and decreased coal-related revenue in the second half of 2016. A charge…

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