Moodys has given troubled Spanish renewable energy group Abengoa a small but much needed vote of confidence at a crucial stage in its fight for survival, saying its underlying operating business is still viable although the ratings agency also acknowledges that the company could still end up insolvent. Abengoa spelled out earlier this week that…
DetailsPICTURE: THINKSTOCK When a court awards costs against liquidators de bonis propriis out of their own pockets you know its a judgment worth reading: what had they done to earn such a serious rebuke? Most recently, liquidators OA Noordman and SM Rampoporo were on the receiving end. They had asked that Jopie de Bruin, former…
DetailsBy OKECHUKWU PEACE Nigerian commercial bank, Access Bank Plc wants to help Kanye West pay off his $53 million debt. In a recent tweet, Access bank offered to help the 38 year-old by telling him to get in touch. On the 15th of this month, the rapper took to Twitter to plead with Facebook founder,…
DetailsINDIANAPOLIS–(BUSINESS WIRE)–Anthem, Inc. (NYSE: ANTM) today announced that its Board of Directors authorized an increase of 4 percent in the Companys shareholder dividend and declared a $0.65 per share dividend for the first quarter of 2016. This quarterly rate represents an annualized dividend of $2.60 per share, which equates to a yield of approximately 2.0…
DetailsIn defence of CVAs and pre-packs: The UK’s insolvency regime might not be perfect, but it does minimise creditors’ losses and protects staff more than alternatives | City A.M. Trending topics Read the full article at: http://www.cityam.com/234984/in-defence-of-cvas-and-pre-packs-the-uks-insolvency-regime-might-not-be-perfect-but-it-does-minimise-creditors-losses-and-protects-staff-more-than-alternatives
Details10:50 19/02/2016 MOSCOW, February 19 (RAPSI) The Commercial Court of Primorsky Krai has declared Viktor Grebnev, former chief executive of TMK (Pacific Bridge Building Company), a contractor in the Vostochny Cosmodrome project, bankrupt, RIA Novosti reported on Friday. Bankruptcy procedure was initiated by Sberbank in November 2015. Viktor Grebnev is currently placed under house arrest.…
DetailsA Kanye West fan started a GoFundMe account to help his favorite rapper get out of debt. The outspoken fashion designer and rapper tweeted Saturday that he was $53 million in debt. I write this to you my brothers while still 53 million dollars in personal debt… Please pray we overcome… This is my true…
DetailsTo qualify for the National Hardship Register, you need to meet with a financial counsellor. Photo: Supplied For people who have no way of repaying their debts there is now a way to stop debt collectors calling and to have the debts waived. Debt collectors and financial counsellors have created a register for those who…
DetailsFans of Kanye West are hoping to help the rapper out of debt. (Supplied) Some of Kanye Wests most loyal fans are trying to help the rapper out after he revealed in a Twitter rant he was $53 million in debt. Dozens of fans have joined a crowdfunding campaign to raise money for West on…
DetailsCorporate restructuring was the main culprit behind a drop of 40 percent in Korean banks business performances last year. Financial regulators explained that bad account cost from the restructuring of shipbuilders such as STX Shipbuilding weakened banks profitability last year. Last year, Korean banks posted 3.5 trillion won in net income, a drop of 42.6…
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