Greek markets and country-specific exchange traded funds (ETFs) surged Monday after Athens assuaged investors’ fears by laying the groundwork for an agreement on bailout loans and debt relief. The Global X MSCI Greece ETF (NYSEArca: GREK ) gained 4.1% Monday on two times its average daily volume. GREK has increased 40.9% over the past three…
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Business advisory firm Ankura Consulting Group added four hires to the turnaround and restructuring practice in its New York office. Joining Ankura are M. Benjamin Jones and Roy Messing as senior managing directors, and Kasey Rosado and Jerome Davis as managing directors. Press Release Ankura Consulting Group (Ankura), a business advisory and expert services firm, announced today the appointment of M. Benjamin…
Despite its initial reservations, ICAEW is to go ahead and offer partial licences for people wishing to specialise in personal or corporate insolvency It has announced that it will begin formally accepting applications from interested parties on 1 July. As ICAEW is the UKs largest insolvency regulator, ICAEW licensed practitioners gain a wealth of…
WILLEMSTAD The brand new data center Curaçao Technology Center (Ctex) was declared bankrupt last week. Also the company that owns Ctex was declared bankrupt. With this ruling, the Court of Justice agreed with the request of the administrator Arnold Huizing, who was appointed on December 11 after the court granted automatic stay. Ctex, which opened…
The International Monetary Fund has called for upfront and unconditional debt relief for Greece as it warned that without immediate action the financial plight of the recession-ravaged country would deteriorate dramatically over the coming decades. In a strongly worded assessment, the IMF said that there was no prospect of Greece meeting the draconian terms of…
It is no secret that International Business Machines Corp. (NYSE: IBM) has been a lagging stock. It hasnt helped out that IBM is a Dow stock, nor that Warren Buffett keeps buying up its shares even though Berkshire Hathaway already is the largest shareholder. Now comes a note from Wells Fargo that IBM is starting to execute on…
Lenders, shareholders and employees can request for an employer’s immovable assets to be attached guarantee for loans by the promoters of a company to recover dues under the new bankruptcy law. SBI Takes Over Liquor Baron Vijay Mallya’s Goa Villa, Staff Booted Out And Replaced With Bouncers The Insolvency and Bankruptcy Code approved by Parliament…
The report that first-quarter economic growth ran at a measly 0.8% hit Israels economic leaders hard. Even those who assume that the figure is a preliminary one to be revised upward, or argue that it simply offsets the high growth figure posted for the fourth quarter of 2015, have to be concerned by the…
John Hussey John Hussey, a barrister and DUP councillor, has been tipped as the next Lord Mayor of Belfast, the Belfast Telegraph reports. Mr Hussey is one of several Democratic Unionist Party (DUP) members being considered for the role, which is elected annually by Belfast City Council. A failure by the DUP council group to…