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Daily Archives: August 3, 2016

China’s robotics rush shows how its debt can get out of control – Reuters

GamblingBy Insolvency GuardianAugust 3, 2016

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, red eyes flashing in tune with synthesized classical music. The Wuhu Hands On Café’s waiter, named “Hero,” has no…

DBS provides Swiber bridging loan before its liquidation filing – The Star Online

LiquidationBy Insolvency GuardianAugust 3, 2016

SINGAPORE: Singapores largest bank was supporting Swiber Holdings Ltd until just before the troubled oil services company said it was unable to pay its debts. DBS Group Holdings Ltd provided a bridging loan to Singapore-based Swiber shortly before it filed for liquidation, the bank said in an e-mail late Tuesday. At the time, Swiber was…

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