Comments (0) Management at a green energy technology business say they have completed substantial restructuring after facing financial problems earlier this year. Last March, Loughborough’s Intelligent Energy announced major funding plans had fallen through, with no guarantee future funds would be available. As a consequence the business said at the time it was cutting up to…
September 21, 2016 | 5:21 PM by A. E. JAMES/[email protected] Majority state-owned Port Services Corporations revenue started declining substantially after the government shifted commercial activities of Muscat port to Sohar port in August 2014. Photo – File Muscat: An extraordinary general meeting of the shareholders of Port Services Corporation, the operator of Muscat port, will…
Competitors might have been surprised to see JPMorgan Chase & Co. bankers Ricardo Leoni and Daniel Pombo at the negotiating table earlier this year helping Brazilian mining company Samarco Mineracao SA restructure about $3.8 billion in debt. After all, restructuring advice isnt what the New York-based bank is known for in Brazil. Leoni and Pombo are…
Pictured: Stephanie Carr and Johnston Clark Blackadders has appointed Stephanie Carr to take up the role of leading the firms Glasgow office after 15 years with Harper Macleod, where she served as a partner in the insolvency department specialising in contentious personal and corporate insolvency law. With many years experience in commercial litigation and debt recovery, Ms Carr is a…
Getting out of debt isnt easy, and while theres plenty of practical advice to help, the psychological toll is a huge, often-overlooked obstacle. When you feel utterly powerless against debt, it only makes the process more difficult. While it takes money to get the job done, shifting your mindset to an empowered one will help…
BENGALURU: India’s second largest listed real estate developer Prestige Estates Projects plans to raise at least $300 million, around Rs 2,000 crore, by selling up to 40% stake in its rent-yielding commercial assets and has drawn interest from Canadian Pension Plan and GIC of Singapore. The southern developer has hired JP Morgan to advise on…
Bulgarian Energy Minister Temenuzhka Petkova has said the state is yet to consider its options to use the nuclear reactor and equipment procured for the ditched Belene nuclear plant (NPP) project which it now has to pay. In an interview with the Bulgarian National Television, she has underlined that Sofia could launch a privatization procedure…
Strange goings on at WAYN, the social media platform that bills itself as the worlds largest travel club. Yesterday Skift reported that the company that trades as WAYN (Where Are You Now? Ltd) had gone into administration a form of insolvency in the UK. This remains the case. Today, the recently renamed lastminute.com group (formerly…
PROVIDENCE, R.I. (AP) Rhode Island is helping 215 college graduates pay back their student debt. The state’s Commerce Corp. said Tuesday that it’s awarding an average of $3,750 a year in loan relief to the winners of its new Wavemake… Read the full article at: http://www.heraldcourier.com/news/rhode-island-awards-student-debt-relief-to-college-grads/article_936c6a26-397c-54d0-8077-425517c54ac6.html
ALDEN WILLIAMS/FAIRFAX NZ Indian spice store, Sun 2 Moon in Johnsonville, was put into liquidation on Monday. In August the ERA fined the owner $53,000 for exploiting a migrant worker. The owner of a Wellington grocery store recently ordered to pay than $53,000 for exploiting a migrant worker has put his company into liquidation, claiming it cannot…