October 31, 2016 | Comments (0) UK crane, access and telehandler rental company Hewden is urgently looking to re-finance around £190 million of debt which matures over the next few months. The company has been working with restructuring experts at Deloitte, with the idea to either refinance the business or sell it. It was acquired…
The federal government has announced new measures to help recent post-secondary graduates manage their student debt. In a press release published Sunday, Employment and Social Development Canada revealed that, as of Nov. 1, Canadians wouldnt have to repay their Canada Student Loan until theyre earning at least $25,000 a year. Under the Repayment Assistance Plan,…
Statistics released by the Insolvency Service for Q3 2016 show a 2.2 per cent rise in corporate insolvencies, following the drop in the previous quarter. This suggests that the financial ramifications of the Brexit vote are already beginning to hit home and businesses should prepare for the fact that there could be worse to come,…
Zosco has been declared bankrupt by Hangzhou Intermediate Peoples Court. Chinese dry bulk shipping company Zhejiang Ocean Shipping (Zosco) has been declared bankrupt by Hangzhou Intermediate People’s Court, Chinese media reports. The news comes after Zosco’s principal, Zhejiang Transportation Investment Group (Zhejiang Transportation), i… Read the full article at: http://shipandbunker.com/news/apac/257784-chinese-state-run-dry-bulk-company-succumbs-to-bankruptcy
ANZ will concentrate its resources on institutional banking in Asia with the sale of a portfolio of retail and wealth management assets to Singapore-based DBS. The banks chief executive Shayne Elliott told BlueNotes on video from Hong Kong the move followed an extensive review of ANZs mix of businesses in the region and was part…