Representative Trey Hollingsworth Seeks Help With Campaign Debt – Indiana Public Media

Photo: Trey Hollingsworth Trey Hollingsworth won the 9th District congressional seat vacated by Todd Young. Indiana Representative-elect Trey Hollingsworth is asking for help repaying some of his campaign loans. Hollingsworth spent more than $3 million of his own money on his campaign for Indianas Ninth Congressional seat. Some say his attempt to recoup some of…

James Packer’s Crown doubles down on its Macau exit with $300m sharesale to investors – The Sydney Morning Herald

James Packer’s Crown Resorts has doubled down on its massive retreat from its international operations, agreeing to sell a further $300 million of its stake in its Macau casinos.  Crown announced on Friday it had entered an underwriting agreement to sell 40.9 million shares in Melco Crown Entertainment to institutional investors, in addition to the 98 million shares it said on Thursday would…

Bank of Canada sees risks from household debt, housing market imbalances – The Sydney Morning Herald

The Bank of Canada said elevated levels of household debt and imbalances in the housing market remain the primary risks to the country’s financial system, dangers that new government rules will mitigate over time. “Overall, the risk of nationwide household financial stress combined with a sharp correction in house prices across the country remains ‘elevated,’”…

Greece’s European creditors suspend debt relief measures – Daily Sabah

European creditors on Wednesday pulled a recently announced debt relief package for Greece in protest at subsequent budget spending measures announced by Athens. At a meeting of the eurozone’s 19 finance ministers, Greece’s creditors offered some immediate debt help to Greece. They include smoothing some of Greece’s repayments to prevent debt humps and a…

Creditors scold Athens but leave window of hope over debt relief measures – Kathimerini

A statement by the countrys international creditors Thursday denounced the governments controversial Christmas bonus payment for low-income pensioners but left a window of hope that the crisis will be overcome by leaving the decision for short-term relief measures to eurozone countries. Euro-area member-states will decide how to proceed with the short-term debt measures agreed in…

Takata restructuring delayed as bidders assess business, report says – Automotive News (subscription) (blog)

TOKYO — Takata Corp.s selection of a bidder is running behind schedule as the shortlisted companies embark on a more thorough review of the airbag maker behind the biggest auto safety recall, people familiar with the matter told Bloomberg. The successful bidder may only be named sometime in the January-to-March quarter, the people said, asking…

IBBI notifies norms for liquidation process – Economic Times

NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) today notified regulations for liquidation process whereby an insolvency professional is barred from acting as a liquidator unless that individual is independent of the corporate debtor concerned. The regulations come into force with immediate effect. IBBI, set up under the Insolvency and Bankruptcy Code, seeks…