On 7 June Intl Bank of Azerbaijan can be declared bankrupt Baku, Fineko/abc.az. The International Bank of Azerbaijan (IBA) can be declared bankrupt on 7 June on American time. Precisely on this day the U.S. court will consider IBAs statement of claim on recognition of its bankruptcy and protection from creditors. The Bank estimated the…
BEIJING – A slew of upbeat economic data pointed to latest restructuring achievements and provided fresh stabilization signs for the Chinese economy. Highly-watched economic figures released Monday, including industrial output, retail sales, fixed-asset investment and housing sales, confirmed the message that the ongoing growth model transitioning is providing new impetus to the world’s second largest…
Reuters Monday 15 May 2017 Dubai-listed conglomerate Gulf General Investment Co(GGICO) said on Monday it expected to complete a restructuring of around Dhs2.36bn ($643m) in loans by next month. The firm, which has investments spanning financial services, property, hospitality, manufacturing and retailing, previously renegotiated Dhs2.8bn in financial commitments in 2012. But the subdued local economy…
OrotonGroup’s major shareholders are under increasing pressure to privatise the upmarket accessories retailer so it can be restructured away from the glare of public markets. Fund managers have stepped up calls for the company to be taken private after its shares went into a trading halt on Monday before another profit downgrade, the second in five…
Debt has been giving consumers a hard time managing their finances and as debt consolidation is able to help people out, National Debt Relief aims to point out common pitfalls people might encounter with the program. The article titled “When Is Las Vegas Debt Consolidation A Bad Idea?” and published March 31, 2017 talks about…
Aussie distributors, Hemisphere Technologies and DPSA, have both been wound up and placed into liquidation, but that hasnt put an end to efforts by two global vendors, Kaspersky lab and Schneider Electric, to recoup cash they claim is owed to them by the local companies. The fallout between DPSA and Schneider Electric was made public…
On May 11, 2017, the Management Board of SolarWorld AG filed for insolvency proceedings at the local court of Bonn. Some of the affiliated companies followed suit on May 12, 2017. The Management of the affiliated companies SolarWorld Industries Sachsen GmbH, SolarWorld Industries Thüringen GmbH, SolarWorld Industries Deutschland GmbH and SolarWorld Innovations GmbH also filed…
Treasurer Ben Wyatt is set to ask parliament to borrow $11 billion to help deal with WA’s crippling debt and to ensure the state doesn’t run out of money by the end of the financial year. Just after Labor smashed the Liberal party at the polls in March, Premier Mark McGowan said the party’s first…
On 7 June Intl Bank of Azerbaijan can be declared bankrupt Baku, Fineko/abc.az. The International Bank of Azerbaijan (IBA) can be declared bankrupt on 7 June on American time. Precisely on this day the U.S. court will consider IBAs statement of claim on recognition of its bankruptcy and protection from creditors. The Bank estimated the…