Turnaround unit accused of cavalier approach James Hurley, Enterprise Editor Thousands of small and medium-sized companies from across Britain were mistreated by RBSs Global Restructuring GroupNEIL HALL/REUTERS Staff at Royal Bank of Scotlands restructuring unit were advised to extract money from small businesses that were in the most financial difficulty, according to a confidential document that…
By MarEx 2017-11-06 19:13:32 Kristin Weyanathabaln, a fisherman in northern Sri Lanka has managed to free himself from of bonded labor. I am now free from debt, the 48-year-old fisherman says. Weyanathabaln had only started fishing in 2010, one year after the end of Sri Lankas civil war that…
NEW YORK–(BUSINESS WIRE)–The Steering Committees of the International Bondholder Committee (the IBC) and the Ad Hoc Group (the AHG) of bondholders (the Oi Creditor Groups) of Oi S.A. and its affiliates (collectively, the Company or the Oi Group) announce that, as disclosed by the Company on November 6, 2017, the Oi Creditor Groups, together with…
Former Serie A club Modena have been declared bankrupt, ending 105 years of their history. Its a sad end for the Canarini, who were locked out of the Stadio Braglia for non-payment of bills, and have not attended the last three Serie C games. Today is set to be the fourth, so failing to turn…
Broadcom has made a $105B bid to buy fellow chipmaker and Apple supplier Qualcomm. When $25B of net debt is factored in, the deal is effectively worth $130B. If the bid succeeded, it would not only be the biggest tech acquisition in history, but might also help resolve the long-running dispute between Qualcomm and Apple…
The local stock barometer surged to a new record finish past 8,500 on Monday as investors took their cue from upbeat sentiment in Wall Street while a corporate restructuring deal at conglomerate San Miguel Corp. excited the market. The main-share Philippine Stock Exchange index racked up 146.94 points or 1.75 percent to close at its…
By John Revill ABB overhauls global Power Grids business, halts production at U.S, Swiss plants ZURICH (Reuters) – ABB <ABBN.S> is reorganizing part of its global power grids operations as the Swiss engineering group responds to the division’s sluggish profitability and falling orders. The move comes as ABB seeks to justify its decision last year…
Published Nov. 6 at 6:03 pm The National Bank of Ukraine (NBU) in Kyiv on Oct. 4. Photo by Julia Berezovska/ Press office NBU Popular on social media The National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central banks website. The NBU Board made corresponding decision No. 708-RSh/BT…
ZURICH (Reuters) – ABB (ABBN.S) is reorganising part of its global power grids operations as the Swiss engineering group responds to sluggish profitability and falling orders in the business. ABB electrical transformer plant in St. Louis, Missouri, U.S. on July 6, 2017. REUTERS/David Lawder ABB said on Monday it was restructuring its operations in North…
RIO DE JANEIRO, Nov. 6, 2017 /PRNewswire/ — OI S.A In Judicial Reorganization (“Oi,” and together with certain of its affiliates, the “Company“), in compliance with Article 157, paragraph 4 of Law 6,404/76 and pursuant to CVM Instruction No. 358/02, hereby informs its shareholders and the market in general that, as described herein, the Company has…