FRANKFURT (Reuters) – British Airways’ owner IAG <ICAG.L> said on Friday it would buy Niki, Air Berlin’s <AB1.DE> insolvent Austrian holiday airline, for 20 million euros ($24.01 million) and provide additional liquidity to the company of up to 16.5 million euros. The sale to IAG, which had been in exclusive talks for the airline, is…
ALBANY Gov. Cuomo on Friday unveiled set of measures intended to aid New Yorkers struggling with exploding student loan debt. The proposals, which will be part of Cuomos State of the State Address next week, include new financial disclosure requirements for colleges and universities, and new consumer protection standards for the loan…
Navigating complexities of two legal systems requires some expertise Michael J. Venditto, Reed Smith, New York City and Alonso Gómez del Campo, Rodríguez Dávalos Abogados, Mexico City Markets and financial distress do not respect national borders. With no border wall to protect Mexico’s nascent oil and gas industry, it is susceptible to the same economic…
Empty Niki check-in counters are seen at Vienna International Airport in Schwechat Thomson Reuters FRANKFURT (Reuters) – British Airways’ owner IAG said on Friday it would buy Niki, Air Berlin’s insolvent Austrian holiday airline, for 20 million euros ($24.01 million) and provide additional liquidity to the company of up to 16.5 million euros. The sale…
(Adds details, quotes, context) MOSCOW, Dec 29 (Reuters) – Russian coal and steel producer Mechel said on Friday that talks with banks on restructuring a $1 billion syndicated loan had concluded successfully. Mechel, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, had circulated the final draft of a restructuring…
New Delhi: The government has no plans to waive off corporate loans and banks while banks have advised to either resolve their issue of non-performing assets (NPAs), or stressed loans speedily, or start insolvency proceedings in this regard, Parliament was informed on Friday. In a written reply to the Lok Sabha, Minister of State for…
After a few weeks of public turbulence with its board threatening with a total shutdown of operations, the troubled SEKAP tobacco company received a short stay in debt collection by a Greek court. The company was granted a temporary stay in collection measures until January 17, after a decision taken in the administrative court of…
(Adds details, quotes, context) MOSCOW, Dec 29 (Reuters) – Russian coal and steel producer Mechel said on Friday that talks with banks on restructuring a $1 billion syndicated loan had concluded successfully. Mechel, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, had circulated the final draft of a restructuring…
LindonForeverGreen Worldwide Corporation, a global direct marketing company and provider of health and wellness products has completed its planned consolidation and restructuring of the company, including reducing overhead costs, streamlining the companys product offerings, reducing shipping costs, reduction of personnel and consolidating domestic and foreign warehouse and office spaces. These strategies were directed to reduce…
By: PTI | New Delhi | Published: December 29, 2017 5:26 pm Shiv Pratap Shukla was replying to a question if the government has taken note on nation-wide strike by bank employees against various moves, including increase in bank charges, merger of banks and waiver of corporate loans. Related News The government on Friday said…