Tue, Jan 30, 2018 – 5:07 PM UPDATED Tue, Jan 30, 2018 – 6:54 PM THE details of Noble Group’s restructuring plan have upset at least one major shareholder, who is calling on Singapore regulators to investigate the distressed commodity trader. Abu Dhabi’s Goldilocks Investment Company, which holds 8.1 per cent of Noble, on…
NEW YORK (AP) A reputed Philadelphia mob boss known for beating murder raps, surviving attempts on his life and reinventing himself as a restaurateur is back in court facing federal fraud charges. Opening statements in the trial of Joseph “Skinny Joey” Merlino are set for Tuesday in federal court in Manhattan. Merlino, 55, was among…
Image copyright Reuters For 10 years, the Carillion pension trustees tried to get the company to pay in more money to the scheme without success. There was no agreement from 2008 onwards between the company and the trustees about the correct level of contribution over that decade and according to Robin Ellison, the chair of…
Jim Pickard and Josephine Cumbo January 30, 2018 The head of Britains accountancy watchdog has been grilled about its failure to spot growing problems at Carillion, the collapsed construction company. Appearing before MPs at the start of an investigation into Carillions demise, Stephen Haddrill, chief executive of the Financial Reporting Council, rejected accusations that the…
Dealing with phoenix companies Published: 30 January, 2018 Sarah Carlton examines the business practice of launching a phoenix company after insolvency. Its a sad fact of life that businesses can and do fail. Sometimes the failure is deliberate, but often there is nothing sinister the company may have been wounded fatally by a lost contract,…
Tue, Jan 30, 2018 – 5:07 PM UPDATED Tue, Jan 30, 2018 – 6:54 PM THE details of Noble Group’s restructuring plan have upset at least one major shareholder, who is calling on Singapore regulators to investigate the distressed commodity trader. Abu Dhabi’s Goldilocks Investment Company, which holds 8.1 per cent of Noble, on…
NEW YORK (AP) A reputed Philadelphia mob boss known for beating murder raps, surviving attempts on his life and reinventing himself as a restaurateur is back in court facing federal fraud charges. Opening statements in the trial of Joseph “Skinny Joey” Merlino are set for Tuesday in federal court in Manhattan. Merlino, 55, was among…
PTI | Updated: Jan 30, 2018, 10.31AM IST NEW DELHI: Japanese imaging and electronics majors Indian subsidiary Ricoh India has filed for insolvency proceedings as it is unable to meet its liabilities. The company has filed an application under Section 10 of the IBC before the National Company Law Tribunal, it said. “The company has…
KPIT Technologies has announced a restructuring process where they will, in step one, amalgamate KPIT Technologies with BirlaSoft and, in step two, demerge the engineering business of KPIT into KPIT Engineering Ltd and then at some point in time both of these entities will be listed. In an interview with CNBC-TV18, Kishor Patil, Co-Founder, CEO…
by Jack Farchy When Swiss commodity trader Andre & Cie went bust 17 years ago, Richard Elman pounced. He bought its Asian grains business for next to nothing as part of an acquisition spree that would make his own fledgling company, Noble Group, into Asia’s biggest commodity trader within a decade. Elman, 77, has watched…