FILE PHOTO: Company logo of Noble Group at headquarters in Hong Kong Thomson Reuters By Anshuman Daga SINGAPORE (Reuters) – Commodities trader Noble Group has finalized a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial…
JUST one week after Doughnut Time announced they were closing a large portion of their stores in a desperate bid to save the brand, the companys few remaining employees have been notified via text message they no longer have a job. Last week, it was reported the doughnut chain would be sold by founder Damien…
Listed real estate business McGrath (ASX: MEA) says it has “further information” and is seeking “urgent clarification” from founder John McGrath over media reports he has $16.2 million in gambling debts. McGrath shares were placed in a trading halt on Thursday as outgoing CEO Cameron Judson said further updates would be contingent on John…
By Anshuman Daga Noble Group clinches restructuring deal with group of creditors SINGAPORE (Reuters) – Commodities merchant Noble Group <NOBG.SI> has finalised a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial to its survival. The…
KUALA LUMPUR: There are still more than 300,958 bankrupt Malaysians despite the amendments to the insolvency law to help reduce the number, the Dewan Rakyat was told. Deputy Minister in Prime Minister’s Department Datuk Razali Ibrahim said the government is still working hard to reduce the total number of bankrupts, which has come up to…
SINGAPORE (Reuters) – Commodities merchant Noble Group (NOBG.SI) has finalised a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial to its survival. FILE PHOTO: The company logo of Noble Group is seen at its headquarters…
“It’s pretty often that retailers want to try to take advantage of the situation to try to get cheaper rents,” he said. To be fair, Oroton would probably never been able to pull off getting out of onerous property leases without the cover provided by company administration. For the administrators and for Vicars, who is the…
(Repeats for wider distribution) By Jessica DiNapoli NEW YORK, March 14 (Reuters) – As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Streets nine-year bull market, one corner of the financial industry is cheering. Debt restructuring experts are gearing up for a…
John Walsh, Ireland Business Editor Around 400 insolvency cases are thought to be on hold over interpretation of the lawGETTY IMAGES Any change to the rules that would enable debtors to challenge directly a banks rejection of their loan restructuring will be made as an amendment to personal insolvency legislation, the finance minister has said. On February…
With today’s far-reaching measures, the Commission is delivering on the Council’s Action Plan to address the high stock of NPLs and prevent their possible future accumulation. It builds on ongoing efforts by Member States, supervisors, credit institutions and the EU: this has led to stocks of NPLs declining in recent years across banks and EU…