Reuters/Singapore Singapore-listed Noble Group Ltd faces a make-or-break shareholders meeting tomorrow as investors vote on a $3.5bn debt restructuring plan that its creditors and board say is vital to prevent insolvency.The company, once a global commodity trader with ambitions to rival Glencore or Vitol, has shrunk to an Asian-centric business focused on coal and freight…
Directors who have dissolved companies to avoid paying staff or pensions could be fined or disqualified for the first time, the government has announced. In a package of reforms announced today, struggling companies will be given more time to explore rescue options while shareholders will be given more powers to hold boardrooms to account. Greg…
24 August 2018 – 13H43 © AFP/File | Italian Prime Minister Giuseppe Conte met Donald Trump at the White House in late July ROME (AFP) – US President Donald Trump promised to help Italy finance its public debt, which is the largest in Europe, the daily Corriere della Sera reported Friday. The paper quoted Italian Prime…
MILAN (Reuters) – U.S. President Donald Trump told the Italian Prime Minister Giuseppe Conte in a recent meeting in Washington the United States was ready to offer Italy help in funding its public debt next year, Il Corriere della Sera reported on Friday. FILE PHOTO: U.S. President Donald Trump reaches out to Italy’s Prime Minister…
Advertising Feature Money worries: Nearly one in three Australians are feeling financially stressed, so if you are drowning in debt, the first step is to work out if bankruptcy is right for you. If you are facing severe money-troubles, in no way are you alone. In fact, according to The Australian Financial Security Authority, there…
SINGAPORE (Reuters) – Singapore-listed Noble Group Ltd (NOBG.SI) faces a make-or-break shareholders meeting on Monday as investors vote on a $3.5 billion debt restructuring plan that its creditors and board say is vital to prevent insolvency. FILE PHOTO: Noble Group founder Richard Elman at the company’s Hong Kong offices/File Photo The company, once a global…
Dear Sir/Madam, This is to inform you that Metalyst Forgings Limited (“MFL”) is undergoing the Corporate Insolvency Resolution Process under the provisions of the Insolvency and Bankruptcy Code, 2016 (“Code”), in terms of order passed by the Honble National Company Law Tribunal (“NCLT”), Mumbai Bench, with effect from 15.12.2017. Mr. Dinkar T. Venkatasubramanian was initially…
As the Reserve Bank of Indias (RBI) deadline to resolve large stressed assets ends on Monday, as many as 60 stressed loan accounts worth over Rs 3 lakh crore stare at insolvency proceedings. This is a direct impact of the central banks circular released on February 12. Bankers are attempting to resolve the non-performing assets…