This restructuring, combined with the continuing strength in steel and iron ore markets, will present a solid basis for the future of Liberty, the statement said. Mr Guptas broader GFG Alliance, which also includes a global aluminium business, an energy business and a property portfolio, had borrowed as much as $6 billion from Greensill Capital.…
A hair and beauty salon operator in dispute with her landlord over rent arrears has asked the High Court for orders temporarily allowing her back into her workplace. Sinead Connolly has operated the Sin E Hair and Beauty Salon from Unit 2 at the Charlesland Shopping Centre in Greystones, Co Wicklow, for over a decade.…
By Reuters Staff 2 Min Read SYDNEY, May 6 (Reuters) – Qantas Airways Ltd said on Thursday it would keep its corporate headquarters in Sydney and low-cost arm Jetstar would retain its head office in Melbourne after reviewing its property portfolio in an effort to cut costs during the pandemic. It will make some smaller…
Political turmoil in Chad has cast doubt over the Central African oil producer’s efforts to agree relief on its nearly $3 billion debt burden, widely seen as a test case for a global plan to help the world’s most indebted countries. Six months ago, the Group of 20 (G20) major economies launched a common framework…
MUMBAI : The Reserve Bank of India (RBI) on Wednesday allowed banks and non-banks to extend benefits provided to individual customers and small businesses under the covid restructuring framework, which was made available last year. Small businesses and financial entities at the grass-roots level are bearing the biggest brunt of the second wave of infections,”…
The Reserve Bank of India reopened a one-time debt restructuring scheme as the economy braces for the impact of a renewed surge in Covid-19 cases. Retail borrowers and small businesses will be permitted to recast their loans, without being downgraded to non performing category, under the scheme. The one-time restructuring scheme will be available for…
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo India’s central bank unveiled measures to help lenders tide over mounting bad loans, also providing relief to individual borrowers by including one-time debt restructuring for loans, as COVID-19 infections in…
Busting at the seams to get going again. When I began building my fashion identity 10 years ago, I turned to Australian designers for direction. At the top of that list was Life With Bird. It was the first designer piece I saved up to buy a simple woven black jumper that (despite multiple elbow…
The government has filed a bankruptcy notice against Najib as a debtor for failing to pay income tax amounting to RM1.69 billion. KUALA LUMPUR: Former prime minister Najib Razak has yet to be declared bankrupt over his failure to pay RM1.69 billion in additional income tax arrears to the Inland Revenue Board (IRB), according to…
The ABA has welcomed the Federal Treasurers release of new regulations that licence debt management firms on 30 April 2021, a change called for by the ABA. ABA CEO Anna Bligh said, together with changes made last year by the banking sector, these new regulations would will strengthen protections for customers. I welcome these changes…