Shares in FTSE 250-listed miner Ferrexpo lifted more than four per cent in afternoon trading after the Ukraine-based group reported record sales and a bolstered balance sheet. Last year, Ferrexpo sold 11.7m tonnes (mt) of iron ore pellets, which are used in steelmaking, up from 11.3mt in 2015, the group said in a trading update…
Atlantic City might be a financial basket case, and the remaining seven casinos there may be struggling to maintain their share of gaming revenues on the east coast, but MGM Resorts ‘(NYSE: MGM) buyout of its joint venture partner Boyd Gaming (NYSE: BYD) for full control of the Borgata may just be one of the…
Student loan debt is one of the prevalent issues when it comes to higher education. Despite their best efforts, a great percentage of students still graduate from college with an average debt of $30,000. However, parents can help their kids graduate debt-free with these simple strategies. Educate Them Financially In a National Financial Capability Study…
After four years of absorbing tens of millions of US dollars in losses due to electricity theft, and appealing to Jamaicans to stop the illegal activity, the Jamaica Public Service Company (JPS) says it is now ready to name, shame and prosecute offenders. The companys position is stated in its Energy Matters column…
Business,Feature,Sri Lanka | Jan 9, 2017 Sri Lanka being a country that applies Rules of Admiralty as per the English Common Law of Admiralty, any claimant having an interest over a ship in any of the following situations that may relate to a possible action against a vessel of a company before an insolvent proceeding,…
Written by Shamik Chakrabarty | Kolkata | Published:January 8, 2017 4:40 am N.Srinivasan The informal meeting of the ousted/disqualified office-bearers of the BCCI and state associations in Bangalore on Saturday turned out to be a show of unity. As reported by this paper, former ICC and BCCI chief N Srinivasan played the lead, with members…
By Margaret Canning Published 07/01/2017 Share 80 jobs at risk as aerospace firm goes into insolvency BelfastTelegraph.co.uk More than 80 jobs are at risk after a Co Londonderry aerospace firm went into administration. http://www.belfasttelegraph.co.uk/business/news/80-jobs-at-risk-as-aerospace-firm-goes-into-insolvency-35347737.html More than 80 jobs are at risk after a Co Londonderry aerospace firm went into administration. Schivo NI, which bought over…
COMMENT: Just about anybody in Perths building industry and plenty of outside observers would have seen the failure late last month of Diploma Group coming. More inevitable than spectacular, the $50 million collapse of the Di Latte family- controlled company and two construction arms has nevertheless had a damaging impact on hundreds of small business…
KOTA KINABALU: The Malaysian Department of Insolvency (MDI) is seeing increases in bankruptcy cases for the past few years. A total of 8,543 active cases were recorded in Kota Kinabalu at the moment, where 688 cases were recorded last year alone. Bankruptcy is a process where a debtor is declared a bankrupt pursuant to an…
Pune-based UB Engineering Ltd (UBEL), part of the Vijay Mallya-led UB group, has filed for insolvency at the National Company Law Tribunal (NCLT). “The company has dues of around Rs 450 crore to five banks. It has moved the NCLT in Mumbai today,” an official familiar with the development told Business Standard. …