The High Court has approved a personal insolvency arrangement for a Waterford couple, blocking an attempt by the investment fund which acquired their mortgage to repossess the family home. Shoreline Residential, an affiliate of vulture fund Lone Star, had vetoed an insolvency arrangement presented at a creditors’ meeting and was seeking to repossess the couple’s…
SolarWorld hailed tariff recommendations issued Tuesday by federal trade commissioners, even though the proposed tariffs are less than half what another solar manufacturer had sought. “We are pleased that a bipartisan majority of the Commission has recommended tariffs, tariff-rate quotas and funding for the domestic industry,” SolarWorld chief executive Juergen Stein said in a written…
EasyJet has confirmed a 40m (£35m) deal with Air Berlin to buy part of the insolvent German airline’s operations, in a move that will secure 1,000 jobs. EasyJet will buy some of the company’s assets at Berlin Tegel Airport, including landing slots as well as leases for up to 25 A320 aircraft. The UK airline…
U.S. stock benchmarks added to modest losses Monday afternoon after a report indicated that the House of Representatives is considering phasing in a cut to corporate taxes rather than enacting them immediately. Investors were awaiting a batch of key events later in the week, including a Federal Reserve meeting, the announcement of…
As the emotional final flight of the bankrupt airline, Air Berlin, was taking place on Friday, easyJet was sealing a deal that will transform its status in Germany. The UKs biggest budget airline is paying 40m (£35m) for slots at the German capitals leading airport, Tegel, as well as operating leases on up to 25…
NEW DELHI: India expects a double-digit jump in the World Bank‘s ‘ease of doing business’ rankings which will be released tomorrow. The government hopes the string of reforms it has initiated would reflect in the ranking. In the 2017 report released last year, India ranked at 130 out of the 190 countries evaluated, improving just…
The group has suffering big losses on a couple of resources projects. Indigenous contracting company Eastern Guruma has been put in the hands of administrators after suffering big losses on a couple of resources projects. Eastern Guruma was also caught up in the collapse of joint venture partner Brierty, leaving it with a claim of…
Nagpur: An insolvency petition has been admitted against the Manoj Jayaswal-led Abhijeet MADC Energy Private Limited (AMNEPL) by National Company Law Tribunal (NCLT). The plea was filed by Alchemist Asset Reconstruction Company (AARC) over a loan default of Rs959 crore. Companies under Jayaswal’s Abhijeet Group are sitting on bad loans worth Rs11,000 crore, making it…
Image copyright Getty Images EasyJet has confirmed a 40m (£35m) deal with Air Berlin to buy part of the insolvent German airline’s operations, in a move that will secure 1,000 jobs. EasyJet will buy some of the company’s assets at Berlin Tegel Airport, including landing slots as well as leases for up to 25 A320…
RUGBY UNION: Peter Kurtz admits the enormity of being named Australian rugby’s top volunteer is still sinking in. The Biloela club stalwart was named the HSBC Volunteer of the Year at the Rugby Australia Awards at Royal Randwick in Sydney on Thursday night. He received the accolade at the gala ceremony in front of a…