Over 94,000 declared bankrupt since 2013 – The Malaysian Reserve
Over 94,000 declared bankrupt since 2013 The Malaysian Reserve Read the original article here
Waterford couple’s mortgage debt written down over objection of vulture fund – RTE.ie
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 case: Trade panel recommends tariffs to Trump – OregonLive.com
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 agrees 40m deal with insolvent Air Berlin – BusinessGhana
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…
Corrections for global markets – Malta Independent Online
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…
Shutters down for Air Berlin as easyJet pounces on its assets – The Independent
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…
Ease of doing business: 3 factors Modi is counting on for a jump in World Bank’s rankings – Economic Times
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…
Administrators take charge of indigenous contractor Eastern Guruma – The West Australian
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…
Tribunal admits insolvency petition against Abhijeet’s Mihan power co – Times of India
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…
EasyJet agrees 40m deal with insolvent Air Berlin – BBC News
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…