Mexican steelmaker Altos Hornos de México (Ahmsa) announced that it will enter bankruptcy after failing to reach an agreement with creditors, although it continues to work to attract investors to capitalize the company. A second 90-day extension period to negotiate with creditors to end the bankruptcy proceedings came to an end on August 4 without…
The major downside to cryptocurrency is the risk of loss, which is even more difficult to manage when a crypto exchange is holding your keys. In July 2022, two major crypto trading platforms, Voyager and Celsius, declared bankruptcy. In November 2022, crypto exchange FTX suffered a major liquidity crisis and filed for Chapter 11. FTX…
The number of bankruptcies rose again in July. According to Statistics Netherlands (CBS), 24 more companies were declared bankrupt last month than in June, an increase of 6 percent. CBS says the trend in the number of bankruptcies has been rising for more than two years. In the first seven months of 2024, approximately 43…
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Israel says Eilat Port ‘bankrupt’ after months of Houthi naval blockade Middle East Monitor Read the original article here
Sir Bradley Wiggins has admitted that he should have “paid more attention” to his financial affairs while he was a professional rider, as he spoke about his troubles on the record for the first time. Speaking on WEDŪ’s The Forward w/Lance Armstrong podcast last week, the former Tour de France winner and multiple Olympic medal winner said:…
Tritium, the insolvent Australia-based manufacturer of EV-charging equipment, has found a buyer for its assets — India’s largest EV-charger manufacturer Exicom. The acquisition provides hope that a major provider of fast-charging equipment for the U.S. market will be able to avoid layoffs and reduces the risk of further supply disruptions. Under the definitive agreement announced last Thursday,…
If you ask anyone who’s modified their European, Japanese, or even American sports car what reputable wheel brands come from Germany, you’re going to get one answer: BBS. From an official supplier of wheels for some of the hottest performance cars of the ’80s, ’90s, and 2000s to a brand with a rich racing history…
As LL Flooring goes bankrupt, here are the 94 stores holding closing sales MarketWatch Read the original article here
However, talks about bankruptcy started for the company again in 2023. On July 20, 2023, the same Bengaluru bench of NCLT admitted an insolvency plea against Coffee Day Global Ltd. (CDGL), which owns and operates the Cafe Coffee Day chain, over a plea filed by IndusInd Bank, claiming dues of Rs 94 crore. However, it…