China Development Bank Pushes Reliance Communications Closer to the Edge – Fox Business

The debt woes of one of India’s leading wireless carriers Reliance Communications have deepened this week thanks to an unlikely new source of pressure — a leading state-owned Chinese bank. Continue Reading Below It emerged late Monday that China Development Bank, a policy bank which often helps fund Chinese companies’ investments overseas, had late last…

Cash-strapped tennis legend Boris Becker sues ex-manager for ‘failing to pay him for lucrative personal appearances … – The Sun

CASH-strapped tennis legend Boris Becker is taking his ex manager to court as the pain of his bankruptcy begins to bite. Former mentor Sascha Rienne has been called to appear before the courts in Cologne in January accused by sporting ace Boris of failing to properly pay him for lucrative personal appearances. Splash News Becker, who…

RCom Shares Plunge After Reports Of CDB Pursuing Insolvency Case Against It – NDTV

RCom shares fall on Tuesday Reliance Communications (RCom) Ltd’s shares fell sharply on Tuesday morning after media reported that China Development Bank was pursuing insolvency proceedings against the company. China Development Bank (CDB) filed an insolvency petition against Reliance Communications to the National Company Law Tribunal to recover about 114.6 billion rupees ($1.8 billion), reports…

RCom shares slide after reports of CDB pursuing insolvency case against it – Reuters

MUMBAI, Nov 28 (Reuters) – Reliance Communications Ltds shares fell sharply on Tuesday morning after media reported that China Development Bank was pursuing insolvency proceedings against the company. China Development Bank (CDB) filed an insolvency petition against Reliance Communications to the National Company Law Tribunal to recover about 114.6 billion rupees ($1.8 bln), reports from…

Boris Becker insists his bankruptcy is a ‘big misunderstanding’ as he vows to settle his debt and ‘move on with his … – Daily Mail

By Lisa Mcloughlin For Mailonline Published: 06:07 AEDT, 28 November 2017 | Updated: 06:13 AEDT, 28 November 2017 e-mail View comments His financial woes hit the headlines in June after it was reported that he never paid back an undisclosed debt to a private bank. And now Boris Becker, 50, has insisted that his bankruptcy was…

Insolvency ordinance levels field, not anti-promoter: Government – Economic Times

NEW DELHI: The insolvency ordinance provides a level playing field to all parties interested in participating in the resolution process and there are enough players to ensure that competitive bids are made for stressed assets, said government officials, as they defended the new measures that prevent errant promoters from trying to reacquire assets till they…

Founder of Germany’s failed Schlecker drugstore convicted, children jailed – Yahoo7 News

STUTTGART (Reuters) – The founder of Germany’s failed Schlecker drugstore chain got a suspended sentence and his two children got jail terms on Monday for taking money from the company before its collapse. Founder of collapsed German drugstore chain Schlecker gets suspended prison term Workers who lost their jobs when the firm shut its stores…