* Move will help airline reduce debt * Founders to raise combined stake to nearly one-third (Adds details of fund raising, analyst quote) By Anshuman Daga and Saeed Azhar SINGAPORE, April 1 AirAsia Bhd’s founders tightened their grip on Asia’s biggest budget airline with a deal to invest 1 billion ringgit ($257 million) in it,…
Two years ago, the International Monetary Fund (IMF) expressed concern that African countries rushing to issue Eurobonds risked raising their debt levels and undermining growth in the process. The argument detailed that they could end up facing hikes in the exchange rates, which would make repaying debts problematic. Today, several of those countries which the IMF expressed those…
ADVISERS from Citizens Advice East Staffordshire are there to offer people help sort out problems with debt. ANDREW MUSGROVE reports. DEBT can be a scary word. For a short, four letter word, it can really spark fear in people pushing them into a dark and dangerous spiral where they feel they have nowhere to turn.…
March 30, 2016: Tata Steel is finally getting ready to exit the ailing European steel market, which it entered in 2007 in a big way with the acquisition of Anglo-Dutch steelmaker Corus. The $13-billion acquisition, a large part of which was debt-funded, catapulted Tata Steel into one of the worlds largest steelmakers. But it soon…
One year after opening in Australia, Hogan Lovells has announced its first round of partner hires, including recruits from two globals and one major national. Hogan Lovells launch partners Tim and Nicky Lester, formerly of Allens, announced that four new partners will join the firm. Richard Hayes, a leveraged and acquisition finance specialist, will come…
Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this happening, the housing market has been flooded with new loans in recent months, exposing the economy to new risks. The central government…
The Bankruptcy (Consolidation) Bill is very welcome. Although it does not make any substantive changes to personal insolvency law in Scotland, it does bring the Scottish law on bankruptcy together into one piece of well-ordered and logical legislation. The changes introduced to the Scottish personal insolvency regime over the past few decades have been necessary…
A comparison of debts acquired by graduates elsewhere in the world (particularly in the US) suggest Australian students are not badly off. Photo: Canberra Times Student debt incurred under the the Higher Education Loan Program represents a large and growing problem for the federal government and for taxpayers. Of the estimated $30 billion on the Commonwealth’s…
Editorial A comparison of debts acquired by graduates elsewhere in the world (particularly in the US) suggest Australian students are not badly off. Photo: Canberra Times Student debt incurred under the the Higher Education Loan Program represents a large and growing problem for the federal government and for taxpayers. Of the estimated $30 billion on…
Essar Steel Minnesota, a U.S. affiliate of Indias Essar Global Group, has hired financial and legal advisers to help it restructure its debt, Reuters reported last week, citing sources familiar with the matter. The company is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota. Its woes underscore…