FRANKFURT The European Central Bank is planning to give euro zone banks non-binding guidance by the end of 2016 or early 2017 to cut their bad debt pile, raising the heat on lenders but not forcing their hand, sources said. The ECB, which supervises 129 of the biggest banks in the euro zone, will eventually…
Robert Charles Mike’s Organic Brewery owner Ron Trigg said the company’s inability to pay an excise duty debt lead to it being put into voluntary liquidation. Taranaki’s pioneering craft beer company has been put into liquidation. White Cliffs Organic Brewery Ltd, which operates Mike’s Organic Brewery just north of Urenui, went into voluntary liquidation on Wednesday. Owner…
Robert Charles Mike’s Organic Brewery owner Ron Trigg said the company’s inability to pay an excise duty debt lead to it being put into voluntary liquidation. Taranaki’s pioneering craft beer company has been put into liquidation. White Cliffs Organic Brewery Ltd, which operates Mike’s Organic Brewery just north of Urenui, went into voluntary liquidation on Wednesday. Owner…
Potential buyers for some of Hacketts betting shops have approached the liquidators that took over the business yesterday. The High Court appointed Declan McDonald and Ken Tyrrell of PWC as provisional liquidators to Hacketts Bookmakers, yesterday at the request of its directors. The liquidation resulted in the loss of 35 jobs and the closure of…
IT is the end of the road for embattled special-purpose acquisition company (SPAC) Sona Petroleum Bhd as it prepares to be delisted after failing to make its qualifying acquisition (QA). Managing director Datuk Seri Hadian Hashim said the company is identifying liquidators so that it can return shareholders investments. Sona will undertake the process of…
Getting Greece back on the path to growth is a challenging and multidimensional task. A strong financial sector is an important start and would be the best tool to restore investor confidence and kick-start credit growth, especially for small and medium-sized enterprises (SMEs), which in Greece account for 86 percent of jobs and more than…
A New South Wales-based poster manufacturer that was contracted to supply banners for the Labor Partys election campaign banners has collapsed into liquidation. Roller Poster has been in operation since 1994, claiming on its website its still on a roll. The company was in the middle of completing a $100,000 contract to the Labor party to print…
Our intention is to return the money to shareholders as soon as we personally can, but it is driven by the liquidation process and the liquidator. It would be unfair for me to say this month or that month. We have no interest in holding back the money and neither does the liquidator, Hadian said.…
Reese Witherspoon was due to speak at event for Simpatico Connection The $3000-a-head event was to be held at the Dockside Pavilion in Sydney Simpatico Connection has gone into liquidation with debts of $2.1 million Poor ticket sales are considered as a factor in the company’s troubles Reese Witherspoon has yet to comment on the event’s cancellation…
The Federal Reserves legal authority to give Puerto Rico emergency funding to help it emerge from a $70 billion debt crisis is extremely limited, Fed Chair Janet Yellen told senators on Tuesday. I think our authority is extremely limited, and it wouldnt be appropriate for us to give loans to Puerto Rico, Yellen said in response to…