Facial recognition, GPS tracking as SA Govt monitors home quarantine $240k for five days’ food: SA’s eye-watering medi-hotel bill ‘Contrary to public interest’: School planning data kept secret Your views: on a US move, religion and politics, Google and news, universities and JobSeeker Not JUST the footy scores This week, in South Australias first executive…
Big Four accounting and consulting firm PwC has at the dawn of this year appointed 53 fresh partners, with almost half of the new leaders working in its Financial Advisory division. Operating alongside the Assurance and Consulting divisions, PwCs Financial Advisory business provides a range of multifaceted services grounded in financial and economic disciplines. One…
Ai Group has not requested the government extend the program in its present form and has instead suggested industries and businesses directly affected by the pandemic are given extra support including restructuring and business advice. Many businesses linked to inbound tourism, international students, entertainment venues, and passenger transport among others continue to struggle and, in…
In the backdrop of the COVID-19 pandemic and the worldwide economic recession, Finance Minister Nirmala Sitharaman presented her third budget on February 1, 2021, making it her shortest one yet at 10,500 words and lasting around 110 minutes. The focus was to reset the economy by spending heavily on infrastructure development and upping the healthcare…
February 05, 2021 03:43 ET | Source: Luckin Coffee Inc. Coordination between the Cayman Court and the U.S. Bankruptcy Court to Protect the Interests of Stakeholders and Facilitate Luckin Coffees Restructuring of its Financial Obligations All Company Stores Remain Open and Serving Customers in China; No Material Impact on Daily Operations Expected Company Continues to…
Shutterstock The City of London London partners Adam Gallagher and James Watson join as European investment drive continues Simpson Thacher & Bartlett has hired a pair of experienced insolvency lawyers to help establish a European restructuring practice in London. Adam Gallagher and James Watson join as partners from Freshfields Bruckhaus Deringer and Kirkland & Ellis…
Jim Farley, Ford CEO Ford DETROIT Ford Motor CEO Jim Farley is promising something Wall Street has been asking from the storied American car manufacturer for years: A clear and decisive plan as the auto industry transitions to electric vehicles. In the coming months, Farley said he “will lay out the entire picture” for Ford.…
The agreement will make Jack Mas fintech giant subject to capital benchmarks similar to those for banks. Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Mas fintech giant into a financial holding company, making it subject to capital requirements similar to those for banks. The plan calls…
Jack Mas Ant Group has reached a deal with Chinese regulators to restructure its business after they raised issues that halted its $37bn initial public offering last year, according to several people familiar with the situation. The proposed restructuring will involve Ant placing all of its major businesses, including its technology units, inside a financial…
HOUSTON–(BUSINESS WIRE)–Superior Energy Services (Superior or the Company) announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on January 19, 2021. The Company emerges with a strengthened…