By Joo Kyung-don SEOUL, Jan. 23 (Yonhap) — LG Electronics Inc. can improve its corporate value by restructuring its money-losing mobile business, analysts here said Saturday, as the South Korean tech giant can better focus on its future growth engines for the post-pandemic era. LG Electronics on Wednesday announced that its mobile communications (MC) unit…
Highlights Vale to progress Moatize mine plan until buyer found Moatize has 22 mil mt/year coal production capacity London Brazilian miner Vale said Jan. 21 that it will exit the coal market as part of its commitment to become carbon-neutral by 2050 and reduce 33% of its Scope 1 and 2 emissions by 2030. Not…
Accountancy and business advisory firm Johnston Carmichael has strengthened its restructuring team with the appointment of Graeme Bain as an appointment-taking director. Mr Bain (pictured), a licensed insolvency practitioner, joined the company as a director in 2017, can now be appointed to oversee formal insolvency appointments. His progression comes after a 20-year career in restructuring,…
Gibson Dunn | Gibson Dunn Recognized in 2020 GRR 100 January 20, 2021 Global Restructuring Review listed Gibson Dunn in the GRR 100, the annual guide to the worlds leading law firms for cross-border restructuring and insolvency matters. The publication noted that, Gibson Dunn & Crutcher has long been considered a leading name in US…
PARIS–(BUSINESS WIRE)–Regulatory News: Europcar Mobility Groups (Paris:EUCAR) Extraordinary General Meeting was held on January 20, 2021 under the chairmanship of Mr. Jean-Paul Bailly, Chairman of the Supervisory Board. A quorum of 37,25% was reached. In light of the COVID-19 epidemic and in accordance with Order No. 2020 – 1497 of December 2, 2020, the Extraordinary…
January 20, 2021 14:27 ET | Source: Extraction Oil & Gas, Inc. Company Achieves $1.3 Billion Reduction in Funded Debt and Preferred Equity; Names New Board and Leadership; Commences Trading on NASDAQ Under XOG on January 20, 2021 Extraction to embrace new E&P business and governance model DENVER, Jan. 20, 2021 (GLOBE NEWSWIRE) — Extraction…
KUALA LUMPUR: Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has successfully obtained the approval from the UK Court to proceed with a major component of the comprehensive restructuring of the group. That court decision was a major milestone towards securing the airline’s future following the severe impact of the Covid-19 pandemic on…
Customers who have gone for loan restructuring between December and March 31 will be roughly about 1-1.2% of our portfolio, says Shyam Srinivasan, MD & CEO, Federal Bank Earlier, you had projected that Rs 3,500-crore loans will need to be restructured but the request has come for only Rs 1,500 crore. It is great news…
10:17 AM PST 1/19/2021 by Alex Weprin The company had added to its workforce to help with its coverage of the 2020 election, and with the election over the company is adjusting its staffing to account for the less intense news cycle. Fox News Digital is laying off staff as a continuation of restructuring plans…
FW discusses reorganisation and growth strategies in 2021 with David Bryan at BM&T. FW: How would you describe the organisational challenges facing businesses in the wake of the coronavirus (COVID-19) pandemic? In general, how would characterise their prospects for growth in the months ahead? Bryan: The challenges for businesses are many and varied. After what…