Singapore-listed Noble Group Ltd halted trading of its shares on Thursday after defaulting on a $394 million bond that matured this week, as the commodity trader seeks a $3.4 billion debt restructuring seen as critical for its survival. Noble’s restructuring deal has been opposed by some bondholders and shareholders, including Goldilocks Investment Co, which has…
Peter ODwyer, Senior Ireland Business Reporter The business restructuring unit operated across the RBS Group including through Ulster Bank in the Republic and Northern IrelandAIDAN CRAWLEY/BLOOMBERG/GETTY IMAGES The Central Bank has been in contact with the UKs Financial Conduct Authority in relation to Ulster Banks controversial business restructuring unit. Paschal Donohoe, the finance minister, has confirmed the contact…
Veteran retailer Solomon Lew says Myer’s first-half result – a record $476 million bottom line loss – provides further evidence that the board should be replaced as soon as possible. Mr Lew, who is threatening to overthrow the entire Myer board after losing about $63 million on its $101 million stake in Myer over the…
The cost of Noble Group Ltd.s restructuring is likely to top $100 million, another financial burden for the cash-strapped commodities trader that has defaulted on its bonds. The estimated price tag for advisers and other expenses, based on disclosures in regulatory filings, is approaching the companys entire market value of $114 million as Noble pays…
SPH Magazines, the magazine arm of Singapore Press Holdings (SPH), will launch a major restructuring exercise to consolidate its position as a major digital network in the magazine space. With the restructuring, SPH Magazines’ staffing will be reduced from 379 – as of August last year – to about 300, mostly through ongoing staff attrition…
Wed, Mar 21, 2018 – 5:50 AM Singapore SPH Magazines, the magazine arm of Singapore Press Holdings (SPH), will launch a major restructuring exercise with the aim of consolidating its position as a major digital network in the magazine space. With the restructuring, SPH Magazines’ staffing will be reduced from 379 – as of August…
SEATTLE–(BUSINESS WIRE)–JND eDiscovery, a division of JND Legal Administration, has appointed David Hanika as regional vice president in the Pacific Northwest. David will be working out of JNDs headquarters in Seattle, Washington. In his role, David is responsible for business development in all areas of eDiscovery, forensics, managed services, litigation readiness and analytics. As JND…
Tuesday 20 March 2018 UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has ordered the formation of a committee to oversee the financial restructuring of companies in the country. The resolution follows the introduction of a bankruptcy law at the beginning of last year designed to help businessmen…
Tue, Mar 20, 2018 – 11:37 AM SPH Magazines, the magazine arm of Singapore Press Holdings, will lay off 13 staff members this month as part of a major restructuring exercise. This comes amid efforts to prepare its suite of magazines for a digitally-driven future, the company said in a statement on Tuesday. SPH Magazines…
SPH Magazines has reported that it will launch a major restructuring exercise to prepare its suite of magazines for a digitally-driven future. With the restructuring, the groups staffing will be right-sized from 379 (as at Aug 2017) to about 300. This reduction has largely already been achieved through ongoing staff attrition and redeployment. However, 13…