Australia has argued its own approach is transparent and would not overburden these nations. It has also welcomed co-operation with China.

But Senator Fierravanti-Wells has written in an opinion article for The Sydney Morning Herald and The Age that a region that already owed about $5.5 billion to international creditors didnt need to be saddled with more debt.

Having been critical of debt-trap diplomacy, will we not be equally guilty of burdening the Pacific with more debt? We might argue that our debt is more transparent than Beijings and therefore better debt. This is not only disingenuous but it is not in the long-term interests of PICs [Pacific island countries], she says.

Senator Fierravanti-Wells also questioned whether the Departmen…

Read the full article at: https://www.smh.com.au/politics/federal/former-liberal-minister-blasts-morrison-government-over-pacific-debt-20190116-p50rr1.html

Pearson said revenue at a key U.S. business fell 5 percent and forecast a possible similar drop next year as the education publisher undergoes a major restructuring to focus on boosting its digital content.

The FTSE 100 company has struggled to grow its U.S. higher education courseware (HECW) as students have moved away from new textbooks for second-hand copies and digital learning materials.

After a few tumultuous years, Pearson had pinned its restructuring hopes on the business, calling it last year the “single biggest opportunity” to gain share through its digital transformation…

Read the full article at: https://www.cnbc.com/2019/01/16/pearson-sees-cost-cuts-bearing-fruit-as-digital-push-advances-.html

NEW YORK–(BUSINESS WIRE)–Aegean Marine Petroleum Network Inc. (NYSE:ANW) (Aegean or the
Company) announced that the U.S. Bankruptcy Court for the Southern
District of New York (the Court) has approved its revised final motion
related to $535 million in aggregate Debtor-in-Possession financing (the
DIP Facility) from Mercuria Energy Group Limited (Mercuria), one of
the worlds largest independent energy and commodity companies. The
Court also approved the Companys Restructuring Support Agreement (the
RSA) with Mercuria, the Official Committee of Unsecured Creditors of
Aegean, American Express Travel Related Services Company, Inc., and
certain holders of the Companys …

Read the full article at: https://www.businesswire.com/news/home/20190116005350/en/Aegean-Marine-Petroleum-Network-Achieves-Significant-Milestones

This report by Research For Market brings to you all the vital company profiles needed to be in the competition for the Credit Settlement Market . With the help of SWOT analysis, the report tells you about all the market restrain and drivers to be followed in the forecast period of 2018-2023 while explaining the Data Centre Market definition, classifications, applications, and engagements and providing all the figures of CAGR levels in the historic year 2016, base year 2017 and forecast year 2018-2023.

Credit Settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. According to this study, over the next five years the Credit Settlement marke…

Read the full article at: https://www.journaldairy.com/credit-settlement-market-top-companies-profiled-are-guardian-debt-relief-debt-dr-premier-debt-help-freedom-debt-relief-national-debt-relief-llc-rescue-one-financial-061657/

An insolvency court in Mumbai has ordered the liquidation of Bharati Defence and Infrastructure Ltd, after rejecting the resolution plan submitted by Edelweiss Asset Reconstruction Co Ltd, leaving two dozen defence vessels stranded and a clutch of lenders standing to lose as much as 11,373.40 crore the debt-laden shipbuilder owes them.

More than 850 employees would lose their jobs in what was once Indias second biggest private shipyard with a much sought-after license from the government to build warships.

Uncertainties and speculation

By throwing out the resolution plan, the Mumbai bench of the National Company Law Tribunal(NCLT), has foiled the game plan of Edelweiss ARC, said a person tracking the case.

The resolution plan was backed by…

Read the full article at: https://www.thehindubusinessline.com/companies/nclt-orders-liquidation-of-bharati-shipyard/article26000863.ece

The Philippine business community was rocked on Jan. 8 by the announcement of the bankruptcy of Hanjin Heavy Industries and Construction Philippines the Korean shipbuilding company based in the country.

The biggest corporate bankruptcy. This is the biggest corporate bankruptcy to ever hit the Philippines. Hanjin is the biggest foreign investor in the Subic Bay Freeport Zone.

According to news reports, the firm has sought, in a court filing before the regional court in Subic, voluntary rehabilitation under Republic Act 10142. This law, only recently passed in 2010, provides the appropriate mechanisms for the rehabilitation or liquidation of financially distressed companies.

Hanjin Philippines has become financ…

Read the full article at: https://www.philstar.com/business/2019/01/16/1885352/hanjin-philippines-shipbuilding-bankruptcy

(Reuters) – Pearson Plc (PSON.L) said revenue at a key U.S. business fell 5 percent and forecast a possible similar drop next year as the education publisher undergoes a major restructuring to focus on boosting its digital content.

The FTSE 100 company has struggled to grow its U.S. higher education courseware (HECW) as students have moved away from new textbooks for second-hand copies and digital learning materials.

After a few tumultuous years, Pearson had pinned its restructuring hopes on the business, calling it last year the single biggest opportunity to gain share through its digital transformation. …

Read the full article at: https://www.reuters.com/article/us-pearson-outlook/pearson-shares-down-as-core-us-business-revenue-stumbles-idUSKCN1PA187

(Reuters) – Pearson Plc <PSON.L> said revenue at a key U.S. business fell 5 percent and forecast a possible similar drop next year as the education publisher undergoes a major restructuring to focus on boosting its digital content.

The FTSE 100 company has struggled to grow its U.S. higher education courseware (HECW) as students have moved away from new textbooks for second-hand copies and digital learning materials.

After a few tumultuous years, Pearson had pinned its restructuring hopes on the business, calling it last year the “single biggest opportunity” to gain share through its digital transformation.

But now, Pearson forecast U.S. HECW revenue, which accounts for less than 25 percent of total company revenue, to be flat to down as m…

Read the full article at: https://www.euronews.com/2019/01/16/pearson-sees-cost-cuts-bearing-fruit-as-digital-push-advances