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LOS ANGELES-LONG BEACH, Calif., Jan. 19, 2019 /PRNewswire-PRWeb/ — There are a number of financial steps people can make at the start of the year and National Debt Relief shares some of them. The article titled “6 Smart Financial Steps You Absolutely Need to Take This Year” released January 7, 2019, gives consumers some insights on specific money moves they can make to improve their finances for the year.
The article starts off by highlighting the fact that there are a number of smart financial moves consumers can make to help prepare them for the year. The objective is that these decisions will impact peoples finances for the whole year. This will help them reach their long term goals faster and strengthen their finances as …
The National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party other than the applicant who has taken a company to the NCLT and the company which is the corporate debtor itself.
We may observe that except the applicant (financial creditor) and the corporate debtor, there is no requirement of hearing a third party including intervenor at the stage of admission, the NCLAT said. IDBI Bank had moved NCLAT against the repeated adjournments in NCLT Kolkata during the corporate insolvency resolution case filed by it against Odisha Slurry Pipeline Infrastructure Limited.
With the deadline of Brexit coming closer, QBE Insurance Group Limited (ASX: QBE) is looking well prepared to handle it with the recently received approval from UKs High Court for its post-Brexit restructuring plans in the UK. With the Courts approval, the company has completed its Part VII Transfer under which the QBE groups European division was undertaken through a legal process, which was subject to the Courts approval.
In June 2017, QBE Insurance Group had first announced its plan to establish a new subsidiary in Belgium, so that it could continue its operations across the European Economic Area. By establishing a new subsidiary in Belgium, the insurance group expects to continue its services to European policyholders irrespective of…
In an unprecedented move, Malaysian court allowed Wynn Macau to collect its dues from a gambler
A Malaysian court sided on Friday with Wynn Macau in a multi-million-dollar lawsuit against a fund manager who had gambled at the Macau-based casino and had owed it millions of dollars, Reuters reported citing Wynns lawyer.
In an unprecedented ruling, Judge S. Nantha Balan said yesterday that fund manager Paul Poh Yang Hong will have to pay Wynn Macau HK$33 million (approx. $4.21 million) in an outstanding debt to the gambling venue plus interest as a result from his failure to pay his due on time.
Wynn filed a lawsuit against Mr. Poh in 2017. The casino claimed that its gambler had owed it HK$33 million before suing him. The fund mana…
Tanahu Hydropower Limited has given a contract commencement date to the two companies hired for the execution of the 140MW Tanahu Hydropower Project.
The project developer, a subsidiary of the state-owned Nepal Electricity Authority, on Wednesday directed CMC Ravenna of Italy and Sinohydro Corporation of China to mobilise workers for the project within 28 days.
Despite issuing the commencement date, Tanahu Hydropower Limited (THL) is doubtful if the construction of the storage project will begin on the time as CMC Ravena, the Italian contractor has landed into a liquidity problem.
After THL signed the contract with the Italian and Chinese firms back in October to execute two packages of the hydropower project, the Italian c…
With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.
Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt.
1. UNIVERSITY OF PITTSBURGH
The University of Pittsburgh is offering graduating seniors up to $5,000 in federal student loan relief with one request: They pay it forward.
The schools new program, Panthers Forward, will help recent graduates chip away at student debt and introduce them to alumni mentors to encourage professional development. Students have no obligation to repay the gift, but the…
The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator.
The Financial Conduct Authority formally imposed the huge fine on Stewart Ford yesterday over his role in one of the UKs largest investment scandals. He must find the funds to pay the penalty in full by 1 February.
The former chief executive of the so-called death bond company Keydata lost a long legal battle against the penalty, the highest ever handed down to an individual by the Financial Conduct Authority (FCA).
Tens of thousands of UK investors lost out after putting almost 450m into so-called death bond policies via the investment firm, which was dissolved in 2014 after being declared insolvent and …
Amidst this turmoil, PG&E will likely file for bankruptcy in the next two weeks. The utility announced on Monday that they are indeed exploring filing for bankruptcy protection (after much speculation), and their stock quickly tumbled by over 50%. While in the best of cases bankruptcy should…
Mark
Zuckerberg at Facebooks F8 conference in 2017 showing off a
mock-up video of how AR glasses might work. Getty
Facebook is moving hundreds of employees to a new
product-focused augmented-reality group as it continues to
quietly develop AR glasses.
The employees are being moved out of the
research-driven Facebook Reality Labs and into a new
specialized team overseen by two key hardware execs, Business
Insider has learned.
A Facebook representative said the company was working
on multiple AR hardware products that might not all ultimately
launch.
The banking system of Ukraine has made profit for the first time in five years.
NBU Governor Yakiv Smolii said this during his speech in the Verkhovna Rada, Ukrinform reports.
There are 77 banks in Ukraine, including 4 state-owned and 22 banks with foreign capital. The banking system is not only stable, well-capitalized and transparent, but also profitable for the first time in five years, said Smolii.
As Ukrinform reported, the NBU in 2018 declared one bank insolvent – it was VTB Bank. At the same time, the central bank notes that according to the results of stress testing in 2018, one bank requires capital increase or debt restructuring before April 1, 2019 so that to fulfill capital requirements.
ANNAPOLIS (WJZ) Nearly 9,500 Maryland residents with student loan debt are being awarded tax credits, Gov. Hogan announced Friday.
The Maryland Higher Education Commission has awarded $9 million in tax credits to the residents with student loan debt.
Student loan debt is a daunting and overwhelming burden for thousands of Marylanders, said Governor Hogan. These tax credits will help ensure access and success for students committed to furthering their education, while bolstering our economy. We are providing real solutions for our students and continuing to invest in making college more accessible and affordable for all Marylanders seeking a higher education.
According a release from Hogans office, the tax credits were divided into two g…
Rolta India, which is among the leading IT and geospatial companies of the world, is in dire financial straits. The companys strategy to make itself debt free in India by divesting its global products and solutions business has failed, reported Hindu Business Line.
Rolta planned to raise $25 billion(INR25,000 crore) by divesting to restructure bonds. In the wake of this terrible blow, the mass layoffs have begun in the company and many top executives have been asked to resign. The company has a massive workforce of 3,000 employees around the globe. It owes more than 10,000 crore INR to investors and banks and has to complete payment of bonds worth $350 million
Rolta is in a financial imbroglio for some time now. Its lo…