Dubai developer is restructuring to narrow losses incurred since 2014
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Its Christmas time, and the period immediately after, that is a cause of concern for many when it comes to spending and paying back amounts owed.
According to a recent study produced by Moneysupermarket.com, anxiety over debts remains high in the UK, with over half of us believing it will take three years or more to pay our debts.
Another 12%, the study said, dont believe they ever will.
But why did they conduct this study?Well, its in response to a growing issue in the UK household debts rose to their worst rates to date in 2018.
Evidence points to reckless festive spending
More Britons are entering each New Year in debt. National Debtline, in late 2017, claimed 16% equivalent to around 7.9 million people were likely to fall be…
Read the full article at: https://realbusiness.co.uk/consumer-debts-smes-must-help/
On Dec 31, we issued an updated research report on United Technologies Corporation (UTX – Free Report) . This Zacks Rank #3 (Hold) stock is poised to grow on the back of ongoing portfolio restructuring moves and stronger end-market sales. However, rising costs are a major concern.
Lets delve into the aspects that are influencing the stocks performance.
Favorable Factors
United Technologies expects that ramp up in military programs, increased global air traffic and high passenger load factor will boost upcoming quarterly results of the Aerospace business. Meanwhile, increased construction activity in the United States, higher infrastructure spending in China and greater urbanization rate in Asia is expected to enhance …
Read the full article at: https://www.zacks.com/stock/news/345150/united-technologies-gains-on-restructuring-moves-costs-high
Tis the season to contemplate New Years resolutions. With 44.5 million student loan borrowers in the U.S. owing a total of $1.5 trillion, student loans are certain to be a factor in most financial wellness resolutions.
Not only are more people in debt, but people are deeper in debt because of higher education. Average debt at graduation is currently around $35,000 up from $10,000 in the early 1990s. The effects on the individual are clear. Beyond straining budgets, student loan debt is preventing individuals from saving and building net worth. Research by the Federal Reserve found a strong correlation between the decline in American home ownership and increasing student loan debt. Studies by the National Associ…
Read the full article at: https://www.baltimoresun.com/news/opinion/oped/bs-ed-op-0101-debt-resolutions-20181220-story.html
Outcome of 14th Committee of Creditors Meeting
Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg.
With reference to the subject cited above, I would like to bring to your kind notice that the 14th Meeting of the Committee of Creditors (COC) of the Company held on Monday, 31st December, 2018, at the registered office of the Company situated at Plot No. 20, Sector – I, Survey No. 64, 4th Floor, HUDA Techno Enclave, Hyderabad – 500 081, Telangana, India.
The agenda of the 14th Meeting of the CoC is discussed and the outcome is put to vote in e-voting, the results of which will be intimated in due course.
This is for your information and records.
Pdf Link:
Viceroy Hotels Lt…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/viceroy-hotels-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article25871359.ece
Overspending over Black Friday, Cyber Monday and the Christmas holidays will have “severely negative consequences” for overly indebted consumers, a debt counselling expert has said.
Acknowledging the brief relief brought from the decrease in fuel prices in December and now January, CEO of Debt Rescue Neil Roets also pointed out that consumers are not yet out of the woods.
“The rest of the picture for 2019 looks gloomy, to say the least,” he said.
Roets says that the period between January and March will be the busiest for the debt counselling company.
“There is a certain kind of madness that grips consumers over the holidays where spending becomes totally irrational and this is not helped by the massive advertising campaigns that retailers l…
Read the full article at: https://www.fin24.com/Money/reality-bites-gloomy-2019-for-over-indebted-consumers-struggling-to-make-ends-meet-20181230
Turkey is facing a mounting number of applications for bankruptcy protection as a slump in economic growth takes its toll on business.
Requests forkonkordato, a court-sanctioned agreement that allows struggling companies to try and avoid full bankruptcy by restructuring their debt payments in a bid to avoid full bankruptcy, have soared in recent months.
The surge follows a currency crisis over the summer that has triggered a sharp slowdown in the economy and piled pressure on Turkeys indebted corporate sector.
Turkeys trade minster, Ruhsar Pekcan, said this month that the number of companies that had sought bankruptcy protection had reached 846, although many analysts believe that the true figure may be several times higher.
Companies…
Read the full article at: https://www.ft.com/content/0e27734a-0392-11e9-99df-6183d3002ee1
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…Read the full article at: https://www.timesunion.com/news/article/Sears-Kmart-could-be-liquidated-with-no-bid-to-13494172.php
Union Properties approved a 10% share buy-back as part of an ongoing financial restructuring. Pawan Singh / The National Go to TopDecember 30, 2018
…
Read the full article at: https://www.thenational.ae/business/property/union-properties-approves-share-buy-back-amid-restructuring-1.807648
By Marianne Storey, CEO, Dorset Mind
THERE is a well-known correlation between mental health and debt issues. For many, January is without doubt the hardest time of year. Overspending during Christmas makes managing money even harder and worrying about the fall-out from the festive season can make people who experience poor mental health, even worse.
Half of those with problem debts also have a mental health problem. Debt has been proven to worsen mental health and mental health issues can cause serious debt. Its an unfortunate cycle. For those people that suffer with clinical depression, or mania or hypermania for people diagnosed with bipolar disorder, uncontrollable spending sprees are a common problem (Money Saving Expert,…
Read the full article at: https://www.bournemouthecho.co.uk/news/17326128.dorset-mind-boss-urges-people-in-debt-to-reach-out/
The law firm of Kirby McInerney LLP is investigating potential claims against Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ:YRIV). This investigation concerns whether Yangtze has violated federal securities laws and/or engaged in other unlawful business practices.
On December 6, 2018, Hindenburg Research (Hindenburg) published a report that described Yangtze as a scheme run by its Chairman & controlling shareholder to siphon money away from U.S. public markets. Among other allegations, the Hindenburg report asserted that Yangtzes only operating entity has been declared insolvent in China and is involved in multiple undisclosed legal proceedings. Based on government-sourced documents and interviews with local of…
Read the full article at: https://www.globalbankingandfinance.com/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-yangtze-river-port-logistics-limited/
NEW YORK–(BUSINESS WIRE)–The law firm of Kirby
McInerney LLP is investigating potential claims against Yangtze
River Port & Logistics Limited (Yangtze or the Company) (NASDAQ:YRIV).
This investigation concerns whether Yangtze has violated federal
securities laws and/or engaged in other unlawful business practices.On December 6, 2018, Hindenburg Research (Hindenburg) published a
report that described Yangtze as a scheme run by its Chairman &
controlling shareholder to siphon money away from U.S. public markets.
Among other allegations, the Hindenburg report asserted that Yangtzes
only operating entity has been declared insolvent in China and is
in…Read the full article at: https://www.businesswire.com/news/home/20181229005007/en/INVESTOR-ALERT-Kirby-McInerney-LLP-Announces-Investigation
NEW YORK–(BUSINESS WIRE)–Dec 29, 2018–The law firm of Kirby McInerney LLP is investigating potential claims against Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ: YRIV ). This investigation concerns whether Yangtze has violated federal securities laws and/or engaged in other unlawful business practices.
On December 6, 2018, Hindenburg Research (Hindenburg) published a report that described Yangtze as a scheme run by its Chairman & controlling shareholder to siphon money away from U.S. public markets. Among other allegations, the Hindenburg report asserted that Yangtzes only operating entity has been declared insolvent in China and is involved in multiple undisclosed legal proceedi…
Read the full article at: https://apnews.com/56e2a30f19c74d9ab4fda044266b8fb7
