Insolvency Guardian Media Centre
BEIJING (Reuters) – China is helping Africa develop, not pile up debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing.
President Xi Jinping pledged $60 billion to African nations at Mondays opening of a China-Africa forum on cooperation, matching the size of funds offered at the last summit in Johannesburg in 2015.
A wave of African nations seeking to restructure their debt with China has served as a reality check for Beijings ties with the continent, though most of its countries still see Chinese lending as the best bet to develop their economies.
If we take a closer look at these African countries that are …
Read the full article at: https://www.reuters.com/article/us-china-africa/china-says-its-funding-helps-africa-develop-not-stack-up-debt-idUSKCN1LK0J6
Demand for help with debt is expected to reach a five-year high as more families struggle to pay household bills, according to National Debtline.
The charity, which is run by the Money Advice Trust, says it expects to receive 189,000 calls by the end of the year the highest level in half a decade with webchat and online demand also increasing.
It says that while fewer people are seeking advice about credit cards, loans and overdrafts, people are reporting more problems with smaller and trickier debts on household bills.
Half of all callers are now struggling to repay debt of £5,000 or less up from just 22% in 2008.
National Debtline says that people are finding it difficult to repay these smaller levels of debt as they …
Read the full article at: https://www.moneywise.co.uk/news/2018-09-04/households-struggle-to-pay-bills-demand-debt-help-hits-five-year-high
BEIJING (Reuters) – China is helping Africa achieve development, not accumulate debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing.
Chinese President Xi Jinping and South African President Cyril Ramaphosa attend the 2018 Beijing Summit Of The Forum On China-Africa Cooperation – Round Table Conference at the Great Hall of the People in Beijing, China September 4, 2018. Lintao Zhang/Pool via REUTERS
Chinese President Xi Jinping on Monday pledged funds of $60 billion to African nations at the opening of the Forum for China-Africa Cooperation, matching the size of the financing package offered at the last summit…
Read the full article at: https://www.reuters.com/article/us-china-africa/china-says-it-is-helping-africa-develop-not-accumulate-debt-idUSKCN1LK0J6
Dear Sir / Madam,
We would like to inform you that meeting of 16th Committee of Creditors of ABG Shipyard Limited was held on Monday, 03rd September 2018 at Mayfair Banquets, 254-C Dr. Annie Besant Road, Worli Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra. The Meeting commenced on 02.30 P.M. IST and concluded on 7.00 P.M. IST.
You are requested to take the same on record.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/abg-shipyard-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article24862107.ece
Katies Pricey lifestyle could make her homeless in as little as two months time, new reports suggest.
According to The Sun, Katie is not taking a legitimate threat of bankruptcy seriously enough and therefore stands to lose her beloved £2million West Sussex home by the end of October.
The model and mum-of-five is currently on holiday in Mallorca with her new boyfriend Alex, just another trip in her endless summer, but she is expected to present a plan to pay back her creditors very soon.
An insider alleged on Tuesday: Its exasperating for her team that Katie doesnt seem to be taking this seriously, s…
Read the full article at: https://metro.co.uk/2018/09/04/katie-price-could-lose-her-2million-home-within-two-months-if-she-doesnt-take-bankruptcy-seriously-7910790/
Toronto, Ontario(Newsfile Corp. September 3, 2018) Buffalo Coal Corp. (TSXV: BUF) (JSE: BUC) (Buffalo or the Company) announced today that STA Coal Mining Company Proprietary Limited (STA), a mining contractor engaged by the Company to provide contract mining services at the Companys Magdalena underground mine in South Africa, has provided notice to the Company of its intention to not renew the contract mining services agreement (the STA Agreement) dated October 31, 2015 entered into by STA, the Company and certain subsidiaries of the Company, following the expiry of such contract in accordance with its terms on October 31, 2018. Under the terms of the STA Agreement, STA currently conducts all underground coal mining operations at t…
Read the full article at: https://www.geologyforinvestors.com/restructuring-of-companys-dundee-operations/
(Reuters) – U.S. automaker Ford Motor Co (F.N) plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times.
The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse
The British newspaper reported that Ford planned to end production of Mondeo, Galaxy and S-Max models and focus on more lucrative sport utility vehicles. Ford also plans to cut its number of dealerships, the Times said.
In July, Fords chief executive officer, Jim Hackett, said the company planned to spend around $11 billion on a restructuring of its European business.
Ford lo…
Read the full article at: https://www.reuters.com/article/us-ford-motor-europe/ford-to-cut-car-models-as-part-of-restructuring-the-times-idUSKCN1LI0SE
Friday, December 23, 2016, mightnt mean much to the average person, but for Kade Rixon, its a day hell never forget.
That was the moment things hit home for the Melrose soccer coach and he vowed never to have another bet.
To the naked eye, hes a positive, happy-go-lucky man, but behind the mask was a desperate and lonely individual that didnt understand the chaos he was causing around him all from gambling.
The old saying never judge a book by its cover couldnt be more appropriate.
Rixon, now 30, had his first bet as a 16-year-old in Melbourne with a group of school friends who all loved to get involved with the punt.
It was four or five years later that he knew he was in a bit of trouble.
Every day after work, Id be going to the pub and spe…
Read the full article at: https://www.thecourier.com.au/life-style/5620539/silent-killer-a-gambling-addict-explains-all/
DURBAN The restructuring of Grindrod has been completed with the appointment of Andrew Waller as chief executive and Xolani Mbambo as financial director, with effect from September 1.
The group said on Friday that both executives would also perform these roles for the freight services business as Grindrod consolidates the structure.
Grindrod has concluded the spin-off of its shipping division and will focus on the remaining businesses, freight services and financial services.
Grindrod executive chairperson Mike Hankinson said the firm was seeing results from its focus on developing freight solutions for their customers using their infrastructure assets along Africas logistics corridors.
Steady and organic growth is expected in t…
Read the full article at: https://www.iol.co.za/business-report/companies/bosses-named-in-grindrod-restructuring-16861336
Sound Q2 Results
Pentair delivered second-quarter 2018 adjusted earnings of 71 cents per share, up 18% from the year-ago quarter. Earnings also beat the Zacks Consensus Estimate of 69 cents as well as m…
Read the full article at: https://www.zacks.com/stock/news/321123/pentair-rides-on-new-products-business-restructuring-efforts
Thirteen months after Mr Osborne joined C8, the company went into liquidation with an estimated $5 million in advised debts.
Fairfax Media could not reach Mr Macolino for comment, while Mr Osborne declined to comment.
Among the creditors were the National Australia Bank, with a claim of $2.4 million, and Qantas, with $149,000 in claimed debts.
In a press release from its worldwide press office in June 2013, the British Broadcasting Corporation touted its business partnership with Mr Macolino and the C8 Group.
Were excited to be partnering with the BBC to launch their first dedicated e-commerce website for Doctor Who, Mr Macolino said in the BBC press release.
Offering free delivery to customers in Australia and the quickest delivery service w…
Read the full article at: https://www.smh.com.au/business/companies/paul-osborne-on-banned-directors-list-20180824-p4zzm4.html
A Cornwall construction firm that specialises in the construction of high-value properties, prestigious refurbishments and multi-dwelling sites in Cornwall will enter liquidation this month, it has been confirmed.
Speculation has been rife regarding the future of Nova Construction (Cornwall) Ltd, based at Marlin House on Agar Way in Pool near Redruth, which was said to have gone under.
Now, licensed insolvency practitioner Purnells has confirmed that the company will enter liquidation in the coming days.
A Purnells spokesman said: “The directors of the company signed notices to requisition a decision procedure to place the company into creditors voluntary liquidation on the 23 August 2018. That decision procedure will be held on the 13 …
Read the full article at: https://www.cornwalllive.com/news/cornwall-news/cornwall-company-nova-construction-cornwall-1948979