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Fixing Mt. Gox

To solve the Mt. Gox bankruptcy mess, its former chief executive says he is exploring a dramatic solution – reviving the exchange so it can start generating money again, Reuters reported. Mark Karpeles told Reuters he believes Mt. Gox, which collapsed in ...

Daily Headline - global.abi.org - 11/16/2017 - 23:46 - 0 comments

Muddy Waters Target Huishan Dairy Preps Provisional Liquidation

China Huishan Dairy Holdings Co., the Hong Kong-listed dairy company targeted by short sellers including Muddy Waters Capital LLC, said on Thursday that it is preparing for provisional liquidation, Bloomberg News reported. The firm had told its Cayman le ...

Daily Headline - global.abi.org - 11/16/2017 - 23:46 - 0 comments

How an $8.4 Billion Takeover Could Save Noble

How does a company with $262 million in the bank and looming restructuring talks with creditors carry out an $8.4 billion takeover? Ask Noble Group Ltd. Harbour Energy Ltd., an investment vehicle in which Noble had a 75 percent stake in January, is due t ...

Daily Headline - global.abi.org - 11/16/2017 - 23:47 - 0 comments

China’s Central Bank Injects $47 Billion Into Financial System

Although Thursday’s Rmb310bn injection saw the yield eased to 3.98 per cent from an intraday day peak of ...

Daily Headline - global.abi.org - 11/16/2017 - 23:47 - 0 comments

Singh Brothers' Firms Reorganize as Tycoons Wrestle With Debt

Two companies controlled by tycoons Malvinder and Shivinder Singh announced a reorganization as the brothers wrestle with debt and legal tangles, Bloomberg News reported. The Singh brothers’ Religare Enterprises Ltd. announced a shakeup late Tuesday, wit ...

Daily Headline - global.abi.org - 11/15/2017 - 23:39 - 0 comments

How Noble Group's Possible Debt Restructuring Could Play Out

What a debt restructuring at Noble Group Ltd. might look like has become an even more pressing question after the beleaguered commodity trader started talks with stakeholders on potential options to address its capital structure. The company said discuss ...

Daily Headline - global.abi.org - 11/15/2017 - 23:40 - 0 comments

China Picks 31 More State Firms for Third Round of Ownership Reforms

China has chosen 31 more government-owned firms to participate in its third round of mixed ownership reforms aimed at injecting private capital into the state sector, an official of the country's powerful economic planning body said on Wednesday. Th ...

Daily Headline - global.abi.org - 11/15/2017 - 23:41 - 0 comments

Reliance Communications Defaults in High-Profile India Test

The first default on U.S. dollar bonds by an Indian company in 15 months may become a closely-watched test case for how international creditors will fare under the country’s new bankruptcy laws, Bloomberg News reported. Reliance Communications Ltd., the ...

Daily Headline - global.abi.org - 11/14/2017 - 22:54 - 0 comments

Reliance Communications Shares Sink on Missed Debt Repayments

2020 fell 3.5 per cent to 35.9 cents. RCom has been struggling ever since Mr Ambani’s older brother ...

Daily Headline - global.abi.org - 11/13/2017 - 23:20 - 0 comments

Toshiba Looks to Raise $5.3 Billion in Share Offering

Toshiba Corp. plans to raise ¥600 billion ($5.3 billion) through a new share offering if a ¥2 trillion deal to sell its chip unit doesn’t get on track to meet an end-of-March deadline, a person ... (Japan) Toshiba Corp. plans to raise ¥600 billion ($5.3 billion) through a new share offering if a ¥2 ...

Daily Headline - global.abi.org - 11/12/2017 - 22:57 - 0 comments

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