Results for Singapore
- Noble Group Swings to $1.67 Billion Loss in Worst Annual Performance
Commodities trader Noble Group Ltd. on Thursday swung to a net loss of $1.67 billion for the 2015 fiscal year, its worst annual financial performance since its Singapore listing in 1997, largely due to an impairment charge related to its coal assets, T ...
Daily Headline - global.abi.org - 02/25/2016 - 23:05 - 0 comments
- Cosco’s Share Price Crashes After Much-Awaited Restructuring Deal Comes To Nothing
COSCO Corporation (Singapore) took a beating after its shares resumed trading on Monday, December 14. Investors punished the shipping company after a much-awaited privatisation deal with its parent company fell through last week, Singapore Business Rev ...
Daily Headline - global.abi.org - 12/14/2015 - 23:30 - 0 comments
- Singapore Set to Suffer Indonesia's Defaults as Well as Its Smog
for growth in Southeast Asia, narrowly skirted recession when its economy grew just 0.1 percent in the ...
Daily Headline - global.abi.org - 10/19/2015 - 23:22 - 0 comments
- Singapore's Jurong Aromatics Goes Into Receivership On Debt Woes
Jurong Aromatics Corp (JAC), which operates a large petrochemicals complex in Singapore, has gone into receivership because of debt problems, according to its restructuring firm and a filing with Singapore's accounting authority. JAC's debt pro ...
Daily Headline - global.abi.org - 09/30/2015 - 22:09 - 0 comments
- Jurong Aromatics Said To Be In Debt-Restructuring Talks
Jurong Aromatics Corp, operator of one of the world's largest petrochemical plants, cannot service its interest payments and is negotiating a debt restructuring with bankers amid a plunge in oil prices, people familiar with the situation said, The ...
Daily Headline - global.abi.org - 08/19/2015 - 22:34 - 0 comments
- Singapore Bail-In Proposals Make Senior Bond Holders Breathe Easy
Holders of senior debt from Singapore's banks will have reason to breathe easy if the Monetary Authority of Singapore implements proposals to limit its statutory bail-in framework to subordinated debt, Reuters reported. The proposal, part of a set o ...
Daily Headline - global.abi.org - 07/05/2015 - 16:48 - 0 comments
- Jones The Grocer's Singapore Stores Up For Sale
Things have gone further south for Jones the Grocer Singapore (JTG), three months after the gourmet grocer from Down Under assured that it was business as usual, The Straits Times reported. The Singapore arm of the Louis Vuitton-backed Australian gou ...
Daily Headline - global.abi.org - 04/16/2015 - 00:01 - 0 comments
- Second Dry-Bulk Shipper Files For Bankruptcy As Rates Tumble
A second dry cargo shipper has filed for bankruptcy following a collapse in freight rates that has forced many companies to idle vessels used to haul iron ore, coal and grain rather than hire out the ships at a loss, Reuters reported. Weaker demand from ...
Daily Headline - global.abi.org - 02/18/2015 - 23:13 - 0 comments
- Fleet-Owning Unit Of Bankrupt OW Bunker Taken Over
OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday. OW Bunker, the largest ship fuel supplier in the world, collapsed earlier this ...
Daily Headline - global.abi.org - 11/27/2014 - 20:38 - 0 comments
- OW Bunker Far East To Meet Liquidator On December 4; Six More Vessels Arrested
The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator KPMG in early December to discuss the firm's outstanding debt, which totals almost $1.5 billion globally, Reuters reported. OW Bunker, a leading suppli ...
Daily Headline - global.abi.org - 11/18/2014 - 21:58 - 0 comments