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Rocket’s Netzoptiker Files For Insolvency

Netzoptiker, the Limburg-based mail order glasses company backed by Rocket Internet and Omnes Capital, has filed for insolvency with the German Handelsregister. A filing at Handelsregister, Germany's version of Companies House, states that a provisi ...

Daily Headline - global.abi.org - 09/23/2014 - 21:17 - 0 comments

Air France Pilots’ Strike Casts Doubt on Carrier’s Future

More than a week into the strike by French pilots against Air France-KLM, the two sides are stuck in a holding pattern. The only certainty seems to be that the dispute is doing severe financial damage to the airline, the International New York Times ...

Daily Headline - global.abi.org - 09/23/2014 - 21:18 - 0 comments

New Blow For Eco City As Mercedes Terminates Distributor Deal

Eco City Vehicles said Mercedes-Benz had terminated a financing and trading deal making the British firm the sole distributor of the Mercedes Vito model that is licensed for use as a London taxi, in the latest blow for the stricken company, Reuters repor ...

Daily Headline - global.abi.org - 09/23/2014 - 21:19 - 0 comments

Codere Reaches $1.4 Billion Debt Accord to Sidestep Insolvency

Codere SA reached an agreement with creditors to restructure 1.1 billion euros ($1.4 billion) of debt, allowing the Spanish gaming company to avoid entering insolvency proceedings, Bloomberg News ... with creditors to restructure 1.1 billion euros ($1.4 billion) of debt, allowing the Spanish gaming ...

Daily Headline - global.abi.org - 09/23/2014 - 21:19 - 0 comments

Britain's Budget Deficit Widens in August

0.7% on the year in July, according to official figures. This weakness in wages and a decline in ... already borrowed more than half that amount, £45.4 billion, by the end of August. Read more. ...

Daily Headline - global.abi.org - 09/23/2014 - 21:20 - 0 comments

Austria’s Raiffeisen Bank Hit By Ukraine Conflict

Shares in Austria’s Raiffeisen Bank International fell 10 per cent after the western lender with the greatest exposure to Russia and Ukraine warned that the conflict in the region would drag it to a full-year loss, the Financial Times reported. The V ...

Daily Headline - global.abi.org - 09/23/2014 - 21:20 - 0 comments

Court Bid To Assert Sean Dunne’s Interest In €17 Million Hotel

The official in charge of Sean Dunne’s bankruptcy has launched High Court proceedings aimed at setting aside the bankrupt businessman’s transfer of an interest in a €17-€18 million South African hotel to his wife Gayle, the Irish Times reported. The ...

Daily Headline - global.abi.org - 09/22/2014 - 22:34 - 0 comments

Air France Pilots Vow to Extend Strike Indefinitely

Air France pilots rejected a proposal from management on Monday and vowed to extend indefinitely a strike that has grounded tens of thousands of passengers over the last week and threatens to wipe out tens of millions of dollars in revenue, the Interna ...

Daily Headline - global.abi.org - 09/22/2014 - 22:35 - 0 comments

Draghi Pessimism on European Recovery Stirs Expectations of Stimulus

conference on Sept. 4, when he spoke of a “loss in cyclical growth momentum,” but said it was still ...

Daily Headline - global.abi.org - 09/22/2014 - 22:35 - 0 comments

Canada Urges Euro-Zone Stimulus as Deflation Is 'Perilously Close'

European economies need to quickly embrace a fiscal-stimulus plan because the region is "perilously close" to deflation, Canadian Finance Minister Joe Oliver said Sunday, warning such a turn could have negative consequences for a global economy ...

Daily Headline - global.abi.org - 09/21/2014 - 19:24 - 0 comments

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