Russia

Results for Russia

Petropavlovsk Gives Bridge Loan to Hong Kong Iron Ore Company to Meet ICBC Payment

Russian gold miner Petropavlovsk, which is battling a shareholder attempt to remove its board, has agreed to provide a last minute bridge loan to a Hong Kong iron ore company in which it owns a 31 per cent stake, the Financial Times reported. The Lon ...

Daily Headline - global.abi.org - 06/13/2018 - 23:58 - 0 comments

Investors Burned by Sanctions Creep Back Into Russian Debt

It didn’t take long for the world’s biggest bond investors to decide that Russia isn’t quite such a toxic trade after all, Bloomberg News reported. Less than two months after getting caught out with overweight positions as Russian debt was roiled by a fr ...

Daily Headline - global.abi.org - 05/23/2018 - 23:38 - 0 comments

Numetal Offers Rs 37,000 Crore For Essar Steel, Seeks Second Round Of Bids

Russia’s VTB Capital-led Numetal Mauritius Pvt Ltd. today told the company law appellate tribunal that it has offered over Rs 37,000 crore for Essar Steel Ltd. in the second round of bidding, Bloomberg Quint reported. The second round should be opened an ...

Daily Headline - global.abi.org - 05/17/2018 - 23:17 - 0 comments

Directors of insolvent companies to face increased liability risk

Russian insolvency law provides that directors (and other controlling persons) can be held liable for the failure to file for insolvency in a timely manner and for actions (or inaction) that prevented full repayment of the creditors’ claims. The amendmen ...

Resource Article - twallace@abiwor... - 05/08/2018 - 11:23 - 0 comments - 1 attachment

Rusal Seeks Sanctions Relief Via Board Changes, Exports at Risk If Plan Fails

Russian metals giant Rusal will overhaul its board and management in hopes of persuading the United States to lift sanctions but it may be forced to halt aluminium exports for good if the plan fails, sources close to the company said. Washington this mon ...

Daily Headline - global.abi.org - 04/29/2018 - 22:13 - 0 comments

Analyst Who Called Russia’s 1998 Crash Says Stock Outlook Is ‘Grim’

Veteran Russia strategist John-Paul Smith has a warning for anyone looking to buy the nation’s stocks on the cheap after this week’s selloff, Bloomberg News reported. “Investors could become collateral damage from the actions of either side in the new co ...

Daily Headline - global.abi.org - 04/15/2018 - 22:51 - 0 comments

Russia's Debt Just Got Costlier to Insure Than South Africa's

Russia’s credit risk jumped above South Africa’s for the first time in more than 18 months. The cost of insuring Russian debt against non-payment, as measured by five-year credit default swaps, has climbed 40 basis points this week to 162 as the stand-of ...

Daily Headline - global.abi.org - 04/11/2018 - 23:41 - 0 comments

Country report from the Netherlands

The Dutch Minister’s announcement of a multi-disciplinary approach to combat bankruptcy fraud has lead to a legislative programme that went into force last year, wherein the duty of the trustee is extended to combat bankruptcy fraud. Attachme ...

Resource Article - twallace@abiwor... - 04/03/2018 - 10:48 - 0 comments - 1 attachment

VTB-Led Group Open to Buying Out Ruia in Race to Win Essar Steel

A consortium led by VTB Group, Russia’s second-largest bank, said it is willing to buy out a local partner to ensure its offer for an indebted Indian steel mill meets government rules, setting up a contest with billionaire Lakshmi Mittal, Bloomberg News ...

Daily Headline - global.abi.org - 03/16/2018 - 01:10 - 0 comments

Insolvency of Banks in russia: A threat to the economy?

After the collapse of the Soviet Union the banking sector in Russia was quickly developing and at the start of the twenty first century it consisted of more than 1,000 banks. Most of these banks had been established to serve the main business of the sh ...

Resource Article - twallace@abiwor... - 03/13/2018 - 12:36 - 0 comments - 1 attachment

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