North America

Results for North America

Bank of Mexico’s Agustín Carstens Leaving to Lead Bank for International Settlements

Bank of Mexico Gov. Agustín Carstens will step down in July to become general manager of the Switzerland-based Bank for International Settlements, The Wall Street Journal reported. Mr. Carstens will assume the post, which carries a five-year term, in ...

Daily Headline - global.abi.org - 12/01/2016 - 22:24 - 0 comments

Nortel Takes Another Step Toward Wrapping Up Bankruptcy Case

Judges in Canada and the U.S. on Thursday approved materials explaining Nortel Networks Corp.’s creditor-repayment plan, inaugurating the beginning of the end of one of the priciest bankruptcies on record, The Wall Street Journal reported. Thursday’s ...

Daily Headline - global.abi.org - 12/01/2016 - 22:25 - 0 comments

U.S. Watchdog Says Abengoa Unit's Reorganization Violates Law

A Chapter 11 bankruptcy exit plan by Abengoa SA's main U.S. subsidiary, Abeinsa Holding Inc, violates the law by shielding the Spanish renewable energy parent from lawsuits, according to the U.S. government's bankruptcy watchdog, Reuters report ...

Daily Headline - global.abi.org - 12/01/2016 - 22:26 - 0 comments

Bargain Prices, Rising Cargo Rates Lift Second-Hand Ship Sales From The Shallows

Sales of second-hand ships used to haul commodities such as iron ore, coal, grain and fertilizer have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers, Reuters reported. Seaborne ...

Daily Headline - global.abi.org - 11/29/2016 - 21:51 - 0 comments

Lightstream Survives 'Painful' Restructuring With $1.3 Billion Deal

After struggling to pay its debts while oil prices tumbled, Calgary’s Lightstream Resources Ltd. emerged from a “painful” restructuring with a $1.35-billion deal that will clear the way for new production in 2017, the company says, The Calgary Herald ...

Daily Headline - global.abi.org - 11/25/2016 - 01:03 - 0 comments

Abengoa Asks U.S. Court To Prevent Lawsuits By Rebel Creditors

Spanish renewable energy and engineering firm Abengoa SA has asked a U.S. bankruptcy court to enjoin legal action and future claims by creditors who are unsatisfied with a high-stakes plan to restructure $10 billion of debt, Reuters reported. Abengoa, a ...

Daily Headline - global.abi.org - 11/21/2016 - 20:59 - 0 comments

Canada’s Housing Agency Warns of Rising Household Debt

Elevated house prices and record-high debt levels are contributing to worries about Canada’s future economic growth, the head of the country’s national housing agency says, The Wall Street Journal reported. Speaking at the Bank of England on Friday, ...

Daily Headline - global.abi.org - 11/20/2016 - 19:22 - 0 comments

Stress Test Indicates Canada Housing Prices Could Drop Precipitously

to rise about 9.0% between 2017 and 2021, it said several extreme situations could result in price ...

Daily Headline - global.abi.org - 11/17/2016 - 21:40 - 0 comments

Province Preparing To Step Into Essar Steel Algoma Restructuring

The Ontario government is planning a major intervention in Essar Steel Algoma's recovery from insolvency, the Sault Ste. Marie Economic Development Corp. learned today. News of the funding was disclosed this afternoon at a meeting of the EDC board b ...

Daily Headline - global.abi.org - 11/07/2016 - 22:21 - 0 comments

Debt-Laden Mexican Builder ICA Names New CEO Tasked With Restructuring

restructuring its debt through several of its subsidiaries for about 7.5 billion pesos ($391 million). Phillips, ...

Daily Headline - global.abi.org - 11/03/2016 - 20:33 - 0 comments

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