Results for North America
- Canada Auto-Bailout Funds Issued with Limited Research: Watchdog
When Canada disbursed billions of dollars in the auto-sector bailout nearly half a decade ago, it did so without reviewing the automakers’ final restructuring plans and with limited research on how the loans would be repaid, a government watchdog says, ...
Daily Headline - global.abi.org - 11/25/2014 - 21:42 - 0 comments
- Province Can File Claims Against U.S. Steel Canada During Restructuring
Lawyers representing the provincial government took centre stage at U.S. Steel Canada’s restructuring hearing on Thursday, as the court worked toward figuring out who should gets paid first if the company is sold or goes bankrupt. The province won the ri ...
Daily Headline - global.abi.org - 11/24/2014 - 21:17 - 0 comments
- Spice Island Is Case Study In Debt Traps
The small Caribbean island of Grenada offers a salutary lesson on the dangers of loading up with debt for governments tempted by easy money, the Financial Times reported. Since defaulting on close to $200m of international bonds in 2013, Grenada has ...
Daily Headline - global.abi.org - 11/20/2014 - 21:18 - 0 comments
- Province Pushes For Changes To U.S. Steel Creditor Process
Lawyers representing the provincial government took centre stage at U.S. Steel Canada’s restructuring hearing on Thursday, as the court worked toward figuring out who should gets paid first if the company is sold or goes bankrupt, CBC News reported. The ...
Daily Headline - global.abi.org - 11/13/2014 - 21:09 - 0 comments
- Mexico’s Bold Move on Debt Restructuring Contracts
No one expects Mexico to restructure its debt anytime soon. But if it ever does, so-called vulture investors like Mr. Singer’s Elliott Management will find it much harder to crash the debt restructuring party – as they have done so successfully in Argent ...
Daily Headline - global.abi.org - 11/12/2014 - 20:48 - 0 comments
- As Currency Settlement Draws Near, Barclays Is Said to Get Cold Feet
On the eve of a multibillion-dollar settlement with six giant banks suspected of manipulating the foreign currency market, regulators in Washington and Britain have encountered a last-second complication: One of the banks may drop out of the deal, the ...
Daily Headline - global.abi.org - 11/11/2014 - 22:40 - 0 comments
- Despite Progress, Canada's Banks Remain Secretive In Many Ways
Seven years after the global financial crisis started, Canada’s banks remain selective in what they disclose – a problem illustrated by Ottawa’s recent crackdown on credit-card transaction fees, The Globe and Mail reported. Despite being one of the b ...
Daily Headline - global.abi.org - 11/09/2014 - 20:10 - 0 comments
- SNC-Lavalin to Cut 4,000 Jobs in Restructuring
Engineering and construction company SNC-Lavalin Group Inc. on Thursday said it would cut 4,000 jobs and record significant charges over the next 18 months as part of a restructuring aimed partly at combating a global slowdown in mining, The Wall Stree ...
Daily Headline - global.abi.org - 11/06/2014 - 22:03 - 0 comments
- Calgary’s AltaGas Moves Closer To Taking Over Insolvent LNG Proposal
Prospective LNG exporter AltaGas Ltd. of Calgary said Monday it plans to double its asset base from $7.5 billion to $15 billion by 2019. At an investor day webcast from Toronto, executives said ... Ltd. of Calgary said Monday it plans to double its asset base from $7.5 billion to $15 billion by 2019. ...
Daily Headline - global.abi.org - 11/03/2014 - 21:39 - 0 comments
- U.S. Steel Idles Hamilton Coke Making
U.S. Steel is indefinitely idling its coke-making operations in Hamilton as it restructures the company and looks for a potential buyer — part of what a union head calls a piece-by-piece dismantling of the plant, CBC.ca reported. The company is “hot idli ...
Daily Headline - global.abi.org - 10/28/2014 - 22:05 - 0 comments