North America

Results for North America

As Argentina and Hedge Funds Battle, Citigroup Bows Out

The nasty battle between Argentina and a group of New York hedge funds has claimed another victim: Citigroup. The bank said on Tuesday that it would shut its custody business in Argentina after a federal judge in New York last week rejected its request t ...

Daily Headline - global.abi.org - 03/17/2015 - 20:49 - 0 comments

David Drumm Seeks More Time To File Appeal Papers In US

Former Anglo Irish Bank chief executive David Drumm has made an emergency request to a US court seeking more time to file legal papers arguing why it should overturn a ruling blocking a write-off of his debts, the Irish Times reported. Mr Drumm asked ...

Daily Headline - global.abi.org - 03/17/2015 - 20:51 - 0 comments

In Mexico Oil Market, Mood Moves From Excited to Anxious

Mexico kicked off the opening of its oil industry to great fanfare. At a packed event at the Technology Museum here seven months ago, maps flashed on a giant screen showing dozens of oil fields that would be put up for bid to private companies for the fi ...

Daily Headline - global.abi.org - 03/15/2015 - 21:21 - 0 comments

Household Debt Hits New High As Country's Financial Stability Questioned

which grew a thin 0.5 per cent, matching its slowest pace in the past six quarters. It was the third ...

Daily Headline - global.abi.org - 03/12/2015 - 22:57 - 0 comments

Australia's IFM Investors To Pay $5.7 Billion For Indiana Toll Road

Australia's IFM Investors said on Thursday it had agreed to pay $5.73 billion to buy the bankrupt operator of a major U.S. toll road, making its biggest overseas investment, Reuters reported. IFM ... (Australia, United States) Australia's IFM Investors said on Thursday it had agreed to pay $5 ...

Daily Headline - global.abi.org - 03/11/2015 - 22:29 - 0 comments

Retired Hamilton Steelworkers Seek Status In Pension Case

Steel pensioners from Hamilton are going to court to save a key protection for retirees whose employers go bankrupt. They're rallying behind a little-known legal principle in Ontario that says amounts owed to a pension plan by a bankrupt employer be ...

Daily Headline - global.abi.org - 03/10/2015 - 22:31 - 0 comments

Suppliers Put Target Canada In The Hot Seat

Target Canada suppliers have a long list of questions they want the insolvent retailer to answer — 61 in all. The questions centre around the timing of the insolvency, declared Jan. 15, the Toronto Star reported. Target is in the process of liquidati ...

Daily Headline - global.abi.org - 03/03/2015 - 22:34 - 0 comments

Trouble In Paradise: Inside Canadian Banks’ Billion-Dollar Caribbean Struggle

Financial institutions are at the epicentre of the financial storm in the Caribbean. Take the case of Sagicor Financial Corp., a leading regional life insurer, based in Barbados. Because the country’s sovereign debt has been downgraded several times, Sag ...

Daily Headline - global.abi.org - 03/02/2015 - 22:38 - 0 comments

Corinthian’s Canadian Subsidiary Files for Bankruptcy

The Canadian subsidiary of embattled for-profit education company Corinthian Colleges Inc. has filed for bankruptcy under Canada’s insolvency law after an Ontario education regulator took action against the company’s 14 Canadian campuses, The Wall Stre ...

Daily Headline - global.abi.org - 02/23/2015 - 22:25 - 0 comments

Laricina Energy Shuts Down Oilsands Project To Save Cash

Cash-strapped private oilsands producer Laricina Energy Ltd. is shutting down its Germain commercial demonstration project and will halt planning on its joint-venture Saleski project as its fruitless search for investment dollars enters its fourth month, ...

Daily Headline - global.abi.org - 02/23/2015 - 22:30 - 0 comments

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