North America

Results for North America

'We've Got to Fight': Wabush Mine Pensioners Hope Courts Will Restore Benefits

Three years after the shutdown of Wabush Mines by Cliffs Natural Resources, former workers and retirees are looking to a Quebec court to help them recover some of what they lost, CBC News reported. "We're all in this together now," said Ri ...

Daily Headline - global.abi.org - 02/23/2017 - 21:51 - 0 comments

E-Storage Updater 4th Edition

In this 4th edition of the E-Storage Updater, our global team looks back on 2016, plus technology and regulatory news highlights for the last quarter. Click here for more. (Australia, Costa Rica, United Kingdom) bankruptcy,insolvency,head ...

Resource Article - twallace@abiwor... - 02/14/2017 - 14:08 - 0 comments - 0 attachments

Bermuda Ship Registry Receives ‘Favoured’ Status from China

The Bermuda Government has worked over the past several months to coordinate the agreement. Bermuda-registered vessels that are trading into Chinese ports will benefit from reduced fees associated to conducting business in the region, allowing them to be ...

Resource Article - twallace@abiwor... - 02/08/2017 - 14:10 - 0 comments - 0 attachments

Regulatory Update for Cayman Islands Mutual Funds

Pursuant to The Mutual Funds (Annual Returns) Regulations, 2006 (as amended) (the “Existing Regulations”), all funds regulated under the Mutual Funds Law of the Cayman Islands are required to submit to the Cayman Islands Monetary Authority (“CIMA”), a fu ...

Resource Article - twallace@abiwor... - 02/08/2017 - 13:57 - 0 comments - 0 attachments

Cayman Islands Shipping Registry Receives ‘Most Favoured Nation’ Status from China

The United Kingdom and Chinese governments have signed an agreement on behalf of the Cayman Islands which bestows ‘Most Favoured Nation’ status to Cayman Islands registered vessels entering Chinese ports. This agreement will boost the status and comp ...

Resource Article - twallace@abiwor... - 02/08/2017 - 13:51 - 0 comments - 0 attachments

Cameco ‘Surprised’ After Tepco Cancels $1.3-Billion Uranium-Supply Contract

The CEO of Cameco Corp. says the decision by a Japanese utility to terminate a uranium-supply contract worth about $1.3-billion in revenue from now through 2028 came “out of the blue.” Tim Gitzel said Tokyo Electric Power Co. sent a notice on Jan. 24 say ...

Daily Headline - global.abi.org - 02/01/2017 - 22:17 - 0 comments

Nortel Networks Wins Approval to Distribute $7.3 Billion to Creditors

Nortel Networks Corp. won approval to start distributing $7.3 billion to creditors, a major step in the long-running demise of the telecommunications company, The Wall Street Journal reported. Judges in Canada and the U.S. on Tuesday cleared Nortel t ...

Daily Headline - global.abi.org - 01/24/2017 - 21:44 - 0 comments

Postmedia Posts Profit, Boosted By Debt Restructuring Deal

Postmedia Networks Corp. reported a profit in its latest quarter, boosted by a debt restructuring negotiated by the struggling media company and its major creditors, however revenue fell nearly 15 per cent, The Globe and Mail reported. The Toronto-ba ...

Daily Headline - global.abi.org - 01/12/2017 - 23:10 - 0 comments

Canadian Apparel Maker Gildan Wins Auction To Buy American Apparel

Canadian apparel maker Gildan Activewear Inc said it had won a bankruptcy auction to buy U.S. fashion retailer American Apparel for about $88 million in cash. The deal is subject to approval from a bankruptcy court on Thursday, the company said. Under th ...

Daily Headline - global.abi.org - 01/10/2017 - 23:26 - 0 comments

Ottawa Projects Decades Of Deficits As Federal Finances Worsen

The federal government is projecting decades of deficits as a new Finance Canada report shows Ottawa’s long-term finances have deteriorated considerably over the past two years, The Globe and Mail reported. The government’s latest long-term fiscal fo ...

Daily Headline - global.abi.org - 01/05/2017 - 21:13 - 0 comments

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