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Toshiba in Talks with Brookfield Over Sale of UK Nuclear Unit

Toshiba has entered talks with Canadian asset manager Brookfield over the potential sale of its UK nuclear unit NuGen, which was slated to build the Moorside nuclear plant in Cumbria. The talks, which are at an early stage according to two people directl ...

Daily Headline - global.abi.org - 09/18/2018 - 21:49 - 0 comments

Hudson's Bay Deal Brings German Department Stores Together

Two of the most storied names in German department stores are combining in a deal orchestrated by an Austrian real estate billionaire, highlighting the pressures facing traditional retailers amid the rise of Amazon.com Inc. Karstadt, controlled by Rene B ...

Daily Headline - global.abi.org - 09/12/2018 - 03:06 - 0 comments

Air Canada Group Ends Aimia Battle With Aeroplan Deal

Aimia Inc. soared Tuesday after a group led by Air Canada agreed to buy its Aeroplan business for C$450 million ($345 million) in cash, ending a takeover battle for one of Canada’s most popular loyalty programs, Bloomberg News reported. Air Canada and it ...

Daily Headline - global.abi.org - 08/21/2018 - 22:14 - 0 comments

GLG Life Tech Corporation Announces Major Milestone in Its Debt Restructuring Progress

GLG Life Tech Corporation (GLG) (“GLG” or the “Company”), a global leader in the agricultural and commercial development of high-quality zero-calorie natural sweeteners, is pleased to announce today that it has reached a pivotal milestone in its efforts ...

Daily Headline - global.abi.org - 07/24/2018 - 02:53 - 0 comments

Burry’s Shipyard Made Notice of Intention Under Bankruptcy and Insolvency Act

Burry’s Shipyard has filed for protection under the Bankruptcy and Insolvency Act. The Clarenville business filed a notice of intention (NOI) to make a proposal under subsection 50.4(1) of the BIA on July 10, The Telegram reported. Deloitte Restructuring ...

Daily Headline - global.abi.org - 07/19/2018 - 22:17 - 0 comments

Canadian Regulators Impose Penalties on Former Executives of Bankrupt Sino-Forest

Canada’s top securities regulator ordered the founder and four former executives of bankrupt Chinese timber company Sino-Forest to pay 76.3 million Canadian dollars (US $58 million) in penalties and forfeited compensation for their role in what regulator ...

Daily Headline - global.abi.org - 07/12/2018 - 01:21 - 0 comments

Bank of Canada’s Expected Hike Is Six Months in Making for Poloz

Stephen Poloz can’t hold off raising interest rates any longer. Economists are predicting the Bank of Canada governor will resume tightening policy this Wednesday in what would be the first increase in borrowing costs since January, Bloomberg News report ...

Daily Headline - global.abi.org - 07/09/2018 - 22:15 - 0 comments

Four Seasons Owner Says Unable to Pay Coupons on 525 Million Pounds of Company Debt

Coupons on 525 million pounds ($701.40 million) of debt underpinned by retirement home operator Four Seasons will not be paid, the issuers of the notes said on Wednesday. The owners of Four Seasons recently agreed a deal with investment firm H/2 Capital ...

Daily Headline - global.abi.org - 06/13/2018 - 23:42 - 0 comments

TSX Proposes Amendments to Rules Governing Special Purpose Acquisition Corporations

On May 31, 2018, the Toronto Stock Exchange (TSX) published for comment proposed amendments to the rules relating to special purpose acquisition corporations (SPACs). The proposed amendments would simplify the process of forming and listing a SPAC and co ...

Resource Article - twallace@abiwor... - 06/13/2018 - 10:33 - 0 comments - 0 attachments

Latest in Banking / Actualité de la banque

Welcome to the Latest in Banking. With the disruptive evolution that is underway, banks should consider how they can achieve more than just executing a real-time payment transaction. This means scaling efficiently with the changing ecosystem and gro ...

Resource Article - twallace@abiwor... - 06/01/2018 - 10:36 - 0 comments - 0 attachments

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