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Headlines
Peru Approves Emergency Overhaul of State Oil Firm Petroperu
Peru’s government has approved an emergency decree allowing private investment in parts of the state-owned oil company Petroperu, as authorities move to stabilise a firm weighed down by mounting losses and debt, Aljazeera.com…
Chinese and Asian Suppliers in Limbo over Fashion Chain Claire’s Bankruptcy
Despite the festive atmosphere of the holiday season, suppliers and creditors of US fashion accessories chain Claire’s – including about 70 from Hong Kong, mainland China and across Asia – face financial anxieties as they grapple…
HSBC Starts Bankruptcy Petitions Against Barclay Brothers
HSBC has started bankruptcy petitions against the brothers Aidan and Howard Barclay amid large debts owed from the family’s collapsed logistics business, The Times reported. The bank filed the cases in the High Court in December…
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