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Headlines
Canadian Insolvencies Hit 16-Year High While Food Bank Use and Cost of Living Continue to Rise
The numbers aren’t dramatic at first glance — a 2.3 per cent annual increase in consumer insolvencies tempered by a 3.8 per cent dip in filings in the fourth quarter. But taken together, they tell a story about pressure building…
Mexico's TV Azteca Announces Bankruptcy Proceedings
Mexican broadcaster TV Azteca, which is controlled by Mexican business magnate Ricardo Salinas Pliego, said on Thursday that shareholders had approved a voluntary bankruptcy process for restructuring the company's finances and…
Turkey's Zorlu Holding in Debt Restructuring Talks with Lenders
Major Turkish holding company Zorlu began talks with state banks to restructure its debts, according to two people familiar with the private talks, in what could be the largest Turkish corporate loan structuring since the 2018…