Mystery surrounds recent reports that Premier Foods has sold £100M worth of its debt to US private equity house Apollo Global Management. Premier Foods brands include Hovis, Mr Kipling and Ambrosia The story originated from US ...
TUCSON, AZ (BRAIN) — Trisports.com has filed for Chapter 11 reorganization, citing a downturn in business stemming from problems with a new software system, competition from online retailers and the closure of a second retail store in ...
TCL Corporation (SZSE: 000100) revealed that a notice has been received from Century Science and Technology Investment Corporation, agreeing to exempt China Star Optoelectronics Technology (CSOT) from debts worth CNY 5.1 billion for an 8.5G ...
Tags: TCL, Electrical, Electronics
Metallurgical Corp. of China Ltd. (MCC, SHSE: 601618 and SEHK: 1618) is said to sell a majority stake in west Australia-based Lamber iron ore project. People close to it disclosed in an interview recently that it was busy looking for ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
General Motors will again be listed on the Standard & Poor’s 500 Index after being removed from the American equities listing in 2009 after filing for bankruptcy in the wake of the global financial crisis. Returning to the S&P 500, ...
Tags: General Motors, S&P 500
Trina Solar made USD 260.2 million net operating incomes in the first quarter this year, down 25.6 percent year on year and 14 percent quarter on quarter; net losses were USD 63.70 million. Besides USD 800 million debts, the company also ...
Tags: Metallurgy, Mineral, Energy, Solar
London-based Stemcor, the world's largest independent steel trader, has hired Simon Freakley as chief restructuring officer, within the scope of negotiations with banks on more than $1 billion of debt, according to Bloomberg. Stemcor will ...
Tags: UK, economics, trading, European Union, Istanbul
Clean Clothes Campaign activists are set to stage protests across Europe on 24th May calling on major brands to pay compensation for fire and building collapse victims in Bangladesh. The protests take place exactly one month after the Rana ...
Spring Festival (The Chinese New Year) (1st of the 1st month) The biggest and most celebrated festival in China and part of east and Southeast Asia. This usually runs over 3 days not including the weekend and is at the end of January or ...
Tags: festivals in China, Chinese traditional festivals, Chinese traditions
Lenders to London-based Stemcor, the world's largest independent steel trader, have appointed PricewaterhouseCoopers (PwC) to assess Stemcor's proposal for a standstill agreement on $850 million of loans, according to Reuters. After ...
Tags: Mineral, Standstill Deal Request
On 18 April 2013, the Austrian sawmill-equipment supplier M-T-T Maschinentechnik filed its own application for the commencement of rescue proceedings at the Klagenfurt district court. In addition to declines in order receipts totalling ...
Anhui Province-based Chinese steelmaker Ma'anshan Iron and Steel (Masteel) has announced that plans to issue medium-term notes worth RMB 1 billion ($161 million) on May 10. The period of issuance of the medium-term notes is three years, ...
Tags: Masteel, Medium-Term Notes
Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, has announced that on May 14 it will issue short-term bonds worth RMB 1 billion ($161 million) in a third-phase bond ...
Tags: Bayi Steel, Short-Term Bonds
Guangzhou Province-based Chinese pipe producer Panyu Chu Kong Steel Pipe Co. has announced that, for the purpose of increasing working capital and repaying debts, it will issue short-term bonds worth RMB 200 million ($32 million) on May 9. ...
Tags: Steel Pipe, Mineral
Preceding days On the eighth day of the lunar month prior to Chinese New Year, a traditional porridge known as làbāzhōu is served in remembrance "of an ancient festival, called Là, that occurred shortly after the ...
Tags: Festivities, New Year