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China's Foreign Debt Decline Narrows in Q1
Jul 1, 2016The drop in China's outstanding foreign debt narrowed in the first quarter of the year, with improving structure and rebounding intercompany loans, data from the country's forex regulator showed Thursday. The debt settled at 1.36 trillion ...
Tags: foreign debt, forex regulator
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Unsecured Creditors Objects to Sports Authority's Plan
Apr 5, 2016The unsecured creditors committee in the Sports Authority’s bankruptcy case has filed a strong objection to the retailer’s proposed DIP financing package. The committee, representing largely vendors and landlords, called it a ...
Tags: Sports Authority, DIP
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McCormick May Hike Offer Price for Premier Foods
Mar 30, 2016American flavor company McCormick may increase the bid price for UK based Premier Foods after its £494m offer was rejected twice earlier. Premier Foods, which owns Mr Kipling cakes and Bisto gravy was offered 60 pence per share ...
Tags: McCormick May, Premier Foods
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Beales Saved By CVA Rental Cuts
Mar 28, 2016Bournemouth-based retailer Beales has secured a rescue package in the form of a CVA, which will see rent cut at 11 of its 29 stores, reports The Guardian. In a process similar to that which took place at BHS earlier this week, Beales' ...
Tags: Beales, CVA, Rescue package
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China External Debt at 1.53 Trillion Usd by September
Dec 31, 2015China's outstanding foreign debt settled at 1.53 trillion U.S. dollars by the end of September, data from the country's forex regulator showed on Wednesday. Most of the debt owed to foreign creditors resulted from short-term borrowing, as ...
Tags: External Debt
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Atlantic Met Coal: US Takes Aim on Benchmark HCC Reference
Dec 15, 2015Atlantic metallurgical coal buyers and miners Friday were positive on the reported $81/mt hard coking coal benchmark, with new spot US offers looking to match or exceed this reference. Some buyers were bracing for a settlement closer to ...
Tags: Atlantic Met Coal, hard coking coal, coke
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Aditya Birla Has Received Shareholders' Approval for Merging Grasim Industries
Jul 10, 2015Kumara Mangalam Birla led Aditya Birla Chemicals (ABCIL) and a company of the Aditya Birla Group said it has received shareholders’ approval for merging the company with Grasim Industries. “The merger between the two companies ...
Tags: ABCIL
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Shanton Fashions Gone Into Liquidation That Could Threaten Dozens of Jobs
Jun 29, 2015Shanton Fashions, which operates a chain of women's clothing stores in New Zealand, has gone into liquidation that could threaten dozens of jobs, the media has reported. Although 18 stores are still trading, an initial report by ...
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Positive Signs Emerge for Economy During Q2
May 21, 2015Industrial restructuring, growth in services good indicators of improving conditions, say experts Positive signs have started to emerge in China's economy since the second quarter, suggesting deepened industrial restructuring amid rapid ...
Tags: Industrial restructuring, Positive signs, China's economy
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SMC Acquired Australia's Vinocor for an Undisclosed Amount.
Mar 17, 2015Philippines-based food, beverage and packaging company San Miguel Corporation (SMC) has acquired Australia’s Vinocor for an undisclosed amount. Vinocor specialises in supplying wine bottle closures and customised bottles in ...
Tags: Wine Packaging, beverage packaging
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Betta Foods Entered Into Administration to Save The Business by Selling It
Jan 28, 2015Melbourne-based confectionery company Betta Foods has entered into administration, in an attempt to save the business by selling it. Established in 1954, Betta Foods produces liquorice and marshmallow products under the Capricorn and ...
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Iconic Ernest Hillier Been Placed Into Voluntary Administration
Jan 20, 2015Australia’s oldest chocolate business, the iconic Ernest Hillier has been placed into voluntary administration, and a meeting with creditors will take place on Tuesday 20 January 2014. Hillier’s administrator, Bruno Secatore ...
Tags: chocolate business, Agriculture
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Bell Ice Cream Decided Voluntarily to Shut Down After 44 Years of Manufacturing Ice Cream
Jan 13, 2015One of Australia’s most iconic food brands Dairy Bell Ice Cream has decided voluntarily to shut down after 44 years of manufacturing ice cream in Australia, and has told Australian Food News that its assets are available for sale. ...
Tags: Ice Cream, Agriculture
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AHMSA Presented a Civil Court Request to Lift The Suspension of Payments to Creditors
Dec 22, 2014This week, Altos Hornos de Mexico S.A.B. de C.V. (AHMSA) presented a civil court request in Monclova, Coahuila, to lift the suspension of payments to creditors. The application is supported by a general agreement with the required ...
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US Steel Canada Owes Over $94 Million to Contractors and Suppliers
Sep 25, 2014Local news reported Tuesday that US Steel Canada, which has recently applied for creditor relief, owes over $94 million to contractors and suppliers, including 190 companies in the Hamilton, Ontario area, but the preliminary list of ...