Tupperware shares soar on agreement with lenders to restructure debt
(Reuters) – Tupperware Brands said on Thursday it has finalized an agreement with its lenders to restructure its debt obligations in an effort to turnaround its business, sending its shares soaring 57%…
Volvo Buses to restructure in Europe, hitting 1,600 jobs
OSLO (Reuters) – Volvo Group will restructure its European bus-making operation in a bid to restore it to profitability, divesting from a Polish plant and axing 1,600 jobs, the Swedish company said…
Japan says no pact yet with Sri Lanka on debt restructure talks
TOKYO (Reuters) -Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a government official in Tokyo said on Thursday, as the island nation struggles to…
Yellen says it’s in China’s interest to restructure Sri Lanka’s debt
By Andrea Shalal and Marc Jones NUSA DUA, Indonesia – China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries if China…
Crisis-hit Sri Lanka to present debt restructure plan to IMF by August
By Uditha Jayasinghe COLOMBO -Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for a four-year…
Celsius hires lawyers to restructure business after freezing withdrawals – WSJ
(Reuters) – Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, the…
Lazard, Clifford Chance reach Sri Lanka to advise on debt restructure – PM
COLOMBO – Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island nation’s prime…
Malaysia’s AirAsia X completes debt restructure, to write back nearly $8 billion to profit
– Malaysia’s Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write 33 billion ringgit ($7.86 billion) back to profits in the next quarter. Under the airline’s…
Activist Investors Are Pushing To Restructure Tech Companies And Take Down ‘Hate Speech’
A group of activist investors are pressuring major tech companies to overhaul their culture and business structure, proposing shareholder resolutions aimed at reorganizing senior leadership, ending certain business practices and censoring more…
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