Jackson School District considers redistricting, restructuring amid budget crisis
JACKSON, N.J. — Facing budget constraints, shifting enrollment numbers, and aging school infrastructure, the Jackson School District is considering a range of strategies to address class size imbalances and facility deficiencies. In…
Garuda Indonesia halves debt with restructuring, on track for profit – government
JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said on Tuesday.…
Lufthansa sees no significant restructuring costs in 2022
FRANKFURT – German flag carrier Lufthansa said on Tuesday it sees no further significant restructuring costs this year, a relief after reorganisation efforts amid the COVID-19 pandemic weighed on its results in…
Indonesia airline Garuda proposes another debt restructuring extension
JAKARTA – State-controlled carrier Garuda Indonesia has asked a Jakarta court to extend for the third time its deadline to complete its debt-restructuring process, its CEO said, as the verification of claims…
Analysis-Complex web of creditors, politics threatens Sri Lanka restructuring
By Jorgelina do Rosario LONDON – Social unrest, political uncertainty and a complex web of creditors could scupper Sri Lanka’s push for a swift overhaul of its $12 billion overseas debt, analysts…
Brazilian miner Samarco creditors reject debt restructuring proposal
SAO PAULO – Creditors of Brazilian miner Samarco Mineracao SA, a joint venture of Vale SA and BHP Billiton Ltd, on Monday rejected the debt restructuring plan presented by the company in…
Analysis – Sri Lanka bondholders brace for big losses in debt restructuring
By Jorgelina do Rosario and Karin Strohecker (Reuters) – Sri Lanka’s creditors face losing a third to half of their investment in the country’s dollar bonds, after the government announced it would…
Italy expects to sell Monte dei Paschi after restructuring
By Giuseppe Fonte and Valentina Za ROME – Rome expects to return Monte dei Paschi di Siena into private hands only after the bailed-out lender completes restructuring steps it is currently discussing…
Toshiba CEO resigns amid growing opposition to restructuring plans
TOKYO – Toshiba Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring plans. Senior executive Taro Shimada, a former…
IMF says wants G20 support to strengthen debt restructuring framework
WASHINGTON – The International Monetary Fund said on Thursday it is hoping that G20 finance leaders next week can advance proposals to strengthen a debt restructuring framework for poor countries as default…
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