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Bankruptcy

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Business

Banks pull the plug on South Korea's Hanjin Shipping

One of the world's biggest container shipping firms, South Korea's Hanjin Shipping, is headed for bankruptcy after the lenders it has borrowed money from pulled the plug.

One of the world's biggest container shipping firms, South Korea's Hanjin Shipping, is headed for bankruptcy after the lenders it has borrowed money from pulled the plug.

Business

Saddled with 1.3 billion euros of debt, Greek retailer Marinopoulos gets bankruptcy protection

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

Business

Russia's Transaero airline grounded over safety fears

Reports from Russia say the country’s second biggest airline, Transaero, has been grounded because of safety concerns. The transport minister has

Reports from Russia say the country’s second biggest airline, Transaero, has been grounded because of safety concerns. The transport minister has

News

Crucial bailout talks begin in Greece

Talks to pave the way for Greece’s third bailout are underway, with officials from its international creditors on the ground in Athens. The

Talks to pave the way for Greece’s third bailout are underway, with officials from its international creditors on the ground in Athens. The

News

50 Cent files for bankruptcy

Rapper 50 Cent has filed for bankruptcy in New York reporting debts and assets in the range of  $10 million to $50 million. It comes two months

Rapper 50 Cent has filed for bankruptcy in New York reporting debts and assets in the range of  $10 million to $50 million. It comes two months

Business

US gunmaker Colt files for bankruptcy

The legendary US gunmaker, Colt is filing for bankruptcy. The Conneticut based firm, which has been making weapons for 160 years, has been

The legendary US gunmaker, Colt is filing for bankruptcy. The Conneticut based firm, which has been making weapons for 160 years, has been

Business

Malaysia Airlines technically 'bankrupt', says new CEO

The new boss of Malaysia Airlines has described the troubled airline as “technically bankrupt” after last year’s losses of Flights MH370 and

The new boss of Malaysia Airlines has described the troubled airline as “technically bankrupt” after last year’s losses of Flights MH370 and

News

No more aid till 'big, big problems' solved, Eurogroup tells Greece

There was food for thought for the Greek Finance Minister Yanis Varoufakis as the eurozone said in no uncertain terms that Athens would get no more

There was food for thought for the Greek Finance Minister Yanis Varoufakis as the eurozone said in no uncertain terms that Athens would get no more

Business

Greece's debt drama deepens after downgrade

There has been a nervous reaction across markets amid growing concerns Greece will default on its debt and Standard and Poor’s downgrading. The

There has been a nervous reaction across markets amid growing concerns Greece will default on its debt and Standard and Poor’s downgrading. The