Showing 1 - 10 of 20
Asian currencies subdued as investors await Fed decision
Reuters, Published on 22/03/2023
» SYDNEY: Most Asian currencies were tepid on Wednesday, with the Philippine peso falling most, as investors await the conclusion of the Federal Reserve's (Fed) policy meeting for clarity on the future United States rate path.
FTX case has raised 'serious allegations', says Singapore minister
Reuters, Published on 17/11/2022
» SINGAPORE: The collapse of crypto exchange FTX has raised "very serious allegations that amount to potential fraud", Singapore's finance minister and deputy prime minister said on Thursday.
Zipmex files for bankruptcy protection in Singapore
Reuters, Published on 29/07/2022
» SINGAPORE: The cryptocurrency exchange Zipmex said on Friday that it has filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.
Crypto lender Celsius files for bankruptcy
Reuters, Published on 14/07/2022
» NEW YORK: US crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices.
Thai Airways to sell 42 jets, cut workforce to reduce costs
Reuters, Published on 01/11/2021
» Thai Airways International Plc will sell 42 planes and cut nearly a third of its workforce as part of a plan to slim down the fleet and cut costs, the head of its restructuring committee said on Monday.
Court nod paves way for makeover of THAI B400bn debt
Reuters, Published on 15/06/2021
» Thai Airways International won court approval on Tuesday for restructuring its 400-billion-baht debt load as the airline that is already under bankruptcy protection seeks to turn around its fortunes.
Thai Airways says it has cut about 240 executive positions
Reuters, Published on 19/02/2021
» Thai Airways International announced on Friday it had cut around 240 executive positions at the airline as part of its bankruptcy restructuring process.
Malaysian court asked to halt AirAsia X restructuring that ‘favours Airbus’
Reuters, Published on 15/12/2020
» KUALA LUMPUR: Lessor BOC Aviation Limited (BOCA) has asked a Malaysian court to dismiss AirAsia X Bhd's debt restructuring scheme as it rules out a debt-to-equity swap and gives too much power to Airbus as a creditor, an affidavit filed by a top BOCA executive shows.
Court extends THAI bankruptcy hearings
Reuters, Published on 17/08/2020
» The Central Bankruptcy Court said on Monday it had scheduled two more days of hearings to consider Thai Airways International's request for restructuring.
US weekly jobless claims drop below 2m
Reuters, Published on 04/06/2020
» WASHINGTON: The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by Covid-19.