Bankruptcy

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UPDATE 1-Dubai's Amlak postpones first shareholder meet in six years on low interest

DUBAI, Sept 21 - The first shareholder meeting of Dubai mortgage lender Amlak Finance in more than six years was postponed on Sunday after too few shareholders attended for it be recognised as valid.

Dubai's Amlak Finance postpones shareholder meeting for lack of quorum

DUBAI, Sept 21 - The first shareholder meeting of Dubai mortgage lender Amlak Finance in nearly six years was postponed on Sunday after not enough shareholders attended for it be recognised as valid.

8:03pm IST

UPDATE 1-EE in talks to take over dozens of Phones 4U stores

(adds comment from spokesman, details on number of stores)

7:54pm IST

EE in talks to take over 60 Phones 4U stores-Sunday Times

LONDON, Sept 21 - EE, Britain biggest mobile operator, is in talks to take over more than 60 stores from Phones 4U, which fell into administration on Monday, the Sunday Times reported, without citing sources.

6:07pm IST

Bankruptcy most likely scenario for indebted Mechel-economy minister

SOCHI, Russia, Sept 20 - Russian Economy Minister Alexei Ulyukayev said on Saturday that bankruptcy was the most likely scenario for the over-indebted steelmaker Mechel .

20 Sep 2014

UPDATE 2-Detroit council approves regional water authority deal

(Adds council member comments, Syncora deal, details of authority)

20 Sep 2014

Phones 4U says Vodafone will take 140 of its stores

LONDON, Sept 19 - Phones 4U's administrators PwC said Vodafone UK had agreed to take on 140 of its stores on Friday, saving 887 jobs, while a further 628 staff will be made redundant.

19 Sep 2014

Detroit council approves regional water authority deal

DETROIT, Sept 19 - The Detroit city council on Friday approved in a 7-2 vote the creation of a regional water authority, moving forward an integral part of the city's plan to exit the biggest-ever municipal bankruptcy.

19 Sep 2014

Detroit council OKs deal to end insurer's bankruptcy objections

DETROIT, Sept 19 - The Detroit City Council on Friday approved a deal with bond insurer Syncora Guarantee Inc that will end its objection to the city's plan to adjust its debt and exit the biggest-ever municipal bankruptcy.

Regulatory News, 19 Sep 2014

UPDATE 2-Swiss begin bankruptcy proceedings against Espirito Santo private bank

ZURICH/LISBON, Sept 19 - Switzerland's financial regulator, FINMA, said on Friday it had initiated bankruptcy proceedings against Banque Privee Espirito Santo SA (BPES), part of the Portuguese Espirito Santo family's collapsed business empire.

19 Sep 2014
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Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

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Omnis Culpa Fugiat Velit Perspiciatis In. Illum Commodi Do Incidunt Qui. Veritatis Doloremque Tempora Beatae Sint Doloremque.

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