South Korean court declares Hanjin bankrupt

by www.latimes.com

A South Korean court has declared Hanjin Shipping Co. bankrupt, about six months after the struggling shipper first filed for bankruptcy.

The Seoul Central District Court said Friday it had appointed a bankruptcy administrator and that claims by creditors are due May 1, according to Reuters. The...


Read Full Article On www.latimes.com
Latest
OTTAWA - The country's top soldier says the military is not hurting for money and is instead taking a closer look to make sure the billions of dollars it currently gets from the government is being we
France has insisted that the UK must first sort out the terms of its exit from the European Union before talks can move on to future relationships. President Francois Hollande told British Prime Minis
VANCOUVER - A special prosecutor has been appointed to provide legal advice to the RCMP over possible violations of British Columbia's Elections Act. A statement from the B.C. Criminal Justice Branch
CALGARY - Cenovus Energy (TSX:CVE) made a splash in the oil patch Wednesday with a $17.7-billion deal to buy a big chunk of U.S.-based ConocoPhillips's oilsands assets, doubling the size of the Calgar
The deficit of Ukraine’s current account of the balance of payments in February increased by 2.8 times compared with January, to $399 million, according to preliminary data posted on the website
EDMONTON - Alberta's oilsands could be heading for a showdown over toxic tailings ponds following an independent assessment that found cleanup plans of six major producers don't meet new rules. The
TORONTO - A ruling that senior RCMP officers mercilessly harassed a sergeant after deciding he had lied about his run for political office should be set aside as flawed, the federal government said Th
Israel Aerospace Industries will supply targeting and surveillance pods to an unnamed Asian nation for about $200 million, the company announced this week.
The Vatican urged U.S. President Donald Trump to listen to “dissenting voices” and reconsider his position on climate change on March 30, saying the United States risked losing its environ
OTTAWA - One of the perceived front-runners in the Conservative leadership race is calling Sen. Lynn Beyak's comments about residential schools "unfortunate" — but Kevin O'Leary is stopping short of s
President of Ukraine Petro Poroshenko has discussed with President of Romania Klaus Iohannis the strengthening of energy security of the two countries by expanding the gas transportation opportunities
The U.S. software giant is launching a new lab in Munich — following openings in Redmond and Shenzhen, China — for customers investing in the so-called Internet of Things (IoT), the idea that everyth
Those in the West who believe that deterioration of Russia-Ukraine relations may be beneficial to anyone are wrong, Russian President Vladimir Putin said. “Some in the United States and some oth
OTTAWA - Kevin O'Leary says he will attend the Conservative party's final formal leadership debate in Toronto next month. But the celebrity businessman-turned-leadership-front-runner tells The Canadi
Lawrence Mafuru, the person appointed by Tanzanian authorities as statutory manager at FBME Bank and is considered uncooperative in Cyprus, blamed the Central Bank of Cyprus for the delay in refundin
Realty firm Mahindra Lifespace Developers Ltd has increased stake in its joint venture firm Mahindra Homes Pvt Ltd to nearly 75 percent from 50 percent.
KPMG revealed the results of a study that they have completed where they looked into the socio-economic impact of the Koeberg nuclear power station from 2012 to 2025.
Ford to boost connected car research after hiring BlackBerry engineers and will invest $600 million in Windsor plants.             
The donation, which will be used to draw top research talent and to explore novel ways of fighting cancer, breaks the previous record of $20 million, also set by the Bezos family, which includes the
Providing clarity on regulatory requirements, the government today said all forms of MA deals falling within the stipulated threshold limits for turnover and assets will not require CCI approval.
National Treasury asked a court to dismiss an urgent application by Vardospan to press Finance Minister Pravin Gordhan to decide on its bid to buy an overseas bank.
Last week, two Illinois federal judges dismissed lawsuits filed by John Crane Inc., an Illinois-based industrial manufacturer, against two out-of-state asbestos law firms, concluding both firms’ ties
WASHINGTON (Reuters) - U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imp
The Union Cabinet is expected to allow unrestricted exports of all certified organic agricultural products, a move which would help in boosting shipments.
President Trump might just be back-pedaling and only planning minor revisions to the North America Free Trade Agreement. That's good, because the data suggests Mexico -- the most frequent subject of h
"SBI#39;s IDR is driven by its support rating floor of BBB-, which is at same level as its viability rating of bbb-, implying bank#39;s standalone credit strength also underpins the IDR," it said.
VANCOUVER - Charges have been laid against the owners of the MV Marathassa nearly two years after a leak of bunker fuel onto the beaches of English Bay in Vancouver. Documents filed in provincial cou
With India#39;s auto industry expected to see structural growth for many years, there are many allied industries which are expected to ride the wave, dominated by the oil marketing companies and a f
Nation#39;s largest lender State Bank of India today raised USD 500 million in forex debt in three-year dollar money as part of its medium term notes (MTN) programme, making it the second fund raisi
RSS-affiliated Swadeshi Jagran Manch (SJM) today alleged that seeds multinational Monsanto has collected nearly Rs 7,000 crores by exploiting cotton farmers in the country.
WASHINGTON (AP) — Top House Democrat Nancy Pelosi says she supports the Trump administration’s request to increase the government’s borrowing limit. The increase was requested by Treasury
Luxembourg has claimed the legal right to host the London-based European Banking Authority after Brexit, a government spokeswoman told AFP on Thursday.
States have begun throwing struggling nuclear plants lifelines in the form of subsidies that value nuclear power’s zero-carbon-emissions attributes, but opponents contend these schemes illegally inter
OMAHA, Neb. (AP) — A coalition of environmental groups is challenging the federal permit for the Keystone XL oil pipeline in court because they say additional environmental scrutiny is needed. The Si

Recent News

Fred Hutch receives $35 million donation, largest ever, from Bezos family

The donation, which will be used to draw top research talent and to explore novel ways of fighting cancer, breaks the previous record of $20 million, also set by the Bezos family, which includes the
Read Full Story

Microsoft opens its first European lab for Internet of Things

The U.S. software giant is launching a new lab in Munich — following openings in Redmond and Shenzhen, China — for customers investing in the so-called Internet of Things (IoT), the idea that everyth
Read Full Story

Stoltenberg: NATO provides demining equipment to Ukraine after Balaklia blasts

NATO Secretary General Jens Stoltenberg says that NATO is currently providing personal protection and demining equipment to Ukraine after artillery ammunition explosions near Balaklia on March 23.
Read Full Story

Senate hearing: Russian meddling did not stop at the election – CNN

The Senate intelligence committee opened its first public hearing on Russian meddling in the U.S. election Thursday with calls for nonpartisanship, citing ongoing foreign interference that threatens &
Read Full Story

Rupee ends almost flat at 64.92/$

The rupee showed signs of fatigue after a three-day stellar rally and ended almost flat at 64.92 against the US currency. Renewed demand for the greenback from importers alongside the dollar’s gai...
Read Full Story

MCX lead stuck in a sideways range

The lead futures contract on the Multi Commodity Exchange (MCX) has been consolidating in a sideways range between ?145 and ?155 per kg for more than a month now. A breakout on either side of ?145 or
Read Full Story

Popular Finance

 

India joins International Energy Association

The "Activation of Association" is expected to serve as a bridge and platform for wider-ranging and deeper co-operation and collaboration between IEA member and Association countries in the future.
Read Full Story

Pence casts tie-breaking vote to advance bill that would let states withhold federal funds from Planned Parenthood

Trump attacks House Freedom Caucus as Republican in-fighting intensifies March 30, 2017, 10:25 a.m. Here's our look at the Trump administration and the rest of Washington: Trump threatens to fight
Read Full Story

Not having an All Star next year would break Jeanie Buss' heart, says Lakers' controlling owner

This year in New Orleans marked the first time in two decades that the Lakers did not have a representative at the All-Star game. Los Angeles will host next year’s game, which has Lakers controlli
Read Full Story

Trump levels extraordinary threat against GOP conservatives; Ryan says he understands president's frustration

Trump attacks House Freedom Caucus as Republican in-fighting intensifies March 30, 2017, 10:25 a.m. Here's our look at the Trump administration and the rest of Washington: Trump threatens to fight
Read Full Story

Proof of an afterlife is no stairway to heaven in 'The Discovery'

You can run on for a long time, as Johnny Cash once helpfully told us, but sooner or later God (or perhaps one too many bacon-wrapped hot dogs) is gonna cut you down. And then what? Angels? Garden
Read Full Story

Five mistakes to avoid when you're buying craft beer

Buying beer used to be simple. The hardest choice you had to make was imported or domestic, or maybe how many cans you wanted. Today, craft beer is everywhere, and the beer run is no longer a walk
Read Full Story

Former offenders will help award millions in Proposition 47 grants to community services

California politics updates: ICE director's appearance at Sacramento immigration forum draws protestors March 30, 2017, 10:49 a.m. This is Essential Politics, our daily look at California politica
Read Full Story

California's attorney general could investigate local police shootings under new legislation

California politics updates: ICE director's appearance at Sacramento immigration forum draws protestors March 30, 2017, 10:49 a.m. This is Essential Politics, our daily look at California politica
Read Full Story

N. Carolina lawmakers approve 'bathroom bill' repeal; governor expected to sign it

North Carolina lawmakers approved a bill Thursday that would repeal the state’s contentious law that limits transgender bathroom access. The bill now goes to Gov. Roy Cooper, who supports it. In
Read Full Story