Billionaire Peugeot Dynasty Takes Near $300 Million Signa HitKey Takeaways From Fed’s Decision and Updated ForecastsFed Will Maintain Current Cadence of Reducing Its Balance SheetIntel Wins Almost $20 Billion in Chips Incentives for US PlantsFed Pencils In Three Rate Cuts in 2024, Shallower Path AheadTrudeau’s Mega Oil Pipeline Startup Date Hangs on Final 1.
Fed pencils in three rate cuts in 2024, shallower path ahead'The elephant in the inflationary room': Economists react to CPI dataManitoba premier says he's considering extending tax holiday on fuelU.S.
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Five-Star Venice Hotel Is a Glimmer of Hope for Signa Prime CreditorsA five-star hotel in Venice might just be one of the best chances for creditors of its insolvent owner, Signa Prime Selection AG, to recoup some of their losses.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
ECB’s €1 Trillion Property Loan Crackdown Shown in Signa ProbeEuropean Central Bank staff were concerned. After grilling more than half a dozen German and Austrian banks about their loans to property tycoon Rene Benko’s €23 billion ($25 billion) empire last year, they came away worried its lenders could be sitting on losses that they had yet to recognize.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Signa Unit That Owns Selfridges Offers Creditors 30% RepaymentThe Signa luxury unit that co-owns the Selfridges department store in London plans to offer creditors a 30% repayment on their debt under the current restructuring proposal.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Signa Prime’s Loan From German Family Stymies New Funding EffortA €200 million ($218 million) loan to Signa’s flagship property unit has become a roadblock in attempts to sell off its assets and fund a restructuring, according to insolvency administrators.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Signa Prime Is Set to Present Repayment Plan in Bid to Avert LiquidationSigna Prime Selection AG will lay out on Monday how it plans to pay back creditors, marking a crucial step in its effort to avoid liquidation.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Australian billionaire revives dream to set sail on Titanic IIFor more than a decade, Australian billionaire Clive Palmer has been the driving force behind plans to build Titanic II – a replica of the ill-fated ship that sank in 1912 with more than 2,200 people on board.
Source: CTVNationalNews - 🏆 82. / 51 Read more »