bankruptcy

Morphe and parent company file for Chapter 11 bankruptcy

Forma Brands LLC, the parent company of makeup retailer Morphe LLC, filed for bankruptcy in Delaware on Thursday with plans…

3 months ago

Losses deepen at crisis-hit SAS airline

STOCKHOLM • Troubled Scandinavian airline SAS, which has filed for bankruptcy in the US, reported on Wednesday deeper losses in…

4 months ago

FTX’s balance sheet, hack paint dim picture for user recovery

A SWIFT plunge in value of FTX’s key crypto assets, along with unauthorised withdrawals of funds after it filed for…

5 months ago

Musk warns Twitter bankruptcy possible if cash burn doesn’t stop

Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion, said that bankruptcy…

5 months ago

FTX investors are told bankruptcy likely without more capital

Sam Bankman-Fried (picture) told FTX.com investors Wednesday that without a cash injection the company would need to file for bankruptcy, according…

5 months ago

Has blockchain found a use beyond crypto trading?

PARIS – The bitcoin boom spawned new billionaires and videos of beach parties and Lamborghinis. The crypto crash brought devastation for…

8 months ago

Thai Air’s US$2.3b capital-raising plan led by government

Thai Airways International Pcl will receive key financial support from the government for its 80 billion baht (US$2.3 billion) capital…

8 months ago

Malaysia is much stronger than Sri Lanka, says Tengku Zafrul

According to minister, IMF is confident in Malaysia’s economic growth prospects having predicted the country’s GDP to grow by 5.75%…

9 months ago

US cosmetics giant Revlon files for bankruptcy

US cosmetics giant Revlon has filed for bankruptcy after years of stiff competition from rivals focused on online sales and…

10 months ago

Sri Lanka Central Bank Chief Threatens to Quit as Crisis Erupts

by BLOOMBERG COLOMBO, Sri Lanka – Sri Lanka’s central bank chief imposed more capital controls and threatened to resign if…

11 months ago

Genting HK bankruptcy highlights the lockdown damage on tourism

We have seen the damage on hotels and hospitality and also in airlines, says analyst  by NUR HANANI AZMAN / Pic…

1 year ago

Genting HK may file for bankruptcy as funding dries up

by BLOOMBERG HONG KONG • Genting Hong Kong Ltd may file for provisional liquidation after it wasn’t able to secure…

1 year ago

More than 300,000 small traders at risk of bankruptcy

Govt urged to provide allocation from the Covid-19 fund as a grant to help traders who took micro-credit loans from…

2 years ago