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  • April 19, 2014
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  1. News - Asia - FINANCE

    Mt. Gox bitcoin exchange to liquidate after bankruptcy protection rejected

    Posted Apr 17th 2014, 01:24am by AFP

    ... Associated Press in Tokyo Mt. Gox bitcoin exchange set to liquidate The Mt. Gox bitcoin exchange in Tokyo is heading for liquidation after a court rejected its bankruptcy protection ... as Satoshi Nakamoto and are used for transactions across borders without third parties such as banks. They have also become an investment craze. Mt. Gox said that bankruptcy proceedings were likely ...

  2. News - World - CURRENCY

    Mt Gox finds 200,000 ‘forgotten’ bitcoins after bankruptcy filing

    Posted Mar 21st 2014, 10:46pm by Reuters

    ... that it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection saying it lost nearly all the 850,000 bitcoins ... moving through the exchange after the bankruptcy filing. The exchange, headed by 28-year-old Frenchman Mark Karpeles, said the bitcoins were found in an old-format online wallet which it had ...

  3. News - World - FINANCE

    850,000 bitcoins lost as Mt Gox exchange files for bankruptcy

    Posted Feb 28th 2014, 07:04pm by Danny Lee and Agencies

    ... executive Mark Karpeles apologises for collapse of company Troubled bitcoin business Mt Gox yesterday filed for bankruptcy, ending days of speculation about the Tokyo-based company's dire financial situation. At a press conference at Tokyo District Court, Mt Gox's French CEO Mark Karpeles said the firm had applied for bankruptcy protection as it was saddled with 6.5 billion yen ...

  4. News - World - ITALY

    Rome spared bankruptcy by federal bailout

    Posted Mar 01st 2014, 06:49pm by The Guardian in Rome

    ... of a week which saw the spectre of bankruptcy loom large over the ancient capital, the Italian federal government said it had approved a last-minute decree that would give an urgently-needed ...

  5. News - Hong Kong - COURTS

    Creditor seeks bankruptcy of ex-Leung aide citing HK$40m debt

    Posted Feb 21st 2014, 03:37am by Austin Chiu

    ... A creditor of former executive councillor Barry Cheung Chun-yuen is now seeking his bankruptcy over a debt claim of HK$40 million, sinking the former key supporter of Chief Executive Leung Chun-ying further into a financial mire. Leung Chee-hon, director and shareholder of Hong Kong-listed Sunley Holdings, has filed a bankruptcy petition at the High Court. A hearing is set for April 16. ...

  6. Business - Commodities - MINING

    Bankruptcy bid against Citic Pacific unit dropped

    Posted Feb 19th 2014, 01:33am by BLOOM

    ... Bloomberg in Sydney Bankruptcy bid against Citic Pacific unit dropped Mineralogy, the Australian mining company owned by politician Clive Palmer, dropped its bid to push a Citic Pacific unit into bankruptcy as the two companies continue a dispute over royalties from the world's biggest magnetite iron ore project. Citic Pacific and Mineralogy both confirmed in e-mails ...

  7. News - World - MOTORING

    General Motors seeks protection from legal claims for pre-2009 conduct

    Posted Apr 16th 2014, 10:01pm by AP

    ... for conduct before its 2009 bankruptcy. The carmaker's strategy is in a motion filed for a federal court in Corpus Christi, Texas, and in other cases across the US that involve the defective ignition switches that have led GM to recall 2.6 million small cars. The motion asks District Judge Nelva Gonzales Ramos to delay action on the lawsuit until the bankruptcy court rules and other ...

  8. Business - Banking & Finance

    High-flyers' wings clipped under bankruptcy orders

    Posted Dec 28th 2013, 01:02am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com High-flyers' wings clipped under bankruptcy orders Rafael Hui Si-yan, former chief secretary of the city, now faces the same fate as the 7,767 other ... bankruptcy who wanted to be identified only as Li, explained that once the courts declared him bankrupt, he had no freedom to decide his personal finances and had to discuss his affairs ...

  9. Business - China Business - LAW

    Hong Kong investors at a disadvantage when firms with assets in China go bankrupt

    Posted Apr 03rd 2014, 03:07pm by Enoch Yiu

    ... firms out of reach The HK$4.1 billion bankruptcy proceedings involving a mainland subsidiary of Hong Kong-listed decorative paper maker Qunxing Paper highlight the risks to investors ... leader of restructuring services at Deloitte Touche Tohmatsu, who has handled many bankruptcies of Hong Kong-listed mainland companies. "If they go bankrupt, the 'one country, two ...

  10. Business - Banking & Finance - BANKING

    City commercial lenders 'in danger of bankruptcy'

    Posted Dec 11th 2013, 05:05am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com City commercial lenders 'in danger of bankruptcy' Many urban commercial banks on the mainland are in "danger of bankruptcy" as they become the biggest victims of a mounting local government debt problem, with local authorities struggling to repay debts estimated to total 20 trillion yuan (HK$25.5 trillion), Haitong International ...




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