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bankruptcy

US no-frills pioneer Spirit Airlines files for bankruptcy protection

Spirit Airlines has filed for bankruptcy protection, it said on Monday, after the pioneer of no-frills travel in the...

Published 18 Nov, 2024 04:45pm

Business & Finance

Byju avoids bankruptcy

MUMBAI: An Indian appeals tribunal stopped bankruptcy proceedings against troubled educational technology firm Byju...

Updated 05 Aug, 2024 07:34am

Business & Finance

Esprit files for bankruptcy of European businesses

FRANKFURT: Fashion group Esprit said Wednesday it has filed for bankruptcy of its European businesses, seeking to...

Published 16 May, 2024 06:28am

Business & Finance

IMF loan termed a short-term solution to help country avert default

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 18 Nov, 2023 06:03am

World

Vice Media files for Chapter 11 bankruptcy to facilitate sale

Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to...

Published 15 May, 2023 01:06pm

Pakistan

PDM govt averted bankruptcy, says Aurangzeb

ISLAMABAD: Minister of information and Broadcasting Marriyum Aurangzeb on Wednesday said that the PDM government...

Published 20 Apr, 2023 06:30am

Business & Finance

Revlon cleared to exit bankruptcy with $2.7bn debt reduction deal

NEW YORK: A US judge on Monday approved Revlon Inc’s reorganization plan, allowing the cosmetics maker to cut $2.7...

Published 10 Apr, 2023 06:45am

Business & Finance

India asks state-run banks to monitor top loan accounts

MUMBAI: India has asked state-run lenders to adopt stricter monitoring of top corporate loan accounts and submit a...

Published 30 Mar, 2023 06:35am

Business & Finance

Revlon reaches lender settlement, sends bankruptcy plan to vote

MANHATTAN: Revlon Inc on Tuesday announced a deal with a holdout faction of lenders, removing the largest remaining...

Published 27 Feb, 2023 07:48am

Pakistan

Pakistan closes to bankruptcy, claims Mussarat

LAHORE: Pakistan is on the verge of bankruptcy and no international body considers Ishaq Dar reliable and also not...

Published 07 Jan, 2023 07:53am

Opinion

Pakistan won’t default

The ongoing ‘default’ discussion is a favourite political and economic pastime. After the first decade since...

Published 12 Dec, 2022 06:07am

Business & Finance

Crypto turmoil ‘not a surprise’, says ECB

FRANKFURT: The recent collapse of a major cryptocurrency exchange platform that has sent shockwaves through the...

Published 17 Nov, 2022 05:59am

Pakistan

Imran took debt to Rs45,000bn: Marriyum

ISLAMABAD: Federal Minister for Information and Broadcasting Marriyum Aurangzeb on Monday said the Pakistan...

Published 18 Oct, 2022 06:02am

Opinion

IMF programme needs to be protected

This is apropos a Business Recorder news item “Miftah gives a detailed account: How country saved itself from...

Updated 20 Jul, 2022 06:08am

Business & Finance

US court approves LATAM Airlines plan to exit bankruptcy

NEW YORK: A New York City court approved a plan by Latin America’s largest airline, LATAM Airlines, to exit...

Published 19 Jun, 2022 10:57am

Business & Finance

Cosmetics company Revlon files for bankruptcy protection

Bankruptcy filing comes days after the Wall Street Journal reported Revlon had begun talks with lenders ahead of looming maturities of debt to avoid bankruptcy

Published 16 Jun, 2022 03:33pm

Pakistan

Govt's policies will lead country towards bankruptcy: Imran Khan

Former premier says will announce future course of action during Dir rally

Updated 02 Jun, 2022 06:28pm

Business & Finance

‘Efforts needed to save vulnerable economies from bankruptcy’

FAISALABAD: Global economy is in the grip of multidimensional problems and sustained efforts are required to avert...

Published 30 May, 2022 05:53am

Business & Finance

Google’s Russian subsidiary to file for bankruptcy

MOSCOW: The Russian subsidiary of US tech giant Google said Thursday it will file for bankruptcy after authorities...

Published 23 May, 2022 08:02am

Sports

Boris Becker jailed in Britain over bankruptcy

LONDON: Former tennis star Boris Becker was on Friday jailed for two and a half years after being found guilty by a...

Published 30 Apr, 2022 05:53am

Business & Finance

Indonesia’s Garuda airline enters debt restructuring

JAKARTA: Garuda Indonesia has entered a court-supervised restructuring process as the debt-ridden airline tries to...

Published 13 Dec, 2021 06:45am

Business & Finance

Reliance Capital: India’s RBI to start bankruptcy procedure

BENGALURU: India’s central bank said on Monday it would initiate bankruptcy proceedings against Reliance Capital...

Published 30 Nov, 2021 05:23am

World

Berlin airport calls for cash to stave off bankruptcy

BERLIN: Berlin Brandenburg Airport (BER) finally opened last year after an eight-year delay, but it already needs a...

Published 31 Oct, 2021 04:05am

Business & Finance

J&J puts talc liabilities into bankruptcy

NEW YORK: Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby...

Published 18 Oct, 2021 04:42am

Business & Finance

Philippine Airlines files for bankruptcy

MANILA: Philippine Airlines said Saturday it was filing for bankruptcy in the United States to slash $2 billion in...

Published 06 Sep, 2021 06:14am

World

Malaysian ex-PM Najib faces bankruptcy over tax bill

Najib lost power in 2018 when his party, which had governed the Southeast Asian nation for six decades, was defeated at the polls after he became embroiled in a financial scandal.

Published 07 Apr, 2021 06:04pm

Business & Finance

Texas electricity firm files for bankruptcy citing $1.8bn in claims from grid operator

Brazos Electric aims to restructure debt under court supervision.
State investigating actions by grid operator and power suppliers.
Financial fallout from blackout threatens dozens of power providers, utilities.

Published 01 Mar, 2021 08:07pm

Markets

Chesapeake Energy emerges from US bankruptcy court

NEW YORK: Chesapeake Energy, an icon of the US shale boom that fell on hard times, emerged from bankruptcy Tuesday...

Published 12 Feb, 2021 04:54am

Business & Finance

China's HNA says creditors seek its bankruptcy, reorganisation

HNA Group said in a WeChat post it received a notice from a Hainan court that its creditors had acted because it was unable to pay its debts.
It had 706.7 billion yuan ($109.78 billion) in debts at the end of June 2019, the last bond report it made public that year showed.

Published 29 Jan, 2021 05:27pm

Business & Finance

Low-cost Norwegian Air Shuttle drops long-haul

The company has been placed under bankruptcy protection in Ireland and Norway to shield it from creditors while it tries to come up with a financial restructuring plan.

Published 14 Jan, 2021 05:38pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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