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Business

Carillion to discuss rescue with creditors

LONDON: Struggling British building and services company Carillion, which is involved in Britain’s planned high-speed rail link HS2, said on Saturday it would meet creditors on Wednesday as it seeks a financial rescue plan.

Business

TH Heavy given two months to meet creditors on scheme of arrangement

KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) and its subsidiaries have been ordered by the court to propose a scheme of arrangement to their secured and unsecured scheme creditors within 60 days at separate meetings.

Markets

Asian shares fuelled by Wall St's rise on weaker dollar

TOKYO: Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel solid gains on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 1.3 percent in early trading, while Japan's Nikkei stock average opened up 0.2 percent.

World

Spain says no cash for Greece until reforms implemented - FT

MADRID (Reuters) - The euro zone will not make any cash payment to Greece until it has passed and implemented all the reforms Athens agreed on in February, Spain's Economy Minister Luis de Guindos told the Financial Times on Sunday.

World

Greek leader to face scepticism, criticism on first Berlin visit

BERLIN (Reuters) - Angela Merkel and Alexis Tsipras have sought to play down the drama of the Greek leader's first official visit to Berlin on Monday, but open scepticism among the Chancellor's allies has spawned media portrayals of a western-style showdown.

World

Merkel sets strict terms for Greek aid, Juncker flags EU cash

BRUSSELS (Reuters) - European Union leaders welcomed a pledge on Friday from Greece to meet creditors' demands for a broad package of economic reform proposals within days to unlock the cash Athens needs to avoid stumbling out of the euro zone.

Business

SAAG starts debt revamp, plans to meet creditors next week

PETALING JAYA: Troubled SAAG Consolidated (M) Bhd is taking the first steps to restructure its massive debt of some RM700mil by meeting its creditors next week, sources said.

AseanPlus News

Embattled CAO owes banks RM577mil

AFTER announcing losses of more than half a billion dollars, embattled China Aviation Oil (Singapore) owes a dozen banks a total of US$152mil (RM577.6mil), court documents showed Saturday.