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Tag: writeoff
Ukraine 'secures 20% debt write-off'
2015-08-27 14:52:22| BBC News | Business | UK Edition
The Ukrainian government announces a debt restructuring deal with creditors including a 20% write-off, saving the conflict-hit country from default.
Tags: debt
ukraine
secures
writeoff
Arrium to book $320m write-off amid iron ore pain, flags asset sales
2015-06-15 11:34:14| Industrial Machines - Topix.net
Arrium boss Andrew Roberts declared the indebted steel and mining group "certainly has a future" after the company said it expects to book a $320 million write-down due to the falling iron ore price and announced a review to consider asset sales and debt restructuring. In January, Arrium announced more than 500 job losses and $1.3 billion in write-downs associated with shutting its high cost Southern Iron mining operation in South Australia to stem losses caused by the collapse in iron ore prices.
Iran write-off hits Renault profits
2013-07-26 12:44:29| BBC News | Business | UK Edition
French carmaker Renault reports a huge fall in profits for the first half of 2013 after writing off the entire value of its business in Iran.
Tags: hits
iran
profits
renault
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