Pemex, World’s Most Indebted Oil Company, Gets Government Bailout as Suppliers Gripe About Unpaid Bills by Don Quijones • Apr 15, 2019 • 19 Comments “Once. Only this year. Later on, that’s their problem”: Finance Minister. It doesn’t help that $3.4 billion in fuel was stolen in 2018, including by insiders. Crackdown now underway.
Big Old Problem Just Re-Erupted on Eurozone’s Southern Flank by Don Quijones • Apr 11, 2019 • 54 Comments Italy’s fiscal health is once again in serious decline.
UK-Based Multinational Department Store Debenhams Collapses, After 200 Years of Trading by Don Quijones • Apr 9, 2019 • 50 Comments “The traditional private equity model should have no place in retail.”
UK Auto Sales Now Down 15% in Q1 from 2 Years Ago. Diesels in Death Spiral by Don Quijones • Apr 5, 2019 • 29 Comments But “superminis” are hot.
Deutsche Bank Seeking a “Guarantee of Existence” with Monster-Merger? by Don Quijones • Mar 27, 2019 • 26 Comments Opposition Is Growing to Merger Between Deutsche Bank and Commerzbank.
Just Get Brexit Over With? Businesses Fear Prolonging the Uncertainty by Don Quijones • Mar 18, 2019 • 35 Comments “In addition to uncertainty about what’s going to happen, now there’s uncertainty about when it will happen.”
Outsourcing Giant Interserve with 65,000 Employees Collapses by Don Quijones • Mar 15, 2019 • 37 Comments Shareholders wiped out, 14 Months after competitor Carillion Collapsed.
Transition to Cashless Society Could Lead to Financial Exclusion and System Vulnerability, Study Warns by Don Quijones • Mar 14, 2019 • 68 Comments “Serious risks of sleepwalking into a cashless society before we’re ready – not just to individuals, but to society.”
Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year by Don Quijones • Mar 12, 2019 • 23 Comments The acquisition created world’s biggest toll-road operator. But it was costly.
Time’s Running Out for World’s Most Indebted Oil Company by Don Quijones • Mar 10, 2019 • 23 Comments US rating agencies pressure Pemex and the new Mexican government. But Pemex is too big to fail.
