Neiman Marcus skips debt payment as potential bankruptcy looms

NEW YORK (1) – Neiman Marcus Group skipped a debt payment due this week, the most recent signal of a money crunch pushing the U.S. luxurious division retailer chain to the brink of a doable bankruptcy after it briefly closed shops amid the coronavirus pandemic. FILE PHOTO: The Neiman...

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World Bank’s Malpass upbeat on prospects for progress on debt relief

WASHINGTON (1) – World Financial institution Group President David Malpass on Friday mentioned he was assured of progress on his joint name with the Worldwide Financial Fund for a brief standstill in official bilateral debt funds by the world’s poorest international locations. FILE PHOTO: World Financial institution President David...

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