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UK energy regulator to unveil more supplier collapses - Sky News

British energy regulator Ofgem is expected to announce fresh supplier collapses as early as Wednesday, Sky News reported, after the watchdog warned last week that more companies could go bust with wholesale energy prices continuing to skyrocket.

German energy retailer Otima declares itself insolvent as energy crisis bites

Otima Energie, a small German power and gas retail company, on Wednesday declared itself insolvent, the latest victim of soaring energy prices, while E.ON, Entega and EnBW temporarily withdrew their gas deals from price comparison portal Verivox.

Sanjeev Gupta s GFG Alliance strikes debt deal with Credit Suisse

The GFG Alliance said on Sunday it had agreed a debt restructuring deal with Credit Suisse for its Australian steel and coal mining assets, and announced plans to inject 50 million pounds ($68 million) into the restart of its Rotherham electric furnace in the United Kingdom.

China Evergrande s offshore bond default imminent; bondholders advisor says

China Evergrande Group is expected to default on its offshore bond payment obligations imminently, investment bank Moelis & Co, which has been selected as an advisor by a group of the cash-strapped developer's bondholders said on Friday.

Hong Kong property agencies suing Evergrande to recover commissions

Two Hong Kong property agencies are suing heavily indebted China Evergrande Group over unpaid commissions, according to a court filing and media reports, piling pressure on the developer as it scrambles to raise funds and avert a collapse.

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