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A judge granted the request of the Mexican consortium Vitro, the largest glass producer in the country to start a bankruptcy process to negotiate debt restructuring with foreign creditors for a thousand 500 million dollars, the company reported today .

“The Fourth District Court in civil matters and work in Monterrey, Nuevo Leon, consented to the application of insolvency prior to the restructuring plan submitted by Vitro,” the company said in a statement sent to the Mexican Stock Exchange.  At the end of the third quarter of this year, Vitro had gross borrowings per thousand 706 million dollars, of which 90% is denominated in dollars, yet 86% are contracted at fixed rates.  According to various media, now seeks to restructure debt Vitro by a thousand $ 515 million to foreign creditors and a thousand other $ 900 million and its subsidiaries.

He added that this measure can go directly to the conciliation stage and that soon be given the stage of having credit and then vote on the agreement” proposed.  Sanchez said the restructuring plan submitted by Vitro debt helps the company move ahead as soon as possible and opens a more expeditious than some funds intended for minority whose interests differ from the majority. He indicated that the process will help the company to raise the value of the investment of greater value to the new debt and give the company more viable. The company, founded in 1909, is the leading manufacturer of glass products for industrial, domestic construction and Mexico and has facilities and distribution centers in 10 countries in America and Europe, and exports to 50 nations.

Social networking has become part of everyday life most of World’s population. Site Facebook, Twitter, Foursquare and the others are already so familiar in the ears of active Internet. Social networking was not only a means of socializing in virtual but extended to other aspects, such as business, society, environment and so forth. The focus of each social networking service providers also varies. Among the wilderness of the social networking site, comes Planely. This site is based in Denmark. What is different from Planely when compared with sites of other social networking? Planely give air travelers who use the path an alternative way to travel.

Planely service users will be offered in order to become acquainted with each other during the trip, especially with visitors who have traveled the exact same route. Users only have to enter for free, or simply by connecting the site with the account up it has.

To use this free service, users must enter details of flight schedule. Planely will then process the data and provide information about anyone other Planely users who boarded the same flight with your airline, or other Planely users who come or go in the same time at the airport the same (although different plane). From there, users can choose someone they find attractive to be a friend during the trip. After that, they can contact each other to meet and get acquainted. Planely are developing a new feature that allows users to find out whether they will travel together with people who know or not that user.

Malaysia has a rich man by Forbes Magazine Malaysia 2010, Robert Kuok. The magazine noted, Robert wealth reached U.S. $ 14.5 billion this year. Malaysian tycoon was a business in various fields, ranging from enterprise rice, sugar, shipping services, real estate and media. In 2007, he also went into palm oil companies resulting from the merger of Indonesia and Singapore, Wilmar International which carried his nephew.

Robert who is now aged 86 has a fascinating story how he pioneered the business from the bottom. Robert Kuok began life by working at Mitsubishi for 3 years in the shipping division of rice. After his father died in 1948, three brothers founded the company with the name of the Kuok Bros Sdn Bhd. The company specialized in selling agricultural products, and success in 1961 when he bought a cheap sugar from India, where the price is then inflated.

He then founded the Malaysia Sugar Manufacturing, the company’s first sugar refinery in Malaysia. It made Robert has many relationships with big players and refined sugar. In the same year, he built the first hotel in Singapore, Shangri-La Hotel, and after that he built Shanri-La Kowloon in Hong Kong. Not stopping there, Robert also acquired 30 percent stake Sucden Kerry International, a French company that controls much of the world sugar trade.

Then get into the business of oil trading, by buying 67 percent shares of oil trading company of Hamburg. Not only that money was also invested into the media business, by buying 18 percent shares of TVB, which publishes the South China Morning Star.

Greek Parliament approved the simplification of its budget. This is a step to be taken in order to repair the country’s economy because the economy crashing before.  Approximately 3000 members of trade unions and communists held a separate demonstration to reject actions that loan rejection of more than 14 billion euros for next year. it was done to restore financial equilibrium Greece. 2011 Budget finally trimmed. Some of the sectors affected by pruning, among others, is bad health sector mismanagement Greece and budget for SOEs.

“I am determined to make all the changes needed in the exciting state of crisis, although it’s hard, I’m sure Greece will not be bankrupt. In addition, without assistance from Europe, this country will collapse,” said Greek Prime Minister George Papandreou was quoted as saying by AFP, Thursday (12/23/2010). In addition, Papandreou appealed to all parties to take responsibility for their own and contribute to efforts to save the economy.

Some demonstrators marched on Wednesday local time and filled the streets in the capital city, causing traffic to be solid. This is done to fight wage cuts. In addition, the mandate of the European Union that Greece continued to receive increased loans from Greece increased from 110 billion euros to 145 billion euros. And Greece agreed that the public deficit will be reduced to 7.6 percent of gross product in 2011.