On top of dwindling orders, weak cash position. Things are heading south quickly for Cosco Corp Singapore (Cosco) as analysts outlook grow more bearish over the business leveraged position, problematic cash flow, and complicated restructuring efforts. According to a report by OCBC, new orders have dwindled for the group. The past few years have seen…
By Malcom Nyathi VICTORIA FALLS The United Touring Company (UTC) a business in which Local Government Minister Saviour Kasukuwere and former labour minister Nicholas Goche are shareholders has been liquidated. Saviour Kasukuwere A leading tour operator and travel agent during its heydays, UTC went belly-up a few months ago after failing to navigate the countrys…
EXCLUSIVE Video will begin in 5 seconds. More video Recommended Replay video NSW Police looking at NRL match-fixing claims The NSW Organised Crime Squad are in the early stages of investigating two NRL matches after claims of match-fixing emerged. PT0M39S 620 349 Controversial gambler and former brothel owner Eddie Hayson is embroiled in a NSW police…
The parent company of BMO Harris Bank is trimming about 4 percent of its workforce company-wide in a restructuring prompted partly by declining branch transactions. The Bank of Montreal employs about 251 employees across 37 branches in the Indianapolis metropolitan area, according to an IBJ survey of local banks conducted in early May. If the…