PPL Electric Utilities plans a corporate restructuring, but its not what you might think, the company says. In a filing with state regulators, Allentown-based PPL Electric wants to create two new holding companies to make it easier move cash among its subsidiaries. The move, which is subject to regulatory approvals, will not affect utility operations,…
NEW DELHI: The BSE benchmark Sensex gave a 400-point salute to Indias 30-slot promotion in the World Banks ease of doing business ranking. Indias ranking improved to 100th place in this years rankings from 130th a year ago. This was Indias fastest single-year jump ever, with eight of 10 key parameters showing improvement. The sharpest…
BELGRADE (Serbia), November 1 (SeeNews) – Serbia’s agriculture minister Branislav Nedimovic said Indian companies Mahindra and Tafe are interested in manufacturing tractors in the country. The government is in talks with potential investors in state-owned insolvent tractor maker Industrija Masina i Traktora (IMT) and one of them is Tafe, Nedimovic said in a video file posted…
BUSINESSES were hardest hit by financial collapse on the Sunshine Coast over the past four months with a sharp rise in business-related bankruptcies. Forty-four businesses on the Coast went bankrupt during the September quarter, up from 32 over the previous period. The Australian Financial Security Authority’s regional personal insolvency statistics show there were 35 bankruptcies…
Chinas largest dairy farm operator Huishan Dairy said on Wednesday that a debt restructuring plan has won the support of more than half of its mainland creditors, representing more than two-thirds of the outstanding amount owed by the company. In a statement to the Hong Kong stock exchange late Wednesday, Huishan Dariy said its chairman…
A Nottingham campaigner and former gambling addict has welcomed news that the Government will be getting tougher on fixed-odds betting terminals. The high-stake, high-speed electronic games found in casinos and betting shops allow a stake of up to £100 every 20 seconds and have been called the crack cocaine of gambling. But ministers are now…
End market strength and strategic actions underpin expectations for improved financial outlookfor 2018 ST. LOUIS, Nov. 01, 2017 (GLOBE NEWSWIRE) — A PDF accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/223c4b23-eb60-41ef-97d2-c37dedb593bb Q317 loss per diluted share was $2.23 compared to income of $0.34 per diluted share in Q316. Adjusted (non-GAAP)1 Q317 earnings per diluted share were $0.32…
The Australian Securities and Investments Commission (ASIC) has lost a major case on appeal against the directors of a retirement home investment scheme, including former Howard government health minister Michael Wooldridge. The Full Federal Court overturned a lower court decision which disqualified and fined the five former directors of Australian Property Custodian Holdings (APCH)…
The ratings on Reliance Communications and its subsidiary Global Cloud Xchange will be “unaffected” by the debt restructuring plan outlined by the company, according to Fitch Ratings. Re-rating will happen after clarity on the execution of sale of its assets and the capital structure of the revamped entity, it added. Earlier this week, billionaire Anil…
The FINANCIAL — Kosovo is among the top 10 economies worldwide with the most notable improvement in doing business reforms, says the Doing Business 2018 report, released on October 31 by the World Bank Group. This year, Kosovo ranks 40th out of 190 countries in ease of doing business, compared to 60th place…