Alibaba Stock at a Glance Current Morningstar Fair Value Estimate: $177 Alibaba Stock Star Rating: 5 Stars Economic Moat Rating: Wide Moat Trend Rating: Negative Alibaba Stock Update Wide-moat Alibaba Groups BABA plan to split itself into six main companies is a continuation of the policy of empowering business units, which began in 2020. Alibabas…
On March 31, two large Australian building companies collapsed, joining a long line of business failures in the construction industry. Porter Davis Homes had 1,500 partially built houses in Victoria and 200 in Queensland, as well as almost 800 signed house-building contracts ready to start. The Lloyd Group had 59 projects underway, mostly for state…
(The Center Square) As Illinois gaming revenues soar to record highs in 2022, so has gambling debt. Calvin Miller, associate director of the Illinois Council on Problem Gambling, has heard some heartbreaking stories in his work on the council. People can lose their life savings in a weekend, Miller told The Center Square. But there…
People often tend to go overboard spending beyond their means during Eid Al Fitr celebrations and later struggle with buyers remorse. This could spell trouble for many households who are struggling amid the global cost-of-living crisis. It is important to avoid racking up holiday debt, particularly when interest rates are rising, financial experts warn. It…
Dharampal Satyapal Group, owner of brands such as Rajnigandha, Pulse and Catch, that also operates in the hospitality sector with hotels in Jaipur, Guwahati, Nainital and Jim Corbett; and Kolkata based real estate player Salarpuria Group have submitted resolution plans for Viceroy Bangalore Hotels Private Limited that owns Marriotts five-star Renaissance Bengaluru Race Course hotel.…
(MENAFN– Colombo Gazette) International Monetary Fund chief Kristalina Georgieva says China had been helpful in reaching a debt relief deal for Sri Lanka. Georgieva also said she told China’s new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia. Georgieva, who…
Thursday, April 6, 2023 INTRODUCTION In Part I of the Year End Wrap (available here), we analysed some of the empirical data on recoveries and investments under the Code as well as impact of legislative/regulatory amendments on investments and acquisitions under the Code. In Part II, we have analysed some of the significant judicial pronouncements…
Lightyear, the Dutch solar EV maker that was declared insolvent at the beginning of the year, is getting back to work developing the mass-market Lightyear 2 model after successfully going through a restructuring process. The Netherlands-based company is better known for the radical, $250,000 Lightyear 0 solar car that briefly made it into production for…
The figures come as Citizens Advice warns people are at risk of “spiralling into debt” amid the cost-of-living crisis. A person becomes insolvent when they are unable to pay their debts and are left with a choice of declaring bankruptcy or taking on measures to pay them back. New figures from the Insolvency Service show…
International Monetary Fund chief Kristalina Georgieva says China had been helpful in reaching a debt relief deal for Sri Lanka. Georgieva also said she told Chinas new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia. Georgieva, who met with Li…