MUMBAI — Reliance Communications, which late last year exited the consumer telecom business as part of a group restructure, is investing $600 million to lay a 68,000km undersea cable spreading up to Italy and Hong Kong, with its partner China’s Alibaba Group Holding and five others funding half of the project. The company was rescued from the…
Gill Plimmer, Miles Johnston and Jim Pickard January 16, 2018 Carillion was left with just £29m in cash when it collapsed, according to a document that reveals the extent of the construction companys financial black hole. Papers seen by the Financial Times show the insolvent construction company owed £1.29bn to its banks, including a £790m…
(Adds details, background) KIEV, Jan 16 (Reuters) – Ukraines central bank said on Tuesday an investigation into PrivatBank, the countrys largest lender which was taken into state control in 2016, showed it had been used for money-laundering and shady deals over at least a decade. Representatives of PrivatBanks former main shareholders did not immediately provide…
(Adds details, background) KIEV, Jan 16 (Reuters) – Ukraine’s central bank said on Tuesday an investigation into PrivatBank, the country’s largest lender which was taken into state control in 2016, showed it had been used for money-laundering and shady deals over at least a decade. Representatives of PrivatBank’s former main shareholders did not immediately provide…
Image copyright Getty Images Image caption David Allen Turpin, 57, and Louise Anna Turpin, 49, have been held on charges of torture and child endangerment Outwardly, the California couple accused of torturing and endangering their 13 children seemed to preside over a happy American family. If the photographs the couple posted on Facebook are anything…
THE Turpins of Perris, California were on the surface a large and devoutly Christian family who may have looked eerily similar, but seemed otherwise normal. Their resemblance to one another might have appeared creepy, but their lives in a nondescript Californian suburb south of San Bernardino did not attract much attention. That is, until they…
THE Turpins of Perris, California were on the surface a large and devoutly Christian family who may have looked eerily similar, but seemed otherwise normal. Their resemblance to one another might have appeared creepy, but their lives in a nondescript Californian suburb south of San Bernardino did not attract much attention. That is, until they…
ZURICH (Reuters) – Swiss airline Belair, formerly part of collapsed low-cost carrier Air Berlin (AB1.DE), has been taken over by German investment company SBC. SBC, based in Duesseldorf, said on Monday it wanted flights to resume as soon as possible and former Belair staff would be offered their jobs back after it made a deal…
Recent interest hikes have Albertans increasingly worried they won’t be able to cover their monthly expenses, according to a survey by the national personal insolvency firm MNP Ltd. The consumer debt index conducted by Ipsos for MNP found that 31 per cent of Albertans are unable to afford their monthly bills and debt obligations an…
None 17:26 15.01.2018 The forensic audit of Bank Khreschatyk, which was declared insolvent in April 2016, testifies to the complicity of the bank managers and owners to losses amounting to more than UAH 2.5 billion, according to the Individuals’ Deposit Guarantee Fund’s website. According to the report, the forensic audit of the bank was conducted…