Unibank’s sponsorship deal with Black Stars hangs by a thread after the indigenous bank was declared insolvent by the Bank of Ghana on Tuesday. In November 2016, Unibank renewed its partnership with the Ghana FA by signing a three-year deal worth US$ 1.2m. The Bank of Ghana has appointed an audit firm KPMG as Official…
DetailsVeteran retailer Solomon Lew says Myer’s first-half result – a record $476 million bottom line loss – provides further evidence that the board should be replaced as soon as possible. Mr Lew, who is threatening to overthrow the entire Myer board after losing about $63 million on its $101 million stake in Myer over the…
DetailsPolicymakers have been struggling to identify ways to deal with Americas staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Heres a…
DetailsJAMES PACKER’S CHALLENGING FIVE YEARS * September 2013: splits from Erica, the wife of his three young children. * May 2014: captured by paparazzi brawling with close friend and then-Nine Entertainment chief executive David Gyngell * December 2015: pays older sister Gretel a reported $1.25 billion to settle the terms of their father Kerry’s will.…
DetailsMUMBAI: In a fresh twist to the ongoing takeover battle over Binani Cement, resolution professional (RP) Vijaykumar V Iyer has moved the National Company Law Tribunal (NCLT), Kolkata, alleging fraudulent transactions of about Rs 2,400 crore involving the corporate debtor (Binani Cement) that are undervalued, extortionate, preferential. In his March 13 application, the RP asked…
DetailsPR dla Zagranicy Grzegorz Siwicki 20.03.2018 15:00 Company bankruptcies rose 8 percent in Poland in the first two months of this year compared with the same period last year, according to a report. Photo: Pixabay.com/Arcaion/CC0 Creative Commons … Read the full article at: http://thenews.pl/1/12/Artykul/354846,More-firms-folding-in-Poland-report
DetailsThe cost of Noble Group Ltd.s restructuring is likely to top $100 million, another financial burden for the cash-strapped commodities trader that has defaulted on its bonds. The estimated price tag for advisers and other expenses, based on disclosures in regulatory filings, is approaching the companys entire market value of $114 million as Noble pays…
DetailsThe Bank of Ghana (BoG) has taken over the management of uniBank Ghana Limited, an indigenous lender after it declared it insolvent Tuesday afternoon. The Bank of Ghana will now be in control of the day to day running of the local bank and has accordingly appointed KPMG as the official administrator to oversee the…
DetailsUnibank Unibank’s sponsorship deal with Black Stars hangs by a thread after the indigenous bank was declared insolvent by the Bank of Ghana on Tuesday. In November 2016, Unibank renewed its partnership with the Ghana FA by signing a three-year-deal worth US$ 1.2m. The Bank of Ghana has appointed audit firm KPMG as Official Administrator…
DetailsSPH Magazines, the magazine arm of Singapore Press Holdings (SPH), will launch a major restructuring exercise to consolidate its position as a major digital network in the magazine space. With the restructuring, SPH Magazines’ staffing will be reduced from 379 – as of August last year – to about 300, mostly through ongoing staff attrition…
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