Chinas national team is getting bigger. After stepping into the currency and equity markets repeatedly over the past year to stem declines, government-linked entities are now spurring capital inflows by raising money offshore and bringing it home. Sales of dollar bonds by some of Chinas biggest state-run firms rose to a record $18.7 billion in…
Woolworths is cutting 500 jobs, closing 30 stores and looking to sell EziBuy as the struggling supermarket chain pushes ahead with a major restructure. The moves to make to supermarket chain more efficient will mean restructuring costs of $959 million to be recognised in the 2016 financial year results. CEO Brad Banducci says the turnaround…
GRACE Mugabe turned 51 Saturday to gushing praises from officials and insolvent government owned companies while the State media published a 12-page supplement in her honour. The Herald supplement carried adverts from struggling parastatals, which had been asked to pay for advertising despite the country’s crippling economic crisis. For the second year…
Como have been declared bankrupt due to debt payments but are hoping to appeal the decision. After putting an end to a 12 year-wait for a return to Serie B, Como were unable to sustain their position in the 2nd tier of Italian Football and are now struggling with an even bigger issue than trying…
If you want to understand how China is changing the world economy with international acquisitions mushrooming wherever you look, you might choose to look at chemicals, or engineering, or smart phones and e-commerce, or wind and solar power, but to be different, lets look at football. After all, in the lull between Portugal spluttering to…
ROCKFORD The owner of a Rockford amusement gaming company is suing a firm he did business with and the Illinois Gaming Board following his arrest on felony charges of possessing illegal gambling machines. Richard E. Grap was charged in May after gaming agents discovered as many as 40 gambling machines in a…