GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016 after the company…
ZURICH (Reuters) – ABB (ABBN.S) is reorganizing part of its global power grids operations as the Swiss engineering group responds to the divisions sluggish profitability and falling orders. ABB electrical transformer plant in St. Louis, Missouri, U.S. on July 6, 2017. REUTERS/David Lawder The move comes as ABB seeks to justify its decision last year…
November 07, 2017 TECHNOLOGY Apple sells $7 billion in bonds Apple Inc., looking to fund stock buybacks and dividends, sold $7 billion of bonds even as proposed new tax laws may leave it awash in cash it previously couldnt use. The iPhone maker on Monday sold notes in six parts. Apple has…
I understand if Weatherford International (NYSE: WFT) investors said to themselves “this is the quarter where things turn around.” After all, both Schlumberger (NYSE: SLB) and Halliburton (NYSE: HAL) both posted better-than-expected results thanks to the strength of their North American operations. Weatherford has a sizable presence in North America and the spring break-up period…
Kangaroo Island Council has secured full and final payment of outstanding debts, totalling $39,000, to the three island-based businesses which provided materials and services to the airport upgrade project material crushing contractor, NBS (Excavations) Pty Ltd. The company placed themselves into voluntary liquidation on February 13, and the monies had been outstanding since that time. The three…
Ramit Chitkara Its been more than a year since the all-new corporate insolvency framework of the country (hereinafter referred to as the IBC) got notified followed by regulations over tranches. IBC is one of the biggest reforms by the government just after the GST, wherein it offers early identification of corporate distress with time-bound resolution…
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member Rohit Kumar Singh, State Bank of India CFO Anshula Kant, Bank of India MD Dinabandhu Mohapatra, Punjab National Bank MD…
Boris Becker has denied that he is broke despite being declared bankrupt by a court in London and having claims against him for more than £50 million. The tennis champion, who won six grand-slam tournaments, told a Swiss newspaper that he had sufficient funds and sponsorship deals to pay his way. Becker, 49, once one…
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member Rohit Kumar Singh, State Bank of India CFO Anshula Kant, Bank of India MD Dinabandhu Mohapatra, Punjab National Bank MD…