Prime Minister Suga Yoshihide has stated that there are too many regional banks, which has sparked discussion of their restructuring. Restructuring, however, is a means to an end, not an objective in itself. The prime minister has yet to explain what the objective should be. Regional Companies Face a Mountain of Issues Prime Minister Suga…
Busier times. File photo of Stockmann department store in downtown Helsinki February 1, 2017. Image: Yle News / Mark B. Odom Struggling retailer Stockmann Group is to sell off its flagship department store in Helsinki as well as other properties, the firm announced on Monday as it revealed its restructuring strategy. The firm said it…
A little less than a month after Pfizer’s Upjohn unit and Mylan successfully merged to create generics business Viatris, the company is already looking at ways to slash costs. Newly mintedViatris Friday laid out detailed plans for a global manufacturinginitiative that could put thousands of jobs on the line. By 2024 at the latest, the…
Mr Pitt said the final cost of decommissioning the vessel permanently moored in Commonwealth waters in the Timor Sea – between the Laminaria and Corallina oil fields – was still to be determined. But he insisted the government was pushing ahead with the process “to remove potential risks to the environment” and announced a new…
“As long as interest rates are lower than trend growth, the cost of servicing the debt will fall as a proportion of GDP, and the debt burden will fall as growth picks up.” Bendigo and Adelaide Bank CEO Marnie Baker said the federal budget deficit and sharp rise in government debt were “both affordable and…
Many investors fret that a corporate zombiepocalypse may be one of the thorniest problems the global economy faces in the coming years. But a bombshell paper by the New York Federal Reserve argues that this fear may be overdone. Even before the eruption of coronavirus, concerns that a growing horde of walking-dead companies usually defined…