The Zimbabwe government has ordered seven diamond companies in the Marange area of eastern Zimbabwe to immediately stop all mining activities, a month after complaining about their opaque operations. Mines and Mining Development Minister Walter Chidhakwa said the firms were operating illegally after the expiry of their joint-venture permits with the state. It has since…
Harare The Zimbabwe government has ordered seven diamond companies in the Marange area of eastern Zimbabwe to immediately stop all mining activities, a month after complaining about their opaque operations. Mines and Mining Development Minister Walter Chidhakwa said the firms were operating illegally after the expiry of their joint-venture permits with the state. It has…
IRVINE, Calif., Feb. 22, 2016 (GLOBE NEWSWIRE) — Sabra Health Care REIT, Inc. (Sabra, the Company or we) (NASDAQ:SBRA) (NASDAQ:SBRAP) today announced results of operations for the fourth quarter of 2015. RECENT HIGHLIGHTS For the fourth quarter of 2015, Normalized FFO, Normalized AFFO and net income attributable to common stockholders per diluted common share were…
(By Paul Virgo). (ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria rescue was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal…
19th February, 2016 by Rupert Millar The founder of Antique Wine Company has dismissed potentially damaging public scrutiny of his finances as exaggerated following the sudden collapse of the businesss franchising arm. The liquidation of Antique Wine Company Franchising (AWCF), which was set in motion last month, has prompted strong criticism of its director Stephen…
Local banks representatives have asked authorities to speed up the personal insolvency laws enforcement. In December 2015, the authorities have decided to postpone the laws enforcement for a year. The banks have also asked the authorities not to rush the voting and implementation of the new law on mortgage loans, which is now…
10:50 19/02/2016 MOSCOW, February 19 (RAPSI) The Commercial Court of Primorsky Krai has declared Viktor Grebnev, former chief executive of TMK (Pacific Bridge Building Company), a contractor in the Vostochny Cosmodrome project, bankrupt, RIA Novosti reported on Friday. Bankruptcy procedure was initiated by Sberbank in November 2015. Viktor Grebnev is currently placed under house arrest.…
Moodys has given troubled Spanish renewable energy group Abengoa a small but much needed vote of confidence at a crucial stage in its fight for survival, saying its underlying operating business is still viable although the ratings agency also acknowledges that the company could still end up insolvent. Abengoa spelled out earlier this week that…
PICTURE: THINKSTOCK When a court awards costs against liquidators de bonis propriis out of their own pockets you know its a judgment worth reading: what had they done to earn such a serious rebuke? Most recently, liquidators OA Noordman and SM Rampoporo were on the receiving end. They had asked that Jopie de Bruin, former…
INDIANAPOLIS–(BUSINESS WIRE)–Anthem, Inc. (NYSE: ANTM) today announced that its Board of Directors authorized an increase of 4 percent in the Companys shareholder dividend and declared a $0.65 per share dividend for the first quarter of 2016. This quarterly rate represents an annualized dividend of $2.60 per share, which equates to a yield of approximately 2.0…