CRRC Corp., Chinas top state-owned rail equipment maker, plans to reshuffle its struggling freight-car production businesses in a bid to eliminate excess capacity as part of a corporate restructuring. Sources close to the company told Caixin that CRRC has worked out a plan to consolidate its 10 freight-car manufacturing subsidiaries, reducing overcapacity and optimizing resource…
OCT 13 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – More high street banks and building societies intend to curb their supply of credit to consumers over the next three months than…
OCT 13 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – More high street banks and building societies intend to curb their supply of credit to consumers over the next three months than…
OCT 13 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – More high street banks and building societies intend to curb their supply of credit to consumers over the next three months than…
Chinas leading train maker, CRRC Corp., will shutter half of its freight-car manufacturing capacity in a business restructuring to deal with excess capacity. CRRC has told several rail vehicle-making subsidiaries to cut freight-car production, involving about 50% of its total freight-car manufacturing capacity. Three subsidiary companies will fully withdraw from freight-car production, according to a…
Marka shareholders back restructuring efforts at retailer – The National x Abu Dhabi, UAEThursday 12 October 2017 Read the full article at: https://www.thenational.ae/business/marka-shareholders-back-restructuring-efforts-at-retailer-1.666746
KUALA LUMPUR: The Federal Land Development Authoritys (Felda) is putting the Grand Plaza Serviced Apartments in London for sale as part of its initiatives to reorganise and restructure its assets in order to strengthen its financial position. Its chairman, Tan Sri Shahrir Abdul Samad, said the decision was made following Feldas decision to dispose off…
FREMONT, Calif., Oct. 11, 2017 (GLOBE NEWSWIRE) — Sigma Designs, Inc.® (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Connected Smart TV Platforms and Internet of Things (IoT) Devices, today announced restructuring activities intended to refocus its operating expenses and accelerate the return to profitability. These actions, which will focus on streamlining the…
Andrew Kuzma, Legally Speaking Published Oct 12, 2017 at 8:00 am (Updated Oct 11, 2017 at 8:09 pm) Andrew Kuzma
by Katie Walsh The Big Four accounting firms are approaching a combined tally of 9000 lawyers worldwide as a US-based survey reveals most law firms feel threatened and expect regulation in the world’s biggest legal services market may loosen. PwC has opened a law firm in Washington to liaise and advise on non-US laws and cross-border matters, promoting…