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Zoran Milosevic, CEO of Meridianbet, commented on the deal: “This recent debt-to-equity conversion demonstrates our clear commitment to the strategic objectives
For the first time in nine months, the Federal Reserve cut interest rates. It might not be the cure to painfully high borrowing costs that many Americans have been waiting for.
Policymakers voted at their September meeting to lower their key benchmark borrowing rate by a quarter of a percentage point. The move takes their key federal funds rate to a new target range of 4 to 4.25 percent.
Interest rate cuts like these usually ripple through nearly every corner of the economy, giving households more breathing room in their budgets by lowering borrowing costs.
This month’s move, however, will probably not be big enough to get noticed by most Americans. It only takes borrowing costs back to levels last…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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While the Fed doesn’t directly control interest rates, it does determine what banks can charge each other when borrowing or lending excess reserves overnight. That, in turn, influences interest rates on everything from car loans to credit cards.
The committee will meet again in October and December, and a majority of economists anticipate at least one more cut…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
PayU Kenya Ltd., the local subsidiary of the Dutch-owned global payments company PayU, has entered liquidation just six years after its high-profile launch in East Africa. The company has appointed Sonal Tejpal as the liquidator to formally initiate the wind-up of its operations, as per Kenya’s Insolvency Act.
PayU debuted in Nairobi in February 2019, having received approval from the Central Bank of Kenya, with plans to use the hub as a gateway into neighboring Tanzania, Uganda, and Rwanda. The company aimed to leverage the region’s mobile money dominance by partnering with pan-African payments processor Cellulant, integrating PayU into M-PESA and other local wallet systems.
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The Centre has flagged multiple concerns over Vedanta’s proposed demerger at the National Company Law Tribunal (NCLT), CNBC-TV18 reported on Wednesday. During the hearing, objections were reportedly raised over financial risk, alleged misrepresentation of assets, insufficient disclosure of liabilities and violations of SEBI’s disclosure norms.
Vedanta is seeking regulatory approval to split into four listed companies – Vedanta Aluminium Metal Ltd. for aluminium, Talwandi Sabo Power for power, Malco Energy Ltd. for oil and gas, and Vedanta Iron and Steel Ltd. for base metals. The demerger plan was first unveiled in September 2023.
The government told the tribunal that the demerged entity of Malco Energy is likely to go into…
Police detained five suspects in connection with the illegal detention of two Chinese nationals. Photo: N.X
On September 17, Da Nang police reported the successful rescue of two Chinese citizens who had been unlawfully held and beaten after losing large sums of money gambling at a casino in the area.
Earlier, the city’s Criminal Investigation Department received a report from Wang Daodong, a Chinese national, stating that his friend, W.X. (born 1989, also a Chinese national), had been abducted from H.A. Casino in Duy Nghia commune, Da Nang, by a group of unknown individuals.
Believing it to be an unlawful detention case, the police initiated an investigation and tracked W.X. to an apartment in Hoi An ward.
Ron Graham, 68, said spiralling debt had a devastating effect on his mental health.
He revealed: “Living in debt was unbearable and I felt so down and isolated.
“Fortunately, a close friend found out that I planned to take my own life and encouraged me to seek help.
“I received support from the community link worker at my local doctors’ surgery and was told that all I had to do was call Christians Against Poverty’s free helpline and I’d be allocated a local debt coach to help me.
“That was the hardest phone call I ever had to make, but it saved my life, and turned out to be the best thing I could ever have done.
“My debt coach gave me hope that there really could be a future for me after all.”
Zoran Milosevic, CEO of Meridianbet, commented on the deal: “This recent debt-to-equity conversion demonstrates our clear commitment to the strategic objectives of our corporation and to the long-term growth of Golden Matrix Group. The transaction also resolves pending obligations, improves cash flexibility, and ensures alignment with our stakeholders.”
Deal details
Announced on August 20, the new decision by Meridianbet, in agreement with its parent company, strengthens the group’s capital structure and demonstrates the leadership’s ongoing alignment with the interests of its main shareholders.
In total, the transaction is valued at approximately US$ 284,000, and was approved directly by CEO Zoran Milosevic, along with Snezana…
