November 18, 20240 Comments

Exclusive-Country Garden submits offshore debt restructuring plan to creditors, sources say By Reuters

By Xie Yu and Clare Jim HONG KONG (Reuters) – Country Garden (HK:) submitted the preliminary terms of its offshore debt restructuring proposal to some creditors late last month, said five sources familiar with the matter, as the indebted Chinese property developer tries to avoid liquidation. The restructuring proposal includes a revised cash flow projection, said two of the sources who have direct knowledge and another person familiar with the

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November 16, 20240 Comments

What is Rachel Reeves’ plan for pension funds?

Reuters Chancellor Rachel Reeves says she wants pension schemes to “fire up the economy” Plans for a major shake-up of pension funds have been announced by the chancellor, Rachel Reeves. She wants to create pension “megafunds” by merging the UK’s 86 council schemes, using the set-up in Canada and Australia as a model. Other proposals suggest pension schemes need to reach a certain size or pool together. Larger funds could

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November 9, 20240 Comments

Bentley further delays all-EV plan as it embraces plug-in hybrids

A staff member checks a Bentayga SUV on the Bentley production line at its factory in Crewe, England, on Dec. 7, 2022. Phil Noble | Reuters Bentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue leaning into plug-in hybrid electric vehicles until at least 2035. The British maker of ultra-luxury performance cars on Thursday said it continues to have “an ambition

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November 9, 20240 Comments

Booking.com parent to cut jobs as part of reorganization plan By Reuters

(Reuters) – Online travel giant Booking Holdings (NASDAQ:) said on Friday it expected to cut jobs as part of broader changes to its businesses, which also aim to drive real estate savings. Booking Holdings, which owns brands like Booking.com and Kayak, did not disclose how many jobs would be affected but said it expected to provide more details on timing, likely impact on employees and financials “in due course”. As

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November 9, 20240 Comments

MLB, Braves object to Diamond Sports reorganization plan

A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country’s largest owner of regional sports networks, according to a Friday bankruptcy court filing. The Braves and MLB said in the objection that they have “grave concerns” with the

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November 8, 20240 Comments

Is taking CPP a good option if I plan to keep working after 65?

Breadcrumb Trail Links FP Answers Personal Finance Retirement Adding up the benefits makes arguing for early CPP tough unless you aren’t healthy or really need the money Published Oct 25, 2024  •  Last updated 4 days ago  •  4 minute read You can save this article by registering for free here. Or sign-in if you have an account. The two variables to consider when deciding when to start your CPP are

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November 8, 20240 Comments

Here’s what you need to know about the Canada Pension Plan

Breadcrumb Trail Links Personal Finance Retirement John Graham: Younger Canadians will live longer, making pension savings even more important Published Nov 07, 2024  •  4 minute read You can save this article by registering for free here. Or sign-in if you have an account. John Graham, president and CEO of CPP Investments, takes part a Q and A session during a Calgary Chamber of Commerce luncheon at the Westin Hotel

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