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Liquidation of Evergrande by a Hong Kong court this week piles on the pressure for China to prop up its collapsing property market. Beijing will have to take a call on protecting foreign creditors when homebuyers have stopped purchases. Since real estate is key to the Chinese economy - where households park around three-fourths of their savings and foreign bond holders have pushed enormous credit to developers - some form of taxpayer-led rescue is inevitable. ....
Foreigners will be able to withdraw dividends from investments in production and technology development in Russia made after April 1, 2023, the Russian Finance Ministry said on Wednesday. ....
Apr 16, 2021 A well-known Chemical Company requires the above to take ownership of all Creditor’s aspects within the Accounting Department to effect payment on time and accurately to Local and Foreign Creditors, including Sundries. Minimum requirements for the role: Diploma or BComm Finance Degree or related qualification is preferred but not essential. Knowledge of accounting principles and practices and reporting of financial data is preferred. Previous experience working with Local and Foreign Creditors is preferred. Previous experience having worked in a Creditors Clerk or Controller or related accounting role is preferred. Previous experience having worked on an ERP system such as SAP or a related system is preferred. ....