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ICRA reaffirms issuer rating of Union Bank at [SL] BBB with stable outlook – Lanka Business Online

Rating action

ICRA Lanka Limited has reaffirmed the Issuer Rating of Union Bank of Colombo PLC (“UBC”/ “the Bank”) at [SL]BBB (pronounced as S L Triple B) with Stable outlook.

Rationale

The rating reaffirmation takes into account the strategic and financial support received from Texas Pacif ....

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Exposing the Red Elites Behind 'Chinese Uber' Didi (Part 3)

Exposing the Red Elites Behind ‘Chinese Uber’ Didi (Part 3)
Didi s ties with Boyu Capital and Jiang Zemin s family
Editor’s note: This article is part three of a three-part series. Part 1 looks at Beijing’s crackdown on Didi and introduces the company’s ties to the Chinese military and state-owned businesses. Part 2 looks further into Didi’s ties with China’s business elites, the Chinese military, and Lenovo Group.
Chinese investment firm Boyu Capital and its late co-founder Ma Xuezheng have contributed to Didi’s success. Under Ma’s direction, Boyu Capital which has ties to Lenovo Group and the family of former Chinese leader Jiang Zemin became one of Didi’s major investors. ....

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Debenhams pension scandal: MPs demand answers as retirees face 10% cut

The chairmen of two parliamentary committees say private equity firms accused of asset-stripping Debenhams should be quizzed about the fate of the department store s pensioners – who face a 10 per cent cut to their retirement payments.
Darren Jones, who chairs the business, energy and industrial strategy committee, and Stephen Timms, chairman of the work and pensions committee, spoke out in the wake of the business s collapse.
The final stores closed their doors in May, bringing an end to 243 years trading – although the website was bought by online fashion retailer Boohoo. Closure of the chain cost 18,500 people their jobs over the last 12 months. ....

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Debenhams pension scandal: MPs demand answers as retirees face 10% cut

Debenhams pension scandal: MPs demand answers as retirees face 10% cut
thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.

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The education of Jim Coulter, or: How private equity learned to stop worrying and love ESG

The education of Jim Coulter, or: How private equity learned to stop worrying and love ESG
impactalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from impactalpha.com Daily Mail and Mail on Sunday newspapers.

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