China's Wanda to sell off $9.3 bn in assets to rein in debt

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China's Wanda to sell off $9.3 bn in assets to rein in debt

Chinese conglomerate Wanda said Monday it will sell dozens of hotels and other projects to developer Sunac China Holdings in a $9.3 billion deal to reduce debt, two weeks after acknowledging it was under government financial scrutiny following heavy
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RBI Tweaks Circular On 12 Big Stressed Accounts

The Reserve Bank of India has made changes to its circular which identified twelve large stressed accounts, and had asked the National Company
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Royal Jordanian Lifts Laptop Ban on US Flights

Amman, Jordan (AP) — Jordan's national airline has joined other Middle Eastern countries in lifting a ban on laptops in airplane cabins after complying
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Mosul Liberated as Islamic State Faces Total Defeat in Iraq

Iraqi Prime Minister Haider al-Abadi arrived in Mosul to declare it liberated from Islamic State, three years after the city's abrupt fall to the jihadists
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Wesfarmers, Woolworths liabilities to double under lease accounting change

It's because of new accounting rules. Under AASB 16 Leases, companies will be forced to bring operating leases onto their balance sheets for the first
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