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TOKYO The lineup of the most profitable Japanese companies in various industries is set to look very different in fiscal 2023 than five years earli ....

restructuring: Vedanta Resources downgraded over 'interest burden'

Ahead of its restructuring, Vedanta Resources had $3 billion due in the current financial year, and $4.6 billion in the next. Post restructuring, these liabilities have reduced to $2 billion in 2023-24 (Apr-Mar), and $2.4 billion in FY25. ....

Vedanta Resources , India Listed Vedanta , Interest Burden , Higher Interest Costs , Bond Prices , Funding Shortfall , Financial Year ,

EA lays off over 650 employees, cancels Star Wars game |

Electronic Arts (EA) announced widespread layoffs, cutting over 650 jobs, as part of a major restructuring effort. The company is cancelling a Star Wars first-person shooter game and focusing on its biggest franchises. Severance packages and job placement assistance are being offered to affected employees. The estimated cost of the restructuring is between $125-165 million. ....

Andrew Wilson , Laura Miele , Exchange Commission , Electronic Arts , Star Wars , Apex Legends , Fallen Order , Iron Man , Respawn Entertainment ,

Chinese developer Country Garden receives winding-up petition in Hong Kong

Indebted developer vows to ‘vigorously’ fight the ‘aggressive action by a sole creditor’ over a ‘low proportion’ of its offshore debts. ....

Hong Kong , Sidley Austin , Kingboard Holdings , Hang Seng Mainland Properties Index , China Evergrande Group , High Court , Country Garden , Winding Up Petition ,

COLOMBO (Reuters) Sri Lanka expects to implement a debt restructuring framework within the first six months of 2024, the country's president said o ....

United Kingdom , Sri Lanka , Ranil Wickremesinghe , Ali Sabry , World Bank , International Monetary Fund , South Asian , Foreign Minister Ali Sabry ,