Load remaining images Load remaining images Last night, Electron and Tom Hamilton’s American Babies took to New York City, where they played the Highline Ballroom. The show, originally scheduled for the B.B. King Blues Club took over the new venue, with the American Babies putting on a stellar set to get the crowd primed and ready for Electron’s headlining the performance. The supergroup, composed of the Disco Biscuits’ Marc Brownstein and Aron Magner, Lotus’ Mike Greenfield, and Tom Hamilton of the American Babies and Joe Russo’s Almost Dead and branded as “The best band that doesn’t exist,” lived up to the hype they’ve steadily built despite the scarcity of times the group has been able to come together to perform. You can check out photos from last night show below, courtesy of Stephen Olker and Andrew Blackstein.
State-owned companies have come to the rescue against the backdrop of a crashing domestic stock market and cash-strapped state budget by promising share buybacks and disbursing higher dividends earlier to cushion the economic impacts of COVID-19.All four state-owned banks have allocated larger dividends earlier than last year as the government struggles with low tax collection and the need to disburse more money to stimulate a cooling economy.The country’s largest bank by assets, publicly listed Bank Rakyat Indonesia (BRI), announced in February its plan to distribute Rp 20.6 trillion (US$1.5 billion) in dividends to its shareholders this year. The dividends are equal to 60 percent of the bank’s profits in 2019, higher than its previous payout ratio of 50 percent.Bank Mandiri also decided to give out bigger dividends this year, with plans to distribute Rp 16.49 tr… Linkedin LOG INDon’t have an account? Register here Topics : Log in with your social account Google Facebook Forgot Password ? state-owned-enterprises bank-mandiri Bank-Rakyat-Indonesia Bank-Negara-Indonesia bank-tabungan-negara dividend profit Sri-Mulyani-Indrawati tax-collection state-budget deficit
Canada: CN is to invest C$64m on its lines in British Columbia this year, including C$36·4m on track renewal, C$2m on signalling and C$2m on links to Vancouver’s Deltaport intermodal terminal. A six-year C$11m programme to upgrade the Terrace – Kitimat branch will finish this year.Ethiopia: The government has negotiated a loan of FFr56m from the French government to fund railway restructuring, rehabilitation and the supply of new diesel locos and spare parts.Philippines: President Ramos approved the release of 200m pesos on August 26, to complete rehabilitation of PNR infrastructure between Naga and Legaspi.Romania: Transport Minister Traian Basescu has announced that ABN Amro Bank is to grant loans worth US$450m to fund extensions to the Bucuresti metro, including Drumul Taberii – Piate Universitati and Drumul Taberii – Pantelimon.USA: CSX and Norfolk Southern have funded the acquisition of Delaware Otsego Corp at US$22 per share by a new company formed by its President & CEO Walter G Rich. Delaware Otsego owns the 835 km New York, Susquehanna & Western Railway, providing independent access to the port of New York.Shares in MotivePower Industries began trading on the New York Stock Exchange on August 18, having moved from the Nasdaq National Market System.