Word: repay
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...blithely announcing that his government planned to take over all mining, forestry and transportation concessions in the Congo. The stunned Belgians realized that at last they were going to have to reach a settlement. Last week, as Tshombe backed away from the takeover bluff and committed his government to repay a major part of its debts to Belgium, the Belgian negotiators signed over control of the stock-worth $300 million or more...
...enabling ICOMI to cash in on the unusually high manganese prices caused by the Suez crisis. Since then, ICOMI has shipped 5,900,000 tons, grossed $224 million in all and netted between $12 million and $15 million each year. Moreover, it was able to repay its Export-Import Bank loan three years ahead of schedule...
...idea of the ratings is to provide investors with a handy, trusted guide to the borrower's ability to repay. Below the top four grades, down through the Bs and Cs, come the outright speculative bonds. A Standard & Poor's C means that the borrower is not paying interest; D is the lowest, warning investors of a default. For the borrower, the difference of one grade can mean a difference of as much as .5% in the interest rate...
...initial investors to cash in their capital gams as soon as they crossed the six-month tax divide, thus causing a big sell-off and falling prices. Professionals thus sold an estimated 100,000 shares short, borrowing the stock to sell at a high price and figuring to repay it at a lower price. But after Dec. 3, the first date on which investors could take capital gains, the price went higher in stead of lower, forcing short sellers to scramble to cover their losses and sending the stock even higher. Many bro kers, fearing that Comsat could be riding...
Mohamed's Mosque. "I suppose I am a millionaire," says Adamjee, "a poor Pakistani millionaire." He has attempted to repay Pakistan's hospitality by establishing a $420,000 science college and contributing $100,000 a year to charity. As for his workers, whom he expects to see back on the job soon, Adamjee pays them double time for overtime, also provides a pension plan, free medical care and schooling. On the company grounds at the Dacca complex, the benevolent boss has built a house of worship that his workers have respectfully nicknamed the "Adamjee Mosque...