Theres a horse named inflation. This horse is flat on its stomach, with legs spreadeagle. Every three days for the past nine years, one of the worlds central bankers dresses up as a jockey. They mount the horse and flog it with the whip marked lower interest rates. On Tuesday, our resident jockey, Glenn Stevens,…
Former rugby league star and property mogul Jarrod McCracken has been referred to authorities for allegedly failing to declare his income and travelling overseas while bankrupt. No charges have been laid against Mr McCracken, but both alleged offences would carry potential jail terms. Mr McCracken was declared bankrupt in 2013 with $20 million…
August 05, 2016 8:45 a.m. Updated By Ma Jie and Masatsugu HorieBloomberg Takata Corp., the airbag maker behind the biggest automotive recall, said quarterly profit plunged by a third as the supplier drafted restructuring plans in the face of billions of dollars in potential costs related to its defective safety products. Net income fell to…
©Bloomberg Goldman Sachs has said the UKs vote to leave the EU could force it to restructure some of its UK operations, in one of the clearest signs from a major Wall Street institution that is preparing specific measures following the landmark vote. In a US regulatory filing on Thursday, Goldman which employs about 5,500…
When I started getting calls from debt collectors more than 10 years ago, I assured them repeatedly that they had the wrong guy. The Steve Rosen they were looking for, who had past-due student loans, credit card debts, and was behind on child support payments, had a different middle name and lived at various times…
UPDATE: A SOBBING woman collapsed to the floor outside Brisbane District Court after a jury convicted former Kleenmaid director Bradley Wendell Young of fraud and insolvent trading. The jury returned verdicts after almost four hours, following an 18-week trial. Young was found guilty of one offence of fraud and 17 counts of insolvent trading. He…
UPDATE: A SOBBING woman collapsed to the floor outside Brisbane District Court after a jury convicted former Kleenmaid director Bradley Wendell Young of fraud and insolvent trading. The jury returned verdicts after almost four hours, following an 18-week trial. Young was found guilty of one offence of fraud and 17 counts of insolvent trading. He…
By Promit Mukherjee MUMBAI (Reuters) – India’s Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman said on Thursday, a turnaround for a company that four years ago reeled under heavy debt after an ill-advised overseas expansion. Suzlon’s purchase of German wind energy firm RePower, now…
Poor Christine! The IMF director and Parasitocrate Haute Gamme Ms Lagarde recently learned that she must stand trial for corruption charges in France. It concerns a complicated deal that went down while she was finance minister of France. Not worth trying to understand in detail But poor Christine who did part of her schooling in…