If you have to travel a really long distance, will you take a flight or go on a bicycle? A recent issue of tax-free bonds offering 7.5% received a huge response from investors even though there was a 15-year lock in period. Curiously, the same investors are hesitant to commit funds to equities with a…
Its a practice thats been going on since Eve kept a few apples hidden out of Adams reach. The good old secret stash, you know, just a little bit of walking around money you keep hidden from your partner to indulge on a few harmless things. After all, wheres the harm in that? You work…
The family home of Dominic Chappell, the former owner of BHS, was on the brink of being repossessed before cash from the department store chain was used to pay off the mortgage. The Guardian has learned that financial company Amicus initiated legal proceedings against the Chappell family to repossess the property unless their debts were…
China needs to attack its corporate debt problem quickly and there are lessons to be learned from other nations. Getty Images by David Lipton The Chinese economy has slowed in recent years, but it is still a strong performer, contributing about one-third of total economic growth worldwide. It is also becoming more sustainable, in line…
When Woolworths reports its full-year results on Thursday, expect to see a loss of about $1 billion, analysts say, after restructuring costs and its exit from the disastrous Masters hardware business. Credit Suisse analysts say that with a restructuring charge of $960 million and its exit from the Masters Home Improvement business being treated as a “discontinued operation”,…