Incoming Reserve Bank chief Philip Lowe has appealed to the Turnbull government to help him out with economic management by borrowing big for infrastructure, saying there’s only so much that further cuts in interest rates can do. In what amounted to a plea to the Prime Minister and Treasurer to take advantage of near-record low…
Firm Appointee/Solicitor Appointed of Company Published Date BRI Ferrier Giovanni Maurizio Carrello liquidator Waybeth Holdings Pty Ltd 21/09/2016 BRI Ferrier Giovanni Maurizio Carrello liquidator Tribute Supermarkets Pty Ltd 21/09/2016 BRI Ferrier Giovanni Maurizio Carrello liquidator Tribute Labour Hire Pty. Ltd. 21/09/2016 BRI Ferrier Giovanni Maurizio Carrello liquidator Tribute Electrical Pty Ltd 21/09/2016 Business & Insolvency…
Chairman of stockbroking firm BBY Glenn Rosewall wrote to his psychic advisor in 2011 saying he was concerned the company faced insolvency, shortly before $12 million was stripped from clients’ trust accounts. The NSW Supreme Court has been presented emails and text messages between Mr Rosewall and Nevine Rottinger, where Mr Rosewall appeared to…
BlackBerry’s restructuring efforts save the company $156 million in interest payments that would have been due over the next 3 years. Move improves BlackBerry’s balance sheet. It’s primary creditor lending at a lower interest rate, goes to show that the company offers a reduced amount of risk, now. BlackBerry (NSDQ:BBRY) completed its debt restructuring earlier this month,…
Brickworks managing director Lindsay Partridge says Western Australia remains an attractive market despite setbacks during the year, when it undertook a major restructure of its Austral Bricks WA and Auswest Timbers businesses. The building materials supplier’s net profit was flat at $78.2 million on the back of a decline in building activity in WA. Brickworks…
Fears that Britain will slide into a post-referendum recession have been allayed after a Guardian newspaper analysis showed the latest news on the economy has confounded analysts gloomy expectations, with consumer spending strong, unemployment low and the housing market holding steady. The finding comes as a leading think tank toned down its earlier dire warnings of economic…
New Delhi: Moving to put in place a bankruptcy framework in India, the government on Thursday appointed M.S. Sahoo as the chairperson of the Insolvency and Bankruptcy Board of India. Sahoo is currently a member at anti-trust regulator Competition Commission of India and was earlier a member at capital markets regulator Securities and Exchange Board…
By Joseph Campbell | BEIJING BEIJING A Chinese court on Thursday jailed a prominent civil rights lawyer for 12 years on fraud charges, his lawyer said, a punishment rights advocates called retaliation for his defence of high-profile clients who had challenged the government. Xia Lin, detained by Beijing police in November 2014, is the latest…
Bucharests thermal energy distributor RADET filed for insolvency after a decision made by the Bucharest General Council on Wednesday, September 22. RADETs main supplier Electrocentrale Bucuresti (ELCEN) may also file for insolvency on Thursday, September 23. The two state-owned companies have been quarreling over overdue payments in recent years, threatening to stop providing heat to Bucharests…
ERIE COUNTY, N.Y. — The clients who sit across from Noelle Carter are looking for help. Sometimes it’s help dealing with student loan debt close to the state average, more than $32,000 according to a report from the state comptroller’s officer. Other times, that sum can reach north of $100,000. “They can’t afford to move out…