Greek central banker urges Europe to specify debt relief measures for Gree… – Reuters UK

ATHENS Greece’s European partners must urgently outline debt relief measures to help boost Greece’s economic recovery and facilitate the country’s return to financial markets in 2018, central bank governor Yannis Stournaras said on Thursday. Speaking at a conference in Athens, Stournaras added that Athens must step up the pace of reforms and privatisations as agreed…

Volkswagen Seeks to Break Impasse Over Restructuring Plans – Wall Street Journal

Updated Nov. 3, 2016 10:20 a.m. ET BERLIN Volkswagen AGs efforts to cut costs amid mounting burdens of its emissions-cheating scandal face a new roadblock, as core shareholders and labor representatives meet for an extraordinary shareholders meeting on Friday to try to break an impasse over restructuring. Chief Executive Matthias Müller, who took command a year…

‘There were unrealistic business ambitions’: Twice bankrupt Kerry Katona suffers another blow to her finances as … – Daily Mail

By Marc Jackson for MailOnline Published: 01:10 +11:00, 4 November 2016 | Updated: 01:10 +11:00, 4 November 2016 e-mail View comments Kerry Katona has been dealt another financial blow after her nutrition brand reportedly folded. The star launched her own line of shakes and snacks to aid weightloss on Boxing Day last year. However, the…

One Nation Senator Rod Culleton’s creditors have ‘no prospect’ of getting $6.1 million back, liquidator says – ABC Online

Creditors of a collapsed company of which One Nation Senator Rod Culleton is a director, have no hope of getting their money back, the liquidator says. The information is contained in a report to creditors of Elite Grains, written by PPB Advisory liquidator Jeff Herbert, and leaked to the ABC. “There will not be…

Drastic change in Rockhampton’s September quarter insolvency – Rockhampton Morning Bulletin

SMALL business traders in Rockhampton are faring well financially against their Central Queensland counterparts, while non-business related insolvency rates are on the rise. This is reflected in the Australian Financial Security Authority’s latest regional personal insolvency and business-related insolvency rates for the September quarter. Released yesterday, a snapshot of Central Queensland revealed Rockhampton experienced the…

Senator Bob Day officially resigns as ‘white knight investor falls through’ – SBS

After announcing his resignation last month, then changing his mind, Family First Senator Bob Day has handed in his notice to the President of the Senate. The now-former South Australian Senator made it official via a statement, which said the major investor that had been examining his Home Australia business over the past fortnight had decided…