Shutterstock photo By Guillermo Parra-BernalSAO PAULO, Feb 13 (Reuters) – A Brazilian land developer controlled by Carlyle Group LP <CG.O> investment vehicles is buckling under mounting client and creditor lawsuits and an unsustainable debt load, highlighting legal risks facing global buyout giants in Latin America’s No. 1 economy. The survival of Urbplan Desenvolvimento…
After years of budget failure, the IMF wants Canberra to adopt a “debt anchor” that would increase its ability to stimulate the economy with spending. Vladimir Blinov The government and budget experts have dismissed as needless a radical proposal by the International Monetary Fund to impose a “debt anchor” on Australian politicians that would potentially…
A grieving student nurse is in thousands of pounds worth of debt after being refused Government help for her dads funeral. Beccy Oxley was forced to pay out over £3,000 for funeral arrangements after her beloved dad died suddenly in November 2016. The 24-year-old, who was his next of kin and one of his only…
The corporate insolvency and bankruptcy system would be fully functional by 31 March 2017, says MS Sahoo, chairman of the bankruptcy regulator, Insolvency and Bankruptcy Board of India. Though the system has started working from 1 December 2016, there are still some parts — finalising regulations of information utilities and voluntary liquidations — which are…
SYDNEY–Packaging company Amcor Ltd. (AMC.AU) said its first-half profit fell by 6.2% because of unfavorable currency swings. The Melbourne-based company reported a net profit of US$286.6 million for the six months through December, compared to US$305.5 million a year earlier. Amcor has been restructuring its flexibles business, which provides packaging for the food and beverage,…
Some encouraging company earnings reports, a positive lead from US markets and higher commodity prices have helped lift the Australian share market by about 0.7 per cent to its best close in a month. On Monday, the benchmark S&P/ASX200 was up 40.1 points, or 0. 7per cent, at 5,760.7 points. The broader All Ordinaries index…