Hanjin Shipping, once the largest shipping company in South Korea and the seventh-largest in the world, has been declared bankrupt. The Seoul Central District Court declared the bankruptcy on Friday as the two-week period for appeal expired. The court will now appoint a bankruptcy administrator to lead the liquidation procedure to pay off debt. Creditors have until…
Comments (0) A physiotherapist turned his flat into a cannabis factory to pay off a gambling debt, a court has heard. Police raided the 47-year-old Jason Wedgwood’s Staffordshire home after receiving a tip-off. Stoke Crown Court heard officers found Wedgwood had been growing cannabis – then they discovered he had also leased the flat next door…
Adelaide-based oil and gas producer Santos has been dragged deeply into the red by a billion-dollar write-down on its massive investment in Queensland’s nascent LNG export sector. Santos reported a full year loss of $US1.05 billion ($1.4 billion) on the back of a previously flagged post-tax $US1.1 billion impairment charge on the company’s…
EX-STAFF of a prominent Mooloolaba restaurant will only receive about 13 cents for every dollar of superannuation they’re owed by former boss Todd Young. Mr Young hit Las Vegas with his partner just days after winding up Todd Young Investments Pty Ltd on December 29, 2015. His company operated Bella Venezia restaurant at Mooloolaba through…
Virgin Australia expects to launch direct services between Australia and mainland China, Hong Kong and a another South East Asian city in the next 12 months as part of the airline’s first major international push for six years. Virgin on Friday announced the launch of a new route between Australia and Hong Kong mid-year as…