Getting American entrepreneurialism and job growth on track throughout the country is about eliminating the barriers to bringing an idea to life and having the skills to do it. The Gig Economy is an important lever in making that happen. But its full potential to create mass prosperity won’t be realized until we make higher…
ONE-hundred-and-thirty-eight people in the Sunshine Coast and Noosa region have filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of those 138, 66 filed for bankruptcy and 59 started a debt agreement and personal insolvency with debtors. A further 13 in the Sunshine Coast hinterland were counted in the total…
More than two years ago, suppliers forgave Family Christian Stores $127 million in debt so that it could remain open. Today, the chainwhich bills itself as the worlds largest retailer of Christian-themed merchandiseannounced it is closing all of its stores after 85 years in business. Family Christian, which employed more than…
LISBON, Portugal–(BUSINESS WIRE)–Haitong Bank, 100% wholly owned by Haitong Securities, a company listed in the Shanghai and Hong Kong Stock Exchanges, will initiate a global restructuring plan in the beginning of March 2017, called Haitong Bank 2025. This initiative aims to align the investment Banks positioning with the new trends shaping the sector as well…
To stamp out illegal phoenix activity, directors should be required to have identification numbers. And, if theyve had many corporate failures, they should be classed in a new probationary category, our research shows. These are a few of several measures we have designed to detect and pre-emptively disrupt those bent on using company liquidation or…
LONDON (AP) Barclays Group says it will complete its restructuring six months earlier than planned as it sheds risky assets and focuses on consumer, corporate and investment banking in New York and London. Barclays now plans to close its non-core unit at the end of June after reducing its stake in Barclays Africa to 12.2…
Soaring household debt and housing prices could make it “dangerous” to cut interest rates, the head of the Reserve Bank of Australia says. Dr Philip Lowe has told a federal parliamentary economics committee that while a deeper cut to the official cash rate could deliver a short-term boost to jobs and inflation but also push…
Phoenixing companies, which costs the Australian economy billions of dollars a year, is too easy, cheap, lucrative and is largely invisible, according to a new report into the practice. What is phoenixing? When a director strips cash and assets before hiding them and liquidating the company, then restarting Usually restarted under a different…
Soaring household debt and housing prices could make it “dangerous” to cut interest rates, the head of the Reserve Bank of Australia says. Dr Philip Lowe has told a federal parliamentary economics committee that while a deeper cut to the official cash rate could deliver a short-term boost to jobs and inflation but also push…