UPDATE 9.45pm: LATE last year the former wife of Boutique nightclub owner Darren “Razzle” Thornburgh was left shaken after shotgun fire peppered her luxury Port Melbourne house in a drive-by shooting in the early hours of Friday morning. Police say Denise Thornburgh and her teenage daughter were asleep inside the upmarket, cream-coloured home on Beacon Vista,…
HONG KONG (Reuters) – Chinas growth will be driven by education, autos, healthcare and e-commerce over the next two years, as Beijings push to transform its economy into a consumption-driven one pays off, a fund manager said, adding equities were a top pick for 2018. Thomas Kwan, chief investment officer of Harvest Global Investments, poses…
KUALA LUMPUR: The number of young people in Malaysia declared bankrupt due to credit card usage is still relatively low. Deputy Finance Minister Datuk Othman Aziz said from January to September, only nine below the age of 30 were declared bankrupt. He said the number registered this year was still lower compared to the same…
THE former Highfields Bowls Club is set to become a community hub with new owners revealing plans to take over the centre. The Highfields Community Church confirmed to The Chronicle on Monday it had bought the site which once operated as a sporting club in the growing area. It promises a new lease of life…
The Indonesian government eyed Rp 21 trillion (US$1.55 billion) from the sales of shares of 10 subsidiaries of state-owned enterprises (SOE) through initial public offerings (IPOs) next year. The State-owned Enterprises Ministry announced that the five companies that failed to hold IPOs last year would carry out IPOs next year, while the five others were…
One Nation is in disarray after new Queensland senator Fraser Anning quit the party to sit as an independent crossbencher. A furious One Nation leader Pauline Hanson accused disloyal staffers for influencing Senator Anning’s decision to abandon the party but confirmed she had not wanted Senator Anning to take up his seat. Senator Anning’s departure…
LUXEMBOURG–(BUSINESS WIRE)–Pacific Drilling S.A. (OTCPink: PACDF) today announced that, with the aim to optimize its capital structure pending recovery in the floating rig drilling industry, it and certain of its domestic and international subsidiaries have filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for…
WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau said on Wednesday it filed a lawsuit against Freedom Debt Relief, the largest U.S. debt-settlement services provider, and its co-Chief Executive Andrew Housser, alleging that they deceived consumers. The CFPB said its suit alleges that Freedom charges consumers without settling their debts as promised, makes customers…
New Delhi, Nov 12: Forensic audits should be mandated on promoters bidding for stressed assets under an insolvency process, several legal experts have said. Only genuine promoters should be allowed to proceed for insolvency proceedings or bidding for Stressed Assets, they said. “The conducting of the forensic audit of the Corporate debtor is essential to…
Smaller contractors and building materials companies could face a liquidity crunch if big construction and engineering groups keep delaying payments to suppliers, McGrathNicol has warned. Construction and engineering companies paid suppliers 10.5 days more slowly in 2016-17 than they did a year earlier, reversing the previous trend of paying suppliers faster, according to the insolvency…