Boundary Road delay ‘could not have been anticipated’, council says – Daily Liberal

Dubbo Regional Council has defended its original decision to appoint Shearer Contracting Pty Ltd which has now been placed in voluntary administration  to deliver the Boundary Road extension. Work on the project was suspended this week, after Mitchell Griffiths and Chad Rapsey, of Rapsey Griffiths Insolvency and Advisory, were appointed joint and several administrators of Shearer Contracting…

Market Live: Sensex mildly lower as investors await corporate earnings; Lupin jumps – Moneycontrol.com

2:15 pm Gainers: Titan Company, BPCL, HPCL, Lupin and Sun Pharma are biggest gainers, rising up to 4 percent. HDFC Bank, ITC, Bajaj Finance, IOC, Tata Motors and Reliance Industries were up 0.2-0.9 percent. 2:08 pm Market Update: Benchmark indices continued to consolidate around previous day’s closing values amid US-China trade war. Investors await corporate…

Binani Industries up 8% after application filed to terminate insolvency proceedings of Binani Cement – Moneycontrol.com

Share price of Binani Industries gained 8 percent in the early trade on Friday as company filed an application to terminate CIRP of its subsidiary. The company filed an application for termination of the company insolvency and resolution proceedings (CIRP) of its subsidiary Binani Cement. Binani Industries has received an offer from the Aditya Birla…

China’s ghost cities and their multibillion-dollar debt are raising concerns – The Australian Financial Review

by Dinny McMahon When Zhang Jingqiang became mayor of Tieling in 2005, it was the poorest city in Liaoning Province. A greying, former Ming-dynasty garrison town of about 440,000 people in the country’s frigid north-east, it was part of China’s rust belt, but large-scale industrialisation had long ago bypassed the city. Zhang wasn’t a high-flyer.…

Muswellbrook company refutes CFMEU claims that it owes hundreds of thousands of dollars in employee benefits – Muswellbrook Chronicle

A MUSWELLBROOK company refutes union claims that it owes hundreds of thousands of dollars in employee privileges. The Construction, Forestry, Mining and Energy Union (CFMEU) recently stated it was currently working to claw back more than $200,000 in entitlements for ex-staff at BIGLIFT Cranes and Heavy Haulage. The CFMEU alleges the business is more than…