Kevin McCarthy with President Joe Biden at an Oval Office meeting on the debt ceiling on May 22.Saul Loeb/AFP/Getty Images Redeem now Biden and McCarthy finally reached a deal to raise the debt ceiling on Saturday night. The deal strengthens work requirements on welfare programs and codifies the end of the student-loan payment pause. The…
Getty Images President Joe Biden has urged Congress to pass a deal to raise the government’s borrowing limit and prevent a potentially catastrophic default on US debt repayments. So what is in the deal? Negotiators from Democratic and Republican parties finalised an agreement on Sunday night. If approved, it would allow the federal government to…
May 30, 2023 Full house: Kyabram Plaza Theatre was full when Banksia Securities investors turned out in force a decade ago to be updated on the failed financial group. Photo by Neil Saunders Eleven years after the collapse of the Banksia Financial Group receivers acting on behalf of investors in the failed Kyabram company are…
Normal text sizeLarger text sizeVery large text size Aristocrat Leisure is the big name behind the headlines when talk turns to Australias addiction to poker machines. Aristocrat, with its 50 per cent market share, is the gorilla behind the scenes, and the clubs and pubs are the ones out in front, shareholder activist Stephen Mayne…
May 30, 2023 12.01am The ACTU wants the Albanese governments upcoming same job, same pay laws to target major companies such as CIMIC, Qube, BHP and Qantas for using labour hire-like structures to push down pay. The union peak body named the construction, stevedore, mining and airline giants in research released on Tuesday that found…
Business insolvencies remain at worryingly high levels and North East firms may yet feel the fallout of recent economic shocks. Analysis of the latest corporate insolvencies figures by the North East arm of restructuring trade body R3 shows that while there has been a month-on-month drop of almost a third between March and April –…
Real estate comprises a significant portion – more than a fifth – of filed insolvency cases, although approved resolution plans total only 13%, a study by Grant Thornton Bharat showed.Out of 2,298 Corporate Insolvency Resolution Process (CIRP) cases under the Insolvency & Bankruptcy Code, 518 are related to real estate. Surprisingly, only 78 out of…
Milk brand sold in Coles and Woolworths suddenly goes bust – here’s why Made by Cow product will vanish from shelves Aussie company in voluntary administration Due to supply chain issues and soaring inflation By Kylie Stevens For Daily Mail Australia Published: 09:48 AEST, 29 May 2023 | Updated: 11:26 AEST, 29 May 2023
Normal text sizeLarger text sizeVery large text size AMP says it will dissolve its Australian wealth management business structure by the end of the year as part of a broader restructure that will lead to a thinning out of the companys executive ranks. The head of the Australian wealth management unit, Scott Hartley, will exit…
Normal text sizeLarger text sizeVery large text size AMP says it will dissolve its Australian wealth management business by the end of the year as part of a broader restructure that will lead to a thinning out of the companys executive ranks. The head of the Australian wealth management unit, Scott Hartley, will exit as…