Debt-laden companies across Europe, Middle East and Africa face a $500 billion refinancing scramble in the first half of 2024, a challenge that could kill off many zombie businesses even though an expected peak in rates could bring some relief. Businesses facing rising debt costs after years of low rates will have to compete to…
Germany is a bellwether for international economic robustness, but the first half of the year saw the number of German companies filing for insolvency proceedings rise by a hefty 20.5% compared to the first half of 2022 (according to Destatis). This is the largest percentage jump in more than two decades. No wonder that investors…
VIENTIANE, Oct. 9 (Xinhua) — The Lao government has learnt about good practices for enhancing public debt management from a high-level policy dialogue, which will help the government strengthen public debt management. The two-day dialogue was held by the Asian Development Bank (ADB) in partnership with the Lao Ministry of Finance in the Lao capital…
President Biden said Wednesday his administration has approved $9 billion more in student loan forgiveness as he pledged to continue to look for ways to deliver debt relief to borrowers despite opposition from conservatives. My administration will continue to use every tool at our disposal to help ease the burden of student debt so more…
The number of insolvencies in the third quarter of the year was up 54% on the same period last year. Between July and September, 185 insolvencies were recorded, compared to 120 during those three months in 2022. But new data from credit risk analyst, CRIFVision-Net, shows that while insolvencies grew during that period, so too…
The number of companies going out of business jumped more than 50 per cent between July and September, even as new businesses continued to be created. There were 185 insolvencies during the third quarter of the year, up from 120 a year ago, according to credit risk firm CRIFVision-net. The increase suggests inflation pressures are…
Introduction I would like to acknowledge the Gadigal people of the Eora Nation who are the Traditional Custodians of the Land where we are meeting today. I would like to pay my respects to their Elders past, present and emerging and extend my respect to any Indigenous Australians who are with us today. Thank you…
Oct 9, 2023 4.08pm The ASX is set to become a hunting hotspot for private money as cashed-up global funds zero in on distressed companies. Thats the view of White & Case restructuring partner Timothy Sackar amid a spike in corporate insolvencies in Australia. We continue to see listed companies in a number of sectors…
Australian Grainlinks assets include the Western Riverina Intermodal Freight Terminal at Wumbulgal near Griffith, where stakeholders including then NSW Minister for Regional Transport Sam Farraway, pictured at centre wearing hat, gathered in February 2023 for a NSW Government funding announcement. Photo: Sam Farraway AFTER entering voluntary administration in June, four Grainlink entities have been purchased…