One of Chinas largest-ever debt restructurings is in trouble before it even got going. China Evergrande Group was declared to be in default in late 2021, the highest-profile casualty of a broader crisis in the countrys property development industry. The government has stepped in to manage the overhaul, quelling fears of a disorderly collapse that…
Advertisement Almost a quarter of Brits will have to go into debt to fund their Christmas shopping this year as the cost of living bites, a new survey has revealed. The Cost of Christmas survey of over 2,000 people, by personal insolvency provider, Creditfix, revealed what their spending habits will look like this Christmas. –…
Dozens of ASX-listed companies are on the brink of collapse and in need of drastic change to turn things around, with potential investors warned to be on the lookout for zombie firms. According to data from big four accounting firm KPMG released on Monday, there has been a disconcerting rise in zombie companies in the…