A Reuters survey found that roughly half of Japanese firms are considering reviewing or restructuring their businesses to increase corporate value, including acquisitions, amid a push for companies to improve governance. The survey results are the latest indication of concrete steps that companies in the world’s third-largest economy are planning to take to transform their…
TOKYO, JAPAN – JULY 22: Office workers are seen reflected in a window as they walk to a train station in front of the Toshiba Corporations, Tokyo headquarters (left) on July 22, 2015 in Tokyo, Japan. Toshiba Corporation President Hisao Tanaka and two other executives resigned July 21, over a $1.2billion accounting scandal. (Photo by…
New housing construction is seen at Schofields, north west of Sydney, Thursday, November 10, 2022. Source: Bianca De Marchi / AAP Image The number of business insolvencies boomed in late 2023 and is poised to accelerate in 2024, official data shows, but industry professionals say the growing use of the small business restructuring scheme is…
With a rise in the number of businesses collapsing, construction companies need to be aware of how to protect themselves against risks. According to UK Government data, construction firms in England and Wales topped the list of industries that experienced the highest number of insolvencies in the 12 months ending 30 September 2023. The number…
Key takeaways Before taking on a balance transfer offer to consolidate debt, budget for a monthly payment plan to pay it off. Select a balance transfer card that’s suited to your credit score, and look into the terms and conditions of the offer. Make it a priority to pay off the transferred balance within the…
As many low- and middle-income countries (LMICs) grapple with a sharp rise in payments on their sovereign debt in the wake of the COVID-19 pandemic and the war in Ukraine, leaders across the world are calling for urgent debt restructuring and reforms to the development financing system. Their calls are often framed in humanitarian and…
Creditors have voted to plunge 26 clinics in a struggling beauty chain into liquidation, while the fate of the remaining 16 hangs in the balance. Last month, news.com.au reported that Body Catalyst, a non-surgical cosmetic medicine chain with clinics across NSW, Victoria and Queensland, had appointed an administrator. On Tuesday, a meeting took place where…
A debt management plan is a tailored strategy to help you repay outstanding debt and financial obligations without using a new loan. Typically, credit counseling agencies work with creditors on your behalf to determine a debt management plan that fits your financial circumstances. Heres how debt management plans work and how to decide if one…
YouTubes partnerships side is undergoing its first corporate restructuring in a decadeone thatll see changes to the creator management and operations teams, and will result in around 100 peoples roles being eliminated. This reorg is following a strategy laid out by Mary Ellen Coe, who took over as YouTubes chief business officer when Robert Kyncl…
Debt consolidation can potentially hurt your credit score if you dont use the new loan responsibly, such as by missing payments or taking on even more debt instead of only paying off old debt. However, if you use it correctly, debt consolidation can have a positive impact on your credit score and help you pay…