Don’t take debt for granted – Shepparton News

The chief executive of a Shepparton-based not-for-profit organisation has highlighted the issues surrounding Centrelinks automated data matching system and its approach to collecting alleged debts, as the issue faces a looming Senate inquiry. FamilyCares David Tennant recently made a submission to a Senate inquiry associated with the better management of the social welfare system, focusing…

Is the banks’ $400 billion global shipping debt about to sink? – Transport and Logistics News

Carbon War Room (CWR) and UMAS have released research that suggests climate transition pathways pose risks to the banks that hold $400 billion of global shipping debt. With the onset of climate policies as soon as 2023, there will be a need for significant capital investment to keep vessels competitive. Navigating Decarbonisation: An approach to…

Market-oriented debt-to-equity swaps can help address debt problems: CBRC head – Global Times

The recently appointed chief of China’s top banking regulator reiterated on Thursday that the market-oriented debt-to-equity swap initiative can “greatly help reduce leverage.” The implementation of the swaps will be guided by markets and the law, and there will be no State orders or official targets for the volumes, said Guo Shuqing, chairman of the…

Trump debt blowout to drive Australia mortgage rates higher – The Australian Financial Review

Donald Trump appears on track to blow out the US budget deficit and debt, in a Reagan-like fiscal loosening that could drive up global interest rates higher than anticipated. Not that stock investors seem to care. The Dow Jones Industrial Average burst through a record 21,000 points Wednesday in New York (Thursday AEDT) following Trump’s toned…

Tough times for farmers – many seek debt relief and therapy – YLE News

Finland’s farmers are plagued by poor profitability. Image: Ismo Pekkarinen / AOP Following a protest “tractor march” by farmers in Helsinki last spring, the government provided 50 million euros in emergency aid to the agricultural sector. This is far from enough, say those working with a Farmers’ Social Insurance Institution (Mela) project aimed at helping…