Jan. 18, 2016 12:21 a.m. ET SYDNEY Clive Palmers resources bets helped to underpin an empire that ranged from animated dinosaur parks to a political party that held the balance of power in Australias upper house. Now, the entrepreneurs wealth is being squeezed by the downturn in commodity prices. On Monday, Mr. Palmer lost control…
A Bentley and other European cars belonging to the Robertsons’ are among assets frozen until Decemeber. Photo / Getty A gold and currency trading firm which authorities worried was a fraud has been put into liquidation. PTT, or Prosper Through Trading, has been in the hands of receivers since August after the Financial Markets Authority…
A telecommunications distributor that has been operating for just over 15 years has collapsed into liquidation. PCRange was established in 2000 and is based out of Adelaide. Founder Raaj Menon originally ran the business out of his home, but took out a lease and hired employees after the routers he imported from Taiwan snapped up…
Related Story: PUP donations made before Queensland Nickel financial woes: Palmer Clive Palmer’s Queensland Nickel has gone into voluntary administration, company directors have announced. FTI Consulting has been appointed to manage the company’s operations as voluntary administrators, effective immediately. On Friday, the self-proclaimed billionaire federal MP’s refinery sacked 237 workers, citing…
Video will begin in 5 seconds. More video Recommended Replay video Sacked workers: ‘pretty heartbreaking’ Workers sacked at Clive Palmer’s Townsville nickel refinery on Friday say they “can see the place folding in six months anyway”. Nine News PT1M24S 620 349 Clive Palmer’s struggling Queensland Nickel has gone into voluntary administration amid controversy over donations made…
Published 17/01/2016 | 02:30 Three people have been ordered to appear before the High Court in connection with the liquidation of Irish Education Business and Research Limited The High Court has ordered three people to appear for examination under oath, to facilitate the liquidation of a collapsed English-language school that went insolvent more than 18…
“Startup friendly tax measures will be announced in the forthcoming Budget”. This fund, launched by the Prime Minister Modi in September 2015 during the Startup Konnect event in California, will support innovation and innovative startups in areas of healthcare and life-sciences, sustainability, and digital technologies. “Suggested to Korean CEOs that major Korean companies can invest…
Priority will be given to programmes like Start-Up Mission to generate more employment In India entrepreneurship is no longer being looked down in the guise of a frugal or flexible innovation and the government will take steps to make capital easily available and ease rules to enable startups to flourish, Commerce and Industry Minister Nirmala…
Employment generation is govt’s top-most priority Kick-starting its ambitious Start-Up Mission, the government on Saturday promised to prioritise such measures for greater employment generation and said it was committed to ensuring start-ups a friendlier regulatory regime, easier capital availability as well as quicker exit norms through a bankruptcy law. Pointing out that entrepreneurship was no…
Erik Buell Racing, circa 2014. Photo by David Swarts, copyright Roadracing World Publishing, Inc. The Walworth County (Wisconsin) Circuit Court has approved the sale of Erik Buell Racing (EBR) to Liquid Asset Partners–the same liquidation company that dismantled and sold off Buell assets in 2009-2010–for $2 million, according to a report published today by…