The Mexican government could resume direct transfers of funds to public oil and gas giant Pemex next year due to the company’s tight debt repayment schedule. Pemex CEO Octavio Romero Oropeza told press late on Tuesday that his team was asking the finance ministry for more support, given that the calendar of debt repayments looks…
DetailsEnhancing McGraths capabilities across the NSW/Qld border region, the network has revealed a restructuring of its Palm Beach and Tweed Coast outposts. Already have an account? Sign in below: Both successful businesses will merge in a move described by network head of franchise services Chris Mourd as a win-win. It makes good sense for our…
DetailsJohannesburg, South Africa Long-running tensions between the major international lenders and China were aired at a meeting in Chinas Anhui province, where participants sought agreement on a way forward for some of the worlds most indebted countries, many of them in Africa. Representatives of the International Monetary Fund, World Bank, and Beijings finance ministry participated…
DetailsSenators across both major parties on Wednesday sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while advocating for regulation of the digital currency sector. Lawmakers on the chamber’s banking committee differed significantly, however, on whether FTX exemplified wider industry dangers or merely a run-of-the-mill fraud that could occur at any business.…
DetailsWhat we want is to achieve the abolition of all illegitimate public debts, both in the North and in the South, it is NOT to debate and/or mobilize for the ‘Debt Relief Against Climate Action proposal’ What we want to achieve is the abolition of all illegitimate public debts, both in the North and the…
DetailsLONDON, Dec 14 (Reuters) – England and Wales saw a 21% annual rise in the number of company insolvencies last month and the second-highest monthly total in figures going back to 2019, published a day after the Bank of England said businesses were coming under increased pressure. Some 2,029 registered companies in England and Wales…
DetailsC ompulsory liquidations in November 2022 rocketed to more than five times as many as last year and were 7% higher than in November 2019, new figures released today show, as small and medium-sized businesses feel the pressure of rising prices, higher interest rates and dwindling consumer demand. The number of registered company insolvencies in…
DetailsNASSAU, BAHAMAS FTX CEO John Ray III in a congressional hearing into the companys collapse yesterday slammed The Bahamas company liquidation process as lacking transparency, claiming that the pushback being received from the Bahamian government and regulators was extraordinary and irregular. Ray was addressing a House Financial Services Committee hearing into the collapse of the…
DetailsLiquidators get paid three times as much to shut down a business as they do to save it, says Australian Small Business and Family Enterprise Ombudsman Bruce Billson, whos called for an overhaul of insolvency laws that are now being reviewed for the first time in more than three decades. ‘Current system not sympathetic to…
DetailsSenator Deborah ONeill is chairing the Inquiry into Corporate Insolvency in Australia. (AAP Image/Lukas Coch) The primacy of the Australian Taxation Office (ATO) as Australias biggest creditor when it comes to corporate insolvencies is being put under fresh scrutiny, as the Albanese government puts the spotlight on reforming mechanisms for winding up failed businesses. The…
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