Supplied/Stuff The FPSO Umuroa, right, moored near the Tui Oil Field offshore of Taranaki. Taranakis oil and gas industry has been delivered another blow with the company servicing the Tui Oil Field going into liquidation, a flow on from Tamarind Taranaki’s collapse. Norwegian-based BW Offshore have put BWU, a wholly owned subsidiary which operates the…
DetailsBanks are not taking enough risk if no loans ever go bad after all banks are in the business of providing risk capital at an appropriate price. But given a certain proportion of loans will go bad, how should banks provide for them in their accounts without knowing exactly which ones will tip over? “Businesses…
DetailsKPMG is considering selling its UK restructuring business as the accounting giant looks to shore up its finances after delaying its annual results amid the disruption caused by Covid-19. The firm is exploring options for the division including a possible sale as the Big Four accountants prepare for extensive reforms of their business to comply…
DetailsDespite the pandemic, Americans are working hard to pay down their debts. Here’s how you can use that consolidation to get ahead of yours. (iStock) Despite the financial upset of the coronavirus pandemic, Americans are taking charge of their debt and working to pay it down. According to a recent report by the credit bureau…
DetailsThe company was directed by Canadian businessman Matthew Davey out of Dunedin but he is understood to have returned to Canada. Photo by Peter McIntosh. The embattled company behind Ticket Rocket is now in liquidation owing nearly $350,000 to two Super Rugby franchises. Fortress Information Systems Ltd was called before the High Court at Dunedin…
DetailsBanks are not taking enough risk if no loans ever go bad after all banks are in the business of providing risk capital at an appropriate price. But given a certain proportion of loans will go bad, how should banks provide for them in their accounts without knowing exactly which ones will tip over? “Businesses…
DetailsBy Reuters Staff 2 Min Read FILE PHOTO: Tennis – ATP 500 – Hamburg European Open – Am Rothenbaum, Hamburg, Germany – September 22, 2020 Former tennis player Boris Becker in the stands during the first round REUTERS/Cathrin Mueller (Reuters) – German tennis great Boris Becker pleaded not guilty on Thursday to charges that he…
DetailsImagine you want something so bad that you put in every bit of your effort in trying to acquire it. Nothing is too big a price to pay for it. After all, the stakes are as high. You risk losing everything you have if you fail to obtain this object your friends, your family, the…
DetailsThe UK financial regulator is urging borrowers affected by coronavirus lockdowns to seek support fromtheirbanks, as its figures show 12m Britons are likely to struggle with bills or loan repayments. In its strongest call to action yet, the Financial Conduct Authority has told consumers in difficulty to ask their lenders for more support and seek…
DetailsThe disruption and financial pressures caused by the pandemic are likely to give rise to some common challenges for businesses across sectors, whether the problem concerns a supplier or a customer. While each case will require specific advice, parties should be generally aware of some recent changes to legal remedies available when approaching a dispute.…
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