Senior Australian officials believe Pacific Island and Asian nations are reassessing the value of receiving Chinese foreign aid after seeing Beijing’s heavy-handed treatment of them when they seek debt relief. As a new US State Department report, as revealed by The Australian Financial Review, warns China is creating a “debt trap” for smaller nations in a bid…
DetailsAdministrators say it is in the interests of creditors for the company, which is linked to Alpha Insurance, to liquidate ahead of watershed meeting. CBL Corporation, the parent company of Ireland-based CBL Insurance Europe and CBL Insurance in New Zealand, should go into liquidation according to voluntary administrator KordaMentha. The administrators stated in a creditor…
DetailsDrivers in their thousands have been left without insurance cover after insurance firm Alpha announced it had gone bust. The drivers insured with their UK brands, Cover My Cab and Protector, received a text message stating: “Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect.” The text meant thousands of taxi drivers…
Details* Plans underwritten equity issue * Also seeking new debt facilities, other capital sources * To announce plans on Thursday (Adds detail, shares) LONDON, May 14 (Reuters) – Britains Mothercare, the struggling mother and baby products retailer, said on Monday it would ask investors for more money as part of a major restructuring it plans…
DetailsThe Shooters Fishers and Farmers Party (SFFP) say the Premier is clueless about real drought relief for farmers. SFFP MLC Robert Brown was highly critical of the Liberal and National Party Governments announcement of a State Drought Coordinator in Dubbo on Monday. Mr Brown said farmers expect financial assistance from the State Government but instead…
DetailsBEGBIES Traynor has appointed Adam Southard as a director of its Edinburgh office. Mr Southard, pictured, has joined from Invocas Financial, where he spent the last five years as an insolvency practitioner. He had previously worked for Kroll (now Alix Partners), where he gained experience of working on large and complex administrations. In his new…
DetailsThe Shooters Fishers and Farmers Party (SFFP) say the Premier is clueless about real drought relief for farmers. SFFP MLC Robert Brown was highly critical of the Liberal and National Party Governments announcement of a State Drought Coordinator in Dubbo on Monday. Mr Brown said farmers expect financial assistance from the State Government but instead…
DetailsThe Shooters Fishers and Farmers Party (SFFP) say the Premier is clueless about real drought relief for farmers. SFFP MLC Robert Brown was highly critical of the Liberal and National Party Governments announcement of a State Drought Coordinator in Dubbo on Monday. Mr Brown said farmers expect financial assistance from the State Government but instead…
DetailsLocal building contractor Archiapps has entered into voluntary administration, less than two weeks after the Building Commission issued a warning to consumers about the company. Cameron Shaw and Richard Albarran of Hall Chadwick WA have been appointed as the administrators of the company. Earlier this month, Building Commissioner Ken Bowron raised concerns over the financial…
DetailsUS President Donald Trump appears to have given Chinese Company ZTE, who last week saw their products dropped by Telstra, a lifeline after he suddenly over the weekend and after, a discussion with Chinese President Xi of decided to intervene in his commerce departments decision to ban the Chinese telco who has been exposed for…
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