Bankruptcy due to excessive credit card usage among youth still low: Finance Ministry – New Straits Times Online

KUALA LUMPUR: The number of young people in Malaysia declared bankrupt due to credit card usage is still relatively low. Deputy Finance Minister Datuk Othman Aziz said from January to September, only nine below the age of 30 were declared bankrupt. He said the number registered this year was still lower compared to the same…

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Indonesia eyes Rp 21t from IPOs of 10 SOE subsidiaries – Jakarta Post

The Indonesian government eyed Rp 21 trillion (US$1.55 billion) from the sales of shares of 10 subsidiaries of state-owned enterprises (SOE) through initial public offerings (IPOs) next year. The State-owned Enterprises Ministry announced that the five companies that failed to hold IPOs last year would carry out IPOs next year, while the five others were…

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Pauline Hanson furious as new senator Fraser Anning dumps One Nation – The Australian Financial Review

One Nation is in disarray after new Queensland senator Fraser Anning quit the party to sit as an independent crossbencher. A furious One Nation leader Pauline Hanson accused disloyal staffers for influencing Senator Anning’s decision to abandon the party but confirmed she had not wanted Senator Anning to take up his seat. Senator Anning’s departure…

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Pacific Drilling Begins Chapter 11 Process to Optimize Capital Structure; World-Wide Operations Expected to Continue … – Business Wire (press release)

LUXEMBOURG–(BUSINESS WIRE)–Pacific Drilling S.A. (OTCPink: PACDF) today announced that, with the aim to optimize its capital structure pending recovery in the floating rig drilling industry, it and certain of its domestic and international subsidiaries have filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for…

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US consumer agency sues Freedom Debt Relief for misleading consumers – Reuters

WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau said on Wednesday it filed a lawsuit against Freedom Debt Relief, the largest U.S. debt-settlement services provider, and its co-Chief Executive Andrew Housser, alleging that they deceived consumers. The CFPB said its suit alleges that Freedom charges consumers without settling their debts as promised, makes customers…

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