Building products manufacturer Boral has been dented by the continued weak performance of its Western Australian operations, reporting lower underlying earnings and a $20 million asset impairment for its WA bricks business. The ASX-listed company said the WA bricks business, which trades as Midland Brick, suffered a 26 per cent fall in volume and a…
DetailsZimbabwe’s budget deficit will increase by nearly $US120 million this year due to a maize subsidy, Reuters calculations show, in a scheme critics of President Robert Mugabe say will be open to abuse and saddle a troubled economy with more debt. Facing an election in 2018, Mugabe says the subsidy will make Zimbabwe self-sufficient in…
DetailsTHE Sydney lawyer Robert William Cameron, one of a large group of barristers revealed eight years ago as former bankrupts and serial tax defaulters, has been struck off the roll of legal practitioners. But it has taken more than six years to do so. The executive director of the NSW Bar Association, Philip Selth, blamed…
DetailsAug 29, 2017 08:39 PM IST | Source: CNBC-TV18 The Reserve Bank of India has sent the second list of over 40 large corporate defaulters that include Videocon, JP Associates, IVRCL and Visa Steel, among others, to be referred to the National Company Law Tribunal (NCLT), reports CNBC-TV18 quoting sources. The Reserve Bank of India…
DetailsThe fall out continues after the shock announcement by Western Downs based construction company Ostwald Brothers that they have been placed into Voluntary Administration. After the announcement was made yesterday, all staff were stood down for 48 hours while the administrators, Price Waterhouse Coopers who have been called in to take over the running of…
DetailsBoris Becker was supposed to be commentating on the US Open for Eurosport The tennis legend has not made it to America due to issues with his visa He denied rumours that the problems are related to recent bankruptcy hearings By Mike Dickson for MailOnline Published: 10:23 +10:00, 30 August 2017 | Updated: 10:50 +10:00,…
DetailsOne in five people struggling with debts has seen their credit card limit automatically increased – a higher proportion than for cardholders in general, a charity has claimed. Citizens Advice said 18% of those struggling financially had seen the limit increased without request, compared with 12% overall. It wants a ban on increases without a…
DetailsRetired Dublin solicitor and former property tycoon Brian ODonnell exited bankruptcy yesterday, The Irish Times reports. Ms Justice Costello formally discharged him from bankruptcy at a sitting of the High Court yesterday. Mr ODonnell and his wife, Mary Patricia, were judged bankrupt by the High Court in August 2013 in a finding confirmed by the…
DetailsBefore we begin, let us all stipulate to two facts: 1) Senate Majority Leader Mitch McConnell is good at one thing and one thing only: obstructing a Democratic president; and 2) Speaker of the House Paul Ryan, the zombie-eyed granny starver from the state of Wisconsin, is a truly terrible politician on almost every level…
DetailsSINGAPORE (Reuters) – Asia’s second-biggest aircraft lessor, BOC Aviation Ltd (2588.HK), posted a 13 percent rise in half-year net profit but its CEO warned of a potential fall in industry yields from next year as lessors globally absorb more aircraft deliveries. There is going to be some downward pressure,” Chief Executive Robert Martin said in…
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