Rising mortgage debt is giving a productivity boost to the Australian workforce as it is keeping older workers out of retirement, a new report from housing research body Ahuri says. Older people were more likely to be working for every $100,000 of additional mortgage debt they had, Curtin University professor Rachel Ong told Ahuri’s housing…
DetailsJun 29, 2017 02:04 PM IST | Source: PTI State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016, Electrosteel Steels said in a regulatory filing. Top lender SBI and other creditors have moved insolvency proceedings against Kolkata-…
DetailsTop lender SBI and other creditors have moved insolvency proceedings against Kolkata- based Electrosteel Steels at the National Company Law Tribunal (NCLT). State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016, Electrosteel Steels said in a regulatory…
DetailsLast updated: 29 June 2017 Thousands of customers who paid up to $8500 for education courses were subjected to misleading and unconscionable conduct by Get Qualified Australia, the Federal Court has ruled. The verdict comes as Get Qualified a company that had a yearly turnover of $14 million and employed 50 staff at its peak…
DetailsMATTHEW CATTIN/FAIRFAX NZ An application to put Waiwera Water New Zealand into liquidation has been made by the Commissioner of Inland Revenue. A company selling New Zealand water overseas, partly owned by a Russian billionaire, faces an application for liquidation. An application to put Waiwera Water New Zealand into liquidation was filed in the High Court on…
DetailsSarah Sultan is studying Business at UWS and worries about paying off her HECS. Picture: Bob Barker. ITS the debt we all like to forget we have, and Australians owe a combined $48 billion. But while a HECS or HELP balance is the best debt you can have, given that it doesnt attract interest, ignoring…
DetailsMATTHEW CATTIN/FAIRFAX NZ An application to put Waiwera Water New Zealand into liquidation has been made by the Commissioner of Inland Revenue. A company selling New Zealand water overseas, partly owned by a Russian billionaire, faces an application for liquidation. An application to put Waiwera Water New Zealand into liquidation was filed in the High Court on…
DetailsThe Dan Fierman era, which came with a focus on longform journalism, officially comes to close. MTV is restructuring once again. This time, the changes are focused on the MTV News department, which according to a source with knowledge of the situation is closing the chapter on what many saw as a bold and fascinating experiment in…
DetailsA $9 billion restructuring deal covering Puerto Rico’s public power monopoly failed to win approval on Tuesday from the island’s federal oversight officials, raising the likelihood of default at one of the largest U.S. utilities. The federal board overseeing Puerto Rico’s finances rejected the proposed settlement in a 4-3 vote, capping weeks of doubt about…
DetailsNEW DELHI/KOLKATA: The Insolvency and Bankruptcy Board of India (IBBI), the regulator overseeing bad-loan resolutions, is scaling up its capability-assessment procedures to ensure that quality Insolvency Professionals are deployed in the potentially Rs 8-lakh-crore exercise, seeking to win over an ecosystem that remains skeptical about the efficiency of the recovery infrastructure. “Inspection and investigation are…
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