By: AFP | Athens | Published:May 2, 2017 11:56 am FILE PHOTO: Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. (REUTERS/Dado Ruvic/File Photo) Greece has reached a preliminary deal with its creditors that should pave the way for long-awaited debt relief talks, the Greek finance…
DetailsBut while the few hundred diehard supporters give it their all week in week out, the now dilapidated terraces of what was once continental Europe’s biggest stadium may soon fall silent for ever. In March the 123-year-old club, which even under the Nazis was allowed to keep its English name “Vienna”, declared itself insolvent…
DetailsNEW YORK: GSO Capital Partners, private equity firm Blackstone Group LP’s credit arm, is acquiring more of J. Crew Group Inc’s debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankruptcy, people familiar with the matter said. Sales have been declining as J. Crew, whose…
DetailsALL this talk from politicians about good debt and bad debt is just another way of confusing the issue. Treasurer Scott Morrison’s new approach to ‘good’ and ‘bad’ debt will be interesting to hear when he cuts details of the Budget 2017-18 loose at approximately 7.30pm (AEST) on Tuesday 9 May 2017, as he commences…
DetailsBaby boomers who have shelled out a collective $200 billion over the course of their lives to help their adult children and other family members cover expenses like housing, weddings and healthcare are putting their own comfortable retirement at risk according to a new survey. A white paper commissioned by one of Australia’s largest superannuation…
DetailsAfter more than 50 years in business, Ike Morris, owner of Waco Oil and Gas Co., has decided to retire. The 79-year-old Glenville businessman and philanthropist said his age was a big factor in the decision. Were going to shut down the contract work and everything, Morris said. Were still in the royalty and land…
DetailsLaetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring A building company has collapsed owing almost $2 million to 130 creditors including 30 homeowners who have been left in the lurch, some of them for the…
DetailsVIENNA: “Vienna til I die!” chanted the fans, in accented English, at a recent rainy match, testament to the British roots of Austria’s oldest football club: the once-mighty First Vienna FC 1894. But while the few hundred diehard supporters give it their all week in week out, the now dilapidated terraces of what was once…
DetailsPersonal liability for superannuation guarantee (SG) appears to be of little consequence to directors who find themselves in trouble, according to the Australian Institute of Credit Management (AICM). In a submission to the Senate Economics Committee inquiry into superannuation guarantee non-payment, the AICM non-reporting of (SG) obligations was a common method employed by businesses experiencing…
DetailsOnline gambling sites operating in Australia will be banned from offering lines of credit to their customers under sweeping new reforms. A national self-exclusion register will also be established under major changes to the bookmaking industry agreed to by state, territory and federal ministers in Melbourne on Thursday. However, World Vision Australia says the changes,…
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