Business was booming at a nearby shopping centre in the lead-up to Christmas. Armed with credit cards and other forms of debt, consumers were loading up on gifts and other seasonal goodies. I wondered: how will they pay for this spending frenzy? The Reserve Banks chart on household finances (below, left) is a constant, scary…
DetailsPhoto: iStock Industrial, mining and resources manufacturing company Ozcon Industries has temporarily closed its business after been placed in voluntary liquidation last week. The pipe and bore casing supplier, based on the Darling Downs at Dalby, Queensland. announced at 10.30 am on Thursday it was shut for business, according to a recorded message on Ozcons head office…
DetailsTHE COMPANY behind a claim over Rangers and the liquidated club plc’s £16 million cash pot is itself being wound up. Investment firm Worthington Group PLC was accused of stymying the process of reimbursing businesses that were owed money by the former Rangers company – which ranged from giants such as Coca-Cola to a picture framer in…
DetailsDelay in payment of debts was yesterday suggested to help people who are indebted to banks and non-banks and are heavily affected by the devastating floodings that hit 12 southern provinces currently. The suggestion came from the National Credit Bureau amid growing concern that many bank and non-bank clients could default payments and could be…
DetailsCollege debt in America is escalating. Most students today are graduating with not only a degree but also a mountain of debt. Nearly 70% of graduates carry student loans when they leave campus, with an average balance of $30,100 per person, according to the nonprofit Institute for College Access & Success. Its not surprising, then,…
DetailsProxy advisory firm Stakeholders Empowerment Services (SES) has criticised the demerger scheme proposed by Justdial ( JDL) and has asked its shareholders to vote against the move. Under the scheme, Justdial proposed to demerge some businesses of Just Dial Global(JDGL) and absorb them itself. A court convened meeting of shareholders and creditors has…
DetailsBy Press Association Published: 01:03 +11:00, 15 January 2017 | Updated: 01:04 +11:00, 15 January 2017 e-mail Financially failing care homes will be taken into public ownership under a Labour government in order to protect social care provision, Jeremy Corbyn has said. The Labour leader warned the entire social care system was at serious risk…
DetailsTheresa May is in denial over the crisis facing the NHS and scapegoating health professionals with a demand to move to a seven day-a-week opening for GP surgeries, Jeremy Corbyn has said. In his second major speech of 2017, the Labour leader also reiterated his calls to take failing private care homes and the railways…
DetailsHERE are some of today’s national news headlines. May frustrated over GP opening hours amid pressure on hospitals Theresa May has expressed frustration at the failure of more GP surgeries to offer extended opening hours amid intensifying pressure on NHS hospital services. The prime minister made clear her determination to press ahead with plans for…
DetailsGlen McKenzie, President and CEO, DATCU by Glen McKenzie, President and CEO, DATCU Using a personal loan to refinance your existing debt can make your debt more manageable. Youll have one monthly payment at one interest rate instead of many smaller bills due on different days of the month. Will personal loans work for you?…
Details