Oceania

Results for Oceania

Australian Banks Admit Attempted Cartel Conduct

Two of Australia’s biggest banks have agreed to pay a combined fine of 15 million Australian dollars (€10.5 million) after admitting to attempted cartel conduct aimed at rigging the benchmark rate for the Malaysian ringgit, the Irish Times reported. ...

Daily Headline - global.abi.org - 11/27/2016 - 18:13 - 0 comments

Arrium's Moly-Cop Sold For $1.23 Billion To Private Equity Firm

Insolvent Australian industrial group Arrium Ltd's U.S. based Moly-Cop division has been sold to private equity firm American Industrial Partners for $1.23 billion, two sources close to the deal said, ending a drawn out sale process, Reuters reporte ...

Daily Headline - global.abi.org - 11/03/2016 - 20:34 - 0 comments

Australia Flags China’s Debt Mountain As Risk To Stability

China’s growing debt mountain poses a risk to Australia’s financial stability, a senior politician has warned, just weeks after the continent celebrated a quarter century of growth without a recession. China is Australia’s largest trading partner, accoun ...

Daily Headline - global.abi.org - 10/31/2016 - 18:43 - 0 comments

Australia Flags China’s Debt Mountain As Risk To Stability

China’s growing debt mountain poses a risk to Australia’s financial stability, a senior politician has warned, just weeks after the continent celebrated a quarter century of growth without a recession. China is Australia’s largest trading partner, accoun ...

Daily Headline - global.abi.org - 10/30/2016 - 17:10 - 0 comments

Wynyard Group In Voluntary Administration

Software company Wynyard Group has been put in voluntary administration. KordaMentha partners Neale Jackson and Grant Graham have been appointed administrators of the company, which creates security software for use by companies and law enforcement agenc ...

Daily Headline - global.abi.org - 10/24/2016 - 20:33 - 0 comments

Student Loan Borrowers Seeking Bankruptcy As Millions In Debts Wiped Due To Insolvency

Overseas graduates declaring themselves penniless are among the 483 debtors whose $18 million in students loans have been wiped by bankruptcies, Stuff.co.nz reported. Inland Revenue has revealed the latest figures as the amount owed by student loan defau ...

Daily Headline - global.abi.org - 10/02/2016 - 23:38 - 0 comments

Australia Celebrates 25 Years Since Last Recession

Australia marked 25 years without a recession in the second quarter, another step closer to the Dutch record for the longest developed-economy expansion of recent decades, The Wall Street Journal reported. The economy grew 0.5% in the second quarter from the first and by 3.3% from a year earlier—the ...

Daily Headline - global.abi.org - 09/07/2016 - 20:50 - 0 comments

Clive Palmer Fell Out With Queensland Nickel Administrators When Jet Seized, Court Told

A breakdown in Clive Palmer’s relationship with administrators of his Queensland Nickel business was evident around the time a dispute flared over a private jet, the company’s former financial chief has told the federal court, The Guardian reported. ...

Daily Headline - global.abi.org - 09/06/2016 - 22:01 - 0 comments

Plan To Regulate Insolvency Sector Welcomed

A plan to regulate the insolvency sector and shut down unscrupulous operators is being welcomed by an industry body, Radio New Zealand reported. The government has released the first part of a review into insolvency laws, which recommends licensing for p ...

Daily Headline - global.abi.org - 09/01/2016 - 22:53 - 0 comments

Insolvency Practitioners Face New Licensing Regime

New Zealand's insolvency practitioners look likely to face a new licensing regime after a report to Commerce Minister Paul Goldsmith found that gaps in existing rules enable dishonesty and incompetence, The New Zealand Herald reported. The publi ...

Daily Headline - global.abi.org - 08/25/2016 - 22:57 - 0 comments

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