Oceania

Results for Oceania

New Framework For Sovereign Defaults

A group representing more than 400 of the world’s largest banks, investors and debt issuers has agreed a plan for dealing with financially stricken countries and their creditors, in a bid to prevent a repeat of the wrangling that has pushed Argentina int ...

Daily Headline - global.abi.org - 08/28/2014 - 21:36 - 0 comments

Qantas Posts Record Loss As Restructuring Costs Bite

Qantas Airways Ltd reported its biggest ever financial loss on Thursday after writing a hefty A$2.6 billion (1.45 billion pounds) off the value of its fleet due to a company restructure, Reuters ... financial loss on Thursday after writing a hefty A$2.6 billion (1.45 billion pounds) off the value of its ...

Daily Headline - global.abi.org - 08/27/2014 - 21:42 - 0 comments

Boss Of Failed Air Australia Returns To Travel Industry

The boss of failed airline Air Australia has returned to the travel sector in a senior management role despite being banned by the corporate regulator over conduct that critics claimed wreaked "havoc" in the industry, The Sydney Morning Heral ...

Daily Headline - global.abi.org - 08/24/2014 - 18:42 - 0 comments

Australian Unemployment Hits 12-Year High

Financial Times reported today. The seasonally adjusted unemployment rate unexpectedly jumped to 6.4 percent in July, from 6 per cent in June, reflecting an increase in the number of people looking for work ...

Daily Headline - abi_admin - 08/07/2014 - 14:07 - 0 comments

Chapter 11 again mooted as an option for Australia's insolvency regime

A Senate Committee has said amendments to Australia's corporate insolvency laws should be considered to encourage and facilitate corporate turnarounds. The Senate Economics References Committee called for a review of Australia's corporate ins ...

Resource Article - abi_admin - 07/22/2014 - 13:08 - 0 comments - 1 attachment

Tough Times In Building Trades Won't End Soon, Experts Say

An estimated 114 building and construction-related companies have gone to the wall in Canberra since the start of last year, leaving behind more than $80 million in debts, Australian Securities and Investments Commission data has revealed, The Canberra ...

Daily Headline - global.abi.org - 07/21/2014 - 18:49 - 0 comments

Sherwin Goes Into Voluntary Administration

Junior iron-ore company Sherwin Iron went into a trading halt on Friday as the company entered voluntary administration after failing to secure financing, Mining Weekly reported. Sherwin had previously warned shareholders of the need to secure capita ...

Daily Headline - global.abi.org - 07/13/2014 - 23:13 - 0 comments

Crazy Clarks Owner Back In Receivership

Kathmandu founder Jan Cameron’s chain of discount ­retail stores has fallen into receivership for the third time in five years, putting more than 2500 jobs at risk, The Australian reported. Control of DSG Holdings Australia, the company behind discou ...

Daily Headline - global.abi.org - 07/01/2014 - 23:41 - 0 comments

An Australian Chapter 11? Rethink On US-Style Insolvency

Australia’s insolvency laws, and the question of whether it is time to reconsider a chapter 11 style, have inadvertently been put back on the agenda by the Commonwealth Bank of Australia’s rogue financial planning scandal, Financial Review reported. ...

Daily Headline - global.abi.org - 06/30/2014 - 22:12 - 0 comments

IMF Sounds Global Housing Alarm

The world must act to contain the risk of another devastating housing crash, the International Monetary Fund warned on Wednesday, as it published new data showing house prices are well above their historical average in many countries, the Financial Tim ...

Daily Headline - global.abi.org - 06/11/2014 - 20:42 - 0 comments

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