Oceania

Results for Oceania

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 - 21:50 - 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 - 23:01 - 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 - 23:53 - 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 - 23:57 - 0 comments

Mater Private’s €300 Million Debt Refinancing Led By Macquarie

The owners of the Mater Private hospital, who recently pulled a sale of the business for the second time in 14 months, have secured a €300 million refinancing deal led by Australian bank Macquarie. The Sydney-based bank’s Macquarie Lending unit in London ...

Daily Headline - global.abi.org - 08/22/2016 - 19:41 - 0 comments

Woolworths Tipped To Report Heavy Loss On Back Of Restructuring, Masters Exit

When Woolworths reports its full-year results on Thursday, expect to see a loss of about $1 billion, analysts say, after restructuring costs and its exit from the disastrous Masters hardware business, The Sydney Morning Herald reported. Credit Suisse ...

Daily Headline - global.abi.org - 08/22/2016 - 06:19 - 0 comments

Global Miner BHP Billiton Slumps To Record Loss

BHP Billiton reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on ... charges, underlying profit slumped 81 per cent to $1.2 billion for the year to June 2016 from $6.4 billion ... billion. Read more. (Australia) BHP Billiton reported a record $6.4 billion annual loss on ...

Daily Headline - global.abi.org - 08/16/2016 - 22:41 - 0 comments

ATO And ASIC Raid 13 Properties Linked To “Pre-Insolvency” Firms Allegedly Encouraging Phoenix Activity

The Australian Tax Office and the Australian Securities and Investments Commission have conducted raids on 13 businesses and residences across the country in a bid to crack down on “pre-insolvency” firms that advise clients on how to avoid tax, SmartComp ...

Daily Headline - global.abi.org - 08/14/2016 - 17:02 - 0 comments

Deloitte Under Microscope As Dick Smith Goes Into Liquidation

McGrathNicol could go after Dick Smith auditor Deloitte for potential breach of accounting standards after it was appointed as the liquidator of the collapsed electronic retailer, the Financial Review reported. UTS accounting professor Peter Wells sa ...

Daily Headline - global.abi.org - 07/25/2016 - 22:13 - 0 comments

Creditors Vote To Put Woosh Wireless Into Liquidation

Woosh Wireless' creditors, thought to be owed almost $13 million, have voted to put the troubled internet provider into liquidation, The New Zealand Herald reported. The business was founded in 1999 and has burned through more than $100 million ...

Daily Headline - global.abi.org - 07/05/2016 - 23:04 - 0 comments

Syndicate content