Oceania

Results for Oceania

Australia's Aurizon in Talks to Buy Debt-Saddled Coal Port

Australian coal rail operator Aurizon Holdings said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt, the International New York Times reported on a Reuters story ...

Daily Headline - global.abi.org - 11/13/2017 - 23:20 - 0 comments

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

Global Asset Management Quarterly – issue 7

Welcome to the seventh edition of Global asset management quarterly. This publication highlights key developments that will be of interest to and affect our asset management clients, including market trends and developments in tax and buy-side regulation ...

Resource Article - twallace@abiwor... - 10/26/2017 - 12:57 - 0 comments - 0 attachments

ANZ Bank Full-Year Cash Profit Rises 18% as Bad Debts Fall

reported. Unaudited cash profit, which excludes one-time items, rose to A$6.94 billion ($5.3 billion) in the ... statement Thursday. That compares with the A$6.97 billion median estimate of 13 analysts surveyed by ... items, rose to A$6.94 billion ($5.3 billion) in the 12 months ended Sept. ...

Daily Headline - global.abi.org - 10/25/2017 - 22:41 - 0 comments

RBA Cautions Indebted Households Vulnerable to Rate Rises

Australia’s central bank has warned that household borrowing is a key risk to the country’s financial system as higher interest rates could see households struggle to repay their debt, the Financial Times reported. “Higher interest rates, or falls in ...

Daily Headline - global.abi.org - 10/12/2017 - 22:12 - 0 comments

International arbitration report

Welcome to issue 9 of Norton Rose Fulbright’s International arbitration report. In this issue, we feature the exciting topic of innovation and disruption in international arbitration. We review the procedural and technological advances that are, or soo ...

Resource Article - twallace@abiwor... - 10/10/2017 - 10:29 - 0 comments - 0 attachments

Receivers Sue Arup for $2 Billion After Brisbane Toll Road Fails

Arup, the London-based global engineering company, is being sued in Australia for $2bn by the receivers of a Brisbane toll road that failed because its traffic forecasts proved optimistic, the Financial Times reported. BrisConnections, the company th ...

Daily Headline - global.abi.org - 10/03/2017 - 16:41 - 0 comments

New Zealand Unit of Topshop Placed in Receivership

The New Zealand arm of British fashion retailer Topshop said on Thursday that it had been placed in receivership, just two years after the brand arrived in the country, the International New York Times reported on a Reuters story. Top Retail Limited, ...

Daily Headline - global.abi.org - 09/07/2017 - 21:56 - 0 comments

CBS to Buy Australian Broadcaster Ten Network

U.S. media company CBS Corp. plans to acquire Australian broadcaster Ten Network Holdings Ltd., beating out a bid from Australian media moguls Bruce Gordon and Lachlan Murdoch for the company after it went into receivership, The Wall Street Journal r ...

Daily Headline - global.abi.org - 08/28/2017 - 21:17 - 0 comments

Paladin Energy Crashes, Files For Insolvency

Paladin Energy, operators of Kayelekela Uranaium Mine in Karonga Malawi and Langer Heinrich in Namibia has filed for insolvency at the Australian high court after the company failed to pay a debt of USD277 million to a France based company called Electri ...

Daily Headline - global.abi.org - 08/21/2017 - 20:40 - 0 comments

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