Results for Oceania
- Australian-Owned Iron Ore Mine In Norway Files For Bankruptcy
The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy on Wednesday as its $100 million debt has become unsustainable, Northern Iron told a new conference on Wednesday. Attempts to find new investors for the Sydvar ...
Daily Headline - global.abi.org - 11/18/2015 - 22:48 - 0 comments
- Australia Consumer Confidence Sags as Mortgage Rates Rise
Higher mortgage rates for millions of homeowners are shaking consumer confidence and raising the likelihood that Australia’s central bank will cut rates before the end of the year to help stave off a recession, The Wall Street Journal reported. The c ...
Daily Headline - global.abi.org - 10/27/2015 - 20:44 - 0 comments
- Solid Energy Creditors Agreement Challenged By Cargill International
State owned miner Solid Energy faces a court action to cancel its scheme to repay creditors, Stuff.co.nz reported. Cargill International has filed in the High Court for termination of Solid's Energy's scheme to pay back trading creditors, banks ...
Daily Headline - global.abi.org - 10/14/2015 - 21:55 - 0 comments
- ASX-Listed Health Service Provider Collapses Into Voluntary Administration
to raise between $3-3.6 million by opening half a dozen new clinics, although ASX records show this ...
Daily Headline - global.abi.org - 10/08/2015 - 21:26 - 0 comments
- Yatango Mobile Startup Division Collapses Into Voluntary Administration
The mobile division of consumer data startup Yatango has entered voluntary administration. According to records from the Australian Securities and Investments Commission, Yatango Mobile (Australia) entered voluntary administration on September 29. Hugh A ...
Daily Headline - global.abi.org - 10/01/2015 - 22:10 - 0 comments
- Payday Lender's Licence Suspended Due To Insolvency
trading. Last year, the administrator agreed to repay nearly $1 million to 6,650 customers who paid ...
Daily Headline - global.abi.org - 09/21/2015 - 21:35 - 0 comments
- WDS In Receivership Stokes Fears For Workers
Loss-making Fortitude Valley-based energy and mining contractor WDS has gone into receivership, The Australian reported. The appointment by WDS’s major secured creditor, GE Commercial, of Quentin Olde and John Park from FTI Consulting as receivers an ...
Daily Headline - global.abi.org - 09/03/2015 - 22:34 - 0 comments
- Quickflix Suspends ASX Trading As Troubled SVOD Player Looks To Avoid Insolvency
a $0.001 giving the company a market capitalisation of just $2.2m. The announcement also said ...
Daily Headline - global.abi.org - 08/31/2015 - 19:13 - 0 comments
- Call To Extend Directors’ Safe Harbour To Insolvency
With Australia on the cusp of a “looming liquidity crisis’’, corporate turnaround specialists have urged so-called safe harbour laws to protect directors and their advisers in informal corporate restructurings, The Australian reported. While the prop ...
Daily Headline - global.abi.org - 08/30/2015 - 15:52 - 0 comments
- Landcorp Result 'Disappointing', But It's No Solid Energy
State owned enterprise minister Todd McClay says Landcorp won't turn a profit for "the next few years" and is again foreshadowing land sales, Stuff.co.nz reported. Record low dairy prices saw profits plunge by $25m, Landcorp said Thursday. ...
Daily Headline - global.abi.org - 08/27/2015 - 20:40 - 0 comments