Results for Australia
- 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
- 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 shale, a dam disaster in Brazil and a commodities slump, but said it expects its free cash flow to more than double this year. “While commodity prices are expect ...
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
- Australian Election Losers Could Include Triple-A Rating
Australia could lose its rare triple-A credit rating after a tight general election raised questions about the next government’s ability to curb spending and bring down debt, The Wall Street Journal reported. The election remains too close to call, b ...
Daily Headline - global.abi.org - 07/04/2016 - 22:49 - 0 comments
- Defending unfair preference claims: set-off and security revisited
In brief: A recent Federal Court decision has highlighted two grounds on which creditors should consider defending unfair preference claims which are brought by liquidators. Partner Chris Prestwich (view CV) and Lawyer Tim Chiang look at a case that deal ...
Resource Article - twallace@abiwor... - 06/28/2016 - 15:28 - 0 comments - 0 attachments
- International arbitration report
Welcome to issue 6 of Norton Rose Fulbright’s International arbitration report. In this issue, we provide an overview of the investment provisions of the Trans-Pacific Partnership, including its dispute settlement mechanisms, and discuss the early da ...
Resource Article - twallace@abiwor... - 06/28/2016 - 15:23 - 0 comments - 0 attachments