Results for Australia
- Australia Sees Grimmer Economic Outlook as Debt Row Simmers
Australia's Treasury painted a grimmer growth outlook for the US$1.5 trillion economy, as the new conservative government searched for support to end a political impasse over the country's debt ceiling, The Wall Street Journal reported. Aus ...
Daily Headline - global.abi.org - 11/20/2013 - 23:07 - 0 comments
- ALP Warned On Insolvency
Former Labor leaders Kevin Rudd and Julia Gillard have landed the party in dangerous new financial territory, with individual members warned ahead of this year's election that they would be held personally responsible if the party traded while insol ...
Daily Headline - global.abi.org - 11/11/2013 - 21:11 - 0 comments
- Wagamama Shuts Southbank Restaurant As Administrators Take Over
Japanese restaurant chain Wagamama has gone into voluntary administration, and its Southbank venue in Melbourne has been shut down, The Age reported. Administrator KPMG took control of the business on Tuesday. Staff at the restaurant chain received n ...
Daily Headline - global.abi.org - 11/04/2013 - 22:17 - 0 comments
- Snowgum Goes Into Voluntary Administration
Adventurewear retailer Snowgum have lurched into voluntary administration following a dispute over rent with a landlord of one of its shops in the face of a general downturn in consumer confidence and tough times in the retail sector, BusinessDay rep ...
Daily Headline - global.abi.org - 10/27/2013 - 21:58 - 0 comments
- Small Firms Are The Hardest Hit By Insolvency
Small and medium-sized companies continue to dominate insolvency statistics, with 80 per cent of failed businesses having fewer than 20 employees and less than $100,000 in assets, the Herald Sun reported. Creditors to these companies were also big lo ...
Daily Headline - global.abi.org - 10/17/2013 - 19:24 - 0 comments
- Australian Jobless Rate Falls, Masks Weak Job Market
The number of people seeking work in Australia fell to a seven-year low, signaling disillusionment with the shrinking opportunities in a resource-rich economy strained by a sharp slowdown in mining investment, The Wall Street Journal reported. Declin ...
Daily Headline - global.abi.org - 10/10/2013 - 21:18 - 0 comments
- Redbank Power Station In Receivership
Redbank Power Station, the 151-megawatt coal-fired power station in New South Wales' Hunter Valley, has gone into receivership after negotiations on restructuring its $192.7 million of debt broke down as Redbank’s cash flow couldn’t meet its credito ...
Daily Headline - global.abi.org - 10/07/2013 - 22:24 - 0 comments
- Australian Retirees Hit Hardest By Global Financial Crisis
An international study of retirees shows Australians have been the hardest hit by the global financial crisis. The report by HSBC shows the crisis has caused the biggest drop in incomes for Australians entering retirement among the 15 countries surveyed. ...
Daily Headline - global.abi.org - 09/18/2013 - 21:22 - 0 comments
- Sydney's Cross City Tunnel Enters Voluntary Administration
The owners of Sydney's Cross City Tunnel are blaming the New South Wales Government for the company having to be placed in voluntary administration, ABC News reported. Cross City Motorway, which is owned by the Royal Bank of Scotland, EISER Infrastr ...
Daily Headline - global.abi.org - 09/15/2013 - 20:08 - 0 comments
- Australian Employers Unexpectedly Cut Payrolls in August
Australian employers unexpectedly cut payrolls in August as weaker demand discouraged hiring, underscoring the challenge for Prime Minister-elect Tony Abbott to boost the nation’s economy. The local currency declined. The number of people employed fell b ...
Daily Headline - global.abi.org - 09/11/2013 - 21:34 - 0 comments