Oceania

Austral Pacific Energy Ltd. agreed today with the group's senior secured creditor, Investec Bank (Australia) Limited, to the appointment of a receiver to Austral Pacific Energy Ltd., the publicly traded Canadian corporation, and two of its New Zeala ...

Daily Headline - global.abi.org - 04/30/2009 - 07:48 - 0 comments

Buyers interested in Timbercorp's assets are lining up for a bargain purchase after the agribusiness investment group was placed into voluntary administration, Stock Journal reported. And now the path could be open for investors to launch a clas ...

Daily Headline - global.abi.org - 04/30/2009 - 07:46 - 0 comments

A group of companies trading under the CEA banner--owning 20 mainly southern hotels and bars, and employing about 300 people--have been placed in the hands of receivers, The New Zealand Herald reported. Details issued about 5pm yesterday by the recei ...

Daily Headline - global.abi.org - 04/30/2009 - 07:45 - 0 comments

Australia and New Zealand Banking Group Ltd. reported a 28% fall in fiscal first-half net profit amid escalating charges for bad loans, The Wall Street Journal reported. The lender also warned Wednesday that the outlook for bad loans remains difficul ...

Daily Headline - global.abi.org - 04/29/2009 - 08:39 - 0 comments

One of New Zealand’s oldest brands is in the hands of receivers, The National Business Review reported. Clothing manufacturer Lane Walker Rudkin Industries is headquartered in Christchurch and employs hundreds of staff in New Zealand and Australia. I ...

Daily Headline - global.abi.org - 04/28/2009 - 07:54 - 0 comments

One of Australia's most extraordinary business stories of the past few decades is the spectacular rise and equally spectacular fall of the ABC Learning Group, analysis by The New Zealand Herald found. ABC began with one centre in Brisbane in 198 ...

Daily Headline - global.abi.org - 04/27/2009 - 07:56 - 0 comments

Australian tourism group Stella, which owns the Harvey World Travel and United Travel brands in New Zealand, has rejected a report in an Australian newspaper claiming the company is close to collapse, The New Zealand Herald reported. The Australian ...

Daily Headline - global.abi.org - 04/24/2009 - 07:29 - 0 comments

Listed Propertyfinance Group's principal subsidiary Propertyfinance Securities (PFS) has applied for a High Court injunction to temporarily halt its trustee Covenant Trustee Company from being able to appoint receivers, The New Zealand Herald re ...

Daily Headline - global.abi.org - 04/23/2009 - 07:34 - 0 comments

The Reserve Bank of Australia said the nation has joined its global peers in recession, but the long-term prospects for growth remain sound, Dow Jones Newswires reported. The statement by RBA Governor Glenn Stevens that Australia's economy is shrink ...

Daily Headline - global.abi.org - 04/22/2009 - 08:12 - 0 comments

The savings of about 5000 customers of New Zealand hamper company Mrs Christmas are in limbo after the business went into liquidation this morning, The National Business Review reported. In a shock move, Mrs Christmas withdrew its opposition to an ap ...

Daily Headline - global.abi.org - 04/22/2009 - 08:11 - 0 comments