Travell Thomas, 38, admitted masterminding $31m debt collection scam Top card player burst into tears as he apologized in court on Tuesday He pleaded guilty to running a company which threatened thousands Debt collectors would force victims to pay inflated debts, court heard By Jenny Awford for MailOnline Published: 03:48 +11:00, 3 November 2016 |…
Nov 3, 2016 6:44 AM [SYDNEY] ANZ Bank posted a 24 per cent drop in annual net profits Thursday on the back of restructuring costs as it aims to become “more agile” with less emphasis on Asia. The Australia and New Zealand Banking Group’s result for the year to September 30 came in at A$5.7…
Updated Nov. 2, 2016 7:24 p.m. ET Marvell Technology Group Ltd. said it plans to eliminate 900 jobs as part of a restructuring designed to narrow the chip makers focus on more profitable businesses. The company didnt provide a percentage, but its prior disclosure of 5,437 employees as of Jan. 30 suggests that more than…
After weeks in the wilderness, contractors and suppliers affected by the collapse of Home Australia are hoping for answers. Key points: Creditors’ meetings are being held to discuss financial situation of each Home Australia subsidiary Home Australia’s subsidiaries owe a total $37.7 million Those left out of pocket by the company’s collapse say they…
ANZ Bank is considering selling off key parts of its wealth management business after it launched a strategic overview of the business because of disappointing returns. Announcing an 18 per cent fall in profit to $5.9 billion, due to one-off charges that had previously been flagged, it said the wealth review kicked off earlier this year had found…
A rural farm-based restaurant in Pudong New Area was reported to operate gambling activities in its basement. On October 9, a gambler contacted local police claiming that he had lost his savings and was in debt after gambling at the site for one month, the Metro Express reported. The police quickly carried out measures to…
The Wall Street Journal is changing the formatting of its print edition, combining sections and reducing the size of some coverage areas, The Journal itself reported Wednesday. The Journal will cut some of its coverage of arts, culture, and local news, but will have about the same amount of space for business and finance. There…
Post Newspapers Editor in Chief Fred Mmembe has come out of the woods to hit back at the High Court notice for the liquidation of the publication. Mmembe labelled the process corrupt and also said the employees in whose name the court action was taken left the company on their own accord without making any…
The Wall Street Journal is changing the formatting of its print edition, combining sections and reducing the size of some coverage areas, The Journal itself reported Wednesday. The Journal will cut some of its coverage of arts, culture, and local news, but will have about the same amount of space for business and finance. There…
Ever since the U.S. Federal Reserve raised interest rates by 0.25% in the long-awaited lift-off of December 2015, financial markets have been fixated on the timing of the central banks next increase, micro-analyzing policy makers comments that are difficult to interpret amid shifting economic signals. Meanwhile, the economic hardships caused by seven ye… Read the…