Payless Shoes insolvency slugs Vocus-owned Primus Telecom for $50000 – CRN Australia

Vocus-owned telecommunications provider Primus Telecoms is owed $51,000 by failed retailer Payless Shoes, which is being liquidated with the loss of up to 730 jobs. Phone and data provider Primus is not the only tech company facing a haircut from the insolvency  human resources software vendor HR3 is owed $29,000, solution provider Fusion5 Business Solutions…

Greece’s European creditors suspend debt relief measures – Daily Mail

By Associated Press Published: 04:35 +11:00, 15 December 2016 | Updated: 04:35 +11:00, 15 December 2016 e-mail ATHENS, Greece (AP) European creditors have pulled a recently announced debt relief package for Greece in protest at subsequent budget spending measures by Athens. Greek stocks fell sharply Wednesday and the government’s borrowing rates jumped higher as investors…

Greek shares tank as eurozone suspends debt relief – Bristol Herald Courier (press release) (blog)

ATHENS, Greece (AP) Greek shares have fallen sharply while the interest rates charged on Greek bonds jumped higher after the country’s European creditors pulled a debt relief package announced only last week in protest at subsequent budget measures by Athens. … Read the full article at: http://www.heraldcourier.com/workittricities/business_wire/greek-shares-tank-as-eurozone-suspends-debt-relief/article_4eee7508-66e7-575b-bdd3-7c594b1ef421.html

ASIC reports on corporate insolvencies – LeapRate

ASIC today published its annual overview of corporate insolvencies based on statutory reports lodged by external administrators for the 201516 financial year. Report 507 Insolvency statistics: External administrators reports (July 2015 to June 2016) is ASICs eighth report and provides information on the nature of corporate insolvencies, supplementing the monthly statistics that ASIC publishes on…