HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
As part of the broader economic legacy of President Obama, from jobs to the stock market, one of the most notable changes has been the increase in the national debt. Based on quarterly data released by the US Treasury, the debt at the end of 2008 just before Obama took office stood at roughly $10,699,805,000,000.…
MUMBAI: Innoventive Industries, the company that lost a case under the Insolvency and Bankruptcy Code, has moved the Bombay High Court questioning the constitutional validity of the law that allows banks to liquidate assets of a company whose debts are not recast within 180 days. ICICI Bank had filed a case at the National Company…
news Two key projects look likely to go ahead this year. Emily Smith HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once…
Debt management firms have been accused of pushing a form of insolvency aimed at the poor to an all-time high. New data released by a federal agency on Tuesday revealed that the number of Part IX debt agreements has risen for the 12th year in a row. Agreements under Part IX of the Bankruptcy Act are widely…
HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
UPDATED: Residential construction outfit Builton Group is closing its doors, becoming the second local homebuilder associated with Tim Guests Infinite Wealth to go bust in as many years. Business News understands Builton staff have been told not to come to work on Monday, with an announcement that the company has been placed into administration expected later…
Burswood-based builder Builton Group, which trades under the brands Platinum Homes and Aspireon Homes, seems poised to join the growing list of residential builders in Western Australia gone bust. New Home Building Brokers managing director Tristan Kirkham said he had been fielding calls from distressed staff members and contractors on Friday claiming Builton Group was going into administration. WA builder…
UPDATE 5PM: BY the end of the week, administrators expect to have a firmer grasp on the assets, jobs and debts tied up in the CQ Leagues Club. Worrells Solvency and Forensic Accountants were appointed administrators of the troubled club yesterday and issued a statement before noon. One of the administrators, Paul Nogueira, spoke with…
2017-01-19T18:39+02:00 18:39 19.01.2017 The National Bank of Ukraine (NBU) on January 19 declared Bank People’s Capital (Bank Narodny Kapital, Kyiv) insolvent, according to the central bank’s website. The central bank made relevant decree No. 34- RSh/BT due to the incompliance of the bank’s ownership structure with the requirements regarding transparency. According to the NBU, now…