BlueScope Steel said stronger steel demand and higher prices have seen its half-year profit surge. Net profit rose by nearly 80 per cent to $359 million for the six months to the end of December compared to the first half of 2016. Sales revenue rose by 17 per cent to $5.1 billion. Before…
Money seems less real now we live in a cashless society, a finance expert says. A Tauranga family could lose everything after racking up $380,000 in debt. Tauranga Budget Advisory Service manager Diane Bruin said the couple may need to go to insolvency but “had they sought help much earlier it could have changed the…
Money seems less real now we live in a cashless society, a finance expert says. A Tauranga family could lose everything after racking up $380,000 in debt. Tauranga Budget Advisory Service manager Diane Bruin said the couple may need to go to insolvency but “had they sought help much earlier it could have changed the…
20 February 2017 Emma Ryan comments An Australian law firm has announced it has nabbed a new principal and head of insolvency and reconstruction from MinterEllison. Brian Ward & Partners has welcomed Ian Walker (pictured) to the…
Pikun Srimahunt, head of Siam Commercial Banks mortgage business division and small-business products, said the bank would put more emphasis on how to help small enterprises sustain their business. Although the domestic economy is likely to improve this year, global uncertainties surrounding new US trade policies and Chinese tourism might have indirect impacts on small…
A South Korean court declared Hanjin Shipping bankrupt on Friday, after ruling earlier this month that the firm’s liquidation value would be worth more than its value as a going concern. Hanjin Shipping, which had been the world’s seventh-largest container shipper, applied for court receivership in late August after its creditor banks halted further support.…
University debts another hurdle for struggling first home buyers. SHOULD I go to university or buy a house? Thats the distressing question the next generation of homebuyers may have to face. Its hard enough to save the deposit for a home in many Australian cities thanks to the Molotov Cocktail of skyrocketing house prices, low…
The axe finally fell on South Korea’s once-mighty Hanjin Shipping on Friday as a Seoul court declared it bankrupt after struggling for years under the weight of billions of dollars-worth of debt. Hanjin filed for bankruptcy protection in August owing $5.37 billion as creditors refused to bail it out, with dozens of its vessels stranded…