Leading economists have expressed unease about a budget change that would allow the government to all but eliminate the deficit within two years while borrowing to help build projects including a rail link to Sydney’s second airport and a rail line from Melbourne to Brisbane. The change, unveiled by Treasurer Scott Morrison on Thursday, will prioritise a…
Diploma Groups main construction arm may have been insolvent for at least 11 months before the builder-developers $60 million collapse, according to administrators. Accounting firm Grant Thornton is recommending Diplomas creditors vote to liquidate the group and two subsidiaries instead of backing a rescue plan of controlling shareholders the Di Latte family. Diploma was put…
A year after announcing a massive company restructuring program, Intel CEO Brian Krzanich said the company is “reaching milestones in transforming from a PC company to one that powers the cloud and billions of connected devices.” “We’re off to a good start in executing against our priorities,” said Krzanich during an earnings call Thursday for…
Share this story: JOSHUA LEVI SOUTH Head Synagogues board has appointed a voluntary administrator, Rabbi Benzion Mileckis contract has been terminated and three members have loaned the shul $500,000 to ensure the bank cant sell the property. Shul president James Hochroth informed members on Thursday night that the administrator has terminated Rabbi Milecki, who has…
U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Trump issued a Twitter blast aimed at efforts to help the island cover its Medicaid costs an issue…
Larry Page, CEO and Co-founder of Alphabet, participates in a conversation with Fortune editor Alan Murray at the 2015 Fortune Global Forum in San Francisco Thomson Reuters (Reuters) – Alphabet Chief Executive Larry Page said on Thursday the holding company structure for search unit Google and a host of new businesses is working well. As…
European Commission President Jean-Claude Juncker urged euro zone countries to draw up more debt relief measures for Greece next month, saying Athens needed help after making huge progress in its economic reforms.Euro zone finance ministers will meet in Brussels on May 22 to discuss progress made in talks to conclude Greeces crucial bailout review which…
SAN JUAN, Puerto Rico (AP) U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Trump issued a Twitter blast aimed at efforts to help the island cover…
The Turnbull government will help fund inland rail and is almost certain to build, own and operate the $6 billion second Sydney airport, after Treasurer Scott Morrison paved the way for an infrastructure splurge by changing the way debt will be classified in the budget. Prime Minister Malcolm Turnbull all but confirmed that so-called “good…
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