One of Australia’s largest private training colleges has collapsed, leaving 15,000 students in limbo and plunging 1000 staff into unemployment. The embattled Careers Australia was placed into voluntary administration late on Thursday – six weeks after it was stripped of federal funding due to dismal completion rates and aggressive recruitment practices. Classes have been suspended at the…
A Chinese national sports figures casino gambling debts are causing public embarrassment for Beijing, which is rarely a good idea for any public figure. A writ filed in a Hong Kong court last Friday accuses two-time Olympic gold medal tennis table player Kong Linghui of failing to repay a six-figure marker drawn on an account…
Vikas Dhoot NEW DELHI, May 29, 2017 21:30 IST Updated: May 29, 2017 21:32 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device =…
HONG KONG (Reuters) – Kong Linghui, one of China’s best-known table tennis players and now head coach of the country’s national women’s team, is facing a HK$2.55 million (254,686 pounds) lawsuit over a gambling debt to a luxury hotel in Singapore, according to a Hong Kong court writ. Singapore has become a playground for Asia’s…
Australia’s corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders. The federal government is expected to soon publish legislation it hopes will “reduce the stigma associated with business failure”, and one aspect of this will be an overhaul…
Taking on the chief executive role at Wesfarmers is akin to becoming the president of the People’s Republic of China. You can safely count on a 10-year tenure unless the peasants revolt. So maybe we shouldn’t pay too much attention to the news that Richard Branson‘s former lieutenant the flashy David Baxby is joining Wesfarmers…
Drake & Scull International (DSI), a regional engineering and services leader, said it has won approval from shareholders on the proposed capital restructuring programme which will see the company pursue a two-pronged strategy with additional capital reduction in the first phase and endorsement of Dh500 million ($136 million) capital increase in the second phase. The…
Drake & Scull International (DSI), a regional engineering and services leader, said it has won approval from shareholders on the proposed capital restructuring programme which will see the company pursue a two-pronged strategy with additional capital reduction in the first phase and endorsement of Dh500 million ($136 million) capital increase in the second…
10:54 29/05/2017 MOSCOW, May 29 (RAPSI) The Moscow Commercial Court had declared Pallada Asset Management, oldest management company in Russia, bankrupt, RAPSI learnt in the court on Monday. The company, founded in 1996, is an acting manager of retirement savings for a non-state pension fund (NPF) Mechel-Fund. The court has found that there are indications…
Murray Wilson/ Fairfax NZ. The Palmerston North City Council has stopped legal action to get liquidators removed from administering a property company. The Palmerston North City Council has abandoned plans to get liquidators booted from controlling a property company that is set to leave creditors more than $700,000 out of pocket. The issues relate to Farm…