Here’s a lowdown on top macro triggers that may move market on Wednesday. This report was compiled from agency feeds. Credit Policy Today The Reserve Bank of India (RBI) is expected to have a hawkish tone when it unveils its last credit policy of the financial year as inflation and fear in the expansion in…
A NSW woman has told how she was harassed for years by debt collectors over her financially abusive husbands $15,000 credit card bill. The single mother, Sarah* from regional NSW, said she still remembers the first call she got out-of-the-blue from debt collection company Baycorp, which left her in tears. Sarah had finally broken free…
THE owner of embattled builder Cooper & Oxley has broken his silence, hitting back at claims subcontractors were mistreated and revealing the cause of the companys financial difficulties. Managing director George Hampel yesterday rejected claims the builder had used subcontractors as banks and owed them up to millions of dollars each. Cooper & Oxley is…
Leading Edge Computers member store, Coffs Computing Services, has been placed in liquidation owing $1.2 million to creditors. The company was registered with the Australian Securities and Investments Commission (ASIC) in March 2001 as Webtrap Pty Limited. David Michael Morgan and Morgan James Chubb from Clout & Associates were appointed liquidators on 8 January 2018. …
Provides Interim Access Up to $725 million in Debtor-In-Possession Financing Stores Open and E-Commerce and Mobile Platforms are Operating in Normal Course to Continue to Provide Exceptional Shopping Experiences for Customers MILWAUKEE, Feb. 06, 2018 (GLOBE NEWSWIRE) — The Bon-Ton Stores, Inc. (OTCQX:BONT) (the Company), today announced that the U.S. Bankruptcy Court for the District…
In a test case which impacts some 400 pending cases, the High Court has ruled that debtors have a right to directly engage in the review by the Court of a proposed Personal Insolvency Arrangement (PIA). Finding that the Personal Insolvency Acts 2012 to 2015 did not envisage that the Personal Insolvency Practitioner (PIP) was the sole voice to…
The owner of embattled builder Cooper & Oxley has broken his silence, hitting back at claims subcontractors were mistreated and revealing the cause of the companys financial difficulties. Managing director George Hampel yesterday rejected claims the builder had used subcontractors as banks and owed them up to millions of dollars each. Cooper & Oxley is…
Royal Bank of Scotland Unredacted FCA report allegedly states banks misconduct towards small firms was systemic RBS has said it would not prevent the release of the FCAs report into Global Restructuring Group. Photograph: Philip Toscano/PA Royal Bank of Scotland misled parliament over the extent of its mistreatment of struggling business customers, the shadow Treasury…
* ArcelorMittal to sell 29 pct stake to Uttam Galva founders * Stake sale at below market price, founding family member says * Deal seen driven by curb on associates of bank loan defaulters By Promit Mukherjee MUMBAI, Feb 6 (Reuters) – ArcelorMittal is set to sell its entire stake in Indias Uttam Galva Steels…
press trust of indiaNew Delhi, Feb 6: There is no plan to make Aadhaar mandatory for donors under the electoral bonds scheme, which is aimed at bringing transparency in funding of political parties, the government has informed the Lok Sabha. The government had notified the scheme on January 2. There is no proposal currently to…