The turmoil caused by Trump’s “Liberation Day” tariffs and heightened uncertainty about future government policy are expected to weaken US economic growth and raise inflation. This, coupled with the recent credit downgrade of US government debt by ratings agency Moody’s, is likely to put upward pressure on US interest rates, further increasing the servicing cost of US…
Wealthier students are set to benefit more from future plans to cut university debt levels than those on lower incomes, research has shown. Analysis into a federal government proposal to slash HECS debts by 20 per cent found more than half of the financial relief offered will go to the top third of earners. Meanwhile,…
Del Monte’s losses have piled up as consumers choose healthier or cheaper alternatives. Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as consumers in the United States increasingly bypass its products for healthier or cheaper options. Del Monte announced the bankruptcy filing late Tuesday.…
By NICK WILSON FOR DAILY MAIL AUSTRALIA Published: 13:19 AEST, 1 July 2025 | Updated: 13:53 AEST, 1 July 2025 An Aussie production company has collapsed owing $7.5million as an artist claims cast members threatened to pull out of shows over unpaid entitlements. David Venn Enterprises, responsible for major touring acts including Elvis: A Musical…
Controversial property developer Dean Franklin’s Formcrete Construction Ltd has gone into liquidation owing $7.5 million in spite of a Jack’s Point email to residents yesterday claiming the move was just “a strategic clean up.” Creditors included in today’s first liquidators report include the IRD (owed $2.449 million in GST and…
State Bank of India has classified Reliance Communications’ loan account as “fraud” and plans to report it to the Reserve Bank of India along with the name of former director Anil Ambani. | Image: X Reliance Communications Limited (RCOM) has officially disclosed that the State Bank of India (SBI) has decided to classify its loan…
In May, Wolfspeed announced that it faced economic uncertainty, also coupled with the US-American political situation, whose changing trade policies put the industry under strain. However, the financial situation had likely started going sour far earlier, as the company had also announced that it was putting its planned semiconductor factory together with ZF on hold…
Home Business Bad news for Anil Ambani as SBI flags Reliance Communications loan as…, he may have to… Reliance Communications which is under corporate insolvency resolution process is being managed by the Resolution Professional Anish Niranjan Nanavaty, since from June 2019. Bad news for Anil Ambani as SBI flags Reliance Communications loan as…, he…
New Delhi: The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as “fraud” in a case that dates back to August 2016. Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board of India (SEBI).…
Reliance Communications on Tuesday said that the State Bank of India (SBI) has classified its loan account as “fraud” and plans to report the company and its former director, Anil Ambani, to the Reserve Bank of India (RBI). In a stock exchange filing, the company stated that SBI has taken the decision in connection with…