A Brazilian court has approved the reorganisation of the debt of Shree Renuka Sugars ‘ subsidiary in the country. The recast slashes Renuka Vale do lvai’s debt by Rs 168 crore, the company’s management said. While the plan to restructure the debt was approved by creditors on June 6, the court order came on Tuesday,…
Customers are to be given more reminders over the end of promotional periods and more ability to choose payment dates, following a study of the market by the Financial Conduct Authority (FCA). The watchdog set out the measures in the hope consumers will get a better deal and pay less for debts. More rules are…
Chinas national team is getting bigger. After stepping into the currency and equity markets repeatedly over the past year to stem declines, government-linked entities are now spurring capital inflows by raising money offshore and bringing it home. Sales of dollar bonds by some of Chinas biggest state-run firms rose to a record $18.7 billion in…
Woolworths is cutting 500 jobs, closing 30 stores and looking to sell EziBuy as the struggling supermarket chain pushes ahead with a major restructure. The moves to make to supermarket chain more efficient will mean restructuring costs of $959 million to be recognised in the 2016 financial year results. CEO Brad Banducci says the turnaround…
How VET FEE-HELP debt went from costing taxpayers $325m to $3b Karen Andrews is the fourth vocational education minister in the past year. Photo: Alex Ellinghausen Former Labor treasurer Wayne Swan says no such unit existed when he was deputy to prime ministers Julia Gillard and Kevin Rudd. Photo: Stefan Postles Education Minister Simon Birmingham.…
How VET FEE-HELP debt went from costing taxpayers $325m to $3b Karen Andrews is the fourth vocational education minister in the past year. Photo: Alex Ellinghausen Former Labor treasurer Wayne Swan says no such unit existed when he was deputy to prime ministers Julia Gillard and Kevin Rudd. Photo: Stefan Postles Education Minister Simon Birmingham.…
July 22, 2016|12:52 pm To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity. Dear Chuck, My husband and I could really, really use some financial advice. We are both in our 20’s, have a baby, and have been…
The federal government was warned as early as 2012 that unscrupulous providers were rorting the vocational education loans scheme and that there were no safeguards to protect against the abuse of vulnerable students, blowing the scheme out from $325 million to $3 billion in less than three years. It was not until 2015 that the…
Financial watchdogs described the nations fiscal debt as alarming and warned structural problems must be addressed as it unveiled the state of Italy’s tax agencies. The IMF published a report this week titled Italy: Enhancing Governance and Effectiveness of the Fiscal Agencies, as part of the Funds Capacity Development function, which aims to help countries…
LAS VEGAS, July 21, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (OTCQB:DTII) (The Company), a developer of security technologies, announces debt restructuring and consolidation in preparations to move towards production. On July 18, 2016, the Company closed agreements to buy-out and restructure two convertible note holders (EMA and Crown Bridge) holding an aggregate of $130,000…