Theres a horse named inflation. This horse is flat on its stomach, with legs spreadeagle. Every three days for the past nine years, one of the worlds central bankers dresses up as a jockey. They mount the horse and flog it with the whip marked lower interest rates. On Tuesday, our resident jockey, Glenn Stevens,…
UPDATE: A SOBBING woman collapsed to the floor outside Brisbane District Court after a jury convicted former Kleenmaid director Bradley Wendell Young of fraud and insolvent trading. The jury returned verdicts after almost four hours, following an 18-week trial. Young was found guilty of one offence of fraud and 17 counts of insolvent trading. He…
UPDATE: A SOBBING woman collapsed to the floor outside Brisbane District Court after a jury convicted former Kleenmaid director Bradley Wendell Young of fraud and insolvent trading. The jury returned verdicts after almost four hours, following an 18-week trial. Young was found guilty of one offence of fraud and 17 counts of insolvent trading. He…
JURORS in the Kleenmaid fraud trial have begun deliberations. Former Kleenmaid director Bradley Wendell Young, 44, pleaded not guilty in Brisbane District Court in April to defrauding Westpac through a $13-million loan and operating the Sunshine Coast based whitegoods company while it was insolvent. At 12.06pm today, the jury began working through the one fraud…
A company has gone into liquidation leaving behind tens of thousands of tonnes of hazardous material, raising questions about who is responsible for it. Tiwai Point smelter Photo: Wiki Commons The material, Ouvea Premix – a type of fertiliser – comes from dross from Tiwai Point Aluminium Smelter. Aluminium dross is a hazardous material which…
05 August 2016 Lara Bullock View Comments Hunt & Hunt Tasmania has closed its doors, with its lawyers being snapped up by two national firms both establishing Hobart offices. …
Charlie Nicholas company has gone bust after failing to settle unpaid debts. The former Celtic players firm, Claremont Media Promotions, has been placed into liquidation following a court order. Charlie Nicholas in action for Celtic in 1992. Picture: TSPL The move comes after Glasgow Sheriff Court heard an application for a liquidator to be…
LAS VEGAS, Aug. 04, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (DTII) (The Company), a developer of Security and Defense Technologies, announces the completion of debt restructuring and consolidation in preparations to move towards production. On August 01, 2016, the Company closed agreements to buy-out and restructure the third convertible note holder (St. Georges of…
A company connected with Tiwai Point aluminium smelter has gone into liquidation. Tiwai Point Photo: Wiki Commons Taha Asia Pacific had a contract with New Zealand Aluminium Smelters to take dross syphoned off from the main smelting operation. It would then re-process it to extract more aluminium for recycling at the main plant. The company…
MANILA, Philippines Payment of claims of shuttered Prudentialife Plans Inc. will continue after the Insurance Commission (IC) scored a win against the company at the Supreme Court four years after it was put under receivership. “The Court resolves to deny the petition for failure of petitioners to sufficiently show that the Court of Appeals committed…