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(Bloomberg) — US market turmoil triggered by tariffs and a slowing economic outlook is boosting the appeal of Chinese corporate debt that less than six months ago was considered uninvestable by some credit managers.
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“There’s been a lot more focus on China,” Winnie Cisar, global head of strategy at CreditSights, said on the Credit Edge podcast this week. “The US seems to be sneezing an awful lot lately and the rest of the world is saying: Well how do we mask up and try to defend ourselves against this?”
US high-yield credit markets led the world in performance in the month after Donald Trump’s November presidential election victory, which fueled high hopes of economic stimulus and…
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Genetic Technologies Executes Deed of Company Arrangement Amid Voluntary Administration MSN
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Australians earning the national average income will get a tax cut of more than $1,600 from 2026 onwards, according to the latest federal budget.
The new round of “modest” tax cuts form part of a slew of cost-of-living measures announced by the Treasury.
Treasurer Jim Chalmers said “families of middle Australia” would receive the most, with an average household receiving a combined benefit of “more than $15,000” over the next four years.
“We’re delivering energy bill relief to every household, even cheaper medicines, historic investments in Medicare, higher wages and a fairer go for consumers,”
he said.
Here’s what that may mean for you.
Extra tax cuts of more than $2,000 for average-income earners
The additional tax cuts…
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The Government has announced modest tax cuts for every Australian in a pre-Election Budget focused on assuaging voters with cost-of-living relief at a time of rising global uncertainty.
But Treasurer Jim Chalmers also handed down books that have entered the red with a $42.1b deficit and debt projected to exceed $1 trillion in the 2025-26 financial year.
On the eve of the Federal Election, the Government will be counting on voters overlooking forecasts of a decade of deficits by adding $17b in tax cuts to already announced sweeteners that include $1.8b in energy bill relief, a beefy 8.5b fund to expand Medicare bulk-billing and more affordable housing.
The plan, against a backdrop of global turmoil from ongoing conflict in the Middle East…
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Maciej Rozanski, who was 42, had been working to remove a redundant steel cleaning machine from the company’s Sovereign Works site on Deepdale Lane, Dudley, on 29th June 2018. However, during the work, Rozanski stepped onto a fragile roof and fell more than 20 feet to the floor below. He suffered serious injuries and was pronounced dead at the scene.
Surface Technik (Old Hill) Limited, which is now in liquidation, was found guilty following a trial last week. Operations manager Robert Hammond had already entered a guilty plea, but disputed he was responsible for health and safety at the site.
The prosecution was brought following an…
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Television personality and former SAS: Who Dares Wins instructor Ant Middleton and his wife have been banned as a company director. His company, Sway and Starting Limited, failed to pay more than £1 million in taxes. His wife, Emilie Middleton, has also been disqualified as a director for four years.
The couple’s disqualification follows an investigation by the Insolvency Service. Authorities found that the company failed to pay over £800,000 in corporation tax and more than £300,000 in VAT. The company entered liquidation in December 2022.
Figure 1: Ant Middleton and his wife banned after failing to pay over £1 Million in Taxes
Company Owed Over £1 Million in Unpaid Taxes
Sway and Starting…
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A Total Of 5,272 Youths Declared Bankrupt Since 2020 BERNAMA
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Pandemic shake-out claims another top Perth builder The West Australian
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23andMe says customer data ‘remains protected’ as it seeks new ownership. Photo: Shutterstock
DNA testing company 23andMe has filed for bankruptcy and is seeking new ownership after its CEO resigned following multiple failed takeover attempts.
The US-based firm, which has used saliva samples to identify more than 15 million customers’ ancestry and potential predispositions to health issues, cut around 40 per cent of its workforce last year and has seen weakening demand since a 2023 data breach.
Customers have been told their personal data “remains protected” as the company seeks a buyer for a court-supervised sale.
Company chair Mark Jensen said 23andMe was “committed to continuing to safeguard customer data and…
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Insolvencies in England and Wales have increased, according to recent statistics.
The Insolvency Service revealed that corporate and personal insolvencies rose by 2.9 per cent and 4.1 per cent respectively in February compared to January.
Kelly Jordan, North East chair of R3, the UK’s insolvency and restructuring trade body, said: “The monthly increase in corporate insolvencies is driven by a rise in compulsory liquidations, which are at their highest level in more than five years.”
She explained that compulsory liquidations are often initiated by HM Revenue and Customs or local authorities as a last resort.
The increase indicates a toughening stance towards debts owed by companies to the public sector.
Ms Jordan said: “A number of…
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