Sydney’s Star casino lost or destroyed two cheques totaling $7million it was given as security by a high-rolling Chinese gambler.
The casino admitted in the New South Wales Supreme Court the cheques lodged by Macau-based punter Wai Chong Wong had likely been accidentally shredded.
Mr Wong provided The Star with two cheq…
Read the full article at: http://www.dailymail.co.uk/news/article-5420709/Sydney-casino-loses-Chinese-gamblers-cheques-worth-7m.html
This press release was orginally distributed by SBWire
Philadelphia, PA — (SBWIRE) — 02/22/2018 — Credit card debt in America has reached epidemic levels, as more and more households take on debt to cover living expenses as wages fail to keep pace with rising rates of inflation.
According to a CNBC report, the average American household currently holds over $16,000 in credit card debt. This is the second highest reported average in history, falling just shy of the average credit card debt reported shortly after the financial crisis of 2008. The total amount of credit card debt owed by America is a whopping $747 billion.
Luckily, for those who have found themselves drowning in credit card debt, there is help available. Quality Credit Re…
Read the full article at: http://www.digitaljournal.com/pr/3669051
- Corporate restructuring expected to enable Achillion to focus on goal of advancing its clinical and late-stage preclinical portfolio while maintaining a strong balance sheet
- Joseph Truitt, Chief Operating Officer, promoted to President of Achillion
- Achillion seeking to generate additional datasets with ACH-4471 in both C3G and PNH programs in 2018
- Conference call scheduled for today at 8:30 a.m. EST
NEW HAVEN, Conn., Feb. 22, 2018 (GLOBE NEWSWIRE) — Achillion Pharmaceuticals, Inc. (Nasdaq:ACHN), a clinical stage biopharmaceutical company focused on developing inhibitors of the complement alternative pathway, today announced an operational restructuring plan that aims to focus the organization on advancing Achillions existing clinical …
Read the full article at: https://globenewswire.com/news-release/2018/02/22/1379702/0/en/Achillion-Announces-Restructuring-to-Advance-Corporate-Strategy-Announces-2017-Fourth-Quarter-and-Full-Year-Financial-Results.html
If youve ever been to the emergency room, you know the cost of a single visit can leave you feeling worse than before you got there. Medical debt is a huge problem — one in five Americans have it, Californians owe more than $400 million. Simply put, its the biggest cause of bankruptcy in the United States.
Thats why NBC4 has decided to do something about it.
It starts with our reporting.
The next step is a donation. NBC4 and the NBC Owned TV Stations are making a $150,000 donation to RIP Medical Debt. Theyre a charity that locates, buys and forgives medical debt across the US. Our donation will allow RIP Medial Debt to buy and forgive $15 Million in debt. It will help thousands across the country and more than tw…
Read the full article at: https://www.nbclosangeles.com/on-air/as-seen-on/NBC4-Medical-Debt-474158243.html
The Lex Column
Shrivelled commodity trader Noble Group insists that it will be able to survive and thrive just as soon as it restructures its debts and gains access to cheap trade finance. Both are now within reach. But heavy losses in 2017 should cast doubt on the merits of saving “new Noble”.
The Singapore-listed group’s plan to stave off insolvency involves a debt-for-equity swap that will halve its $US3.4bn outstanding senior debt and hand control over to creditors. The ultimate goal is to draw a line under the losses and write-offs, not to mention controversial sales and accounting techniques, of the last three years.
Securing a three-year $US700m trade finance facility from ING will he…
Read the full article at: http://www.afr.com/markets/its-business-as-abnormal-at-noble-group-20180220-h0wcq3
PAYDAY lending rules need to tighten to halt a growing financial epidemic, Hunter MP Joel Fitzgibbon says, with
The ease of taking out a pay day lender loan and a failure to take into account a persons ability to pay back the loan means financially vulnerable people are suffering, Mr Fitzgibbon said.
Those on very low incomes have little capacity to absorb financial shocks … one of the obvious options is a pay day loan.
A final report into the lending practice was released in March 2016. Mr Fitzgibbon said it was vital the government forged ahead with legislation.
The Minister has already said that the government supports the vast majority of the recommendations, in part or in full, so its time we saw some action to protect vulnerable Au…
Read the full article at: http://www.theherald.com.au/story/5245010/fitzgibbon-seeks-d-day-as-payday-loans-overwhelm-the-desperate/
The Insolvency Service said he is prevented from being involved, directly or indirectly, in the promotion, formation or management of a company for ten years from January 26, 2018.
Lane, of Prenton, …
Read the full article at: https://www.antiquestradegazette.com/news/2018/insolvency-service-investigation-leads-to-disqualification-of-football-sport-auctions-director/
Finance Minister Malusi Gigaba sent a strong message in his Wednesday budget that the Treasury is determined to stabilise growth in public debt and rein in the ballooning debt-to-GDP ratio.
Despite a revenue gap that will persist over the medium term, deep cuts in government expenditure are expected to narrow the consolidated budget deficit from 4.3% in 2017-18 to 3.5% in 2020-21. More importantly, growth in the gross debt-to-GDP ratio is projected to moderate, rising from 53.3% in 2017-18 to 56% in 2020-21.
These may seem like small victories, but when compared with the forecasts in the medium-term budget policy statement presented in October, where debt-to-GDP was forecast to grow steadil…
Read the full article at: https://www.businesslive.co.za/bd/economy/2018-02-22-keeping-a-lid-on-debt-to-gdp-ratio-will-help-assist-growth/
AAP and staff reporters | The West Australian
Another West Australian building company has suspended trading and operations due to financial viability problems a fortnight after one of the States biggest builders, Cooper & Oxley, went into administration.
BCL Group has issued a notice to its suppliers, creditors and subcontractors it has suspended trading while it undertakes a review of its financial position.
The builder specialises in civil landscape projects and has been awarded tenders on numerous state and local government projects, includin…
Read the full article at: https://thewest.com.au/business/construction/another-wa-builder-calls-trading-halt-ng-b88753291z