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Showing 1021 - 1030 of 4888 results for "Debt"

Opposition in opposition: Labor responds

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... budget presented by the Coalition will mean a deeper and longer recession. "This budget will rack up a trillion dollars of debt but still doesn't do enough to create jobs, fails to build for the future and leaves too many Australians behind," Chalmers ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... revealed a record deficit of more than $213.7 billion which is expected to fall to $66.9 billion by 2023-24. Frydenberg said net debt will increase to $703 billion, or 36% of gross domestic product, this year. This will peak at $966 billion or 44% of ...

Will Janus Henderson and Invesco merge?

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... charts below). We would therefore expect cost synergies to be a key feature of any deal." Credit Suisse noted the level of debt used to fund the merger would be key, and a scrip-only offer could find it tough to deliver EPS accretion to Invesco. "The ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... improvements to net profits are likely to be limited in the next two years," Moody's said. Leverage at the group, measure by its debt to EBITDA, is also high, Moody's warned. "This is partly mitigated by its sizeable liquid resources that could be utilized ...

Court blocks bid to freeze Phil Kingston's assets

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
... questioning next month. China Insurance Finance Group Ltd commenced court proceedings on August 24, seeking repayment of a debt it says Kingston-related companies defaulted on. It asked for a freezing order against Kingston and an order requiring him ...

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... and February 2019. The breaches included non-compliance with a number of the code's important consumer protections, such as debt collection practices and the treatment of customers experiencing financial difficulty. The BCCC has the power to apply sanctions ...

ASX director retires

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... and a director of ASX Clear (Futures), the ASX clearing and settlement licensees for Australia's derivatives, OTC and debt markets. He will also remain a director of the exchange's intermediate holding companies, ASX Clearing Corporation and ...

Cbus appoints new investment leadership role

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
... a $1 billion tower in Melbourne slated to be completed by 2023. Cbus recently committed $950 million to equity raisings, debt financed and project financing in a move it said would assist Australia's economic recovery from COVID-19. It has also allocated ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... are more costly will face stricter obligations. The government has also introduced protection measures for consumers from debt management firms as they will have to obtain an Australian credit licence when they are being paid by consumers to represent ...

ASIC, IOSCO report on debt capital raisings

ALLY SELBY  |  THURSDAY, 24 SEP 2020
The corporate watchdog has released a report into its findings on debt capital raisings following two years of surveillance of market practices. ASIC's 668 Report noted that while a properly functioning debt capital market (DCM) is vital for the real ...