Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 161 - 170 of 254 results for "Bankrupt"

Good For China

BENJAMIN ONG  |  THURSDAY, 14 JAN 2010
China is proving true to the words uttered by US President John F. Kennedy half a century earlier. In a speech in Indianapolis delivered on 12 April 1959, JFK said that, "When written in Chinese the word crisis is composed of two characters. One represents ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 13 JAN 2010
The Australian market has received negative leads from overseas, with Wall Street indices lower, along with precious and base metals and oil. At 0830 AEDT on the Sydney Futures Exchange, the March share price index contract was 50 points lower at 4,841. ...

Mahogany enters voluntary administration

COMPANY RELEASE  |  WEDNESDAY, 16 DEC 2009
Mahogany Capital has appointed Christopher Hill and Marcus Ayres of PPB as voluntary administrators to the firm. According to an ASX statement released on Tuesday, the announcement follows Perpetual removing over $1.5 million from Mahogany's bank accounts ...

Dubai games

BENJAMIN ONG  |  TUESDAY, 15 DEC 2009
Cheque's in the mail! This was what Abu Dhabi told Dubai's creditors after making them sweat for almost three weeks. Financial markets cheered. And to borrow Bloomberg's headline, "Stocks Rise, Default Swaps, Dollar Drop Following Dubai Bailout". Maybe ...

Zurich to roll out climate change training

MICHELLE BALTAZAR  |  THURSDAY, 10 DEC 2009
... by consultancy Climate Risk, that takes a no-nonsense look at how a business can potentially lose money or risk going bankrupt if they don't account for extreme weather disruptions. Dr. Karl Mallon, director of Science and Systems at Climate Risk, said ...

The Art of War

BENJAMIN ONG  |  THURSDAY, 19 NOV 2009
... securities with the knowledge that their value would collapse. I could only surmise that if this is true, the aim would be to bankrupt China so it no longer presents a threat to the US. But upon reading this, I could not help but conjure a conspiracy ...

Perpetual close to recovering $125m for Mahogany

COMPANY RELEASE  |  MONDAY, 9 NOV 2009
Perpetual Trustees came a step closer to recovering the $125 million frozen from Mahogany Capital noteholders since the collapse of Lehman Brothers, following its second successful court ruling in the United Kingdom last week. Perpetual (PTCo) commenced ...

Aussie dollar rises to restore equilibrium

BENJAMIN ONG  |  TUESDAY, 8 SEP 2009
Proceed at your own risk. Forecasting in quiet times is difficult. Forecasting during periods of uncertainty is even more difficult. Forecasting currency movements during periods of uncertainty is well...a mug's game. The recent surge in the Australian ...

Treading on treacherous territory

BENJAMIN ONG  |  TUESDAY, 1 SEP 2009
September is upon us! Yes, that single month of the year which historically has been statistically observed to be the cruellest for stock markets. Forget the "Great Crash" of October 1929 or "Black Monday" in October 1987, October's historical average ...

Neuberger Berman buys Lehman Bros

COMPANY RELEASE  |  MONDAY, 27 JUL 2009
Neuberger Berman has agreed to acquire the businesses of Lehman Brothers Trust Company, N.A. and Lehman Brothers Trust Company of Delaware. Neuberger Berman Group which has approximately $194 billion in assets under management as of June 30, 2009, announced ...