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Showing 551 - 560 of 4886 results for "Debt"

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
ASIC is suing a debt management firm and its director after it found only 5% of customers achieved a debt reduction and some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... Australia's economic status, the government has been urged to liquidate the $250 billion Future Fund and pay down its $896 billion debt. According to a paper published by the Centre For Independent Studies, penned by Dimitri Burshtein, the sovereign ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... reducing pro forma gearing to below the midpoint of our target 25 to 40% target range and lowering exposure to floating rate debt, as well as improving overall portfolio quality with 42% of asset sales in regional locations."

Private credit to play critical role in the economy: MA Financial

CHLOE WALKER  |  TUESDAY, 8 AUG 2023
... Standard, Houston said she expects non-banks to increasingly assist major lenders in servicing the commercial real estate debt market, particularly when it comes to the critical housing shortage. "For quite a while now, the major banks have been pulling ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... delivering 12.4% over a five-year period, followed by Hyperion's Small Growth Companies Fund at 8.5% and the MCP Real Estate Debt Fund at 7.7%. Plato Global Shares Income Fund (-5.4%), Antipodes Global Fund (-3.1%), Antipodes Global Fund - Long (-1.4%) ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... expressly authorise its directors to act in the interest of E&P Operations. On 24 December 2021, a deed of acknowledgement of debt between Dixon Advisory and E&P Operations was executed, allegedly to advantage E&P Operations and disadvantage Dixon Advisory. ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... following day. At the time of the email, "Mayfair had 570 lenders, mostly retirees, who had subscribed to $211 million of debt instruments. Mayfair at this time had no ASIC or AFCA complaints, all lenders were paid up to date and on time, the group had ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

UniSuper awards impact mandate, inks industrial deal

CHLOE WALKER  |  TUESDAY, 25 JUL 2023
... market," Wylie said. Stephens added: "The transaction highlights UniSuper's ability to transact swiftly without the need for debt funding or regulatory approvals. As genuine long-term investors, we continue to look for unique opportunities that help ...

KKR real estate arm reports $30m loss

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... estate business, which oversees assets worth $65 billion, allows them to access real-time market knowledge encompassing both debt and equity aspects. "KREF also continues to benefit from our long-standing banking relationships as part of the broader ...