THE fallout from the row between Commonwealth Bank and its abortive capital raising undertaken by investment bank Merrill Lynch reverberated around the group’s share price yesterday despite the success in finally getting away its replacement $1.65 billion offer.
The focus has now switched back to the original disclosures and bad debt likely to rise to $2.5 billion next year. (more…)
MAJOR mining companies have started laying off more than 500 workers as the global financial crisis grips the resources sector. (more…)
Centrebet is offering good odds on the economy bottoming out.
The bookmaker has Australia a $1.12 favourite to fall into recession in the next 12 months, and $5.50 if it is avoided. (more…)
The US Federal Reserve on Tuesday aggressively cut its target for overnight interest rates to a record low zero to 0.25%, and said it would employ “all available tools” to dispel a year-long recession. (more…)
After 11 months of the global financial crisis, 2008 now stands as the worst year for investors on record. (more…)
Liquidation Experts, Liquidation and Bankruptcy Specialists, Liquidators Registered with ASIC, Bankruptcy Trustees Registered with ITSA, Insolvency and Liquidation Advice, All forms of corporate and personal insolvency, Liquidation throughout Australia, Part IX Debt Agreements, Part X Personal Insolvency Agreement, Bankruptcy Experts.