Japan corporate cleanup fuels appetite for record debt sales
Corporate governance reforms that have underpinned a nearly $2 trillion (¥308 trillion) rally in Japanese stocks are increasing the draw for investors in credit. Japanese corporate dollar bonds have been outperforming U.S. peers, and borrowers have piled into the market with record issuance in recent months. Improved governance scores are helping to burnish the country’s […]
Is Generac Holdings (NYSE:GNRC) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says ‘The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.’ So it might be obvious that you need to consider debt, when you think about […]
Businesses urged to revise debt management strategies in new FY
Managing business debt effectively is critical for maintaining financial health and ensuring the sustainability of a business, HLB Mann Judd has warned businesses in a recent article. With businesses facing tougher business conditions, the accounting and advisory firm said its important businesses have a solid debt management strategy for all the debt in the businesses […]
Debt collector taken to court after flouting trade ban
One of Australia’s largest debt collectors will be taken to court after allegedly operating in Victoria despite being banned for previous illegal conduct. Queensland-based debt collection company Panthera Finance, which operates nationwide, was prohibited from operating in Victoria after it was penalised for harassing people over disputed debts. Consumer Affairs Victoria on Monday lodged a […]
Credit Corp’s earnings slump amid ongoing challenges in US
Debt collection group Credit Corp (ASX: CCP) has suffered an https://www.businessnewsaustralia.com/1https://www.businessnewsaustralia.com/1 per cent fall in underlying profit despite improved revenue amid ongoing challenges in the US and subdued debt-buying activities in Australia and New Zealand. Credit Corp posted an underlying profit of $8https://www.businessnewsaustralia.com/1.2 million in FY24, down from $9https://www.businessnewsaustralia.com/1.3 million a year earlier while revenue… […]
Millions more victims exposed in debt collection agency data breach
It seems that the data breach at the debt collection agency Financial Business and Consumer Solutions (FBCS) was a lot bigger than initially thought. After first reporting some 1.9 million victims, the company now says that more than 4.2 million were actually affected. In late April, it was reported that FBCS suffered a cyberattack two […]
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State asked to offset tea farmers debt, ease burden
Monday, July 29th, 2024 03:00 | By A tea farmer in the field. PHOTO/Print The national government has been petitioned to offset loans which tea factories owe financial institutions to ease the burden of farmers and ease their lives. Newly elected zone 11 Kenya Tea Development Agency ( KTDA) Holdings Board member, James Omweno who […]
Bangladesh’s foreign debt payments hit $3.36b in FY24
Bangladesh’s foreign debt servicing surged nearly 26% to $3.36 billion in the fiscal year ending 30 June 2024, according to the latest report from the Economic Relations Division (ERD) published today. This increase is bolstered by a record 44% rise in interest payments, which reached nearly $1.35 billion, driven by a significant rise in borrowing […]
Agnico Eagle Mines (NYSE:AEM) Seems To Use Debt Quite Sensibly
David Iben put it well when he said, ‘Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.’ When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We can […]