$20,000 in HECS wiped and $183 cost-of-living allowance for these Aussies
Growing HECS debts are a problem for many Australians, both young and old. There are calls for indexation to be held, or for student debts to be wiped altogether, but one select group are being offered a $20,000 lifeline. Queensland Police are using a raft of new incentives, including paying off $20,000 of university debt, […]
Here’s Why 3SBio (HKG:1530) Can Manage Its Debt Responsibly
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.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a […]
Here’s Why American Water Works Company (NYSE:AWK) Has A Meaningful Debt Burden
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often […]
China’s Fosun International sells stake in Belgian insurer Ageas to BNP Paribas to reduce debt, focus on core businesses
Fosun International, one of China’s largest private-sector conglomerates, has agreed to sell an 8.2 per cent stake in Belgian insurer Ageas to BNP Paribas for about €670 million (US$714 million) as part of an effort to reduce its debt amid economic turbulence. A deal involving the sale of 15.4 million shares of Ageas was concluded […]
Iraq’s foreign debt more than halved in two years
The Iraqi government has recently announced a 50% reduction in foreign debt, also highlighting its determination to continue to create a qualitative change in the Iraqi economy. According to Iraqi government spokesman Bassem Al-Awadi, the executive took a series of executive measures and adopted a package of financial decisions that achieved “the reduction of the […]
Australia’s debt service ratio ‘extraordinary’: CBA
The Commonwealth Bank of Australia’s (CBA) latest report into the Australian household sector when compared to other countries has found that Australia’s debt-to-service ratio currently sits at a record high. The debt servicing ratios are based on the methodology derived from the Bank of International Settlements (BIS), which reflects the share of income used to […]
Debt relief clears Somalia’s pathway into new credit, trade to reverse 30-year slump
By AGGREY MUTAMBO By ABDULKADIR KHALIF Somalia is banking on new opportunities coming out of recent debt relief to seek new credit lines and open up for trade. And in spite of security challenges and ongoing state rebuilding, Somalia’s Ambassador to Kenya Jabril Ibrahim Abdulle says Somalia is yearning to play a big role in […]
Shocking text sent to Melbourne mum’s phone after death at clinic
A grieving husband has been left distressed after a debt collector sent a message to his late wife who died at Hampton Park Women’s Health Clinic. Beloved mother-of-two Harjit Kaur, 30, died on January 12 shortly after undergoing a surgical abortion at Hampton Park Women’s Health Clinic.Her husband Sukhjinder Singh has criticised the clinic and […]
Closing a small business | ASIC
You are here: Home For business Small business Closing a small business Even after a company has stopped trading as a business, it will still be registered with ASIC. To save both… View the full article to continue reading…
We Think Global Business Travel Group (NYSE:GBTG) Is Taking Some Risk With Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. […]