Sanjeev Gupta says ‘meaningful progress’ being made at Whyalla
GFG Alliance boss Sanjeev Gupta says his company has an ‘unshakeable path’ to making headway with its many creditors, as he ‘vigorously pursues’ an emergency debt package.
Victoria Business
Stronger together: Behind Ryan Stokes’ billion dollar bet
Where the trend in business is to slim down, spin-off and simplify, Ryan Stokes has been going in the other direction.
US vaccine aversion a headwind for CSL
Vaccine aversion in the US has put a hole in CSL revenues in the first half, with the company saying the flu season is shaping up to be the worst in 15 to 20 years.
Prepare for a fresh wave of dumping, industry warns
The US’s proposed imposition of blanket tariffs on steel and aluminium would result in an influx of steel dumped into the Australian market, experts say.
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MCoBeauty sold with huge payday for founder
Make-up ‘dupe’ phenomenon MCoBeauty has been sold, with founder Shelley Sullivan cashing out in a massive deal.
Thinking outside the box to make wine cool again
A mid-strength Shiraz for a younger audience? Tapping into emerging export markets? Australia’s wine industry is hunting solutions to steer the sector out of a crisis.
Too late to avert a gas crisis in Victoria, says Woodside
Woodside Energy says it’s too late to avoid an economically damaging gas shortfall in Victoria thanks to a decade of political opposition to the fossil fuel industry.
Whyalla steelworks would be better off under a new owner
Sanjeev Gupta’s parting gift to South Australia should be gracefully finding a new owner for the Whyalla steelworks.
Private hospitals need $450m-a-year ‘bailout’
Private hospitals need a $450m leg up from the federal government to avoid an industry collapse while a sustainable model for the sector is devised, a peak lobby group says.
Gupta empire stung for $US53m in UK court judgment
A $US100m debt package to help pay GFG Alliance’s creditors at Whyalla is yet to eventuate, while another company in Sanjeev Gupta’s empire has been hit by a $US53m court judgment.
Oceania Glass’s massive debt revealed
Australia’s biggest glass maker is sitting on a debt pile worth more than half the company’s annual turnover, its administrators have revealed.
Ford offloads historic Melbourne site set for $250m revamp
The famed motoring company has sold off a piece of Australian manufacturing history to a developer determined to revamp it with a $250m plan.
Construction disruption: Australia’s largest glass maker collapses
Australia’s only maker of architectural glass, Oceania Glass, has been placed in administration with 260 jobs on the line less than a year after warning China was dumping cheap products here.
Can Australia expect to win a Trump trade war?
Canada and Mexico are writing the playbook in real time over how to navigate Donald Trump’s trade threats.
Original URL: https://www.ntnews.com.au/business/victoria-business/page/2