Business travel collapse sparks serviced apartment implosion
Over 50 jobs lost as operator of 160 luxury serviced apartments across Melbourne’s CBD puts business into liquidation.
Over 50 jobs lost as operator of 160 luxury serviced apartments across Melbourne’s CBD puts business into liquidation.
COVID is driving up contactless payments, with retail spending through the Tyro network up 20pc, revealing pent-up demand.
AGL Energy faces profit headwinds with the collapse in wholesale electricity prices and concern over its ageing coal-fired power stations.
The Australian economy is facing a wave of over 25,000 insolvencies and nearly 16,000 company administrations by September.
QBE could face pressure for a further top-up of its insurance provisioning even after its monster pre-Christmas downgrade.
Peabody Energy has been hit with a new shareholder legal action surrounding a fire and alleged safety issues at its North Goonyella mine.
Debt collection company Credit Corp has picked up a $200m stressed lending book and thrown a lifeline to ASX-listed rival Collection House.
Funds are set up to provide insurance at costs lower than the market, or insure against risks the market refuses to cover.
Macquarie Group’s European infrastructure fund has offloaded a near 70pc stake in one of Italy’s biggest gas pipeline operators.
Travel bans have been imposed on Perth figures accused of illegally raising $11m from 300 property investors.
Original URL: https://www.theaustralian.com.au/author/david-ross/page/190