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Category: Business Finance

Corporate Restructurings Set to Accelerate Over the Next Two Years

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Over 80% of industry experts expect volume of restructurings to continue rising Regulations favoring liquidation over rehabilitation seen as biggest challenge, with survival further hampered by inexperienced management teams and rising interest rates North America and Europe experiencing significant restructuring WILMINGTON, Del.–BUSINESS WIRE– The volume of new corporate restructuring mandates is set to continue rising … Continued

Hut 8 Announces Closing of $150 Million Investment from Coatue

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MIAMI, July 01, 2024 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, is pleased to announce it has closed its previously announced $150 million convertible note investment from a fund managed … Continued

BlackRock to Acquire Preqin, Leading Private Markets Data Solutions Provider

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Transforms BlackRock’s private markets capabilities by delivering integrated investments, technology, and data for the whole portfolio Strategic expansion of Aladdin tech business into fast-growing private markets data segment, unlocking additional $8 billion total addressable market Preqin grows BlackRock’s client base across GPs, LPs and service providers, bringing 4,000+ relationships and ~$240 million of highly recurring … Continued

It’s time for TikTok

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The Victorian Chamber of Commerce and Industry (VCCI) is today launching a groundbreaking initiative aimed at helping small business grow their customer base through a dynamic series of events and training focused around social media giant TikTok. Around 350,000 businesses in Australia already use the social media platform as a powerful channel to reach audiences … Continued

July’s savings boost will make retirement even more super

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This July 1, more than 9.2 million Australians will get a boost to their super – and the best thing is that it happens automatically. The Super Guarantee rate rises from 11 per cent to 11.5 per cent, adding an extra $340 in employer-paid super contributions to the average Australian worker every year. The Superannuation … Continued

New Industry Player Nero Private Offers Alternative Credit Solutions for Australian SMEs

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Melbourne, Australia – Nero Private, a newly established boutique non-bank credit firm, has officially launched its first private debt fund, aiming to support Australian small and medium-sized enterprises (SMEs) while offering investors a secure portfolio with stable and attractive/secure returns. Established to cater to investors seeking robust and reliable returns while fostering the growth of … Continued

CA ANZ DOUBLES DOWN ON CALL FOR SENSIBLE REGULATION OF ACCOUNTING SECTOR

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Chartered Accountants ANZ (CA ANZ) has doubled down on its calls for the Australian Government to clarify the government’s role and scope as a regulator of audits, a systemically important function for our capital markets and economy.  In its submission to Treasury’s consultation paper on the regulation of accounting, auditing and consulting firms in Australia, … Continued