Probuild in extreme debt as a result of one delayed project
Many workers on the Probuild site have not been paid for a long time. The building giant is now in debt believed to be billions.
Tag: financial crisis
Australian reaches out to Greek penioners
An image of an elderly man, outside a Greek bank, slumped on a pavement in despair touched hearts the world over, and in particular an Australian businessman.
Australian budget will return to surplus by 2016, says Bowen
Balancing the books: The Australian government announced it will return the budget to a “modest” surplus by 2016 with the help of new taxes and cuts to foreign aid.
Banking insurance levy could be passed on to Australian depositors
The Australian government is expected to announce a levy on the banks on Friday to insure them against a financial crisis, but there are fears that the cost will be passed on to consumers.
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