Volatility rippled through global markets at a breakneck speed in early August. An unexpected Bank of Japan (BOJ) interest rate hike on 31 July sparked an 8% rally against the dollar, triggering an unwinding of the yen-funded “carry trade”, where investors borrow interest-free in yen to invest in high-yielding assets globally.
B. Riley Farber Advisory Inc. acted as the exclusive financial advisor to the vendor for this transaction. B. Riley Farber Corporate Finance provides investment banking and financial advisory services in the areas of mergers & acquisitions, divestitures, debt & equity financing, business valuations, and fairness opinions.
Aviation industry’s return to profitability is fragile
The global aviation industry is set for record revenues, passengers and expenses in 2024, underscoring a fragile profitability amidst ongoing political, economic, supply chain and geopolitical risks.
The Australian Spirit Tax: A Distilling Dilemma
The Australian government’s spirit tax has been fermenting trouble for local distilleries in the land down under. The tax, which has recently risen to AU$101.85 per litre of alcohol, is now the third-highest in the world. This increase is part of an automatic adjustment in line with the consumer price index (CPI), a policy that has seen the tax soar by 16% over the past three years.
Connecting with customers and boosting Brazilian agribusiness
TCP Partners are pleased to announce their participation in the 29th edition of Agrishow, the largest agribusiness fair in Latin America, held in Ribeirão Preto (SP). This year, Agrishow recorded R$13.608 billion in business intentions, a growth of 2.4% compared to 2023, and attracted approximately 195 thousand visitors.
SEC paves the way for Ethereum ETFs deepening capital flows into the broader cryptocurrency sector
The Securities and Exchange Commission (SEC) cleared the path for the eventual launch of the US exchange-traded funds (ETFs) that invest directly in ether tokens, the second-largest cryptocurrency, marking another significant milestone for the industry.
Cyber Security for Insolvency Firms in Australia: Safeguarding Data and Managing Breaches
In an increasingly digital world, insolvency firms in Australia face unique cyber security challenges. Protecting sensitive client information, maintaining data integrity, and responding effectively to breaches are critical. Let’s explore strategies to enhance cyber security and manage data breaches within insolvency practices.
Australian Taxation Office Debt Collection Trends and Policies in 2024
The Australian Taxation Office (ATO) plays a crucial role in revenue collection and ensuring compliance with tax laws. As we step into 2024, the ATO faces significant challenges in managing debt owed by individuals and businesses. Let’s explore the debt collection trends and policies shaping the ATO’s approach.
Director Penalty Notices in Australia: Navigating Personal Liability
In the complex world of taxation and corporate governance, director penalty notices (DPNs) have become a critical tool for the Australian Taxation Office (ATO) to recover outstanding tax debts. As we step into 2024, understanding DPNs is essential for directors, business owners, and professionals alike.
Digital Disruption in the Australian Accounting Profession
The Australian accounting profession is undergoing a seismic shift due to digital disruption. As technology advances, traditional accounting practices are being challenged, reshaped, and, in some cases, completely transformed. Let’s explore the impact of digital disruption on accountants and the trends shaping the future of this vital industry.
The Most Important Issues for Professional Accountants in Australia
As the accounting landscape evolves, professional accountants in Australia face a myriad of challenges. From regulatory changes to technological disruptions, staying ahead requires adaptability and strategic thinking. Let’s delve into the most critical issues impacting accountants in the Land Down Under.
Forensic Accounting Trends and Its Links to Insolvency Accounting in Australia
Forensic accounting, once a niche field, has gained prominence in recent years due to its critical role in uncovering financial irregularities, preventing fraud, and providing expert testimony in legal proceedings. In Australia, forensic accountants play a pivotal role not only in investigations but also in insolvency accounting. Let’s explore the trends shaping forensic accounting and its close ties to insolvency matters.
Small Business Restructuring in Australia: Benefits and Trends
Australia’s insolvency framework for small businesses underwent significant changes on January 1, 2021. The purpose of these reforms was to assist financially distressed small businesses (with debts under AUD $1 million) in surviving by providing simpler, more flexible restructuring options.
Weak export demand is responsible for UK manufacturing sector’s fragile recovery
The UK manufacturing sector is indicating signs of a recovery, driven by increased domestic demand that has boosted output and new orders.
Expert Determination Explained
This explanatory overview is for business people contractually drawn into a required expert determination procedure for commercial disputes but who are unfamiliar with the process. Caveats apply (see below).
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