Australia's most powerful central banker has suggested corporate insolvencies are at a decade-high during a building crisis because many companies couldn't cope with interest rates rising from record lows. Reserve Bank of Australia Governor Michele Bullock has weighed into this to imply many of these businesses couldn't cope with interest rates rising from a record-low of 0.1 per cent. Reserve …
Australia's largest home builder, Metricon, has been forced to deny reports it is in financial difficulty after the unexpected death of its founder just days ago. Key points: Metricon employs 2,500 staff and is currently building around 4,000 homes The company has been hit by rising costs but strongly denies it is on the brink of collapse Metricon met with …
