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SBS On the Money: Business insolvencies rising, investors spooked by escalating tensions in Middle East
Corporate insolvencies in Australia have hit their highest level in at least 25 years, according to ASIC data. Source: AAP, SBS
SBS On the ASIC says 10,000 businesses will have called in the administrators this financial year, marking the most in more than 10 years. SBS Finance Editor Ricardo Gonçalves speaks with Patrick Coghlan from CreditorWatch to find out what it says about the economy, plus Jessica Amir from Moomoo goes through the day's sharemarket action as investors react to an escalation in tensions in the Middle East.
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