Business
As it happened: ASX finishes up 0.8 per cent – The Sydney Morning Herald
The ASX200 has posted two straight sessions of gains, finishing 0.8 per cent higher on Thursday thanks to a strong Wall Street lead.
Some insights into that future can be gleaned from the latest in a series of analyses of zombie companies by the Bank for International Settlements.
While the research paper the BIS released this week is based on somewhat dated data, it provides a more granular insight including some surprising findings – into the anatomies of zombie companies and their impact on the wider economy.
Zombie companies are those that are unprofitable, unable to cover their interest costs and with low market valuat…
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