Archived News for Finance Sector Professionals
Qantas is being hounded by rumours that it will announce massive job cuts this week, but the airline says it will keep cuts down to a thousand workers at most.
APRA boss defends push for tighter belts
The chair of the Australian Prudential Regulation Authority says he wants banks to stop bullying it for its stance on capital rule adjustments.
National Bank nabs good numbers in sceptical times
New figures show a 7 per cent rise in National Australia Bank’s underlying profit for the first quarter.
Lost funds sought to get regions moving again
The WA Local Government Association says it will be looking for the reinstatement of grants for regional infrastructure projects.
AECOM gets huge fund to fix nation's flow
One of the world’s largest engineering firms has secured a contract to re-design the water infrastructure of an entire country.
Carbon tax scenario shows cost of delay
The seemingly imminent repeal of the carbon tax is being prevented while Labor and the Greens hold the balance of power in the federal Senate, and new research has investigated how the efforts to end the carbon price may be hurting energy investments.
Solicitation claims drop names around Australian Water
Corruption investigations have led to the director of the NSW government-owned State Water Corporation stepping down.
News Corp's eighties paper push takes taxpayer millions today
A series of currency transactions in 1989 have led to an $882 million government payout to media giant News Corp.
Target review could find opposite result to last time
The Federal Government is moving its review of the Renewable Energy Target into full-swing, releasing the terms of reference and announcing who will lead the inquiry.
Funds splashed upstairs at Forge leave nothing to trickle down
More than a thousand workers have been sacked after the collapse of engineering company Forge Group, some small towns are worried for their workforce, but reports say the company has been spending-up on executive perks.
UGL to lose limbs while US court hears 'cooked books' claims
UGL, a giant of the Australian trades and construction sector, is expected to announce the sale of its property arm this week.
Claims of fund skimming to skipper mysterious boat
Clive Palmer’s company has been accused of dipping into a joint fund for about $4.5 million without the permission of his partnering Chinese firm Citic Pacific.
Farmers to take bank fight before Federal Court
West Australian farmers are taking legal action against ANZ, accusing the bank of ‘predatory’ and ‘unethical’ practices.
Global schooling challenge charge taken by ex-PM
A former Australian Prime Minister will lead a program aimed at educating the world's poorest children.
Rio sees results from cuts, will continue while write downs still hurt
Rio Tinto’s cost-cutting measures will continue, but a surge in earnings has been proof they are effective.
Stats become platform for broad calls
The latest unemployment stats have already been used as evidence for a number of political stands, including calls for new budgetary considerations and industrial relations reform.
Dodgy doctors to face fraud charge
Some Queensland doctors may have to front the Crime and Misconduct Commission over allegations of fraud.
Hockey shows off size of his cuts to inspire smaller nations
Federal Treasurer Joe Hockey has let a Wall Street Journal reporter in on the scale of cuts, sales and savings the Government intends to make, which may soon see the nation's power poles in foreign hands.
Small state's economy sees big drop in forecast
Tasmania’s economic situation has darkened in the last year, with the latest reports saying it is leaking money at an increasing rate.
Tax and charities taste first cuts, offers to use the door
Staff members in sections of federal departments have been offered voluntary redundancies, which some say shows the ineffectiveness of ‘natural attrition’.
Probe launched for deep look into unions
The Prime Minister has launched a Royal Commission into union governance and corruption across a range of industries, with terms of reference set to string up dodgy workplace practice nationwide.