Archived News for Finance Sector Professionals
The bickering has turned to accusation-flinging as a stand-off unfolds in parliament, with neither side willing to adjust the position on the debt ceiling just yet.
Commission plots the best path to road re-vamp
The Federal Government has unleashed the Productivity Commission on the task of investigating infrastructure costs, looking for the best way to deliver on their promise for significant improvements.
Debate fires up as Hockey moves to raise the roof
The Federal Treasurer believes the Opposition’s refusal to back the entirety of his attempted debt ceiling lift could lead to a government shut-down, as recently happened in the United States.
Groups link for vegetable boost
A new agreement could yield significant improvements for Western Australian vegetable producers, by linking them with local council resources.
Robb says twelve-month trade turnaround could happen
The person tasked with delivering an ambitious Federal Government promise says enhanced trade between Australia and its Asian neighbours can happen – hopefully within 12 months.
Bank boss says borders block success
At an address this week, Westpac’s Australian Financial Services chief executive Brian Hartzer said he thinks businesses need to refresh their thinking on workplace restrictions – encouraging employers to break down barriers that hinder chances at success.
Embattled truckers move to float above fire
Financial reports say the company that owns Cootes Transport will go ahead with its stock market float, despite its subsidiary’s troubles and safety review.
Australia offers small relief from massive devastation
The Australian Foreign Ministry has announced its response to the unfolding tragedy following the devastation of the Philippines by Typhoon Haiyan.
RBA cuts growth forecast
The RBA has substantially cut its growth forcast as the Australian dollar remains high and mining investment continues to drop off.
Twitter frenzy on the NYSE
There are a lot of smiling people considerably richer than they were 24 hours ago, as Twitter’s debut on the New York Stock Exchange shattered expectation, with the stock closing up 72% at the end of trade.
Unemployment figures soft across the board
The Australian Bureau of Statistic figures show the jobless rate staying steady at 5.7 in October. Although full time employment fell by 27,900 jobs, part time work was up 28,900 across the country.
Forces joined for substantial Sydney project
Three big players have come together for a joint venture which should see them deliver a seven-year road asset management project for Syney's South Zone.
Qantas engineers asked to step back to save money
An extreme offer has been made to over 300 Qantas engineering staff in a bid to save jobs.
Experts gauge the state of car-making
A report by industry consultants and university researchers says nearly 40,000 jobs would be lost if car makers pulled out of Australia this decade.
Vodaphone picked as possible key to global AT&T moves
Fairly credible reports have surfaced this week saying US phone giant AT&T may consider buying Vodaphone, though there has been no suggestion whether it would mean improved coverage from the notoriously-patchy provider.
Bank boss says good lending dodges dangerous bubbles
National Australia Bank chief Cameron Clyne has backed warnings from the RBA to all Australian lenders, saying they should maintain tight control over lending practices even when the interest rate is low.
Merchants turned to criminals after AFP alchemy
Gold merchants have been the subject of a combined ATO and AFP shake-down, suspected of withholding millions of dollars worth of GST.
More hungry companies look to take the cheese
A new figure has entered to the bidding dance for the takeover of Warrnambool Cheese and Butter, a much-loved brand for many Victorians.
Murdoch tells elite crowd; 'We're all the same now'
Media boss Rupert Murdoch addressed some of Australia’s most prominent figures last night, praising the nation for overcoming the “primeval prejudices” and “stuffy, narrow-minded elitism” of its colonial past.
Education protests won't stop Hockey, Pyne or Audit Committee
Federal Treasurer Joe Hockey has been engaged in a light scuffle on his way into Victoria’s Parliament House.
Welfare-postal merger slammed for security, viability, care concerns
There has been widespread criticism of a proposal to move Centrelink’s front desk duties to Australia Post outlets, after the Treasurer confirmed it was an option.