Archived News for Finance Sector Professionals - November, 2013
Hundreds have lost their jobs as prominent mining equipment manufacturer Caterpillar continues to feel the strain of a not-quite-booming resources sector.
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.
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.
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.
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.
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.
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.
The Australian Foreign Ministry has announced its response to the unfolding tragedy following the devastation of the Philippines by Typhoon Haiyan.
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.
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.