Archived News for Finance Sector Professionals - February, 2013
The NAB has announced the signing of a Memorandum of Understanding (MoU) with the China Development Bank (CDB) that will allow for greater collaboration between the two companies.
London-based mining giant Rio Tinto has announced the appointment of Chris Lynch as the company’s new Chief Financial Officer, replacing outgoing CFO Guy Elliot in mid-April this year.
Global information services giant Experian has launched its first consumer credit bureau in Australia, providing credit reports to financial institutions, telecommunication and utility providers.
The Federal Government has released a consultation paper on the three-year process to reforming the timing of company tax payments by large companies.
The Federal Government has announced plans to enable accountants to offer a wide range of services through regulations to replace the accountant’s licensing exemption with a limited Australian Financial Services Licence (AFSL).
AMP has announced the appointment of Amelia Contstantinidis as Director of Horizons, with responsibility for developing strategic plans and frameworks for advice for planner services across multiple licences.
The Payments System Board of the Reserve Bank has welcomed a proposal by an industry led committee to introduce a ‘fast payments’ solution for Australian consumers.
Despite a generally gloomy global economic outlook, Australians have kept spending with a vengeance, according to the latest figures released by the Commonwealth Bank.
The Federal Government has announced it will invest $378.6 million in Venture Australia in a bid to grow new Australian knowledge based companies, high-skilled jobs and promote competitive products and services.
Abacus Australian Mutual has upped the push for banking sector reform after launching the Balance Banking campaign, backed by a study that shows that banking reform is a major issue for Australian voters.
Westpac has emerged as the clear leader of the big four in the satisfaction rating of business customers in January, according to the latest Roy Morgan Business Single Source survey.
Consumer and commercial intelligence agency Veda has released its report into credit trends in Australia in the last quarter of 2012, concluding that business credit demand had fallen across all states, while business loan enquiries had rallied with a strong 8 per cent year-on-year growth.
The Reserve Bank of Australia (RBA) has announced it will sell its 50 per cent shareholding in Securency, the firm which allegedly bribed foreign officials in a bid to secure note-printing contracts.
Business confidence in Australia has held onto its gains from December, with reduced global fears giving the economy a much needed respite from lagging major industries and weak orders.
Seven of the country’s eight capital cities recorded a bump in housing prices for the December quarter, according to the latest figures released by the Australian Bureau of Statistics.
Private health insurance premiums are set to increase by an average of 5.6 per cent from April, according to the latest figures released by the Federal Government.