Archived News for Finance Sector Professionals - April, 2016
Facebook’s big figures have halted a run of poor results for tech stocks.
Fines land after pain pill scam
The maker of Nurofen, Reckitt Benckiser, has been fined $1.7 million for its ‘targeted’ pain-relief products.
Deep cost of street-sleeping revealed
Youth homelessness costs national health and justice systems more than $600 million a year.
Local Gov launches $7b election plan
The Australian Local Government Association (ALGA) has launched an election plan ahead of the upcoming Federal poll.
Sinodinos steers clear of money probe
Federal Government frontbencher Arthur Sinodinos is standing by his decision not to front a Senate committee.
QLD closing costly loopholes
The Queensland Government has passed laws to avoid having to pick up the tab when big firms fail.
State makes bigger coal claim
The Victorian Government will take more royalties from some of the least efficient power stations in the country.
Stronger stance taken on steel dumps
The Federal Government has moved to combat the oversupply of Chinese steel.
Banks' bubble-boosting unveiled
An explosive report has revealed fraud and number-fudging is rife in the banking system.
Bendigo slammed for island operations
Bendigo Bank is under pressure to cease its operations on Nauru.
Bargaining brick wall could break
The ALP says it will unwind the LNP’s harsh public sector bargaining policy if it wins the next election.
Blame and bills in Palmer's wake
It will cost $93 million to start the cleanup of Clive Palmer's Yabulu nickel refinery, the Queensland Government says.
Chip-maker launches big chop
Tech giant Intel has undertaken a ‘restructuring initiative’, which consists largely of sacking 12,000 workers.
More funds for bank-busting
The Federal Government is setting up a levy on banks to enhance regulation.
RSRT forced off the road
The senate has agreed to abolish Labor’s Road Safety Remuneration Tribunal.
Green money-grab detailed
The Greens have released an 18-point policy plan they say will stamp out tax avoidance by multinationals and raise at least AU$1.69 billion in additional revenue.
Rinehart wants new money up north
Iron ore magnate Gina Rinehart says things are rough in the resources sector, but northern Australia still has incredible development opportunities.
Sugar tax effects checked, denied
Advocates say a 20 per cent tax on sugary drinks will save 1,600 lives over 25 years, while reducing the social costs of diabetes, heart disease and stroke.
Tech head warns of 'innovation' overuse
Telstra's chief technology officer says “innovation” is at risk of becoming a meaningless buzzword.
Natural value nudges $6 trillion
New figures show the value of Australia's natural wealth has nearly doubled.
Palmer's people get federal funds
Taxpayers’ funds will be used to pay entitlements to Queensland Nickel workers.