Banking, Accounting and Finance News
Government finance departments say extensive and superfluous reporting frameworks have pushed them to look for new ways to reduce their “disclosure burden”.
Brazilian mining company Samarco has agreed to a $366 million damage bill after its tailings dam burst, spreading toxic waste over hundreds of kilometres, killing 10 people, and flattening entire villages.
Progress has been made on a $1.7 billion development in western Queensland, which proponents says will see 300 to 400 natural gas wells created, along with 1600 production jobs.
US environmental think-tank, Oil Change International and UK humanitarian think-tank, the Overseas Development Institute, has found the world's biggest economies pay $633 billion a year in subsidies to oil, gas and coal companies.
The Climate Institute has slammed the adequacy of Australia’s carbon emission reduction measures, saying they would not meet the smallest target set at the upcoming Paris climate talks.
The vice-chancellor of a Group of Eight (Go8) university has broken ranks, saying there is no crisis in Australia's higher education system and there is no particularly strong case for students to have to pay more.
RBA governor Glenn Stevens has told a major economic forum that interest rates will likely stay on hold for the time being, as inflation is under control and home prices are cooling.