Banking, Accounting and Finance News
Fossil fuel giant Santos has rejected a $7.1 billion takeover offer from an elite syndicate of Middle East and Asian ruling families.
Foxtel free to take Ten
The ACCC has no big issues with Foxtel’s plan to buy a large chunk of Network Ten.
Pokie exploitation could face court
Law firm Maurice Blackburn says it may launch legal action against poker machines, arguing that they breach consumer law.
New Family Benefits bill seeks to hurt less
The Federal Government is introducing a reduced set of Family Tax Benefit cuts to those proposed in the 2014 budget.
Australians see unfriendly future
New research suggests Australians foresee a future where their society is more skilled, but less friendly and moral.
Private sector seeks SA water sale
An industry lobby says selling-off SA Water would raise up to $13 billion for the struggling South Australian economy.
Analysts see bank moves hitting housing
There has been plenty of bad press about Westpac’s sudden rate hike this week, but Morgan Stanley analysts say it could reach even further than most already fear.
Banks taking bitcoin tips
National Australia Bank and Commonwealth Bank of Australia are joining a group of 20 global banks in a trial of “distributed ledger” technologies, which use the same “blockchain” approach that underpins bitcoin transactions.
Government charging ahead to take choices
The Federal Government has been accused of storming ahead on plans to impose strict restrictions on Indigenous welfare recipients, by way of a cashless welfare card.
Dell's bold cloud bid costs big
Computer giant Dell is looking to buy data storage company EMC Corp for a mind-bending $US67 billion.
Union wants more ChaFTA tape
Labor is trying to adjust Australia’s free trade agreement with China, but the big unions say they have not gone far enough.
Good workers missed in quest for brainy ones
Intelligence tests have become a common tool for employers and recruiters, but research suggests they may be missing the point.
Data retention starting with few costs sorted
The Data Retention Act comes into effect tomorrow, but many say there are still big security issues and costs have not been addressed.
More firms work to avoid hack attacks
The Australian Signals Directorate says cyber attacks on business and government increased by 20 per cent last year, and it appears firms are moving quickly to protect themselves.
Mine rating system to stay in WA
A mine-rating policy in Western Australia has become permanent, leading to celebrations at some councils.
Glencore bags Newcastle's green view
A top executive from mining giant Glencore has slammed the Newcastle City Council for not supporting coal mines.
IP experts speak on big gene ruling
A two-time cancer-surviving grandmother has won a groundbreaking legal battle to protect her genetic rights.
PM picks up penalty rate chatter
Malcolm Turnbull has hinted that changes to penalty rates are on the way, but that they would need broad support to get off the ground.
ISDS threat still looms in secret TPP pages
Trade ministers are gushing about the Trans-Pacific Partnership agreement, but anyone who wants to know the details will have to take their word for it.
Massive fine settled after big BP spill
US Courts have ordered BP to pay more than $US20 billion ($AU28 billion) in fines from the deadly Gulf of Mexico oil spill five years ago.