The day's business and finance news, with the latest trends on international share and currency markets, pointing to what Australians can expect in the day ahead.
- Weekdays 8:30pm on ABC News 24
- Weekdays 11:00pm on ABC1
(All times AEST)
The day's business and finance news, with the latest trends on international share and currency markets, pointing to what Australians can expect in the day ahead.
(All times AEST)
Posted
| UpdatedAustralia's economy underwent more transformation today although it's looking more like a day of reckoning than the gradual re-balancing the Reserve Bank is hoping for.
1,400 workers lost their jobs as the Perth based Forge Group went into administration and the unemployment rate jumped to a 10 year high.
Topics: business-economics-and-finance, australia
Posted
| UpdatedSPC Ardmona workers were feeling the optimism today.
They were cheering the Victorian Government's $22 million helping hand. It means the company will keep processing fruit in Australia for at least five years. The bailout is at odds with the Abbott government that flatly turned down any assistance.
Topics: business-economics-and-finance, australia
Posted
| UpdatedDeflation is now the risk in Europe and in Britain, just like the US, the central bankers are busy moving the goal posts. David Buik from Panmure Gordon speaks to Ticky.
Posted
| UpdatedThe latest employment figures overshadowed the flurry of company profit results delivered today. Marcus Padley at Patersons Securities speaks to Ticky.
Topics: markets, business-economics-and-finance, stockmarket, australia
Posted
| UpdatedThe rise of virtual currency 'Bitcoin' is changing the way we think about money.
But there are plenty of other contenders with an Australian digital coin stamped with the head of a cute Japanese dog leading the pack.
Topics: business-economics-and-finance, australia
Posted
| UpdatedAnother impressive December half year profit from Commonwealth Bank today, $4.07 billion, well above analyst forecasts. But there's a lot more going on in the finanical services space. CEO Ian Narev speaks to Ticky.
Topics: business-economics-and-finance, banking, australia
Posted
| UpdatedThe wearable technology isn't expected to be released until later this year. Google has released a few hundred pairs and some Australian companies have been trying them on.
Topics: business-economics-and-finance, australia
Posted
| UpdatedHighs and lows. Big banks like Comm Bank and ANZ, and drama like Toyota, David Jones and SPC Admona. Fund manager Roger Montgomery speaks to Ticky.
Topics: business-economics-and-finance, australia
Posted
| UpdatedEvery month, financial markets and home buyers alike sweat on the Reserve Bank's decision on interest rates.
So tonight we've put our panel of experts to work picking where rates will be at the end of 2014.
Topics: business-economics-and-finance, banking, australia
Posted
| UpdatedThe car industry says vehicles should be tariff free and cheaper now that there are no manufacturers to protect. While the Government may not see value in protecting the union dominated car makers, they do see the upside of toughening anti dumping laws which will help their allies in the agriculture sector.
Topics: trade, business-economics-and-finance, australia
Posted
| UpdatedThe local share market delivered handsome returns for investors last year. The All Ordinaries Index climbed an impressive fifteen per cent.
But has it run too hard, too fast?
We asked our panel of experts where will it finish 2014 in Part Two of this week's special series.
Topics: markets, business-economics-and-finance, stockmarket, australia
Posted
| UpdatedSources close to the company say that tensions between the CEO and the two directors at the centre of the share trading scandal were high after criticism of Paul Zahra's performance.
But it looks like the Chief Executive has had the last laugh his board critics will be gone within three months even though questions remain about the board's behaviour.
Topics: business-economics-and-finance, australia
Posted
| UpdatedAll eyes will shift to the US overnight as new Federal Reserve Chief Janet Yellen gives her first half yearly report on the US economy. Tapering back of all that money printing is now a reality, with big knock-on effects, particularly for emerging markets. US economist and author of Currency Wars, Jim Rickards speaks to Ticky from New York.
Topics: business-economics-and-finance, currency, australia, united-states
Posted
| UpdatedThere were heated exchanges behind the Coalition party room doors today over the fate of SPC Ardmona. It is understood three MPs challenged Prime Minister Tony Abbott over the Cabinet's decision to reject a 25 million dollar bailout. There are fears the cannery could close leaving growers struggling as markets are flooded with a glut of fresh fruit.
Topics: business-economics-and-finance, australia
Posted
| UpdatedThe hollowing out of local manufacturing has stepped up a gear after Toyota announced plans to pull out of Australia by 2017. There are fears that tens of thousands of workers may be out of jobs or manufacturing as the industry rapidly transforms over the next few years.
Topics: business-economics-and-finance, australia
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