Posted
President Donald Trump has sworn in a who's who of oil leaders, which analysts say give his administration a pro-petroleum bias that may hurt Australia.
Topics: oil-and-gas, business-economics-and-finance, trade, united-states, australia
Posted
| UpdatedThe move to slash Sunday penalty rates could face a legal and political battle, with Opposition Leader Bill Shorten vowing to stop the cuts.
Topics: work, government-and-politics, unions, hospitality, retail, business-economics-and-finance, australia
Posted
The Nationals MP representing the area covered by the proposed Narrabri Gas Project has expressed confidence that CSG company Santos will pass the relevant checks.
Topics: oil-and-gas, industry, business-economics-and-finance, community-and-society, narrabri-2390, pilliga-2388
Posted
In this update: Ardent Leisure has made an after tax loss of 49.35 million dollars for the six months to the end of December; Qantas says increased competition and restructuring costs have driven its half year profit down by 25 per cent; The Australian share market is pushing loser with most sectors on the way down as investors digest a big day of corporate results.
Topics: business-economics-and-finance
Posted
Australia Post's managing director Ahmed Fahour has resigned after he was the subject of intense criticism for his $5.6 million dollar annual salary.
Topics: business-economics-and-finance, company-news, transport, australia
Posted
| UpdatedElectricity retailers ERM Power and Alinta Energy opt to pay more than $130 million in penalties, rather than meeting their renewable energy obligations, raising fresh questions about the Renewable Energy Target.
Topics: electricity-energy-and-utilities, industry, business-economics-and-finance, environment, climate-change, australia
Posted
In this update: Ardent Leisure has made an after tax loss of 49.35 million dollars for the six months to the end of December; Qantas says increased competition and restructuring costs have driven its half year profit down by 25 per cent in the six months to the end of December; The Australian share market is pushing lower with most sectors on the way down as investors digest a big day of corporate results.
Topics: business-economics-and-finance
Posted
| UpdatedAustralia Post's managing director Ahmed Fahour resigns, despite the business posting a large profit turnaround due to online shopping parcel deliveries.
Topics: business-economics-and-finance, company-news, transport, australia
Posted
| UpdatedWhat are the arguments for and against to cut Sunday penalty rates for some hospitality, retail and fast-food workers?
Topics: business-economics-and-finance, industry, hospitality, retail, federal-government, australia
Posted
| UpdatedFair Work Commission president Iain Ross announces the Commissions' findings on Sunday and public holiday penalty rates which will be reduced for hospitality, retail and fast food workers
Topics: business-economics-and-finance, government-and-politics, work, australia
Posted
Workers at Patties Foods in Bairnsdale are concerned redundancies announced by the food manufacturing company are just the tip of the iceberg.
Topics: business-economics-and-finance, unions, industry, manufacturing, bairnsdale-3875
Posted
| UpdatedWorkers in the hospitality, retail and fast-food industries will be paid less for working on Sundays and on public holidays after the Fair Work Commission decided to cut penalty rates today.
Topics: government-and-politics, business-economics-and-finance, work, melbourne-3000, vic, australia
Posted
In this update: A global deal to cut red tape for trade has come into effect, in what the World Trade Organisation claims is the "biggest reform this century".
Topics: business-economics-and-finance
Posted
| UpdatedA New Zealand company is still waiting to be paid by the Papua New Guinea Government for consultancy work it did three years ago, and a year after the courts ordered the government to settle its debt.
Topics: business-economics-and-finance, pacific, papua-new-guinea, new-zealand
Posted
The surge in iron ore prices has boosted the fortunes of Fortescue Metals and its billionaire founder Andrew Forrest, but the mining company remains captive to China's demand.
Topics: iron-ore, mining-industry, business-economics-and-finance, mining-rural, australia
Posted
In this update: In this update: the Reserve Bank Governor has warned high levels of household debt could hit consumer spending.
Topics: business-economics-and-finance
Posted
| UpdatedThe insurance industry is facing a number of major challenges with probably the biggest being its current lack of profitability.
Then there are the behavioural issues with customers still complaining of being bullied and having legitimate claims refused, despite ASIC recently giving the industry a clean bill of health.
Also there is further bad news for consumers. It looks like insurance premiums are on the way up.
Topics: business-economics-and-finance, australia
Posted
| UpdatedAustralian mortgage debt is weighing down households and tying the hands of the Reserve Bank. Today Governor Lowe admitted households have taken on huge amounts of debt, fueled by low interest rates.
Topics: business-economics-and-finance, australia
Posted
| UpdatedStockland today announced a jump in half year profits to $700 million and lifted its full year guidance. Chief Executive Mark Steinert talks to Elysse.
Topics: business-economics-and-finance, australia
Posted
WA Premier Colin Barnett promises a new dedicated live export berth in Kwinana if re-elected, but proposes no timeline for when it will happen.
Topics: livestock-welfare, livestock, rural, trade, business-economics-and-finance, elections, kwinana-town-centre-6167, fremantle-6160
Posted
The Australian dollar kicked up a bit today after Reserve Bank Governor Philip Lowe made it clear that interest rates are very unlikely to be cut again.
Topics: business-economics-and-finance, australia
Posted
In this update: the Reserve Bank Governor has warned high levels of household debt could hit consumer spending.
Topics: business-economics-and-finance
Posted
| UpdatedEven as the Commonwealth Bank last week unveiled another record half-year profit of $5 billion, not everything was rosy — its life insurance arm CommInsure continues to be a headache, and with ASIC campaigning insurers to publicly report claim figures, premiums could rise as a consequence.
Topics: business-economics-and-finance, company-news, consumer-finance, consumer-protection, economic-trends, banking, insurance, health, australia
Posted
In this update: The Reserve Bank Governor has warned high levels of household debt could hit consumer spending; Woolworths has returned to profit after an enormous loss linked to its failed Masters hardware business; Fairfax has jumped after announcing its planning to spin off of Domain.
Topics: business-economics-and-finance
Posted
| UpdatedSeven West chairman Kerry Stokes and director Jeff Kennett are criticised by a NSW Supreme Court judge for their public comments vilifying former employee Amber Harrison.
Topics: law-crime-and-justice, business-economics-and-finance, company-news, media, australia