Business News
NATIONAL BUSINESS
Slater to launch $1bn suit over dud British deal
STRICKEN law firm Slater and Gordon is planning to launch a $1 billion claim for fraud against the company that sold it an ailing British business.
Banks in dark over $6.2bn levy
THE big banks warn they could miss a crucial deadline to provide information to the federal government as it rushes to legislate for the controversial new bank tax.
Watchdog may halt handpass
BANK customers may yet be spared the full brunt of the $6.2 billion levy imposed on Australia’s biggest lenders in the federal Budget, according to a top ratings agency.
‘Labor lite’ Budget undermining a nation’s wealth
IN this week’s federal Budget, the Coalition implemented policies established in the Rudd/Gillard years, writes Alan Moran.
GrainCorp enjoys the cream of the crop
A RECORD Australian harvest has helped boost GrainCorp’s first-half profit more than fourfold and enabled it to double its interim dividend.
Myer chief backs turnaround in midst of storm
MYER chief Richard Umbers says retail conditions are tougher than the department store chain expected when it launched a major turnaround strategy less than two years ago.
Acquisition a Jem of an idea for Xped
AN Adelaide start-up that has gained international attention for its cutting edge software has been acquired by a publicly listed South Australian company for close to $1 million.
Warning on steel protectionism
POLITICIANS demanding that only steel produced in Whyalla be used in the Federal Government’s $8.4 billion inland rail program must be careful what they wish for, an international trade expert says.
Banks in dark over $6.2bn levy
THE big banks warn they could miss a crucial deadline to provide information to the federal government as it rushes to legislate for the controversial new bank tax.
Fears KI wharf project will create tourist risk
OPPONENTS of a proposed wharf on Kangaroo Island are ramping up their campaign against the project claiming roads will be “irreversibly damaged” and tourists put at risk by logging trucks delivering to the site.
Aussie slumps as Britain heads to polls
THE Australian dollar is spiralling towards a seven-month low against the pound after British Prime Minister Theresa May called a snap general election.
APRA: We’re just warming up
APRA chairman Wayne Byres says the banking regulator may take further steps in its efforts to ensure higher-than-normal cautiousness in residential mortgage lending.
Slater to launch $1bn suit over dud British deal
STRICKEN law firm Slater and Gordon is planning to launch a $1 billion claim for fraud against the company that sold it an ailing British business.
Westpac unveils $4bn cash profit
WESTPAC has reported an interim cash profit of $4.017 billion in what CEO Brian Hartzer has described as a ‘complex’ banking environment.
Photo Trump didn’t want us to see
RUSSIA has humiliated the White House by releasing pictures of Donald Trump getting cosy with “the biggest perpetrator of fake news” in the Oval Office.
Domino’s delivers first pizza by robot
DOMINO’S has finally delivered its first pizza by robot — silencing the critics who called its hi-tech experiments a “publicity stunt”.
