Friday, November 18, 2016

RBA content but watchful on jobs, housing and other top stories.

  • RBA content but watchful on jobs, housing

    RBA content but watchful on jobs, housing
    Jobs growth remains a concern for the Reserve Bank, which has noted a rise in part-time work could see people working more hours without improving the unemployment rate. The RBA gave a relatively upbeat assessment of the economy in its latest Statement on Monetary Policy, maintaining its forecasts for economic growth and inflation, and indicating it is content with the current cash rate of 1.5 per cent. Unemployment and jobs growth were a focus of the quarterly statement, as was the state of th..
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  • Hazelwood owner 'driven out of town' by Daniel Andrews: Frydenberg

    Hazelwood owner 'driven out of town' by Daniel Andrews: Frydenberg
    Hazelwood owner Engie was "driven out of town" by the Andrews government, Federal Energy Minister Josh Frydenberg has claimed.In a sign that a sensible national debate on energy security is unlikely any time soon, a war of words has erupted between the state and federal governments in the wake of the historic decision by Engie to close Hazelwood by the end of March. More News Videos Previous slide Next slide Hazelwood closes, 500 workers made redundant East We..
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  • Trump fears push ASX down

    Trump fears push ASX down
    Investors the world over spent the week agonising over the potential of a Donald Trump presidency in the United States, sending the ASX sliding to its third week in the red, while a steady stream of company news made for some big winners and losers.The ASX began the week with investors tentatively buying up stocks, but a newspoll suggesting Democratic candidate Hillary Clinton was losing her lead sent investors rushing for the exits, and the local bourse plunged further and further south over t..
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  • Uber is 'misleading', ATO confirms it's under watch

    Uber is 'misleading', ATO confirms it's under watch
    For some time Australian Taxation Office boss Chris Jordan has expressed publicly his frustration that technology giant Uber is not cooperative with the ATO on issues like its drivers paying GST, and that therefore the company could become the subject of an audit."If you were to have a company that was not transparent with us, and hadn't co-operated particularly well with us, and in fact made publicly incorrect statements, that could impact our view of them," Mr Jordan said at a senate estimate..
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  • Pumpkin Patch collapse: 27 stores to close, 145 jobs to go

    Pumpkin Patch collapse: 27 stores to close, 145 jobs to go
    Twenty-seven stores are set to close in Australia and 145 people will lose their jobs following the collapse of childrenswear retailer Pumpkin Patch.The stores will close by November 15. Another seven stores are set to close in Pumpkin Patch's home of New Zealand, with 57 people there to lose their jobs. Pumpkin Patch had seen its market capitalisation dwindle to just $10.1 million.  Receiver KordaMentha, working on behalf of Pumpkin Patch's bank ANZ, said "work is continuing to identify ..
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  • Slater & Gordon cops massive strike vote against its executive pay

    Slater & Gordon cops massive strike vote against its executive pay
    Law firm Slater & Gordon has been hit by a massive protest vote from shareholders against its pay packets as it delivered a quarterly update that showed ongoing issues in its UK business.Nearly 45 per cent of shareholders voted against the company's remuneration report at a meeting that was marked by strong investor anger. Slater & Gordon Chairman John Skippen leaves the company's AGM in Melbourne. Photo: Jesse Marlow More than 32 per cent of shareholders also voted against a long-term i..
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  • Amazon to 'destroy' Aussie retail

    Amazon to 'destroy' Aussie retail
    An Amazon Fulfilment Centre in the UK Picture: Jeff Spicer/Getty ImagesAMAZON is planning to “destroy” Australian retail when it lands in September next year with prices 30 per cent cheaper than local stores, according to reports.Speaking to The Australian Financial Review, Watermark Funds Management chief investment officer Justin Braitling said he had received a special briefing this week from Amazon about its Australian rollout.Mr Braitling said Amazon’s plan was to collect pricepoints on eve..
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  • Arrium administrators say less than five possible bidders for miner

    Arrium administrators say less than five possible bidders for miner
    Arrium administrators say less than five possible bidders for miner Posted November 04, 2016 18:11:49 The administrators of Arrium, Korda Mentha, say there are less than five possible bidders for the steelmaker and iron ore miner.Korda Mentha said a handful of local and overseas firms have been shortlisted to buy Arrium with the sale hoped to be finalised by the end of January next year.Arrium announced today it will sell its metal grinding subsidiary, Moly Cop, for j..
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  • Flight Centre profit warning sends shares sharply lower

    Flight Centre profit warning sends shares sharply lower
    Flight Centre profit warning sends shares sharply lower Posted November 04, 2016 13:32:28 Flight Centre has issued another profit warning, sending its shares sharply lower as the travel agent says record low airfares, subdued trading and lower-than-expected profits for its Top Deck and Back Roads touring businesses will hit its bottom line.Underlying first half profit is expected to be between $105 million and $120 million, compared to $145.9 million in the previous c..
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Search shifts after Lake King sighting .HoloLens spreads beyond the US, arriving in six new countries .
Apollo 11's Buzz Aldrin to present Canberra with plan for putting humans on Mars .Viv AI voice assistant heading to Samsung devices following buy-out .

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