Comcare reveals public servants' bizarre compensation requests
Comcare has revealed weird compensation requests by Australian public servants including lawn mowing, longer coffee breaks and breast reductions.
M&A to increase in coal, gold; bauxite can see improved activity
Coal and gold sectors could witness a rise in mergers and acquisitions this year, according to a research by Herbert Smith Freehills. The professional services firm said factors including, but not limited to, commodity prices, lower production costs and Australian dollar will be crucial in raising the levels of M&A for 2017.
Iron ore prices could fall by year end amid declining commodities prices
Iron ore prices are forecast to fall back to US$50 (AU$66.14) a tonne by the end of this year, as found by research firm Capital Economics. The steel making ingredient shrunk to its lowest in a decade, US$38 (AU$50.26) a tonne, at the start of last year.
Tesla Model 3 update: Time's ticking for EV-maker with barely 4 months left to start production
It was known that Tesla was building Model 3 prototypes, made clear by a shareholder’s letter in February. Now, a brand new video showcasing a Tesla Model 3 prototype has surfaced. The footage was reportedly taken at the SpaceX office in Hawthorne, California.
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Qantas to open upgraded lounges at Brisbane Airport
Qantas has announced that it would open its new Domestic Business Lounge and Premium Lounge Entry on March 14 at the Brisbane Airport.
David Jones unveils redesigned two-level store with a cafe in Sydney
David Jones has unveiled its redesigned two-level store in Macarthur Square Shopping Centre in Sydney.
BHP Billiton CFO says company tax cut can increase investment, jobs
BHP Billiton CFO Peter Beaven is pushing for a cut in company tax, which he said will lead to an increase in investment, employment and tax revenue. Beaven’s comments came during the Australian Financial Review’s Business Summit, held in Sydney on Thursday.
Iron ore price slumps further, drops below US$87 a tonne
Iron ore spot markets experienced another plunge on Thursday. The latest development took the spot market to new one-month lows.
Sephora opens first Brisbane store with Beauty Studio in April
Sephora has announced that it would open another Australian store at Westfield Chermside in April.
Qantas and Air New Zealand launch A4ANZ to reform travel issues
Air New Zealand and Qantas has launched an industry group that would tackle public policy issues affecting Australian and New Zealand travellers.
ECB meeting: three things to expect from the ECB monetary policy decision
The European Central Bank is expected to maintain dovish on its interest rate, but also maintain lower inflation target despite meeting the inflation target in February.
BHP Billiton to invest further in oil sector, forecasts demand to meet supply this year
BHP Billiton said it will be investing further in the oil market sector as prices experience a stable recovery. The mining giant believes oil demand will grow and come at par with supply this year.
Gold price sustains heavy blow, drops to lowest in a month
Gold futures declined on Wednesday, marking a slump for the seventh consecutive session. With this, the metal finished at its lowest recording since the start of February.
Iron ore slips close to US$85 a tonne as inventories at Chinese ports rise
The price of iron ore is threatening to dip below US$85 (AU$112.8) a tonne. The export slipped 2.6 percent to settle at US$85.3 (AU$113.2) overnight, according to the Steel Index.
Westpac CEO Brian Hartzer disagrees public naming of executives involved in breaches
Westpac chief Brian Hartzer was the last executive to face the second round of questioning of the parliamentary on Wednesday.
Korn Ferry earns AU$503M as third quarter fee revenue
Korn Ferry International announced on Monday that it has earned $381.9 million (AU$503M) for its third quarter fiscal year 2017 revenue fee.
Australian shares, hurt by weak materials sector, open lower Wednesday
Australian shares experienced a downslide on Wednesday. While prices of copper and iron ore showed a regressive growth, gold prices remained steady.
Aussie dollar slumps against US counterpart, settles at 75.87 US cents
The Australian dollar has witnessed a significant downslide against its US counterpart. The development comes amid a forecast in the increase of US interest rates supporting the US currency.
Donald Trump can change global trade landscape, force Australia to choose between US and China
US President Donald Trump coming into power could change the landscape of global trade, according to Michael Every, head of financial markets Asia Pacific for Rabobank at the Australian Bureau of Agricultural and Resource Economics and Sciences (Abares) Outlook.
Coca-Cola Amatil announces Wal King and chairman David Gonski's retirement
Coca-Cola Amatil has announced that four boardroom directors would retire in their position.
Downer buys Hawkins for NZ expansion
Downer EDI Limited announced its acquisition of New Zealand non-residential company Hawkins.
Iron ore spot markets stabilise following Monday's drop below US$90 a tonne
Iron ore spot markets delivered a mixed performance on Tuesday. The spot market for 62 percent fines saw an increase of 0.08 percent to reach US$89.80 (AU$118.14) a tonne, according to Metal Bulletin. This comes in the wake of prices dropping below the US$90 (AU$118.41) a tonne mark for the first time since Feb. 10.
JD Sports Australia store to open in April
JD Sports has confirmed that its Australian store will open in April.
Optus Business and Cisco announce updates on Cisco platforms, VCaaS and Contact-Centre-as-a-Service
Optus Business and Cisco has collaborated to create a smart workplace and to accelerate digital transformation on businesses and government organisations in Australia.
Navitas loses government contracts, shares down 16%
Navitas, Ltd. (ASX: NVT) said that losing government contracts could also mean reduced income of up to $14million in 2018 and beyond.
Samurais Paradise in Gold Coast allegedly paying overseas workers $8 per hour
Samurais Paradise Pty Ltd owner Shigeo Ishiyama has faced charges for allegedly paying his workers as little as $8 per hour.
Commonweath Bank, ANZ invest more in fossil fuel projects than renewable energy, report says
The four largest banks of Australia invested more in global fossil fuel projects than in renewable energy in 2016, according to finance group Market Forces. Investment in fossil fuels – $10 billion cumulatively to expand non-renewable energy – outpaces that of clean energy by as much as three times.
Airbus launches online booking tool allowing users to choose aircraft type
Airbus has launched a one-of-a-kind online booking tool that allows users to choose the type of aircraft they wanted.
Etsy reports growth in Q4 sales as it looks to introduce Etsy Studio, a market for craft supplies
Etsy, the online crafts supplier, reported significant growth in its gross merchandise sales (GMS) for the fourth quarter that ended on Dec. 31, 2016. The company’s GMS stood at $865.2 million, a jump of 16.7 percent for the same period the previous year.
Australian stocks to open slow ahead of RBA meeting
Australian stocks are expected to open slightly lower on Tuesday as investors await the decision of the Reserve Bank of Australia (RBA) for its second monetary policy of 2017.
Iron ore prices reach lowest level in a month, slide below US$90 a tonne mark
Iron ore prices weakened on Monday, going below the US$90 (AU$118.5) a tonne mark overnight. This comes as the lowest recording in almost a month. The price for 62 percent fines closed at US$89.73 (AU$118.14) – a decline of 1.7 percent from the previous trading day.
The ABC managing director Michelle Guthrie plans to create $50 million content fund
The ABC managing director Michelle Guthrie has planned to axe middle managers and supervisors to create $50 million content fund.
TK Maxx chooses 303 MullenLowe for advertising account
European retailer TK Maxx chose 303 MullenLowe to launch advertising campaigns for the retail giant’s international brands in Australia.
Sydney Airport carparking annual profit at $97.8 million
Australian Competition and Consumer Commission has released an Annual Airport Monitoring Report showing the performance of Brisbane, Melbourne, Perth and Sydney airports.
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