Brambles aims to cut CO2 by 20 per cent
Six reasons the RBA won't cut rates: CBA
The Australian dollar's meteoric rise during the past month has given the Reserve Bank of Australia fresh reason for concern, but it's unlikely to prompt a rate cut, the Commonwealth Bank says.A note written by chief economist Michael Blythe says the Aussie's 7 per cent appreciation in the past month had given the Reserve Bank fresh cause to consider a rate cut to try to force the Aussie lower."A currency-driven rate cut looks unlikely ... we expect the cash rate to remain at 2 per cent in 2016..>> view originalAir New Zealand loses passion for Virgin
Various Air New Zealand executives have been in Australia this week meeting with Virgin management. Photo: Supplied It was only a week ago that Virgin Australia's four major shareholders threw $425 million into the hat – a loan to the airline to repair its balance sheet.This week the largest of its shareholders, Air New Zealand, has executed a double backflip and announced plans to potentially sell its 26 per cent stake – signalling the fracturing of the boar..>> view originalANZ to refund $5 million to 25000 low-income customers including pensioners and Centrelink recipients
Video will begin in 5 seconds. ANZ CEO Shayne Elliott on restructuring and culture ANZ's new CEO says his experience running businesses will help prioritise different businesses within the bank, while stressing collaboration and diversity of thought. PT1M43S 620 349 ANZ will refund $5 million to 25,000 vulnerable, low-income customers with basic bank accounts after it charged incorrect late-payment and over-limit fees during seven years. ANZ failed to properly apply fee redu..>> view originalOverseas-born Australians reach highest level since 1895
Pushpa Belbase and her family moved to Rockdale, Sydney, from Nepal in 1996. Photo: Supplied The proportion of Australian residents born overseas has soared to its highest level in more than 120 years, new figures from the Australian Bureau of Statistics show.In 2015, more than 28 per cent of the population were born overseas, the largest proportion since 1895, according to the research released on Wednesday. The percentage has increased every year for the pa..>> view originalReforms could see ASX could lose monopoly
Bad debt charges spook bank investors
ANZ entered correction mode falling 10 per cent from its recent high over the past five sessions with the other major banks not far behind. Photo: Bloomberg That the sharemarket wiped $6 billion off the value of ANZ Banking Group after it revealed a $100 million bad debt charge last week shows just how anxious investors are that the credit cycle may have turned darker for the big banks.On Tuesday, the major banks were hit with heavy selling extending losses f..>> view originalTell Packer to walk if he doesn't like conditions on casino, says leading architect
Video will begin in 5 seconds. Packer 'games government' again Comment: Congratulations to Lend Lease/Crown for getting pretty much everything they want from the state government for James Packer’s Barangaroo casino. PT2M18S 620 349 If James Packer does not want to build a casino and apartment complex without reducing its impact on public land, the NSW government should tell him to walk away from the project, according to the head of the state's peak body for architects.The ..>> view originalDick Smith stores will close by April 30
It’s like the sale that never ends ... Picture: Mick TsikasDICK Smith stores will cease trading within the next month, the failed electronics retailer’s receivers have confirmed. Ferrier Hodgson this afternoon revealed that each of the failed electronics retailer’s remaining 363 stores in Australia and New Zealand are expected to cease trading by April 30.Staff at 35 outlets have been notified that their stores will close earlier over the coming weeks (scroll down for details).‘Move tech accesso..>> view originalYellen's dovish stance lifts markets but the price is Fed policy integrity
Fed chair Janet Yellen said there is much uncertainty around China, but the United States is doing fine. Photo: Manuel Balce Ceneta Federal Reserve chair Janet Yellen has asserted her dovish roots, causing the United States dollar to sell-off and shifting the outlook for interest rate hikes wholly in the market's favour.That means the Fed looks even less likely to get to its two targeted interest rate hikes in 2016 than it did at its March meeting two weeks a..>> view original
Wednesday, March 30, 2016
Brambles aims to cut CO2 by 20 per cent and other top stories.
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