Archived News for Finance Sector Professionals - November, 2013
Even under the most modest global warming scenarios, extreme El Niño years will occur twice as often – a new report from the University of New South Wales says.
Billions banked on bus-rail build
The Queensland Government has unveiled plans to build a $5 billion dual bus and train tunnel across 5.4 kilometres of Brisbane’s CBD.
Jobs lost as mine slowing flows to supplier's pockets
Hundreds have lost their jobs as prominent mining equipment manufacturer Caterpillar continues to feel the strain of a not-quite-booming resources sector.
Economist asks for true value of tubes
Sometimes controversial economist Professor John Quiggin says a number should be put on the value of the internet.
Streets packed to keep the tax
Tens of thousands of Australians took to the streets over the weekend, speaking out about the need to fight climate change with realistic methods.
APRA moves to put up more super stats
The finance industry regulator is considering publishing more statistics and superannuation data, to enhance transparency in super funds.
Old guard startled by internet influx
Media billionaire Kerry Stokes says it is unfair that companies like Google are a source of competition in Australia, while not having to pay taxes to take part.
Sticking point struck on ceiling talks
The bickering has turned to accusation-flinging as a stand-off unfolds in parliament, with neither side willing to adjust the position on the debt ceiling just yet.
Commission plots the best path to road re-vamp
The Federal Government has unleashed the Productivity Commission on the task of investigating infrastructure costs, looking for the best way to deliver on their promise for significant improvements.
Debate fires up as Hockey moves to raise the roof
The Federal Treasurer believes the Opposition’s refusal to back the entirety of his attempted debt ceiling lift could lead to a government shut-down, as recently happened in the United States.
Groups link for vegetable boost
A new agreement could yield significant improvements for Western Australian vegetable producers, by linking them with local council resources.
Robb says twelve-month trade turnaround could happen
The person tasked with delivering an ambitious Federal Government promise says enhanced trade between Australia and its Asian neighbours can happen – hopefully within 12 months.
Bank boss says borders block success
At an address this week, Westpac’s Australian Financial Services chief executive Brian Hartzer said he thinks businesses need to refresh their thinking on workplace restrictions – encouraging employers to break down barriers that hinder chances at success.
Embattled truckers move to float above fire
Financial reports say the company that owns Cootes Transport will go ahead with its stock market float, despite its subsidiary’s troubles and safety review.
Australia offers small relief from massive devastation
The Australian Foreign Ministry has announced its response to the unfolding tragedy following the devastation of the Philippines by Typhoon Haiyan.
RBA cuts growth forecast
The RBA has substantially cut its growth forcast as the Australian dollar remains high and mining investment continues to drop off.
Twitter frenzy on the NYSE
There are a lot of smiling people considerably richer than they were 24 hours ago, as Twitter’s debut on the New York Stock Exchange shattered expectation, with the stock closing up 72% at the end of trade.
Unemployment figures soft across the board
The Australian Bureau of Statistic figures show the jobless rate staying steady at 5.7 in October. Although full time employment fell by 27,900 jobs, part time work was up 28,900 across the country.
Forces joined for substantial Sydney project
Three big players have come together for a joint venture which should see them deliver a seven-year road asset management project for Syney's South Zone.
Qantas engineers asked to step back to save money
An extreme offer has been made to over 300 Qantas engineering staff in a bid to save jobs.
Experts gauge the state of car-making
A report by industry consultants and university researchers says nearly 40,000 jobs would be lost if car makers pulled out of Australia this decade.