Archived News for Finance Sector Professionals - April, 2013
The Federal Government has announced an agreement with China that will enable direct trading between the Australian Dollar (AUD) and the Chinese Renminbi (CNY).
Business conditions in freefall finds survey
Business conditions have deteriorated sharply in March to their lowest point since March 2009, with previously strong gains posted by retail and manufacturing beginning to flag.
Consumer sentiment stumbles
Consumer sentiment has once again proven to be a fickle beast, having dropped by over five per cent in April following a stellar return to form in March.
NSW announces new chair for Pillar
The New South Wales government has announced the appointment of Nicholas Johnson as the new head of the Pillar Administration, the State Government owned corporation responsible for providing superannuation administrative services to members of the NSW public sector.
Dyer steps down from Mirvac
Mirvac’s newly appointed Finance Diretor, Greg Dyer, will step down from the position after only eight months in the position.
Government outlines super reform
The Federal Government has confirmed it will cap tax exemption status for super contributions to the first $100,000 of personal income.
Dwelling approvals reverse fortunes
ABS Building Approvals show that the number of dwellings approved rose 3.1 per cent in February 2013, in seasonally adjusted terms, after falling for two months.
Government convenes super roundtable
The Federal Government has convened the sixth Super Roundtable as part of its ongoing reform to the superannuation sector.
Government outlines tax transparency reform
Large corporate entities would be required to disclose their total payable tax, under proposals floated by the Federal Government.
Retail continues strong rally
Retail turnover has grown by 1.3 per cent in February, according to the latest figures released by the Australian Bureau of Statistics (ABS).
Trade deficit narrows
Australia’s seasonally-adjusted trade deficit has narrowed to $178 million in February, according to the latest data released by the Australian Bureau of Statistics (ABS).
Cash rate left unchanged
The Reserve Bank of Australia (RBA) has announced it has left the country’s official cash rate at 3.0 per cent, following the Board’s meeting earlier this week.
Climate change a growing risk for investors
A new report shows that climate change is posing greater risk for investors than previously thought.
Could 2013 the year of the SME?
The nation’s small to medium enterprises have weathered a tough 2012, but remain confident that the nation’s economy is on the right track and will be in an improved position a year from now.
Government announces RBA appointments
Glen Stevens will continue to serve as Governor of the Reserve Bank for another three years after the Federal Government confirmed a range of senior finance appointments.
Thursby to step down amid senior reshuffle
ANZ has announced that Alex Thursby, CEO International and Institutional Banking, will step down from the role following his decision to take up the role Chief Executive of an unspecified bank in the Middle East.