Local shares are getting little direction from Wall Street, which has ended narrowly mixed on a day when better than expected earnings were offset by several key misses.
Treasury secretary Martin Parkinson has talked up global growth as the IMF has marked down its forecasts, saying he is sifting through 700 measures that should expand leading economies in the lead-up to the G20 meeting in December.
The man in charge of Australia’s biggest gold miner has declared ''cash is king'', and indicated he will not consider asset sales, equity raisings or expensive new developments until his existing mines are performing at their full potential.
The banking regulator is being urged to take tougher action on big companies that flout the rules on use of the word “bank”, after Woolworths was revealed to have used the term for more than two years without a licence.
After being engulfed in a disclosure debacle in June last year that resulted in it paying penalties of $1.2 million, Newcrest kept a tight lid on its latest writedown announcement, but its news was still downbeat.
Just a week after Newcastle Jets announced their new naming rights sponsor – Nathan Tinkler's sand mine business, Castle Quarry Products (CQP) – receivers have been appointed by Commonwealth Bank to sell the nine-hectare site.
Senior Westpac banker Brian Hartzer says banks should try to act like start-up companies if they are to thrive in an era of sweeping technological change.
The Commonwealth Bank's boss, Ian Narev, recently noted that the financial fallout from the bank's financial advice scandal had not been significant and it's probably fair to say that in the longer term it won't sustain any real brand damage.
SABMiller, the world's second-biggest brewer that paid $12.3 billion for Foster's in 2011, has blamed the consumer fall out from Treasurer Joe Hockey’s severe federal budget and heavy discounting on international premium brands for a sharp dive in beer revenue and volumes at its Australian arm.