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Lack of inflation in focus as central bankers John Williams, Janet Yellen take the stage

smh.com.au

Lack of inflation in focus as central bankers John Williams, Janet Yellen take the stage

- Inflation, or more simply the lack thereof, is making investors increasingly nervous about what lies ahead for global interest rates and how they should be positioned. With a lack of hard data scheduled to be released this week, the focus will be on a slew of policy speeches by officials from central banks around the world with San Francisco Fed boss John Williams poised to speak in Sydney today on how to foster sustainable growth in the US economy

Categories: Business | 
Places: Oceania |  Australasia |  Australia | 

Australians see Dubai as gateway to Gulf food markets

gulfnews.com

Australians see Dubai as gateway to Gulf food markets

- Australian food producers see Dubai and its flagship Gulfood exhibition as a valuable gateway to the important strategic markets of the UAE and the Gulf, with some companies looking beyond to Africa and Europe, all of which complements the major Australian export markets in China and other Far Eastern countries. The Australian state of Victoria leads the way in the country’s food business since it produces 24 percent of Australia’s food exports from only 3 percent of the vast country’s total landmass

Categories: Business | 
Tags: Markets |  Sectors | 
Places: Oceania |  Australasia |  Australia |  Asia |  Mideast |  United Arab Emirates | 

This week in finance: Banks and iron ore the barbell weighing down the ASX, while Rio Tinto has a tricky choice

abc.net.au

This week in finance: Banks and iron ore the barbell weighing down the ASX, while Rio Tinto has a tricky choice

- With little inspiration to be drawn from a flat end to the week on Wall Street, ASX futures traders took a punt that this week might start a little higher. But then again, it was neither a very big nor convincing bet. Markets on Friday's close: ASX SPI 200 futures +0.1pc at 5,662 AUD: 75.76 US cents, 67.57 euro cents, 59

Categories: Business | 
Tags: Finance | 
Places: Oceania |  Australasia |  Australia | 

Australian sees Dubai as gateway to Gulf food markets

gulfnews.com

Australian sees Dubai as gateway to Gulf food markets

- Australian food producers see Dubai and its flagship Gulfood exhibition as a valuable gateway to the important strategic markets of the UAE and the Gulf, with some companies looking beyond to Africa and Europe, all of which complements the major Australian export markets in China and other Far Eastern countries. The Australian state of Victoria leads the way in the country’s food business since it produces 24 percent of Australia’s food exports from only 3 percent of the vast country’s total landmass

Categories: Business | 
Tags: Markets |  Sectors | 
Places: Oceania |  Australasia |  Australia |  Asia |  Mideast |  United Arab Emirates | 

The sale whisperer: Melbourne's best shopping June 22-29

theage.com.au

The sale whisperer: Melbourne's best shopping June 22-29

- The weather outlook for this weekend is pretty dreary but there are some Australian designer label sales to brighten your mood (and wardrobe). If you're quick, you can catch warehouse sale, with prices starting at just $5. Designer Jacqui Demkiw will be in the house to help you pick out a new outfit. The darling of Paris, , is holding a three-day sale which organisers promise will be the brand's biggest

Categories: Business | 
Tags: Markets |  Consumers |  Shopping | 
Places: Oceania |  Australasia |  Australia |  Victoria |  Melbourne | 

SA budget: BankSA steps up protest against bank levy

abc.net.au

SA budget: BankSA steps up protest against bank levy

- BankSA has put on ice plans to set up a new team in Adelaide, which would have created 150 jobs, in response to the South Australian Government's budget. The bank yesterday lashed out at the Government's new bank levy, describing it as bad public and economic policy. It pulled out of this morning's post-budget lunch in protest and chief executive Nick Reade later announced that plans to create a business process automation team in Adelaide were now on hold

Categories: Business | 
Places: Oceania |  Australasia |  Australia |  South |  Adelaide | 

Shock state levy spoils bank recovery on ASX

smh.com.au

Shock state levy spoils bank recovery on ASX

- A new round of selling in the big four banks after the South Australian government unveiled its own state-based version of the federal bank levy kept the market suppressed on Friday, holding back the market's recovery after a heavy mid-week sell-off. The benchmark S&P/ASX200 index ended Friday's session up 15 points, gaining 0.2 per cent to 5715.9. But two days of positive trading weren't enough to overcome Wednesday's large 1

Categories: Business | 
Places: Oceania |  Australasia |  Australia | 

Perth accountant jailed 8 years for pocketing $2m out of 'greed and ego'

smh.com.au

Perth accountant jailed 8 years for pocketing $2m out of 'greed and ego'

- A former Perth accounting firm director who pocketed nearly $2 million by secretly amending clients' tax returns has been jailed for eight years. Peter Stamatopoulos was one of three directors at Claremont-based accounting firm Stirling Partners when he altered 112 tax returns between 2011 and 2015. During his sentencing in Perth District Court on Thursday, defence lawyer Sam Vandongen said the 51-year-old's greed, ego and desire to appear wealthy had fuelled his deception

Categories: Law & Crime | 
Tags: Retrials |  Trials |  Civil Actions |  Judiciary | 
Places: United States |  North America |  Americas | 

Why I won't bother crowdfunding again

smh.com.au

Why I won't bother crowdfunding again

- Raising about $300,000 more than you were hoping for on a crowdfunding platform sounds like a dream come true for most small business owners. But the result felt lacklustre for the founders of Henty, which produces garment bags for active travellers. Henty CEO Jeremy Grey and his business partner Jon Gourlay turned to crowdfunding to gauge interest in Co-Pilot – a new travel bag that keeps suits crease-free

Categories: Business | 
Places: Oceania |  Australasia |  Australia | 

Moody's downgrades Australian bank credit ratings

smh.com.au

Moody's downgrades Australian bank credit ratings

- Credit rating agency Moody's has downgraded a dozen Australian banks, including the big four, citing increased risks in the nation's increasingly indebted households. Moody's stripped the big four banks - the Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), and Westpac Banking Corporation (Westpac) - of their Aa2 long-term rating and placed them on the next level down at Aa3, although it did not alter their short term ratings

Categories: Business | 
Places: Australia |  Australasia |  Oceania | 

Business leaders, former WTO chief slam Turnbull government's visa changes

smh.com.au

Business leaders, former WTO chief slam Turnbull government's visa changes

- Business leaders and one of the world's top economic experts have savaged the federal government's visa changes, accusing them of threatening the economy and labelling foreigners as barbarians. Coca-Cola Amatil managing director Alison Watkins, Woodside chief executive Peter Coleman and GE president Geoff Culbert described changes that will further restrict access to Australia's visa system as hypocritical and retrograde. Former World Trade Organisation director Pascal Lamy lashed out at changes spurred by the global populist phenomenon

Categories: Politics & Government |  Business | 
Places: Australia |  Australasia |  Oceania | 

Australian banks agree $4.6 billion tax hit not fatal but want foreign rivals included

reuters.com

Australian banks agree $4.6 billion tax hit not fatal but want foreign rivals included

- SYDNEY Australia's five biggest banks on Friday agreed a surprise $4.6 billion tax can be absorbed without damaging the stability of the country's financial system or pushing lenders to move overseas, but have asked that foreign rivals face the same levy. Banks have criticized the tax as unfair since its unveiling last month, but executives on Friday told lawmakers they agreed with the Australian Prudential Regulation Authority's assessment that it would not threaten the financial system

Categories: Business | 
Places: Oceania |  Australasia |  Australia |  United States |  South Wales |  Sydney | 

Not yet Amazon Prime time: Australia retail sell-off overblown?

channelnewsasia.com

Not yet Amazon Prime time: Australia retail sell-off overblown?

- SYDNEY/SAN FRANCISCO: Since Amazon.com Inc said in late April it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would be hit. More than US$3 billion, or over 4 percent, has been wiped off the collective market value of six companies - Wesfarmers Ltd , Woolworths Ltd , JB Hi-Fi Ltd , Harvey Norman Holdings Ltd Super Retail Group Ltd and Myer Holdings Ltd - and Morgan Stanley analysts predict Amazon's entry will knock 2-15 percent off what their annual sales would have been by 2026

Categories: Business | 
Tags: Markets | 
Places: Oceania |  Australasia |  Australia |  Singapore |  South Wales |  Sydney | 

Not yet Amazon Prime time: Australia retail sell-off overblown?

reuters.com

Not yet Amazon Prime time: Australia retail sell-off overblown?

- SYDNEY/SAN FRANCISCO Since Amazon.com Inc (AMZN.O) said in late April it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would be hit. More than $3 billion, or over 4 percent, has been wiped off the collective market value of six companies - Wesfarmers Ltd (WES.AX), Woolworths Ltd (WOW

Categories: Business | 
Tags: Markets | 
Places: Oceania |  Australasia |  Australia |  Americas |  North America |  United States |  West |  Pacific |  California |  North |  Bay Area |  San Francisco |  South Wales |  Sydney | 

Five arrested over alleged $30 million investment fraud syndicate run from Gold Coast, Brisbane

abc.net.au

Five arrested over alleged $30 million investment fraud syndicate run from Gold Coast, Brisbane

- An alleged $30 million investment fraud syndicate that preyed on 2,000 victims across Australia has been shut down, Queensland police have said. The two-year operation by the State Crime Command culminated today in raids on homes and businesses on the Gold Coast and one residence and business in Brisbane. Four men aged in their 30s and 40s, and a 41-year-old woman have been arrested and charged

Categories: Business |  Law & Crime | 
Tags: Crimes |  Finance |  Investments |  Frauds | 
Places: Oceania |  Australasia |  Australia |  Queensland |  Brisbane | 

Network Ten goes into voluntary administration

theage.com.au

Network Ten goes into voluntary administration

- Channel Ten has been forced to go into voluntary administration after its billionaire shareholders told it on the weekend they would no longer guarantee a key loan. The TV broadcaster has appointed KordaMentha as voluntary administrators of the company and its subsidiaries, it announced in a statement to the ASX on Wednesday morning. Having lost the support of billionaire backers Lachlan Murdoch and regional TV network owner Bruce Gordon, it "left the directors with no choice but to appoint administrators", the statement said

Categories: Business | 
Tags: Money |  Wealth |  Billionaires | 
Places: Oceania |  Australasia |  Australia | 

Small business owners put success above wellbeing, study shows

abc.net.au

Small business owners put success above wellbeing, study shows

- The promise of flexible working hours and complete autonomy draws many people to start up small businesses, but being your own boss often comes with a 24-7 commitment that can have implications for your health. Key points: Two-thirds of small business operators suffer stress with work Personal finances are commonly used to sustain cash flow Late payments from larger businesses are a growing problem A new study indicates small business owners sacrifice their personal wellbeing in order to achieve success in their business

Categories: Business | 
Places: Oceania |  Australasia |  Australia | 

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  • The sale whisperer: Melbourne's best shopping June 22-29
    The sale whisperer: Melbourne's best shopping June 22-29

    , theage.com.au

    The weather outlook for this weekend is pretty dreary but there are some Australian designer label sales to brighten your mood (and wardrobe). If you're quick, you can catch warehouse sale, with prices starting at just $5. Designer Jacqui Demkiw will be in the house to help you pick out a new outfit. The darling of Paris, , is holding a three-day sale which organisers promise will be the brand's biggest

     

    Categories: Business | 
    Tags: Markets |  Consumers |  Shopping | 
    Places: Oceania |  Australasia |  Australia |  Victoria |  Melbourne | 

Corporate

  • Perth accountant jailed 8 years for pocketing $2m out of 'greed and ego'
    Perth accountant jailed 8 years for pocketing $2m out of 'greed and ego'

    , smh.com.au

    A former Perth accounting firm director who pocketed nearly $2 million by secretly amending clients' tax returns has been jailed for eight years. Peter Stamatopoulos was one of three directors at Claremont-based accounting firm Stirling Partners when he altered 112 tax returns between 2011 and 2015. During his sentencing in Perth District Court on Thursday, defence lawyer Sam Vandongen said the 51-year-old's greed, ego and desire to appear wealthy had fuelled his deception

     

    Categories: Law & Crime | 
    Tags: Retrials |  Trials |  Civil Actions |  Judiciary | 
    Places: United States |  North America |  Americas | 

Finance

Banking Institutions

  • CBA exec says cash may 'disappear' from more bank branches
    CBA exec says cash may 'disappear' from more bank branches

    , smh.com.au

    Consumers can expect to see more bank branches without cash, as the boom in digital finance pushes banks to use their retail stores to sell more complex financial products. As cash and cheque usage slide, an executive from Commonwealth Bank said cash would probably "disappear" from more branches, or cash transactions would be conducted through machines rather than over the counter

     

    Categories: Business | 
    Places: Oceania |  Australasia |  Australia | 

Financial Institutions

Enterprises

Money

  • CBA exec says cash may 'disappear' from more bank branches
    CBA exec says cash may 'disappear' from more bank branches

    , smh.com.au

    Consumers can expect to see more bank branches without cash, as the boom in digital finance pushes banks to use their retail stores to sell more complex financial products. As cash and cheque usage slide, an executive from Commonwealth Bank said cash would probably "disappear" from more branches, or cash transactions would be conducted through machines rather than over the counter

     

    Categories: Business | 
    Places: Oceania |  Australasia |  Australia |