Economists looked at jobs, RBA, finance
Economists looked at jobs, RBA, financeGarry Shilson-Josling, Aap EconomistAAPApril 15, 2016 4:02PMSavePrint Economists looked at jobs, RBA, financeFalling unemployment, rising housing finance, the RBA's worries about financial stability and the chance of a global recession all went into the mix for economists this week.On Tuesday, official figures showed housing finance approvals ticked up in February, bucking a downward trend.Westpac's Matthew Hassan said the figures were notable for a jump i..>> view originalStrong Aust job data leads to NZ dollar dip
CommInsure responds to scandal by appointing experts
Video will begin in 5 seconds. 'Profit first, everything else is second.' Whistleblower Ben Koh was chief medical officer at CommInsure, until he spoke out... PT1M31S 620 349 The Commonwealth Bank's insurance arm CommInsure has appointed three independent members to its new claims review panel as part of its response to a scandal in its life insurance business. The appointments follow a joint media investigation between Fairfax Media and 4 Corners into unethical practices at C..>> view originalLinc Energy goes into voluntary administration
Linc Energy goes into voluntary administration Posted April 15, 2016 17:31:04 Oil and gas company Linc Energy has been placed into voluntary administration.Administrators PPB Advisory has been called in to work with management on options including a possible restructure.Administrator Stephen Longley said they were focussed on working with Linc to review the company's operations and assets in Australia and the United States "We are confident that upon completion of thi..>> view originalLosing Australia's AAA rating could push up home loans
Video will begin in 5 seconds. AAA credit rating at risk Ratings agency Moody's says Australia could lose its AAA credit rating if it doesn't increase taxes and cut spending. Courtesy ABC News 24. PT1M41S 620 349 A downgrade to Australia's top-notch credit rating would likely push up interest rates on home loans by forcing the major banks to pay about $200 million a year more when borrowing from global markets, according to the most conservative estimates. The sustainability o..>> view originalVic coal mines to get higher rehab bills
Vic coal mines to get higher rehab billsBy Angus LivingstonAAPApril 15, 2016 4:17PMSavePrint Vic coal mines to get higher rehab billsVictoria's coal mine owners will pay hundreds of millions of dollars more for their rehabilitation after Premier Daniel Andrews said current levels were "not good enough".The existing rehabilitation bonds for the Gippsland mines will be increased in June from $15 million or less to $34.25 million for Yallourn, $36.7 million for Hazelwood, and $56 million for Loy Y..>> view originalAustralian dollar at nine-month high
Realtor McGrath shares in trading halt
Realtor McGrath shares in trading haltBy Petrina BerryAAPApril 15, 2016 4:54PMSavePrint Realtor McGrath shares in trading haltReal estate company McGrath has gone into a two-session trading halt to review its earnings forecast as the housing market eases.McGrath, which only listed on the Australian share market in December, has placed its shares on hold so it can assess how its earnings are progressing against the prospectus forecast.It plans an update to market before the securities recommence..>> view originalRio Tinto downplays interest in Anglo American's Australian coal assets
Rio Tinto's Sam Walsh, the outgoing chief executive officer, at the miner's annual general meeting in London on Thursday. Luke MacGregor Chief executives tend to play down speculation involving mergers and acquisitions so it's often helpful to take their comments with a grain of salt. However, Rio Tinto chief executive Sam Walsh seemed genuine enough on Thursday when he poured cold water on reports the London-based mining house was eyeing Angl..>> view original
Friday, April 15, 2016
Economists looked at jobs, RBA, finance and other top stories.
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