Consumer confidence lifts in August on back of recent RBA rate cuts
Domain's result is of more concern to property investors than Fairfax ones
Fairfax has alerted the market to a slowdown in property listings in the first five weeks of the financial year, suggesting a lack of confidence among vendors. The status of real estate listing business Domain Group as the growth engine of Fairfax Media was never in doubt.However following its split out from the traditional metropolitan print business, which publishes The Australian Financial Review, Sydney Morning Herald and The Age, the performance w..>> view originalLIVE BLOG Last Updated 3.51pm AEST Rio Olympics 2016 Day 4 Live Coverage
United States' 200m freestyle gold medal winner Katie Ledecky is flanked by Sweden's silver medal winner Sarah Sjostrom, left, and Australia's bronze medal winner Emma McKeon. Picture: APThe Australian4:36PM August 10, 2016Save RIO OLYMPICS LIVE COVERAGE: Day Four has seen Australia win another two medals, this time bronze in the equestrian team eventing and the women’s 200m freestyle. It’s also been another dream day for US swimmer Michael Phelps. This blog is now closed. Join us tomorrow from ..>> view originalWestern Power to cut 175 jobs ahead of possible privatisation
Western Power to cut 175 jobs ahead of possible privatisation Updated August 10, 2016 16:58:18 Western Power has announced it will cut 175 jobs as it works to transform the business ahead of its possible sale by the WA Government. Key points:175 more jobs to go through voluntary redundanciesIn June, 326 employees took voluntary redundanciesWA Government plans to privatise Western Power Acting chief executive Guy Chalkley said in a statement around 175 employees would ..>> view originalCBA full-year profit hits new high
"Bank bashing" is causing foreign investors who are crucial to funding the country's financial system to question their appetite for investing in the Australian banks, Commonwealth Bank chief Ian Narev claims.After CBA said profits grew 3 per cent to $9.45 billion in the year to June, Mr Narev launched a defence of its move to only pass on about half of last week's official interest rate cut to mortgage customers, and stepped up the industry's opposition to a royal commission into banks. ..>> view originalUnclear if bad safety led to SA teen death
It's too early to tell whether poor worksite safety led to the death of a 17-year-old after a timber frame fell on him at an Adelaide construction site, the state's building association says.Apprentice Clyde Norris died in hospital after suffering head injuries when a wall collapsed at a residential building site in Fullarton, south of Adelaide, on Tuesday.The young man's brother, Oscar Norris, has paid tribute to him on Facebook."Rest In Peace Clyde, I love you! You will always be my bestfriend..>> view originalInvestor growth again outpaces owner occupiers in property market
Investor growth again outpaces owner occupiers in property market Posted August 10, 2016 17:20:56 Investors appear to have shrugged off tighter lending restrictions and more expensive loans to again outpace owner-occupier growth in the property market.In seasonally adjusted terms the value of investor loans in June grew by 3.2 per cent compared to the more modest 1.8 per cent growth in the owner-occupier market.The Australian Bureau of Statistics data showed overall h..>> view originalRBA governor Glenn Stevens' negative view of rates below zero
Exxon bid to scrap disputed Bass Strait wage deal
Computershare backs mortgage loan servicing division for growth
Computershare chief executive Stuart Irving says the underlying components of the firm are strong. Clerkenwell The chief executive of financial administration software company Computershare, Stuart Irving, has assuaged investors fears that the company's growth had run its course, saying it has already seen a boost from its diversification into mortgage loan servicing and expects it to be a future growth driver."Our key business is registry serv..>> view original
Friday, August 12, 2016
Consumer confidence lifts in August on back of recent RBA rate cuts and other top stories.
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