The day's business and finance news, with the latest trends on international share and currency markets, pointing to what Australians can expect in the day ahead.
- Weekdays 8:30pm on ABC News 24
- Weekdays 11:00pm on ABC1
(All times AEST)
The day's business and finance news, with the latest trends on international share and currency markets, pointing to what Australians can expect in the day ahead.
(All times AEST)
Posted | Updated
A battle erupted for the local company earlier this week with a Canadian dairy giant trumping Bega by offering almost $400 million. In an exclusive interview with The Business, Bega's boss Barry Irvine says he is still in the game.
Topics: business-economics-and-finance, australia
Posted
The Federal Government has been handed an early christmas present thanks to an unexpected drop in jobless numbers. The unemployment rate fell to 5.6 per cent in September with 9-thousand positions added in the month. But the result is weaker than the headline figures suggest.
Topics: business-economics-and-finance, australia
Posted
The nomination of Janet Yellen to succeed Ben Bernanke as the head of the World's most powerful central bank has soothed the worst of the market jitters for now at least. But the bigger problems of Government shutdown and a looming debt default remain. David Buik from Panmure Gordon speaks to Ticky.
Topics: business-economics-and-finance, australia
Posted
Shares in Bank of Queensland surged more than 6 per cent on the record net profit of $186 million compared to last year's $17 million loss. A crack down on riskier business and focus on margins delivered a modest growth of 2 per cent in loans under management and 8 per cent in retail deposits. Managing Director and CEO, Stuart Grimshaw speaks to Ticky.
Topics: business-economics-and-finance, australia
Posted
The federal government's plan to review Australia's renewable energy target has done little to dampen the enthusiasm of wind farm operators throughout the country who are meeting in Melbourne this week to discuss the sector's future. They say while constant policy changes and different state rules are challenging, they see them as challenges that can be overcome. It also seems one of the biggest hurdles has blown over with the majority of Australians now in support of wind energy.
Topics: business-economics-and-finance, australia
Posted
The International Monetary Fund has issued a blunt warning to the U.S. saying its political deadlock could cause turmoil in financial markets and drive the U-S economy into recession. The eminent economic forecaster has downgraded its forecasts for global growth citing a slowdown in emerging markets. The uncertainty over the U.S. is also having an impact here in Australia with consumer confidence losing some of its post election bounce.
Topics: business-economics-and-finance, australia
Posted
The new minister for the environment Greg Hunt has today re-confirmed the Government will scrap the carbon tax. But Mr Hunt wouldn't be drawn on whether the Government will call a double dissolution election if they don't receive support to repeal the tax. But the Coalition does say it will maintain the twenty per cent renewable energy target.
Topics: business-economics-and-finance, australia
Posted
For a broader analysis of energy, one of the keynote speakers at the All-Energy Australia conference, Jonathan Jutsen, founder of Energetics and Chairman of the Australian Alliance to Save Energy speaks to Ticky.
Topics: business-economics-and-finance, australia
Posted
The local market crept into positive territory despite the offshore headwinds. Ken Howard at RBS Morgans speaks to Ticky.
Topics: markets, business-economics-and-finance, stockmarket, australia
Posted
The sugar cane industry in North Queensland is expected to lose about 35 million dollars this year. About a million tonnes less cane has been produced and it's forced the earliest end to the crushing season in five years.
Topics: business-economics-and-finance, australia
Posted
Hundreds of miners on the south coast of New South Wales are working for nothing, as their company battles serious financial problems. Gurjurat NRE Coking Coal told it's workforce three weeks ago all pay would be suspended while they work towards a take over deal later this month. Still, the miners keep clocking on, despite the risk they'll never see any money.
Topics: business-economics-and-finance, australia
Posted
It's estimated Medibank Private could fetch anything up to four billion dollars if it were put on the market. It's just one shining example of the nation's silverware which could be sold off for billions. However critics argue that privatisation is just a lazy way to reform under-performing government businesses.
Topics: business-economics-and-finance, australia
Posted
The lack of headway in US budget negotiations is still casting a shadow over the local market. John Milroy at Macquarie Private Wealth speaks to Ticky.
Topics: markets, business-economics-and-finance, stockmarket, australia
Posted
Medibank has shown an 84 per cent in crease in net profit to $233 million, helped by growth in investment income, and a $1.4 billion health contract with the Defence Force. There is also talk of strong growth prospects for the year ahead. CEO George Savvides speaks to Ticky.
Topics: business-economics-and-finance, australia
Posted
It's one of the High Street's fashion retailing juggernauts and soon it will be landing in Australia. Swedish department store, H and M is spearheading the next wave of international stores heading to our shores. With more than two thousand stores in 43 countries H&M is big. It's opening in Melbourne next year taking the competition for consumers right to Myer's front door.
Topics: business-economics-and-finance, australia
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