News: Money

Citibank reckons it's time to ditch Australian stocks and head to Asia

Friday  20:37,   23 june 2017
Business Insider Australia

International investors own close to half of Australia's stock market, meaning sentiment towards the outlook for the Australian[...]

Brexit one year on proves it has been a diabolical and costly waste of time

Friday  20:01,   23 june 2017
Business Insider Australia

LONDON -- It has been exactly one year since Britain voted to leave the European Union and all that this year has proven is that Brexit has been a deeply costly waste of time. Since the referendum result we have seen:A year of leadership contests[...]

Comment: SA budget: Treasurer pulls off bank heist as other states watch on in interest

Friday  19:50,   23 june 2017

In the classic 1969 film 'The Italian Job', there's an object lesson in how to pull off a successful bank heist.SA Treasurer Tom Koutsantonis' cunning diversion was a[...]

How to delete yourself from the Internet

Friday  17:50,   23 june 2017

Here are several ways to effectively delete yourself from the Internet. Delete your online accountsYou probably have more online accounts than you realize – most of us do. We sign up for all sorts of services, from Netflix and Amazon to Groupon and[...]

Insight: Under pressure, Western tech firms bow to Russian demands to share cyber secrets

Friday  14:56,   23 june 2017

Russian authorities are asking Western tech companies to allow them to review source code for security products such as firewalls, anti-virus applications and software containing encryption.Russian authorities are asking Western tech companies to[...]

Australia's economy is being cushioned by a big increase in government spending

Friday  14:12,   23 june 2017
Business Insider Australia

Government spending in Australia has increased significantly in recent years, and looks likely to keep climbing. A research note from ANZ highlights that public sector spending accounts for more 23% of Australia's GDP. Government spending in[...]

Famed British architects Foster + Partners are designing a $1.5 billion skyscraper for Sydney's Circular Quay

Friday  13:36,   23 june 2017
Business Insider Australia

Developers Lendlease have chosen British architecture firm Foster + Partners, as the designer for what's being billed as Sydney’s tallest office tower. Circular Quay Tower at 180 George Street could be up to 263 metres tall - 19 metres more than [...]

Womenswear chain Green with Envy to close

Friday  13:26,   23 june 2017
Sydney Morning Herald

The self-proclaimed "Australian destination for fashion" to shut its doors after almost two decades in business."The end of an era!" the retailer told its mailing this[...]

The 'significant' housing crisis for single older Aussies

Friday  11:45,   23 june 2017

Millennials in Australia are struggling to buy their first homes. But even older Aussies are facing "significant crisis,” experts have warned. The Council on the Ageing said the pressure of carrying mortgages into retirement and finding[...]

Red Rooster pulls out of sharemarket listing

Friday  11:45,   23 june 2017
The Age

Plans to float the company behind Red Rooster on the stock market have turned out to be a turkey. Craveable Brands, which also owns the Oporto and Chicken Treat chains, said on Friday it would not go ahead with its slated initial public offering on[...]

Uber faces backlash from some employees over Kalanick's exit

Friday  11:45,   23 june 2017

SAN FRANCISCO — Uber CEO Travis Kalanick may have resigned, but some of his employees aren't having it.More than 1,100 Uber employees have signed a petition asking the company's board of directors to reinstate their recently ousted  boss,[...]

NAB hikes interest-only mortgage rates

Friday  11:10,   23 june 2017

National Australia Bank has followed its peers by raising its variable rates for interest-only mortgages to stay within APRA's regulated limit.NAB lifted interest-only rates for both owner-occupiers and investors by 0.35 percentage points as it[...]

This is how you ask your boss for a pay rise

Friday  10:50,   23 june 2017
Business Insider Australia

When Reserve Bank governor Philip Lowe argued that the real source of workers’ unhappiness was an unwillingness to lobby for higher wages, he overlooked a key tenet of negotiation. Negotiation is all about who has the power. If your skills[...]

Top 10 performing super funds this financial year revealed

Friday  10:50,   23 june 2017
Smart Company

It’s been a rocky year for global markets as political uncertainty took hold, but experts are pleasantly surprised by the returns of super funds in 2017 and are urging business owners to shop around.Superannuation research house SuperRatings has[...]

Calls for ATO service standard as another systems dropout “eats away” at accountants’ welfare

Friday  10:45,   23 june 2017
Smart Company

The idea of a service standard framework for the Australian Taxation office has been raised this week, after a four hour outage of services on Thursday meant some SMEs had to stop work for the day, leaving their offices in “disgust”. The[...]