News: Money

Ford Australia fined $10 million

Friday  11:07,   27 april 2018
MSN

The Australian car manufacturer appeared in Federal Court over poor treatment of its customers.The Australian company has admitted it mishandled thousands of complaints from people who bought vehicles that shuddered, jerked or lost power because of[...]

ExoMars Rover prepares for shake down ahead of Mars trip

Friday  11:07,   27 april 2018
Reuters

If the 2020 mission goes to plan it would be Europe’s first rover on Mars, following several successful NASA landings. Europe's last attempt to land a rover vehicle on the surface of Mars ended in disappointment in 2016 when Schiaparelli span out of [...]

QBE's chief executive just cut his own pay packet by $421,000

Friday  09:36,   27 april 2018
Business Insider Australia

QBE chief Pat Regan has responded to shareholder concerns over executive remuneration by agreeing to a 25% cut in his performance bonus. The move follows a resolution in the company's 2017 Executive Incentive Plan, which granted Regan[...]

ANZ Bank says Australian home loan restrictions are likely to get even tougher

Friday  09:36,   27 april 2018
Business Insider Australia

APRA, Australia's banking regulator, has announced that it will remove the 10% annual cap on investor housing credit growth on some Australian lenders. ANZ Bank says investor lending is likely to accelerate in the months ahead.Despite the[...]

The Australian dollar keeps on falling

Friday  09:31,   27 april 2018
Business Insider Australia

The AUD/USD has fallen for six consecutive sessions, the equal-longest losing steak since May 2015. That's its equal-longest losing streak since May[...]

Short-selling in Australian banks is on the rise

Friday  09:31,   27 april 2018
Business Insider Australia

Short-selling in Australian banking stocks increased in the March quarter. "Investors growing concerns from the Royal Commission and rising funding costs have resulted in increasing short interest across the sector, rising from 0.7% to[...]

UberEats and TV cooking shows killing Brisbane restaurant trade

Friday  08:40,   27 april 2018
MSN

The Brisbane market is especially fickle and some fear the industry is over-saturated. The concerns come off the back of the closure of several high profile restaurants in recent months.Hogs Breath, Arriva, Nickel... the names are endless and cut[...]

Australia's Westpac defends mortgage book as inquiry reveals poor controls

Friday  08:11,   27 april 2018
Reuters

<p>Australia's Westpac defends mortgage book</p>Australia's Westpac Banking Corp (WBC.AX) was forced to defend the quality of its mortgage book on Thursday as documents it provided to a judicial inquiry into financial sector wrongdoing[...]

National ban on Northern Territory citrus over canker disease puts livelihoods at stake

Friday  05:57,   27 april 2018
ABC News

Top End growers are counting the cost of a national ban on the Territory's citrus fruit, after a destructive disease made an unwelcome comeback. The discovery of citrus canker disease among a handful of plants in Darwin prompted all states and[...]

Major banks lead ASX fall

Friday  05:30,   27 april 2018
Sydney Morning Herald

The major banks have led the ASX lower as the fallout from the royal commission hits the financial services industry. The S&P/ASX 200 index finished down 10.7 points to 5,910.8, a loss of 0.2 per cent. Westpac was the most heavily targeted of[...]

Crown Casino set to be fined after poker machine tampering allegations

Friday  05:30,   27 april 2018
ABC News

Melbourne's Crown Casino is set to be fined for removing betting buttons from some of its poker machines without approval during a "trial", the ABC can reveal, after whistleblowers claimed it was a way to increase punter losses.Last[...]

Top WA executives get fat termination payouts up to $500,000, Treasurer Ben Wyatt confirms

Friday  02:35,   27 april 2018
ABC News

It's been revealed that 75 of the state's most highly paid bureaucrats received payouts of up to $500,000 each after their jobs were terminated, at a cost to taxpayers of more than $15 million — but the Treasurer says it will save money in[...]

Scientists set eyes on virtual Neanderthal 'brain'

Thursday  20:07,   26 april 2018
AFP

Scientists have for the first time set eyes on a three-dimensional Neanderthal brain in the form of a virtual model made to fit the empty, fossilised skulls of long-dead individuals, a study said Thursday.&nbsp;The reconstructed organ confirmed[...]

Total recall? Amazon's giving Alexa a memory

Thursday  19:08,   26 april 2018
CNET

New features are on the way for Amazon's voice assistant -- including the ability to remember things about you. New features are on the way once more for Amazon's Alexa, the company announced in a blog post Thursday. Specifically, she's set to [...]

AGL announces Newcastle gas-fired power plant to replace the Liddell power station

Thursday  15:36,   26 april 2018
MSN

AGL has released details for a gas-fired power plant in New South Wales, as part of its plans to replace the aging Lidell coal-fired station and move towards cleaner energy. The company said it was investing up to $400 million in the 252-megawatt[...]