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News: Money

ExxonMobil considers importing LNG to Australia

Monday  20:37,   18 june 2018

ExxonMobil Corp is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share. The move would compete with plans by both Australia's no.2 energy retailer AGL Energy (AGL.AX) to start[...]

Australia's Favourite Fast Food Restaurants, Ranked

Monday  15:56,   18 june 2018

I'm trying to decide whether or not I'm surprised by the fact that McDonald's remains Australia's favourite fast food, over the likes of KFC and Subway. I'm going to say "no" — despite moves from smaller franchises and a general[...]

South32 agrees to buy Arizona Mining in all-cash $US1.3 billion deal

Monday  15:01,   18 june 2018

BHP spin-off South 32 has entered into an agreement to buy out the remaining 83% of Arizona Mining it doesn't already own. The deal is based on an all-cash offer of $US1.3 billion ($AU1.75 billion) for the Toronto-listed[...]

Comment: Where I would invest $10,000 in the share market

Monday  14:56,   18 june 2018

<p>Although rates are rising in the United States, recent local economic data appears to rule out an increase in rates over here any time soon.</p>In light of this, I continue to believe that investors would be better off skipping savings[...]

Comment: Here's why supermarkets are getting smaller

Monday  11:55,   18 june 2018

Australian supermarket chain Coles will be spun off into a separate entity by owner Wesfarmers, the company said on Friday.If you think your local supermarket is shrinking, you might be[...]

Granddad leaves behind treasure trove of 80,000 records, believed to be Australia's biggest collection

Monday  10:46,   18 june 2018

What is thought to be Australia's biggest record collection is up for grabs.&nbsp;The collection belonged to Gold Coast grandfather, Ken Perkins, who left behind a treasure trove of more than 80,000 records after his[...]

Congested roads overtake aircraft noise as biggest Sydney Airport gripe

Monday  08:10,   18 june 2018

Plane noise for residents living under flight paths is no longer the biggest concern about Australia's busiest airport.And with only one bus route, Australia's busiest airport is pressing the state government to improve bus links, especially to[...]

NSW stamp duty nets $13.8 billion — and some are calling for reform of the tax

Monday  07:51,   18 june 2018

Despised by property buyers, it is the New South Wales Government's most lucrative source of revenue. LLast financial year, stamp duties and land taxes, levied on home-buyers and investors, netted NSW Treasury a whopping $13.8[...]

Melbourne dentist faces fresh allegations of underpaying staff

Monday  07:37,   18 june 2018

The former operators of a Melbourne dental practice are facing new allegations of underpaying a 457 visa-holder. The Fair Work Ombudsman is taking legal action on behalf of a South Korean national, who was in his late 20s when he was allegedly[...]

Comment: Elon Musk's plans for Tesla keep getting weirder and it could put the company's future at risk

Monday  06:15,   18 june 2018

Tesla has been struggling with fundamentals and has lost billions. But the auto industry has never been better, enjoying years of booming sales and profits.Load[...]

Exclusive strip dubbed Sydney's 'Millionaire's Row' is quickly becoming Australia's most sought-after address - with apartments going for $2,200 a week

Monday  05:09,   18 june 2018

A suburb in Sydney, Australia is costing renters up to $2,000 per week to rent a two bedroom apartment. A property in the suburb recently sold for $3.5 million within one week.Wealthy renters are snapping up two-bedroom apartments in Barangaroo,[...]

Comment: Pizza wars: paying heavy price for a slice

Monday  05:09,   18 june 2018

When franchisors squeeze franchisees too hard, the consequences can be profound. A Federal Circuit Court case on Thursday outlined the implications when franchisees are struggling. It involved a Pizza Hut franchisee on the Gold Coast who was forced[...]

Online baby retailer changes name as shoppers wait for purchases

Monday  04:06,   18 june 2018

Kelly ordered blinds for her baby's room in summer. She is still waiting for them to arrive.An online baby clothes retailer accused of failing to deliver goods purchased through its website is still operating despite telling its customers it had [...]

Why China “holds all the aces” in a full-blown US-China trade war

Monday  04:06,   18 june 2018

U.S. tariffs on $50 billion of China goods were imposed Friday to protect U.S. intellectual property and technology. It prompted China to retaliate.On Friday the Trump administration announced it will impose a 25 percent tariff on up to $50 billion[...]

NSW budget sweetener on the way for small business as payroll tax threshold lifted

Monday  03:05,   18 june 2018

Lifting the payroll tax threshold will deliver $881 million in savings for business over four years, the Government says, but NSW Labor describes it as a modest[...]