News: Money

NSW Climate Change Fund underspent more than $250m in past three years

Sunday  12:15,   18 february 2018
The Age

The Berejiklian government's Climate Change Fund has collected in excess of a quarter of a billion dollars more than it has spent in the past three years , delaying investment the Greens say should have gone on bolstering communities against the [...]

Here's how the world's rich travel and spend their money

Saturday  02:57,   17 february 2018
Business Insider Australia

The world's wealthiest individuals like their luxury hotels. According to consultancy New World Wealth in its 2018 annual review, multi-millionaires (those with with $US10 million or more in net assets) visited these hotels during the past year: [...]

2 sentences from the RBA governor reveal the good, the bad, and the ugly about pay in Australia

Saturday  02:57,   17 february 2018
Business Insider Australia

RBA governor Phil Lowe has shared some interesting signals that the central bank sees coming from the labour market relating to wages growth.His opening statement was a broadly upbeat overview of the economy with a note of caution about household[...]

AUSTRALIAN STOCKS CLOSE THE WEEK AHEAD Here's what you need to know

Saturday  02:56,   17 february 2018
Business Insider Australia

Australian stocks closed the session marginally lower but ended the week ahead. Today’s scoreboard. ASX200. 5,904.00 -5.00 -0.08% All Ordinaries. 6,004.80 -3.90 -0.06% [...]

Apple’s New Spaceship Campus Has One Flaw – and It Hurts

Saturday  02:56,   17 february 2018
Bloomberg

Some distracted staff are walking into glass panes designed to foster collaborationThere’s been one hiccup since it opened last year: Apple employees keep smacking into the[...]

Uber CEO aims to pare losses and get 'the love back'

Friday  08:58,   16 february 2018
Associated Press

Uber CEO Dara Khosrowshahi is focused on cutting the company's massive losses and "getting the love back" after a year of damaging revelations about the ride-hailing service's sometimes heartless treatment of its employees,[...]

End of an era as iconic beauty brand Avon prepares to leave Australia

Friday  08:58,   16 february 2018
MSN

The company has struggled to give the brand a make-over in recent years, with product and marketing overhauls unable to turn around dwindling sales. President and Managing Director of the Australia New Zealand branch Sharon Plant announced the[...]

End of an era as iconic beauty brand Avon prepares to leave Australia

Friday  08:58,   16 february 2018
MSN

The company has struggled to give the brand a make-over in recent years, with product and marketing overhauls unable to turn around dwindling sales. President and Managing Director of the Australia New Zealand branch Sharon Plant announced the[...]

John McGrath confirms credit account with bookmaker

Friday  08:57,   16 february 2018
Sydney Morning Herald

Mr Real Estate says he "enjoys a punt" but that's no risk to his company.Trading in McGrath shares was halted on Thursday morning and the company's results announcement delayed as the company said it had to deal with information linked [...]

Comment: 'I'm old fashioned in terms of retail': Hounsell's kiss of death for Myer

Friday  08:57,   16 february 2018
Sydney Morning Herald

If Myer's new executive chairman, Gary Hounsell, wants a glimpse into his future, he only needed to look over the ditch at Auckland Wednesday morning.If Myer's new executive chairman, Gary Hounsell, wanted a glimpse into his future, he only[...]

If you put $1,000 in Facebook in 2012, here's what you'd have now

Friday  08:56,   16 february 2018
CNBC

Even with the stock market's recent volatility, a $1,000 investment in Facebook in 2012 would still prove to be a good bet.Even given the stock market's recent volatility, a $1,000 investment in Facebook six years ago would still prove to be a[...]

Zoë Foster Blake forced to recall Breakup Boss merchandise

Friday  08:55,   16 february 2018
TV WEEK

Zoë Foster Blake has been forced to pull her 'Break-Up Boss' merchandise after unwittingly infringing the copyright of an international fashion brand. "Earlier this week I launched some @breakupboss merch to support my app/book, and some of [...]

Pies close in on ground-breaking deal to sell pokies to racing club

Friday  08:55,   16 february 2018
The Age

Collingwood is deep in negotiations with Melbourne Racing Club over a deal that would see it sell its lucrative poker machine venues. And another leading AFL club, Geelong, also has held discussions with the MRC about a potential sale of its gaming[...]

Victims of cryptocurrency hack suing Coincheck for $650 million theft

Friday  08:53,   16 february 2018
ABC News

Victims of one of the world's largest cryptocurrency hacks are suing the Japanese company whose network was breached in a theft worth more than $650 million. Lawyers have launched proceedings against the company in the Tokyo District Court, and[...]

Multibillion-dollar cosmetics brand Avon is exiting Australia: Did it fail to shake the "housewife" vibe?

Friday  08:53,   16 february 2018
Smart Company

Global cosmetics selling giant Avon will exit the Australia and New Zealand markets by the end of 2018, saying it sees no "long-term path to profitability" Down Under.Global cosmetics selling giant Avon will exit the Australia and New[...]