News: Money

Twitter Lite is now available in 21 more countries

Tuesday  08:52,   14 august 2018

Many of us want to engage with the rest of the global society, whether we live in major cities with blazing fast mobile connections or areas where data is prohibitively expensive or slow. Load[...]
News / Money

Suncorp used 'tax surplus' for admin rather than return money to members

Tuesday  06:55,   14 august 2018

Suncorp's superannuation trustee used tax refunds within funds to purchase administrative services from other parts of the financial conglomerate.As part of its scrutiny of superannuation trustees, the Hayne royal commission on Monday afternoon[...]

Domino's Pizza savaged after falling short on profit and sales growth

Tuesday  06:30,   14 august 2018

Shares dive as much as 12 per cent after the fast-food giant reveals it missed its profit guidance and sales targets.The pizza chain on Tuesday reported normalised net profit after tax of $136.2 million for the year to July 1, up 15 per cent from[...]

Banking royal commission: NAB accused of delaying compensation confession to ASIC for PR purposes

Tuesday  04:56,   14 august 2018

NAB has been accused of delaying telling the corporate regulator about a substantial increase in remediation payments to customers, in order to stop adverse publicity from upsetting an annual results presentation. The accusation follows the [...]

A pillow case of cash, a broken jaw and an outgoing executive

Tuesday  04:05,   14 august 2018

It was a memorable moment for the outgoing chief financial officer of Rio Tinto, Chris Lynch, early on in a high-flying business career.It occurred one morning in Geelong in the 1970s and was far removed from the mining industry when a prospective[...]

The owner of John Cootes Furniture is shutting down the old-school retail chain

Tuesday  03:55,   14 august 2018

<p>The owner of John Cootes Furniture is closing down the iconic furniture retail chain which was known for its TV ads in the 1980s and 1990s.</p>About 90 full-time staff and 45 part-time staff will lose their[...]

Australia's Capilano Honey gets $189 million bid from consortium

Tuesday  02:56,   14 august 2018

Australia's Capilano Honey Ltd said a consortium of China-focused Wattle Hill RHC Fund and Roc Partners agreed to buy the company for $189.8 million.The deal, which comes at a time of enormous Chinese interest Down Under, will offer the honey[...]

Woolworths charges man for bringing in his OWN reusable shopping bags – but the supermarket giant claims a computer glitch is to blame

Tuesday  02:06,   14 august 2018

A Cairns man was charged eight cents for bringing in his own reusable shopping bags to Woolworths last week.Woolworths has charged a man for bringing in his own reusable shopping[...]

Australian dollar at 1-1/2 year lows on risk off trade, kiwi soft

Tuesday  02:06,   14 august 2018

<p>"Risk-off is never good for the Aussie dollar," said Greg McKenna, chief market strategist at AxiTrader.</p> The Australian dollar skidded to 1-1/2 year lows today as investors drove to perceived safe-haven currencies following a [...]

Melbourne's market continued to lead Australian house prices lower last week

Tuesday  00:31,   14 august 2018

Weekly data from CoreLogic showed house prices fell by 0.1% last week across Australia’s five largest capital cities. © Supplied [...]

Higher coal volumes lift Aurizon earnings

Tuesday  00:31,   14 august 2018

Higher coal volumes combined with productivity and cost savings have helped rail freight operator Aurizon lift its underlying net profit by 10 per cent.Aurizon managing director Andrew Harding said the company had “delivered a solid performance in[...]

Google tracks your movements, like it or not

Monday  20:21,   13 august 2018

You might think you've stopped Google from storing your location by turning off a setting called "Location History" _ but you'd be wrong.&nbsp;An Associated Press investigation found that many Google services on Android devices [...]

Hackers could use fax machines to take over entire networks, researchers warn

Monday  16:06,   13 august 2018

By simply using a phone line and a fax number, attackers can infiltrate a company's entire computer network, according to a new report by Check Point Software Technologies.Researchers at Nasdaq-listed Check Point Software Technologies said that[...]

Government-controlled supermarkets accused of ripping off remote shoppers

Monday  10:56,   13 august 2018

A weekly shop in a remote town can cost almost twice as much as one in a capital city. Find out what your weekly staples could cost you if you ventured out to remote Queensland.The "inflated" prices were recorded last month at remote stores in[...]

Elaborate hack turned Amazon Echo speakers into spies

Monday  09:30,   13 august 2018

<p>It sounds nefarious, but it requires more steps than would be viable for most intruders.</p>Load[...]