Record My Hours app: Features solve underpayment problems
The Fair Work Ombudsman has launched Record My Hours app that aimed to solve underpayment problems experienced by young workers and migrant workers.
Iron ore rallies further amid increase in Chinese output
Iron ore prices continued to increase higher on Thursday. As noted by the Metal Bulletin, the spot price for benchmark 62 percent fines climbed 1.85 percent to settle at US$92.61(AU$120.68) a tonne. With this, the overall increase over the last two sessions has been extended to 5.1 percent.
Major Australian vanadium project, signed by NT, to create 17,000 construction jobs
A Project Facilitation Agreement, as part of a mining resource project worth $850 million, has been signed between the Northern Territory and Australian resource company TNG. Called the Mount Peake Vanadium-Titanium-Iron Project, it will include a metals processing facility that will be constructed in Alice Springs, Northern Territory.
Ivanka Trump’s fine jewellery discontinued, offers less costly charms
Amid reports that sales of her brand have surged last month, Ivanka Trump’s fine jewellery line is shut down to focus on more accessible price points.
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Comcare reveals public servants' bizarre compensation requests
Comcare has revealed weird compensation requests by Australian public servants including lawn mowing, longer coffee breaks and breast reductions.
M&A to increase in coal, gold; bauxite can see improved activity
Coal and gold sectors could witness a rise in mergers and acquisitions this year, according to a research by Herbert Smith Freehills. The professional services firm said factors including, but not limited to, commodity prices, lower production costs and Australian dollar will be crucial in raising the levels of M&A for 2017.
Iron ore prices could fall by year end amid declining commodities prices
Iron ore prices are forecast to fall back to US$50 (AU$66.14) a tonne by the end of this year, as found by research firm Capital Economics. The steel making ingredient shrunk to its lowest in a decade, US$38 (AU$50.26) a tonne, at the start of last year.
Tesla Model 3 update: Time's ticking for EV-maker with barely 4 months left to start production
It was known that Tesla was building Model 3 prototypes, made clear by a shareholder’s letter in February. Now, a brand new video showcasing a Tesla Model 3 prototype has surfaced. The footage was reportedly taken at the SpaceX office in Hawthorne, California.
CBA finances Whitsunday, Hamilton and Gannawarra solar farms
The Commonwealth Bank of Australia (CBA) has financed $230 million solar farm project at Whitsunday, Hamilton and Gannawarra solar farms.
NAB and four universities launch financial planning scholarship
NAB Future Planners Scholarship was launched on Monday at four Australian universities, namely Deakin Business School, Griffith University, Western Sydney University and RMIT University.
Muffin Break and Jamaica Blue partner with Fair Work Ombudsman in workplace compliance partnership
Muffin Break and Jamaica Blue has partnered with the Fair Work Ombudsman (FWO) to make a public commitment to ensure workplace compliance.
Iron ore suffers weakness on Friday, trend likely to continue Monday
Iron ore spot markets sustained another downslide on Friday. With this, they have now slumped for the fifth time in six sessions.
Qantas to open upgraded lounges at Brisbane Airport
Qantas has announced that it would open its new Domestic Business Lounge and Premium Lounge Entry on March 14 at the Brisbane Airport.
David Jones unveils redesigned two-level store with a cafe in Sydney
David Jones has unveiled its redesigned two-level store in Macarthur Square Shopping Centre in Sydney.
BHP Billiton CFO says company tax cut can increase investment, jobs
BHP Billiton CFO Peter Beaven is pushing for a cut in company tax, which he said will lead to an increase in investment, employment and tax revenue. Beaven’s comments came during the Australian Financial Review’s Business Summit, held in Sydney on Thursday.
Iron ore price slumps further, drops below US$87 a tonne
Iron ore spot markets experienced another plunge on Thursday. The latest development took the spot market to new one-month lows.
Sephora opens first Brisbane store with Beauty Studio in April
Sephora has announced that it would open another Australian store at Westfield Chermside in April.
Qantas and Air New Zealand launch A4ANZ to reform travel issues
Air New Zealand and Qantas has launched an industry group that would tackle public policy issues affecting Australian and New Zealand travellers.
ECB meeting: three things to expect from the ECB monetary policy decision
The European Central Bank is expected to maintain dovish on its interest rate, but also maintain lower inflation target despite meeting the inflation target in February.
BHP Billiton to invest further in oil sector, forecasts demand to meet supply this year
BHP Billiton said it will be investing further in the oil market sector as prices experience a stable recovery. The mining giant believes oil demand will grow and come at par with supply this year.
Gold price sustains heavy blow, drops to lowest in a month
Gold futures declined on Wednesday, marking a slump for the seventh consecutive session. With this, the metal finished at its lowest recording since the start of February.
Iron ore slips close to US$85 a tonne as inventories at Chinese ports rise
The price of iron ore is threatening to dip below US$85 (AU$112.8) a tonne. The export slipped 2.6 percent to settle at US$85.3 (AU$113.2) overnight, according to the Steel Index.
Westpac CEO Brian Hartzer disagrees public naming of executives involved in breaches
Westpac chief Brian Hartzer was the last executive to face the second round of questioning of the parliamentary on Wednesday.
Korn Ferry earns AU$503M as third quarter fee revenue
Korn Ferry International announced on Monday that it has earned $381.9 million (AU$503M) for its third quarter fiscal year 2017 revenue fee.
Australian shares, hurt by weak materials sector, open lower Wednesday
Australian shares experienced a downslide on Wednesday. While prices of copper and iron ore showed a regressive growth, gold prices remained steady.
Aussie dollar slumps against US counterpart, settles at 75.87 US cents
The Australian dollar has witnessed a significant downslide against its US counterpart. The development comes amid a forecast in the increase of US interest rates supporting the US currency.
Donald Trump can change global trade landscape, force Australia to choose between US and China
US President Donald Trump coming into power could change the landscape of global trade, according to Michael Every, head of financial markets Asia Pacific for Rabobank at the Australian Bureau of Agricultural and Resource Economics and Sciences (Abares) Outlook.
Coca-Cola Amatil announces Wal King and chairman David Gonski's retirement
Coca-Cola Amatil has announced that four boardroom directors would retire in their position.
Downer buys Hawkins for NZ expansion
Downer EDI Limited announced its acquisition of New Zealand non-residential company Hawkins.
Iron ore spot markets stabilise following Monday's drop below US$90 a tonne
Iron ore spot markets delivered a mixed performance on Tuesday. The spot market for 62 percent fines saw an increase of 0.08 percent to reach US$89.80 (AU$118.14) a tonne, according to Metal Bulletin. This comes in the wake of prices dropping below the US$90 (AU$118.41) a tonne mark for the first time since Feb. 10.
JD Sports Australia store to open in April
JD Sports has confirmed that its Australian store will open in April.
Optus Business and Cisco announce updates on Cisco platforms, VCaaS and Contact-Centre-as-a-Service
Optus Business and Cisco has collaborated to create a smart workplace and to accelerate digital transformation on businesses and government organisations in Australia.
Navitas loses government contracts, shares down 16%
Navitas, Ltd. (ASX: NVT) said that losing government contracts could also mean reduced income of up to $14million in 2018 and beyond.
Samurais Paradise in Gold Coast allegedly paying overseas workers $8 per hour
Samurais Paradise Pty Ltd owner Shigeo Ishiyama has faced charges for allegedly paying his workers as little as $8 per hour.
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