The Federal Treasurer, Josh Frydenberg is urging Australian Businesses to invest locally to boost productivity and keep our economy strong. “Given the fact, there are nerves and concerns, you would excuse a lot of business leaders right now… from being a little shy, a little wary of investing too much capital in what is clearly […]

Fortescue’s chairman and major shareholder, Andrew ‘Twiggy’ Forrest will collect over $1-billion in dividends following a better-than-expected full-year profit. Fortescue Metals Group has revealed record annual earnings and returns to shareholders and declared a 24c per share fully franked dividend. Mr Forrest will receive about $261-million from the final dividend, meaning an impressive $1.24-billion for […]

The Australian Energy Market Operator CEO says there needs to be a change to the power grid in order to avoid blackouts in the summertime. NSW and Victoria risk being without power this year during the extreme heat due to aging coal and gas generators, according to the Australian Energy Market Operator (AEMO). 777,000 NSW […]

Qantas has announced the testing of non-stop flights from Sydney to London and New York amid a $1.3 billion drop in profits. The annual results released by Qantas showed a 6.5 per cent fall in net earnings which it has put down to rising fuel costs. But the airline is focusing on “Project Sunrise” which […]

The corporate regulator has proposed a ban on the sale of binary options and Contracts for Difference to retail clients. The Australian Securities and Investments Commission (ASIC) is concerned that retail investors suffered from binary options. Binary options allow people to “bet” on the price of an “asset” over short time-frames and are usually sold […]

Property developer Stockland is urging banks to exercise responsible lending amid the uncertain post banking royal commission environment. Stockland’s net profit fell 70 per cent to $311 million as a retail recession hit its shopping centres, but the CEO says he’s also concerned about the banks’ ability to lend. CEO Mark Steinert tells Ross Greenwood […]