Mercedes

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Donald Trump says "We'll See" on attacking North Korea

03 September 2017 | AFR

Trump The Trump administration said it would unleash a "massive military response" if North Korea threatens its territory or foreign allies and warned it might cut off China from the US economy in response to Pyongyang's nuclear weapon test on Sunday. As the nuclear crisis reached its most treacherous flashpoint so far, President Donald Trump opened up the possibility of imposing unprecedented economic sanctions against North Korean trade partners and left open the option of war.


CBA may face class action over money laundering

22 August 2017 | SMH

The Commonwealth Bank faces a potential investor class action over its disclosure of more than 53,000 alleged breaches of anti-money laundering laws, following a sharp fall in its share price when the scandal emerged earlier this month.

Plaintiff law firm Maurice Blackburn, backed by listed litigation funder IMF Bentham, said on Wednesday it would investigate a potential class action on behalf of CBA shareholders, citing the hit to the bank's share price.


Domino's shares drop $1 billion in minutes

15 August 2017 | SMH

When a company announces a $300 million share buyback, misses key financial targets and reveals its chief executive is selling shares, it's a sign the party is over.

And so it was for pizza giant Domino's, which suffered a huge share price rout within minutes of the market opening on Tuesday.

 


Report suggests Adelaide houses "Good Value."

15 August 2017 | Charlotte Lemmon

Rising house prices are fuelling millennials’ concerns over never breaking into the housing market.

However, mortgage and rental affordability has increased in South Australia from 2015-2016, the latest Real Estate Institute of Australia (REIA) and Adelaide Bank Housing Affordability Report shows.

The report’s latest affordability figure for the South Australian housing market is 25.5 per cent of a $1,535 median weekly family income, better than the 32.4 per cent recorded in December 2015.


CBA CEO Ian Narev to retire by end of year

13 August 2017 | SMH

Commonwealth Bank chief executive Ian Narev will leave the bank by the end of the 2018 financial year.

Mr Narev has led Australia's largest bank to a series of record annual profits but has been under pressure for the past two weeks after AUSTRAC alleged CBA of breaching money laundering and terrorism financing laws.


Turnbull government kills same-sex marriage

08 August 2017 | SMH

The Turnbull government will make a doomed second attempt to enact a plebiscite on same-sex marriage after Liberal MPs rejected an internal push to ditch the policy and allow a free vote.

If that fails to pass the Senate, as expected, the government is satisfied it can legally conduct a voluntary postal ballot without legislation – a threat it is now making to the Senate crossbench.


'Confidence' in CBA's Ian Narev is a hollow cliche

08 August 2017 | SMH

In the sporting world, the expression "having the full support of the board" has become such a cliche it has even made it into the Urban Dictionary.

The definition is: "Something that a football club's board will say to the media about their coach two to four weeks before firing him."


Interest rate risk for under-40s as debt burdens

01 August 2017 | SMH

The average mortgage burden on home owners aged under 40 doubled between 2002 and 2014 leaving them especially vulnerable to rising interest rates, a leading household survey shows.

The latest instalment of the respected Household, Income and Labour Dynamics in Australia (HILDA) Survey, released on Wednesday, demonstrates how high house prices are affecting the lives of young people in Australia's big cities.


Adani loan too much of a risk for taxpayers

31 July 2017 | SMH

A $1 billion concessional loan to the controversial Adani Carmichael mine project in Queensland's Galilee Basin could expose taxpayers to a high risk of losing their money, according to an independent business analysis.


Huge queues at Sydney Airport's T2 terminal as terrorism security increased

31 July 2017 | SMH

Huge queues of people snaked out Sydney Airport's domestic terminal T2 on Monday morning as passengers experienced lengthy waits to check in to their flights.

Crowds also gathered in the baggage claim area with the wait attributed to extra security after an alleged plot to bring down a flight was uncovered.


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Mercedes

 

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Mercedes