The News Wrap
12:45AM | Monday, 16 December 2013 | Federal budget deficits for the next four years are set to double to more than $100 billion, with the federal government expected to sign off on forecasts of a $50 billion deficit this year and $30 billion the next.
THE NEWS WRAP: Coles looks to extend “approved” field agent program to convenience stores and liquor7:21AM | Monday, 8 July 2013 | Coles is examining the possibility of extending its proposed ‘licenced’ field agent plan. Plus the mining industry tells Kevin Rudd to cut “green tape” and Greece tries to secure its next bailout tranche.
7:21AM | Friday, 5 July 2013 | James Packer’s proposal to build a six-star hotel and VIP casino in Sydney has progressed to the next stage of the approval process, beating out rival Echo Entertainment’s bid to block him.
7:16AM | Thursday, 4 July 2013 | Reserve Bank of Australia governor Glenn Stevens says slower economic growth is likely to be the norm. Stevens has also warned both major parties to maintain their commitments to returning the budget to surplus. Elsewhere, retail sales figures show Australian shoppers are keeping their wallets shut, and China is casting an eye over distressed assets in the mining sector.
7:22AM | Wednesday, 3 July 2013 | Treasurer Chris Bowen has warned that Australia faces an uncertain economic outlook as the mining boom turns from the investment phase to the production phase. Elsewhere, Australian shares enjoyed their biggest one day gain in nearly two years, and data in the US points to a pick-up in its economy.
6:25AM | Friday, 28 June 2013 | Business leaders are calling for Labor to hold an early election, saying the party’s leadership turmoil has hurt confidence. Also, coal miner Glencore-Xtrata says it’s cutting 450 jobs from its mines in Queensland in another blow to the slowing mining industry and economic data in the US points to tepid growth.
3:21AM | Monday, 18 March 2013 | The Australian Securities and Investments Commission will today release a report into high speed trading and will reveal whether it intends to join Germany, France and the European Union in regulating the practice.
7:14AM | Wednesday, 27 July 2011 | Amazon has reported a significant dip in profits, despite its sales soaring by 51% in the previous quarter.
7:08AM | Tuesday, 19 July 2011 | Laurie Emini, former boss of collapsed stock broking firm Opes Prime, has pleaded guilty to three counts relating to his role in the downfall.
7:12AM | Monday, 18 July 2011 | Sir Richard Branson’s Virgin Group is set to spend $40 million expanding its Virgin Active health club chain across Australia.