Future Fund Receives Criticism for Tobacco Investments
Future Fund is under pressure of abandoning its $225-million tobacco investment amidst calls from anti-smoking groups for the government to..
Business
Will We Lose Banking Jobs to Technology?
According to Lisa Gray, the banking industry would shrink over the next 20 years as technological advances become more efficient. Gray said..
Australian Stock Market Expected to Slip With Euro Concerns
The local market has experienced its lowest point in seven weeks as the European markets continue to affect the global economy. The..
World’s Wealthiest Has $20 Trillion Stash
A report by Tax Justice Network revealed that the wealthiest individuals in the world have about US$21 trillion worth of assets stashed in..
Is It the End of the Mining Boom?
Industry observers say that the mining investment boom may end in the next two years. Deloitte Access Economics said the strong growth of..
Euro Still Fighting
With Greece and Spain still facing economic problems, the 17 countries in the Eurozone still face financial uncertainty. According to some..
Banks in Australia Look to Superannuation for Profit Growth
Australia’s four biggest banks are looking into superannuation assets for profits that should help see through its growth for the..
Bidding War Sparks over Hastings Diversified
Hastings Diversified received a ‘cast-and-scrip’ offer from the APA Group. This came when the Australian Competition and Consumer..
First State Super Withdraws Investment in Tobacco Companies
First State Super, a superannuation fund, has removed from its portfolios companies that are involved in the manufacture and marketing of..
Good News! More Aussies Are Now Buying
Good news for retailers. The latest statistics from the Commonwealth Bank show that consumer spending has hit its highest in the last four..
