Latest Business News

• IR umpire approves Qantas engineer deal

  

  THE industrial relations umpire has signed off on a workplace agreement between Qantas and its engineers. Fair Work Australia on Monday said it had endorsed the agreement, after a long-running dispute between the airline and the workers. Qantas CEO Alan [...]

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• NSW in the economic slow lane: opposition

  NSW is “spluttering along” at the back of a three-speed economy because of Premier Barry O’Farrell’s lack of leadership, state opposition leader John Robertson says.

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• New lenders would be welcome: Swan

  

  Treasurer Wayne Swan would welcome new foreign lenders to the Australian loans market, saying more competition would mean better deals for borrowers.

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• IMF to stress test Australian banks

  

  Australia’s banks will endure mandatory stress tests imposed by the International Monetary Fund (IMF) to ensure they can withstand another financial crisis.

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• Online sales a concern for retailers

  

  Slowing demand and the growth of internet sales continue to plague retail expectations for early 2012, a private survey has shown.

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• Euro crisis will affect Australia: RBA

  

  The Australian economy will inevitably suffer spillover effects from the European government debt crisis, the Reserve Bank of Australia (RBA) says.

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• Weaker commodities hurt trade surplus

  

  Falling commodity prices and growing demand for imports saw Australia’s trade surplus narrow in October.

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• Foster’s chief quits ahead of SABMiller take-over

  

  John Pollaers has quit as Foster’s CEO pending the take-over of the Australian brewer by British company SABMiller.

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• RBA takes protection from Europe’s woes

  

  Worries over the impact on the global economy from Europe’s debt crisis forced the Reserve Bank of Australia (RBA) to cut the cash rate for a second month in a row, and despite the likelihood that Wednesday’s national accounts will show a solid rate of growth.

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• Gold down, tracking equities and euro fall

  

  NEW YORK & LONDON: Gold fell mid-week, tracking equity markets’ declines and euro’s drop against the US dollar as weak Chinese factory data and slowing US consumer spending growth prompted investors to sell the metal.

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• Tough times force sale of Hot Tuna brand

  

  The Australian-founded surfwear brand Hot Tuna will be sold, with slow growth and a stagnant market forcing the move which will see the departure of the company’s top executives.

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• Govt ‘will do what’s needed’ for surplus

  

  Prime Minister Julia Gillard says the government has a clear plan to bring the federal budget back to surplus and will exert the fiscal discipline necessary to meet its target.

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• RBA delivers cash rate cut on Melbourne Cup day

  

  Melbourne Cup day has proven lucky for borrowers after the Reserve Bank of Australia (RBA) decided to cut the cash rate by 25 basis points to 4.5 per cent.

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• Mauritius – the new Gateway to Africa

  

  Strategically located between Asia and Africa, Mauritius is an efficiently regulated offshore centre that is ideally positioned to become the headquarters to Africa over the next decade. An impressive range of Double Taxation Agreement treaties combined with a low cost of living and administration provides the region with a competitive edge as the natural conduit for investment into Africa

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• Swan: Economic crisis can be managed

  

  Australian Business members and guests gathered in London on 17 October for lunch with Australia’s Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP. The event was supported by the Australian Trade Commission (Austrade) in London.

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• Treasury warns of second world recession

  

  Australia’s Treasury chief has warned the world could be dragged into a second recession if Europe fails to deal with its debt problems.

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• Trademarks vs patents

  Sable Group explains the difference between trademarks and patents, and why you need to register your ideas.

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• Dispute settlement group aims at China

  

  The president of the Australian Centre for International Commercial Arbitration (ACICA) says servicing cross-border dispute resolution is a global business worth billions of dollars each year, and Australia is attempting to get a share

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• What is a copyright?

  Ever wondered what the difference is between copyrights, trademarks, designs and patents? Sable has the answers.

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• Retailers bracing for a tight Christmas

  Retailers are bracing for a lean Christmas with heavy job losses and meagre sales expected amid growing economic uncertainty.

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