Business

Global Economy to Grow by 3% in 2016: OECD

The global economy will grow by 3 percent this year and 3.3 percent in 2017, according to the OECD’s latest Interim Economic Outlook. The world economy is likely to expand no faster in 2016 than in 2015, its slowest pace in five years, the organization said, adding that trade and investment are weak and a sluggish demand is leading to ...

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There are 300 million in circulation but why do you never see Australia’s $100 notes?

UST days ago it was mooted the future of the 5c coin, a piece of shrapnel which seems to magically multiply as soon as it hits your pocket, was looking bleak. But while we can’t move for 5c pieces, why do we never seem to see the cash at the other end of the spectrum? Where are all Australia’s $100 ...

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CBA trader the latest to lose job in messaging scandal

A Commonwealth Bank trader is the latest to lose his job as a result of an internal messaging scandal that has already seen a former ANZ senior trader sacked and suing the bank for unfair dismissal. In their defence to a $30 million unfair dismissal suit brought by former trader Etienne Alexiou, ANZ have detailed the explicit chats between Mr ...

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ANZ Bank has followed National Australia Bank in raising interest rates

ANZ Bank has followed National Australia Bank in raising interest rates for some of its business customers, also increasing rates on some lines of credit. Blaming higher funding costs and tougher regulation, ANZ is raising rates on various business overdraft and term loans by 0.21 percentage points. The move will affect small to medium businesses, and the actual rate customers ...

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Sam Burgess swims with sharks on honeymoon

NRL star Sam Burgess has been swimming with sharks while honeymooning in the Maldives with writer Phoebe Burgess. The pair married just days after Christmas in a ceremony held in the NSW Southern Highlands surrounded by family and friends. The newlyweds have been busy posting images of their holiday to social media showing Phoebe relaxing in the crystal blue water ...

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Dick Smith shares enter trading halt

Troubled electronics retailer Dick Smith has placed its shares in a trading halt ahead of an expected announcement about its debt financing. The company expects to make an announcement about its funding position and debt financing covenants by Wednesday. Dick Smith shares have plunged in recent months after it issued two profit warnings following disappointing sales in October and November. ...

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Pope urges unity against militants

Pope Francis has urged the world in his Christmas message to unite to end atrocities by Islamist militants that he said were causing immense suffering in many countries. Security was tight at the Vatican on Friday as Francis, marking the third Christmas since his election in 2013, read his traditional Christmas Day “Urbi et Orbi” (to the city and the ...

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Holiday season road death toll hits 15

Australia’s holiday road toll has climbed to 15 after six people were killed on the country’s roads on Boxing Day. In Queensland a 26-year-old man died in a two-car crash on the Burnett Highway at Gayndah and a motorcyclist aged in his 30s died after losing control and being thrown from his bike at Mount Nebo. In Richmond, western Sydney, ...

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Pharmacists warn against cheaper meds

The powerful pharmacists lobby warns pensioners they won’t see any benefit if they buy discounted medicines. The Pharmacy Guild fired the warning shot on Monday, after Chemist Warehouse announced it would discount prescription medicines by $1 from January 1. Pharmacists have been required to charge set fees for prescription drugs – $6.10 for concession patients and $37.70 for general patients, ...

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Lindt Cafe donates money to charity

Every dollar spent in the Lindt Cafe on the first anniversary of the Sydney siege will be donated to charity. It’s been a year since the dramatic siege which claimed the lives of cafe manager Tori Johnson and barrister Katrina Dawson. Funds raised at the Martin Place cafe on Tuesday will be donated to the Katrina Dawson Foundation and Beyond ...

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