News archive from 28 April 2013

Legal case threatens ratings agencies' bottom line

Legal case threatens ratings agencies' bottom line

Litigation funder IMF Australia has questioned the credit worthiness of the major international ratings agencies as it intensifies legal pressure on Standard & Poors (S&Ps) with a second Australian class-action lawsuit.In an interview with the...

ABC News, 11:48 in Business
 

GST claim show's Labor desperation: Abbott

Opposition Leader Tony Abbott has moved to reassure voters that the GST will not be increased if he becomes prime minister. Treasurer Wayne Swan had said raising the GST and broadening its base was in Mr Abbott's DNA and part of a secret agenda to pay...

SBS, 12:18 in Business
 
Parking ban to ease Sydney's traffic congestion

Parking ban to ease Sydney's traffic congestion

Motorists could soon be banned from parking on some of Sydney's major roads on weekends in a bid to ease chronic traffic congestion.The New South Wales government is set to introduce the new policy on several major routes, including Victoria Road,...

ABC News, 12:33 in Business
 
Victoria increases first homebuyers grant

Victoria increases first homebuyers grant

The Victorian Government has announced an increase to the first homebuyers grant and stamp duty cuts for people purchasing new homes.From July 1 the grant will be increased from $7,000 to $10,000 for newly constructed homes, and stamp duty for all...

ABC News, 13:04 in Business
 
Dreamliner test flight lands at Tokyo airport

Dreamliner test flight lands at Tokyo airport

A Dreamliner test flight with top Boeing and All Nippon Airways (ANA) executives aboard has landed at a Tokyo airport, three months after the worldwide fleet of 787s was grounded.The test flight by ANA came a day after Ethiopian Airlines became the...

ABC News, 13:41 in Business
 
Interest free loans for fire-affected businesses

Interest free loans for fire-affected businesses

Tasmanian businesses affected by the January bushfires are being offered interest free loans by the State Government.Business owners will be able to apply for a two year interest free loan of up to $500,000 to help them get back on their feet. The...

ABC News, 15:39 in Business
 
Victoria increases First Home Owner Grant

Victoria increases First Home Owner Grant

The Victorian Government has announced an increase to the First Home Owner Grant and stamp duty cuts for people purchasing new homes.From July 1 the grant will be increased from $7,000 to $10,000 for newly constructed homes, and stamp duty for all...

ABC News, 16:19 in Business
 
National memorial honours victims of workplace accidents

National memorial honours victims of workplace accidents

A national memorial for ordinary men and women killed in workplace accidents has been unveiled in Canberra.On average, about 300 Australians die every year in workplace accidents. Forty-six people have died on the job so far this year, according to...

ABC News, 18:05 in Business
 

ANA tests modified Dreamliner

A MODIFIED Dreamliner took to the skies over Tokyo with top Boeing and ANA executives aboard, as the planemaker and its leading client sought to reassure passengers the jetliners are safe. It was the first flight by one of All Nippon Airways' 787s...

 
Political doubts spook business

Political doubts spook business

MANUFACTURERS, small business operators and builders have shut-up shop and stopped hiring with growth flatlining amid growing concerns about the budget deficit and political uncertainty ahead of September election. The nation's leading employer group...

 
Gillard to reveal $12b revenue hole

Gillard to reveal $12b revenue hole

Prime Minister Julia Gillard will today reveal a hole of $12 billion in the Government's revenue, but vow to push on with new education and disability schemes despite it.Until December last year the Government was still insisting it could deliver a...

ABC News, 00:26 in Business
 
Political doubts spook business

Political doubts spook business

MANUFACTURERS, small business operators and builders have shut-up shop and stopped hiring with growth flatlining amid growing concerns about the budget deficit and political uncertainty ahead of September election. The nation's leading employer group...

 

Beware the one-eyed budget brigade

Consider the treatment of the Grattan Institute's report on budget pressures facing Australian governments. One paper reported it as concluding that ''federal and state budgets will be generating yearly combined deficits of $80 billion within a decade...

 
Boomer times to kick on into retirement

Boomer times to kick on into retirement

Baby boomers will wield significant economic power in the next decade and small businesses can prosper from their retirement, says trend forecaster Bernard Salt. Mr Salt, a partner at KPMG, says an ''important transition'' is taking place in which the...

 
Creating a path for newcomers to heart-centred industries

Creating a path for newcomers to heart-centred industries

Success in the creative industries is difficult, particularly for those just starting out. Musicians, writers, dancers and those in heart-centred occupations such as yoga or environmentalism will be delighted to hear about a new venture called Big...

 
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