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Opposition welcomes SME package, slams Google tax

MARK SMITH  |  TUESDAY, 12 MAY 2015
Shadow Treasurer Chris Bowen has given his backing to small business tax cuts made in the budget but has branded the so-called crack-down on multi-nationals "a cop out". "We welcome the small business package," he told the ABC's Leigh Sales. "We support ...

Goldman ordered to pay $100m to NAB

STAFF WRITER  |  TUESDAY, 12 MAY 2015
... to pay US$80 million, plus around US$20 million in interest, to National Australia Bank for breaking rules related to the sale of mortgage-linked securities before the financial crisis. The US Financial Industry Regulatory Authority (FINRA) said the ...

SEC and FINRA issue robo warning

ALEX DUNNIN  |  TUESDAY, 12 MAY 2015
The US Securities and Exchanges Commission (SEC) has issued a warning to investors regarding what it calls 'automated investment tools,' a group of web-based tools that include robo-advisers. The warning, prepared by the SEC's Office of Investor Education ...

Market Wrap AM

AAP  |  FRIDAY, 8 MAY 2015
The Australian market looks set to open a touch lower, as gains on Wall Street offset losses in the local market on Thursday. At 0648 AEST on Friday, the June share price index futures contract was down two points at 5,615. US stocks have pushed higher ...

Market Wrap PM

AAP  |  THURSDAY, 7 MAY 2015
The major banks have clawed back some losses, but continue to weigh on the broader share market. Investors are now absorbing news that the official jobless rate has risen to 6.2 per cent in April from 6.1 per cent in March. The unemployment rate is ...

Register for the MAX Forum now

STAFF WRITER  |  THURSDAY, 7 MAY 2015
With the speakers and nominees for the 2015 MAX Forum and Awards announced, now is the time to register your place at the event. On Thursday 4 June, leading industry figures including CIFR chief executive Professor David Gallagher, Mercer consumer marketing ...

ASIC cancels Sydney broker licence

ALEX BURKE  |  THURSDAY, 7 MAY 2015
... purchased from the dealer (or an unrelated dealership). Finding Lim had provided credit outside of these terms under the point of sale exemption, ASIC cancelled her licence. "Those offering credit under an exemption to hold an Australian credit licence ...

Market Wrap PM

AAP  |  WEDNESDAY, 6 MAY 2015
A disappointing quarterly result from the Commonwealth Bank is weighing down the broader share market. The share price of Australia's biggest listed company plummeted by $2.99, or 3.39 per cent, to $85.15, after it post a flat $2.2 billion cash profit ...

Market Wrap AM

AAP  |  WEDNESDAY, 6 MAY 2015
The Australian market looks set to open lower following losses on Wall Street. At 0655 AEST on Wednesday, the June share price index futures contract was down 50 points at 5,754. US stocks tumbled overnight on worries about higher oil prices and tensions ...

Will nice numbers make RBA a bad guy?

BENJAMIN ONG  |  TUESDAY, 5 MAY 2015
With numbers like these, who needs a rate cut? Indications of an improving labour market and strong - very strong - housing approvals are the latest domestic economic stats the men and women of the Board of the Reserve Bank of Australia (RBA) would ...