Banks must justify rate moves, says Bendigo boss
David Jones' iconic Sydney Market Street store sold to Westfield owner Scentre Group
The venerable David Jones menswear store in Market Street, which has been in the group since 1938, has been sold for $360 million and will see apartments built on top of a revamped retail centre.The long-anticipated sale comes only three days after the owners of the department chain, the South African Woolworths, revealed it was severing its corporate ties with Sydney by relocating head office operations to Melbourne. David Jones' iconic Market Street store will be sold to the Scentre grou..>> view originalMine company pleads guilty to health and safety failing that resulted in the deaths of two workers
Two workers lost their lives at the Mt. Lyell mine operated by Tasmanian Copper Mines in Queenstown.A COMPANY that owns a mine in Queenstown in which two men died in 2013 has pleaded guilty to a charge of failing to comply with its health and safety duty.Copper Mines of Tasmania entered its plea in the Burnie Magistrates Court this morning.The families of the two miners – Alistair Lucas and Craig Gleeson – were in court to hear the guilty plea.The men died when they fell from a platform inside a..>> view originalColes takes on 7-Eleven with cheap coffee
Store manager Jag Kumar lets customer Madeline Mayes try one of the new range of Guzzle Bomb drinks at the South Yarra Coles Express pilot store. Picture: Stuart McEvoy7-ELEVEN’S $1 coffee is facing a challenger in Coles, which is undercutting the chain as it launches its own revamped convenience store format.Coles Express is piloting the new convenience offering, dubbed “Big Yum at Little Coles”, at three Melbourne service stations in Kew, South Yarra and Windsor.As well as 80c coffee, the full..>> view originalAffordable solar schemes light way to energy for all in Zimbabwe
Affordable solar schemes light way to energy for all in Zimbabwe By Reuters Published: 01:00 EST, 8 August 2016 | Updated: 01:00 EST, 8 August 2016 By Tonderayi MukeredziHARARE, Aug 8 (Thomson Reuters Foundation) - Innovative ways to pay for solar power systems could make clean energy affordable for many of Zimbabwe's 1.5 million households that lack electricity, campaigners say.Zimbabwe produces only around 60 percent of the electricity it needs when demand is highest, and relies on..>> view originalStocks end firmly in the black
Stocks end firmly in the blackThe Australian sharemarket jumped on the first day of trade for the week, winning back more than half of last week’s losses thanks to a lift in sentiment from a strong US jobs report on Friday night.At the closing bell, the benchmark S&P/ASX 200 index lifted 40.4 points, or 0.73 per cent, to 5,537.8, while the broader All Ordinaries index tacked on 40.1 points, or 0.72 per cent, to 5,625.7.The gains were driven by the financial sector, which was aided by a strong le..>> view originalQantas sets up 787-9 simulator for Dreamliner
'Brazen' Chinese spying hardens opposition to $10b AusGrid takeover
The Chinese Embassy in Canberra. Security experts said Chinese security services were very active in Australia. Andrew Taylor by Aaron Patrick and Primrose Riordan Chinese spies have been caught by the intelligence services conducting "brazen" espionage in Australia over the past year, hardening concerns within the federal government about allowing a Chinese company to buy a $10 billion power company from NSW.Senio..>> view originalFour myths busted: Why we need a banking royal commission
Four myths busted: Why we need a banking royal commission Updated August 08, 2016 11:59:35 Tens of thousands of Australians have had their lives ruined by the major banks. If there's no need for a Royal Commission because ASIC has greater powers, then why is the Turnbull Government wasting time and money on a parliamentary inquiry that has less power than both? Ian Verrender writes.Welcome to this week's edition of Monday Conundrum. Today we have a real doozy.Let's see ..>> view originalMacquarie Media chasing revenue growth
Radio station owner Macquarie Media will focus on boosting revenue after delivering a full-year net profit of $13.3 million.The owner of 2UE and 2GB Sydney radio stations released its first full-year results on Monday since its creation in April last year from the merger of Macquarie Radio and Fairfax Radio. The owner of 2UE and 2GB Sydney radio stations released its first full-year results on Monday since its creation in April last year from the merger of Macquarie Radio and Fairfax Radio..>> view original
Wednesday, August 10, 2016
Banks must justify rate moves, says Bendigo boss and other top stories.
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