Airfares dip after a big September rise
It could pay to keep an eye on global oil prices when booking your next trip. Discount airfares have dropped almost 16 per cent in October after rising 27 per cent in September, which was the largest monthly rise in almost three years, according to government data. That movement reflects recent volatility in oil prices, and shows airlines are attempting to lift prices to cover higher jet fuel bills, and to boost their margins, Commsec chief economist Craig James says. Competition is restraining..>> view originalReserve Bank pays $3.22 billion dividend to Canberra
The Reserve Bank will pay the federal government its biggest dividend since the global financial crisis, transferring $3.22 billion to the Treasury's coffers, after its profits were helped by a drop in the Australian dollar.The central bank notched up $2.88 billion in profit in the year to June, helped by higher fee revenue and valuation gains on its portfolio of financial assets, its annual report said on Thursday. More Business Videos Previous slide Next slide Glenn S..>> view originalBHP and Rio downgraded, but the sector still has upside, fund managers say
Commodity prices may have bottomed, but investors hoping the big miners shares' have further to rise are likely too late to the party, according to analysts and fund managers.A day after Fortescue Metals Group chairman Andrew Forrest declared the mining downturn had bottomed at a National Press Club address, Citi joined fellow investment bank UBS in calling the top for the nation's biggest miners, downgrading BHP Billiton and Rio Tinto to "sell". There is still plenty of value in the big m..>> view originalFarms paying 'piece rates' targeted in $650000 underpayment case
A large mushroom farm that paid hundreds of its workers based on how much they picked is facing allegations the system made it "almost impossible" to earn a sufficient wage.Australia's workplace watchdog this week launched unprecedented legal action alleging mushroom pickers on a Queensland farm have been exploited and grossly underpaid almost $650,000 in eight months. Workplace watchdog claims 400 mushroom pickers were underpaid $650,000 in eight months. Photo: Rohan Thomson About 400 m..>> view originalMelbourne apartment owners ill-equipped to combat property downturn: Moody's
Australian dollar slips further against greenback
Australian dollar slips further against greenbackAAP7:58AM October 13, 2016SaveThe Australian dollar has slipped further after the US dollar hit a fresh seven-month high overnight, continuing its recent trend. At 7.05am (AEDT), the local unit was trading at US75.65 cents, down from US75.78 cents yesterday.The US dollar remained a bit higher after minutes from September’s meeting of Federal Reserve policymakers indicated they might raise interest rates if the US economy continues to improve.Westp..>> view originalIluka revenue, production slides
5 dividend shares for a rock solid portfolio
Unfortunately in this low interest environment investors in search of income can't rely on their savings account or term deposits to provide them with an adequate source of income. Because of this I believe investors should look to the market for their ...>> view originalTransurban profits as revenues rise twice as fast as traffic volumes
Ever rising tollroad charges are helping to fatten the balance sheet at tollroad owner and operator Transurban, in particular as it hikes charges levied on trucks using its road network in Sydney.The company on Thursday released September quarter data for use of its road networks, which showed income growth outstripped the rise in traffic volumes, most notably at its Sydney tollroads, where revenue rose 7.9 per cent - double the 3.4 per cent rise in average daily traffic volumes. The Westl..>> view originalSlater and Gordon has hired a top law firm to fight a $250 million class action as its shares hit 38.5 cents
Troubled legal firm Slater and Gordon was today served with legal proceedings in the Federal Court for a class action by disgruntled shareholders. Maurice Blackburn, one of Slater and Gordon’s major competitors, is acting for the class action by shareholders who purchased stock during between March 2015 and February this year. “Slater and Gordon will closely analyse and vigorously defend the claim,” the company told the ASX. The leading Australian commercial law firm Arnold Bloch Leibler has ..>> view original
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