The Dow Jones Industrial Average has led Wall Street higher and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting.
A high-profile broker, boutique fund manager, lithium executives and media outlets have been dragged into a defamation action brought by a pair of prominent Perth resources directors.
The mining sector recorded the largest fall in business turnover for the second month in a row, according to new statistics from the Australian Bureau of Statistics.
The Reserve Bank of Australia has offered mortgage holders some relief after it held the nation’s cash rate target at 4.1 per cent following its July meeting today.
The nation’s retail turnover rose a moderate 0.7 per cent in May supported by discount shopping and higher food-related spending, according to the Australian Bureau of Statistics.
WA’s mining sector employees experienced the largest drop in pay in April following a round of bonuses in the previous month despite the state leading annual wages growth.
The nation’s investor landscape is increasingly being made up of women and young people while less Australians are investing in residential property, according to the ASX’s latest report.
The national unemployment fell by 0.1 percentage point in May, a shift that could count against mortgage holders hoping for cash rate relief from the Reserve Bank in July.
Liquidators of Chris Marco’s property are seeking repayment from several people and a company they believe received funds from the unregistered investment scheme.
The Reserve Bank of Australia has lifted the nation’s official cash rate to 4.1 per cent – a 25 basis point jump which takes it above four per cent for the first time since April 2012.
The head of Treasury has told a Senate estimates hearing he cannot comment in detail on action being taken against PwC because it may impact on a police probe.
Treasury has referred recent revelations of a tax leaks scandal currently plaguing PwC Australia to the Australian Federal Police to consider a criminal investigation.
The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.
Chris Marco’s former executive assistant has been accused of helping the businessman operate the alleged scheme that defrauded almost $30 million from investors.
US company Gallagher has acquired Perth-based Mavco Insurance Group, luring several executives who remained independent after the broking giant bought their previous firm.
The corporate watchdog has shut down a Mosman Park-based corporate advisory firm, which was established by Gavin Argyle, Alec Pismiris, and the late Adam Rankine-Wilson.
The corporate watchdog has succeeded in its bid to wind up Ascent Investment surrounding allegations the company and its director Michael Dunjey owed investors almost $150 million.
An insolvency specialist who previously managed the estate of Lang Hancock will take control of the bankrupt estate of Russell Moran, which include debts of more than $120 million.
Perth-based investment bank Azure Capital has substantially boosted its Sydney office, with former managing partner Adrian Arundell moving east and a new director recruited from Gresham.
Wesfarmers boss Rob Scott has pocketed more than $9 million after selling a portion of his shares in the Western Australian conglomerate, citing tax obligations.
