Category: Business

FIRB approves Chow Tai Fook’s Alinta Takeover

FIRB approves Chow Tai Fook’s Alinta Takeover

The Foreign Investment Review Board has given the green light to Hong Kong conglomerate  Chow Tai Fook Enterprises’ takeover of Alinta...

Chevron considers appeal in $300 million-plus tax case

Chevron considers appeal in $300 million-plus tax case

US oil and gas giant Chevron has indicated it is looking at appealing against a Full Federal Court decision confirming the Australian...

Oil prices falling again

Oil prices falling again

Oil prices have dived below $50, falling more than 2 per cent on Friday on concerns that OPEC’s pact to reduce the global oil glut is...

Volkswagen’s $2.8-billion criminal fine in US diesel emissions scandal

Volkswagen’s $2.8-billion criminal fine in US diesel emissions scandal

A US judge has ordered Volkswagen to pay a $2.8-billion U.S. criminal penalty for cheating on diesel emissions test. Six weeks after VW...

Gas protests and warnings from business

Gas protests and warnings from business

Business has criticised the government and gas companies for failing to resolve the gas crisis with warnings that it could see companies go...

API expects 10 per cent profit growth

API expects 10 per cent profit growth

Australian Pharmaceutical Industries has foreshadowed profits to rise at least 10 per cent this year on the back of its Priceline stores...

May’s election to lock in Brexit

May’s election to lock in Brexit

Theresa May’s expected win in the British elections is expected to dash hopes that Britain’s exit from the European Union will be...

Confirmed: Amazon Retail is coming to Australia

Confirmed: Amazon Retail is coming to Australia

It’s official: Amazon is rolling out its operations in Australia. The retail giant is inviting other retailers to sign up and sell their...

Super picks up

Super picks up

Superannuation fund returns were higher in March, boosted by a stronger Australian share market. According to SuperRatings data, the median...

ACCC to monitor gas industry as gas summit fails to solve energy crisis

ACCC to monitor gas industry as gas summit fails to solve energy crisis

The Australian Competition and Consumer Commission has been directed to investigate Australia’s gas market in a bid to improve supply...