Mercedes

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Ghost cities: 50 million homes in China are empty

12 November 2018 | Paul Panckhurst & Emma Dong

Chinese President Xi Jinping's mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

 


Industry super fund Cbus claims $1b lift from banking royal commission

12 November 2018 | Ruth Williams

Cbus chairman Steve Bracks says the industry super fund has had $1 billion in extra inflows since the banking royal commission, suggesting it is at the expense of retail funds.


Banks face years of litigation, billions in costs after Hayne

17 September 2018 |

The major banks face years of rolling litigation and potentially billions of dollars in additional compensation out of the Hayne royal commission, as plaintiff law firms prepare a series of test cases over mortgage lending practices and regulators target other areas of bad behaviour.


Ethics in banking? That's a negative

16 August 2018 | Ruth Williams

Counsel assisting the commission, Michael Hodge QC, centre.Financial institutions charging fees for no service. Banks charging dead people. AMP misleading the regulator. Super funds obscuring the truth from their members.


'Enormous challenge and change': Telstra posts 8.9% fall in profit

16 August 2018 | Jennifer Duke

Telstra chief Andy Penn has had a difficult year at the telecommunications company.Telstra chief executive Andy Penn has warned of "challenges" over the coming financial year, while posting a net profit decline of 8.9 per cent to $3.53 billion in fiscal 2018, as the rollout of the national broadband network (NBN) continues and mobile competition heats up.


Fund managers to 'review' Facebook investments after data scandal

23 March 2018 | The SMH

Face Book

Large Australian shareholders, including investment giant AMP Capital, are reconsidering their investments in Facebook due to ethical concerns over the social media giant's latest privacy scandal..


Australian Bankers Association examines pitches for tax campaign

29 May 2017 | AFR

As a parliamentary inquiry into life insurance continues to hear shocking misconduct revelations and NAB became embroiled in a new scandal at the weekend, the banks' mouthpiece, the Australian Bankers' Association, has been interviewing agencies as they consider a new campaign.


Fairfax Media receives competing bid from Hellman & Friedman

18 May 2017 | AFR

Fairfax Media has received a competing bid from global private equity firm Hellman & Friedman valuing the publisher at up to $2.87 billion.

From global private equity firm Hellman & Friedman, the bid is for a range of $1.225 to $1.25 per share, compared with the TPG consortium proposal of $1.20.





Mining company BHP drops Billiton from name in $10m ad campaign

15 May 2017 | Guardian Australia

BHP Billiton, the world’s biggest miner is rebranding, changing its name back to just BHP from this week.

The company is rolling out a $10m advertising campaign that includes television ads and a new slogan, “Think Big”, to facilitate the change.


Fairfax boss Greg Hywood was paid as much as $7.2m in 2016

11 May 2017 | The Guardian

The Fairfax Media chief executive, Greg Hywood, was paid as much as $7.2m in 2016 – substantially more than the $2.74m reported by the company in its last executive pay rundown.


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