Is this the end of the five cent piece?
Mounting speculation that the government want to privatise the Royal Australian Mint is leading some to question the future of the five cent piece following Tuesday's Budget Speculation is rife that the Turnbull Government's first Budget could sound the death knell for Australia's five cent piece. The Royal Australian Mint revealed during a Senate Estimates hearing in 2014 that it actually cost six cents to produce the five cent piece. "It is actually in decline, which is why it is probably an ..>> view originalInvestors shrug off bad news from ANZ
Investors shrug off bad news from ANZ AAP on May 3, 2016, 10:18 am The Australian share market is trading higher as investors await the Reserve Bank of Australia's interest rate decision and the federal government's election budget.The market got off to a slow start, down slightly after the open as investors mulled over ANZ's announcement of a cut to its interim dividend for the first time since the global financial crisis.The bank's first-half cash profit slumped 24.3 per cent..>> view originalAustralian Signals Directorate updates 'Top 4' security guides
The Australian Signals Directorate (ASD) has updated a number of its guides to implementing its ‘Top 4’ security strategies for mitigating targeted cyber intrusions.According to the ASD, at least 85 per cent of the the targeted cyber intrusions that it responds to could be prevented by the four strategies.Those strategies are application whitelisting, application patching, OS patching, and the restriction of administration privileges based on user duties.The ASD has released a suite of new or u..>> view originalSunRice delays listing on ASX, remains committed to restructure
SunRice delays listing on ASX, remains committed to restructure Posted May 03, 2016 16:31:09 Australian rice processor SunRice has revealed further setbacks to its proposed float on the Australian Securities Exchange (ASX).The company deferred its March shareholder vote on its capital restructure in January. It is planning to de-list the business on the National Stock Exchange (NSX) where shares are currently worth $4.20 and create a SunRice Fund on the ASX, allowing ..>> view originalVicinity Centres seals $85m Qld sale
Chinese bidder withdraws bid for world's largest cattle station, S Kidman & Co
Chinese conglomerate Shanghai Pengxin Group has withdrawn its bid for S. Kidman & Co's properties. The sale of the world's biggest cattle station, S. Kidman & Co, is in doubt after it was caught in a "political crunch that was unworkable", its chief executive says.Kidman's preferred bidder, Chinese conglomerate Shanghai Pengxin Group, withdrew its bid on Tuesday, days after Treasurer Scott Morrison blocked the sale for a second time, saying it was not in the n..>> view originalCBA, Westpac tip RBA to cut interest rates to 1.5pc in August
The Reserve Bank governor cut rates to 1.75 per cent. Christopher Pearce Expectations that Australian interest rates will be at 1.5 per cent by the end of this year are mounting after the Reserve Bank of Australia cut the cash rate by one-quarter of a percentage point in response to a crunch in consumer prices last quarter.The official interest rate is now a record low 1.75 per cent down from 2 per cent in what was the first cut by Reserve Bank..>> view originalBuilding approvals beat forecast in March
Woolworths chases positive sales, not Coles
Video will begin in 5 seconds. Woolworths' new chief launches review Woolworths CEO Brad Banducci is conducting a strategic review as the company's supermarket sales fall further behind rival Coles. PT1M33S 620 349 Australia's biggest supermarket chain is chasing positive sales growth rather than catching runaway rival Coles as the release of Woolworths third quarter sales pushes the gap between the two supermarket chains to its widest point ever.Woolworths newly appointed g..>> view originalSurfstitch earnings forecast to fall at least 61 per cent to $3m
SurfStitch chairman Howard McDonald has had no contact with former CEO Justin Cameron since he resigned in March to plan a privatisation bid. Photo: James Brickwood Surfstitch shareholders say former chief executive Justin Cameron would get knocked over in the rush if he launched a bid for the online retailer following a massive profit downgrade that sent the shares plunging more than 50 per cent.The former market darling is in the doghouse after warning ..>> view original
Tuesday, May 3, 2016
Is this the end of the five cent piece? and other top stories.
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