IMF boss Christine Lagarde calls turn away from globalisation world's top challenge
The risk of countries turning their back on global co-operation is the biggest challenge facing the world, as low growth and rising inequality fuel the rise of populism, said IMF managing director Christine Lagarde."It did not take the Brexit vote to understand that low growth, rising inequality, and a lack of jobs have combined with social and geopolitical concerns to fuel the rise of populism and inward-looking forces," Ms Lagarde said in the text of a speech on Thursday at the Centre for Glo..>> view originalChinese tourists spend record amounts but Australian retailers risk missing the boom
Chinese tourists spend record amounts but Australian retailers risk missing the boom Posted July 15, 2016 16:59:00 On a cold winter morning, dozens of Chinese tourists in a tour group gathered at Circular Quay in Sydney's picturesque harbour before heading out for a shopping spree. Micky Hu, a tourist from Nanjing in eastern China, planned to buy duty free before she left Australia and she knew what she was looking for."Ugg and sneakers or clothes or bags... we can se..>> view originalBudget Finance and Evolution Finance found guilty of 106 charges
Budget Finance and Evolution Finance found guilty of 106 charges ROB STOCK Last updated 14:46, July 15 2016 FOTOPRESS Allan Hawkins from Cynotech says its is too early to decide if the judgment against two of his finance companies will be appealed. Two finance companies have been found guilty on 106 charges of misleading debtors that they could make repossessions and add interest they..>> view originalWhitehaven shares, shipments soar
Whitehaven Coal shares were the market's biggest mover on Friday, after achieving a 44 per cent surge in shipments for the year to June 30.The miner revealed it had met its annual production targets, but in less positive news, the premium it receives for its higher quality thermal coal has reduced over the past year. The premium Whitehaven's thermal coal sells at has reduced over the past year. Photo: Robert Rough The rapidly expanding miner produced 19.7 million tonnes of saleable coal..>> view originalAtlassian buys tiny start-up Statuspage
Atlassian co-founders Scott Farquhar (left) and Mike Cannon-Brookes with President Jay Simons during the opening bell ringing ceremony before their IPO last year. Trevor Collens Atlassian, the $5.7 billion business software company that snuck in its much-anticipated IPO at the tail end of 2015, just bought the tiny start-up StatusPage in its first acquisition since going public.Atlassian notably has a pretty good track record with acquisitions. ..>> view originalInvestors take the quest for yield all the way to the banks
Housing market has softened but remains positive; Vic, Qld strong: NAB
Housing market has softened but remains positive; Vic, Qld strong: NAB Posted July 15, 2016 15:36:41 A new report from NAB shows sentiment towards the housing market has softened but remains positive, with properties in Victoria and Queensland expected to have the highest returns over the next two years as prices in Western Australia continue to fall.Average survey expectations were for 0.7 per cent growth in national house prices for the quarter.Over the next two yea..>> view originalThe chairman of Surfstitch is gone
The first chairman of SurfStitch is stepping down as the troubled online clothing retailer restructures its management. A short time ago, the company’s shares were up 2.7% to 19 cents, off a low of 18 cents but well below the 12 month high of $2.13. Howard McDonald, who became chair when the company listed two years ago, is retiring at the end of this month. “The last four months since the surprise departure of the former CEO (Justin Cameron) have been highly challenging for management,” he sa..>> view originalOliver Curtis to appeal insider trading conviction
Oliver Curtis being led into a police van after being found guilty of insider trading last month. James Brickwood Convicted insider trader Oliver Curtis has appealed his conviction in a bid to get out of jail.On Thursday afternoon, three weeks since his incarceration, Curtis filed a notice to appeal his conviction with the Court of Criminal Appeal.Curtis was found guilty of insider trading and was sentenced to a minimum one year in jail. He is ..>> view original
Saturday, July 16, 2016
IMF boss Christine Lagarde calls turn away from globalisation world's top challenge and other top stories.
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