ACCC takes Volkswagen to court over diesel emission claims
The Australian Competition and Consumer Commission has brought legal proceedings against car manufacturer Volkswagen over allegations that it concealed software in its vehicles to cheat emissions testing and mislead consumers. More News Videos Previous slide Next slide Volkswagen settlement to hit $20b Trump: 'We will build a great wall...' Trump: Mexico's paying for the wall Trump promises 'extreme vetting' on immigration Riding..>> view originalBunninngs' price promise will not apply to Masters fire-sale prices
Bargain hunters be warned, Bunnings has no plans to undercut fire-sale prices at Masters as the stock liquidation gathers pace.It's understood Bunnings has informed both the Australian Competition and Consumer Commission as well as the state-based consumer affairs authorities that it won't extend its "if you happen to find a lower price on a stocked item, we'll beat it by 10 per cent" promise to undercut fire-sale prices at failed competitor Masters. Bunnings will not be drawn into a race..>> view originalHouse prices jumped again in Sydney and Melbourne during August
Australian capital city house prices rose strongly in August, according to new data released by CoreLogic today. The group’s Hedonic Home Value Index, released monthly, rose by a solid 1.1%, led once again by strong gains in Sydney and Melbourne, the largest and most expensive housing markets in the country. Over the past year, prices nationally rose by 7%, largely due the heavy weighting in the index of Sydney and Melbourne markets. In Sydney, prices jumped by 1.4%, leaving the median dwelling..>> view originalRetailing to stay in the slow lane
Garry Shilson-Josling, EconomistAustralian Associated PressRetail turnover has hit a slow patch and the latest business investment projections suggest it could be stuck in it for a while.After a string of tiny monthly rises, the seasonally adjusted value of retail turnover stalled completely in July, Australian Bureau of Statistics figures on Thursday showed.The trend growth rate for retail sales growth slowed to one per cent in July - not one per cent a month, but one per cent a year.It isn't t..>> view originalEconomyEurozone manufacturing momentum slows in August
Sign up for quick access to a wealth of global business news, including: Eurozone manufacturing momentum slows in August You may also be interested in our corporate or newspaper only subscriptions.>> view originalSizzler and KFC operator upbeat about future
Stocks weighed heavily by miners
Stocks weighed heavily by minersThe local sharemarket has closed at a seven-week low, as significant falls by mining and energy heavyweights pulled the bourse into negative territory. It came after oil prices fell overnight on news of a larger-than-expected increase in US crude oil inventories, which led to weakness in energy stocks on Wall Street. That trend was followed on the local market.At the 4.15pm (AEST) official market close, the benchmark S&P/ASX 200 index had slipped 17.4 points, or 0..>> view originalHidden features of new $5 note
New tactile $5 note in circulation0:21The new $5 note in circulation today comes with a tactile feature that will help the visually impaired. Say hello to the new $5 note.THE birth of a new banknote is a momentous occasion. I mean, Miley Cyrus was in nappies and Ariana Grande wasn’t even born the last time this happened.And so it was with great fanfare that the Reserve Bank of Australia unveiled its fancy new $5 note, the product of a determined campaign by blind teenager Connor McLeod. But the..>> view originalMoody's warns David Jones food business a risk for Coles and Woolies
David Jones' appetite for Australia's up-market food sector will lure big-spending shoppers away from Coles and Woolies and take a bite out of the grocery chains' future earnings, Moody's warns.The credit ratings agency said David Jones' South African owner's focus on premium private label food is "credit negative" to Woolworths and the Wesfarmers'-owned Coles as the department store chain forges ahead with plans to capture the top end of the grocery market. More News Videos Prev..>> view originalClock is ticking as media reforms are reintroduced to Parliament
Parliament will have only 11 days to consider media reforms before adjourning for summer break, after Labor sent the bill back to committee for further scrutiny.The government on Thursday morning reintroduced legislation removing old media ownership restrictions. However, industry will have to wait to see if there are any further cuts to their licence fees, which contribute about $145 million annually to government revenue. More Business Videos Previous slide Next slide ..>> view original
Thursday, September 8, 2016
ACCC takes Volkswagen to court over diesel emission claims and other top stories.
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