12 Business Finance and Economics
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Four charts that show Australia's economy may have gone backwards

Four charts that show Australia's economy may have gone backwards | 12 Business Finance and Economics | Scoop.it
Several factors may cause the Australian economy to record its fourth quarter of negative growth in 25 years, Morgan Stanley analysts have warned.
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Payless shoes adds to pre-Christmas jobs rout

Payless shoes adds to pre-Christmas jobs rout | 12 Business Finance and Economics | Scoop.it
Close to 2000 retail workers are facing unemployment just one month out from Christmas after Payless Shoes went into administration on the same da
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ASX plunges as markets brace for Trump victory

ASX plunges as markets brace for Trump victory | 12 Business Finance and Economics | Scoop.it
Investors dumped shares and fled to the relative safety of bonds and gold as they braced for Donald Trump winning the US election.
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27 stores to close after Pumpkin Patch collapse

27 stores to close after Pumpkin Patch collapse | 12 Business Finance and Economics | Scoop.it
Twenty-seven stores are set to close and 145 people are set to lose their jobs following the collapse of childrenswear retailer Pumpkin Patch.
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Ardent chairman Neil Balnaves defends CEO Deborah Thomas' bonus

Ardent chairman Neil Balnaves defends CEO Deborah Thomas' bonus | 12 Business Finance and Economics | Scoop.it
The chief executive of Dreamworld's operator Ardent Leisure has warned the company's revenues will take a "significant" hit after this week's fata
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Why you may never end up paying off your house

Why you may never end up paying off your house | 12 Business Finance and Economics | Scoop.it
What can you do when your dreams come true, and it's not quite like you planned?
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Australians are ignoring a crisis that's bigger than Brexit: Chinese debt

Australians are ignoring a crisis that's bigger than Brexit: Chinese debt | 12 Business Finance and Economics | Scoop.it
It's bigger than Brexit, at least for us
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Samsung estimates $3b loss over Galaxy 7 troubles

Samsung estimates $3b loss over Galaxy 7 troubles | 12 Business Finance and Economics | Scoop.it
Samsung slashed third-quarter profit estimates, saying it'll cost $3 billion to scrap the problem-plagued Galaxy Note 7.
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Google may face Indonesian tax bill of more than $US400 million for 2015

Google may face Indonesian tax bill of more than $US400 million for 2015 | 12 Business Finance and Economics | Scoop.it
Indonesia plans to pursue Google for five years of back taxes, and the search giant could face a bill of more than $US400 million for 2015 alone.
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Woolworths 'stitched up' hardware partner Lowe's

Woolworths 'stitched up' hardware partner Lowe's | 12 Business Finance and Economics | Scoop.it
US retailer Lowe's claims it was "stitched up" by Woolworths in a deal to sell Masters for $800 million.
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Coca-Cola Amatil profit up as water sales offset weak soft drink demand

Coca-Cola Amatil profit up as water sales offset weak soft drink demand | 12 Business Finance and Economics | Scoop.it
Coca-Cola Amatil's profits are up after higher sales of bottled water offset weak demand for fizzy drinks.
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Uber's first-half losses reach at least $US1.27bn

Uber's first-half losses reach at least $US1.27bn | 12 Business Finance and Economics | Scoop.it
Uber's head of finance told shareholders losses accelerated in the latest quarter.
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Australia's luxury-car binge belies its drop in living standards

Australia's luxury-car binge belies its drop in living standards | 12 Business Finance and Economics | Scoop.it
Aussies are buying Bentleys, Jaguars, BMWs and Mercedes in record numbers even as overall living standards are falling in a sign of rising inequality.
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We'll get nothing for Big W if we sell now - Woolworths chair

We'll get nothing for Big W if we sell now - Woolworths chair | 12 Business Finance and Economics | Scoop.it
Woolworths warned it would get nothing for Big W if it sold the chain tomorrow, after shareholders grilled it over the future of the chain following the shoc
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Woolworths expected to fast track Big W sale

Woolworths expected to fast track Big W sale | 12 Business Finance and Economics | Scoop.it
The shock departure of Big W boss Sally Macdonald has fuelled talk Woolworths will fast-track its plans to sell off the embattled discount departmen
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Dick Smith forecasts the end of traditional supermarkets within a decade

Dick Smith forecasts the end of traditional supermarkets within a decade | 12 Business Finance and Economics | Scoop.it
Traditional supermarkets like Coles, Woolworths and IGA could cease to exist in 10 years time, and "we, the public are to blame", says Dick Smith.
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Ardent profits seen plunging amid questions over Dreamworld's future

Ardent profits seen plunging amid questions over Dreamworld's future | 12 Business Finance and Economics | Scoop.it
Ardent Leisure shares have again been sold down by nervous investors as they try and assess the future structure of the group as it prepares to move more of it
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Apple posts its first revenue decline in 15 years as iPhone sales fall

Apple posts its first revenue decline in 15 years as iPhone sales fall | 12 Business Finance and Economics | Scoop.it
Apple's annual revenue has fallen for the first time since 2001, reflecting the slowdown in iPhone demand in a saturating smartphone market as well a
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Doing business in China involves playing by strict rules

Doing business in China involves playing by strict rules | 12 Business Finance and Economics | Scoop.it
The arrest of Crown Casino staff in China reinforces the importance of Australian businesses understanding the playing field and the rules of the game when doin
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Deutsche Bank fails research review

Deutsche Bank fails research review | 12 Business Finance and Economics | Scoop.it
Deutsche Bank will pay $US9.5m to settle allegations it was publicly saying 'buy' when it was privately saying 'sell'.
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Australia Post gets its books in order, privatisation feared

Australia Post gets its books in order, privatisation feared | 12 Business Finance and Economics | Scoop.it
Australia Post is getting its books in order and ready for partial privatisation with a recent finance department upgrade making it easier to separate and sel
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Horror at 7-Eleven: no compensation and no goodwill for franchisees

Horror at 7-Eleven: no compensation and no goodwill for franchisees | 12 Business Finance and Economics | Scoop.it
The alleged 'bullying' tactics waged against 7-Eleven franchisee Helen Ren by head office has sent chills through the convenience store giant’s franchis
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Foreign investment, the economic stimulus we love to hate

Foreign investment, the economic stimulus we love to hate | 12 Business Finance and Economics | Scoop.it
If foreign investment in Australian businesses is so unpopular with so many people, why do we persist with it?
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Australia Post returns to profit as letter reforms cut losses

Australia Post returns to profit as letter reforms cut losses | 12 Business Finance and Economics | Scoop.it
Australia Post has recovered from its huge financial losses in 2015 to post a $36 million after-tax profit thanks to increased parcel deliveries and a shake-u
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Debt emergency: Scott Morrison's $1 trillion horror scenario

Debt emergency: Scott Morrison's $1 trillion horror scenario | 12 Business Finance and Economics | Scoop.it
Australia could be headed towards an unprecedented trillion debt position over the next decade which would see the nation's triple A credi
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