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News
Whyalla blast furnace restart fails, 600 jobs cut
3+ hour, 45+ min ago (75+ words) AFR Up to 600 workers at the Whyalla steelworks will be made redundant after administrator KordaMentha and the South Australian government decided to abandon attempts to restart the ageing blast furnace. KordaMentha has been operating the Whyalla steelworks since February last…...
Whyalla blast furnace restart fails, more than 500 jobs to be cut
7+ hour ago (93+ words) AFR Up to 600 workers at the Whyalla steelworks will be made redundant after administrators KordaMentha and the South Australian government decided to abandon further attempts to restart the ageing blast furnace, which has not been operating since April. KordaMentha have…...
Mark Cutifani quits Woodside board and joins Northern Star
7+ hour, 21+ min ago (81+ words) AFR Mark Cutifani, a one-time lead candidate to replace Richard Goyder as chairman of Woodside, has quit the board of the country’s largest oil and gas producer. The sudden departure comes just six months after the former Anglo American chief…...
CBA ramps up pressure on regulator over Macquarie capital settings
13+ hour, 19+ min ago (95+ words) AFR Commonwealth Bank is ratcheting up the pressure on financial regulators to rein in Macquarie’s use of a corporate structure it alleges provides an unfair competitive advantage, after commissioning economic analysis to show how the arrangement supports Macquarie’s rapid growth…...
CBA commissions economic analysis to challenge Macquarie’s corporate structure and regulatory capital settings
17+ hour, 19+ min ago (107+ words) CBA ramps ups pressure on regulator over Macquarie capital settings AFR Commonwealth Bank is ratcheting up the pressure on financial regulators to rein in Macquarie’s use of a corporate structure it alleges provides an unfair competitive advantage, after commissioning economic…...
I served in Afghanistan. Andrew Hastie is a true patriot not a traitor
13+ hour, 1+ min ago (107+ words) UK MP Johnny Mercer: I served in Afghanistan. Andrew Hastie is a true patriot not a “traitor”. AFR I am baffled by the descent of some of her veterans into a place where true loyalty to the idea and values…...
RBA board ‘split’ on rate decisions at one in three meetings
13+ hour, 9+ min ago (85+ words) AFR Recently departed Reserve Bank board member Ian Harper has revealed that nearly one-third of monetary policy decisions over the past decade were split votes, challenging long-held assumptions of central bank unanimity. Harper said there was “very vigorous” debate among…...
Seven steps can help Australia boom again. But we must choose growth
13+ hour, 13+ min ago (83+ words) afr.com Consulting giant McKinsey says Australia’s economy can be three times bigger by 2100 with seven smart steps. But to get there, we need to make a deliberate tilt towards growth. The Macquarie Group chief executive, who will retire in…...
Ashurst Perkins Coie swoops on Freehills M&A star
1+ day, 2+ hour ago (110+ words) AFR Ashurst Perkins Coie has plucked seasoned corporate lawyer Ben Plotnik from rival Herbert Smith Freehills Kramer as the former seeks to expand its global private capital team following a high-profile transatlantic merger. Freehills’ special counsel Ben Plotnik is heading…...
Morrison blasts Hanson’s ‘fundamental lack of decency’
1+ day, 5+ hour ago (79+ words) AFR Former prime minister Scott Morrison has jumped to the defence of his one-time political arch-nemesis Anthony Albanese after his mother’s use of social housing was criticised by One Nation leader Pauline Hanson. An emotional prime minister on Sunday said…...