Edmund Tadros :: Journalist

Door opened for more retail development in NSW COMPLAINTS by...

Mon, 19 Apr 2010 00:00:00 +1000

Door opened for more retail development in NSW

COMPLAINTS by shopping centre owners and other retailers that new retail developments are anti-competitive will no longer be relevant to planning considerations, the New South Wales Government says.

The move should lead to an increased level of retail competition in the state but may also make it easier for shopping centre owners and other existing major retailers to redevelop or expand in the state.

April 15, 2010: Green light for second Australian Costco

COSTCO is set to open its second Australian store despite opposition from shopping centre owners.

April 6, 2010: Shopping centre owners fight planned $60m Auburn Costco

THE nation’s most powerful shopping centre owners are trying to stop the expansion of US discount warehouse chain Costco, claiming a planned multi-million dollar development is illegal.

Reserve Bank hikes its official cash rate to 4.25pc

Tue, 06 Apr 2010 00:00:00 +1000

THE major banks have moved quickly to hike their standard variable home loan rates after the Reserve...

Jobless rate increases to 5.3pc

Thu, 11 Mar 2010 00:00:00 +1100

ECONOMISTS are split on whether the latest jobless data will pressure the Reserve Bank into raising...

ACCC wins case against online retailer Ozdirect

Fri, 01 Jan 2010 00:00:00 +1100

THE competition watchdog has won its case against online retailer Ozdirect Online Brands and its...

Surprise jump in Australian jobs market

Fri, 11 Dec 2009 00:00:00 +1100

THE jobless rate has fallen to 5.7 per cent with the number of employed people increasing by an...

Last chance for offshore tax dodgers

Tue, 01 Dec 2009 00:00:00 +1100

THE tax office has doubled the penalties for tax cheats who admit to hiding money in offshore tax...

Australian Tax Office seeking details of secret UBS bank accounts

Wed, 11 Nov 2009 00:00:00 +1100

THE tax office is using a landmark US case to crack open details of secret Swiss bank accounts held...

Economist Steve Keen loses housing bet against Rory Robertson

Tue, 03 Nov 2009 00:00:00 +1100

AN ECONOMIST known as the “Merchant of Gloom” will have to walk from Canberra to the top...

Reserve Bank hikes its interest rate THE Reserve Bank board has...

Tue, 03 Nov 2009 00:00:00 +1100

Reserve Bank hikes its interest rate

THE Reserve Bank board has increased its official interest rate from 3.25 per cent to 3.5 per cent.

It is the fourth time in a row the bank has altered rates on Melbourne Cup day.

Less than 15 minutes later, ANZ announced it had also raised its standard variable home loan rate by 0.25 per cent.

And by late afternoon Commonwealth Bank, NAB and Westpac had all increased their standard variable home loan rate by the same amount.

Read more about interest rates at news.com.au.

Qantas passengers exposed to toxic air, alleges book QANTAS...

Wed, 28 Oct 2009 00:00:00 +1100

Qantas passengers exposed to toxic air, alleges book

QANTAS allowed a Boeing B747 plane to continue operating for nine months even though it was leaking oil, an unauthorised history of the airline claims.

During this time, a flight engineer was overcome by toxic fumes believed to have been caused by the oil leak.

No Telstra tip-off for Future Fund - report

Tue, 27 Oct 2009 00:00:00 +1100

THE Future Fund has no record of any correspondence alerting it to the Federal Government’s...

ANZ’s new brand to rebuild customer trust, says marketing...

Fri, 23 Oct 2009 16:00:00 +1100

ANZ’s new brand to rebuild customer trust, says marketing expert

DESPITE a thumbs down from news.com.au readers, a marketing expert has defended a bank’s expensive logo change as an attempt to ”humanise” its image.

Almost half of news.com.au readers gave ANZ’s new “blue blob” logo the thumbs down in an on-line poll and in comments.

“Consumers have had their faith in financial institutions shaken, they are no longer seen as safe,” Melbourne Business School marketing expert Jody Evans said.

Read more about ANZ’s new brand at news.com.au.

Kidnapped child found after AUSTRAC follows global money trail

Thu, 22 Oct 2009 14:00:00 +1100

A KIDNAPPED child was reunited with her mother after Australian authorities tracked her down by...

Wickenby identifies $440m in tax owing

Wed, 21 Oct 2009 00:00:00 +1100

TWO Australian Tax Office programs targeting wealthy tax-dodgers have managed to identify almost...

Coles axes discount petrol offer

Fri, 16 Oct 2009 14:30:00 +1100

COLES has spiked a 40c-per-litre petrol discount offer after the competition watchdog said it might...

Commonwealth Bank fined $100,000 over botched capital raising disclosure

Wed, 14 Oct 2009 11:05:00 +1100

COMMONWEALTH Bank has been fined the maximum $100,000 by the corporate watchdog for failing to...

Surprise fall in jobless rate to 5.7pc AN EXTRA 40,600 jobs were...

Thu, 08 Oct 2009 12:39:00 +1100

Surprise fall in jobless rate to 5.7pc

AN EXTRA 40,600 jobs were created in September against a predicted loss of 10,000 positions, latest government data shows.

The jobless rate has fallen to 5.7 per cent, while market expectation said it would increase to 6 per cent

Read more about Australia’s labour market at news.com.au.

Myer a ‘nothing’ brand that could eat itself -...

Thu, 08 Oct 2009 00:01:00 +1100

Myer a ‘nothing’ brand that could eat itself - expert

MYER is in danger of becoming a “nothing” brand that risks cannibalising itself with an aggressive growth strategy of 15 proposed new stores.

The chain has also disguised falling sales by adding in the revenue made by companies who rent store space, according to one expert.

The department chain’s marketing and sales figures are the latest links of the prospectus to be criticised ahead of the multi-billion dollar float that one fund manager has already called ”mutton dressed up as lamb”.

Read more about the Myer float at news.com.au.

Desperate jobseekers fooled by fake ads

Wed, 07 Oct 2009 15:25:00 +1100

AN IT training company that lured candidates with the promise of “guaranteed jobs” has...

Reserve Bank lifts interest rates to 3.25 per cent THE Reserve...

Tue, 06 Oct 2009 15:44:00 +1100

Reserve Bank lifts interest rates to 3.25 per cent

THE Reserve Bank has lifted its official interest rate by 25 basis points to 3.25 per cent.

This marks the first time since March 2008 that the central bank has lifted rates.

In response, Australia’s big four banks all said they are reviewing their standard variable mortgage interest rates.

A 25 basis point increase to the official rate adds about $45 a month to a $300,000, 25-year home, according to comparison website RateCity.

Read more about interest rates at news.com.au.