EconomyLoop
where regional business news becomes global to everyone

This muscle-flaunting, sports-car driving broker has had his accounts frozen. Here’s why

A muscle-flaunting Melburnian who boasts about his sports car collection and playing poker with underworld figure Mick Gatto is at the centre of a company holding millions of dollars in clients' money that can't be accessed.... read more

 ABC1 hour ago

     
ATO ramps up its focus on rental properties

The Australian Taxation Office will undertake 4,500 audits of taxpayers it considers are "high risk" because they overclaim or don't declare income relating to rental properties.... read more

 ABC1 hour ago
Coles and Aldi to raise milk prices

From Wednesday, Coles and Aldi supermarkets will add 10 cents per litre to milk, vowing to help Australia’s dairy farmers.... read more

 News8 hours ago
Cow GPS collar to rake in $164m

An Australian company behind a GPS collar that creates a “virtual fence” for livestock is making big mooves on the world stage.... read more

 News9 hours ago
Twitter hit with $350 million legal claim

A Republican congressman has filed a $350 million legal claim against Twitter for allegedly “shadow-banning conservatives” to influence the 2018 elections.... read more

 News9 hours ago
How first home buyers are saving $15K

A big change aiming to help first home buyers crack the market has delivered almost $1 billion in savings so far.... read more

 News11 hours ago
Australia ‘first domino’ in next GFC

A collapse in the housing market could spill into the banking sector and send “shockwaves” through the global economy, experts have warned.... read more

 News12 hours ago
Westpac ditches advice, 900 jobs could go

Westpac is selling its personal financial advice business as Australia’s second-biggest bank exits the scandal-hit sector.... read more

 News12 hours ago
Coal export fears resurface as restrictions hit more Chinese ports and Australian prices cop a 'belting'

Is it a targeted policy to restrict imports, or "business as usual"? Analysts are divided about China's treatment of Australian thermal coal.... read more

 ABC12 hours ago
Netflix will not join Apple TV service

... read more

 News13 hours ago
Westpac expects to slash 900 jobs as it quits financial advice

Westpac flags redundancies as it offloads its loss-making advice business in the wake of the banking royal commission, with the market shifting towards independent financial advice.... read more

 ABC13 hours ago
CityLink toll hike costs revealed under report on West Gate Tunnel deal

Melbourne commuters who use CityLink to get to work face paying an extra $15,000 a year under the Victorian Government's plans for toll increases on the roadway in coming decades, analysis shows.... read more

 ABC14 hours ago
$130m pot greenhouse coming to Mildura

... read more

 News14 hours ago
Make budgeting great again

Household budgets are boring, but there are ways to make them more enjoyable. And if you can do that, you’re on the path to financial freedom.... read more

 News15 hours ago
Sad $7b fall of airline loved by Aussies

It boasted shiny new planes with swish interiors flying to exotic destinations, but a series of terrible decisions could see Etihad run out of runway.... read more

 News15 hours ago
Australia's $133b property price slide rapidly becoming the worst on record

Sydney and Melbourne are recording one of their fastest property price slumps on record, with official figures showing the downturn is spreading to other cities around the nation.... read more

 ABC15 hours ago
House price fall worst since GFC

ABS figures show the property market’s fall is worsening with the market losing $133 billion in value in just three months.... read more

 News15 hours ago
NSW Premier shows off driverless trains of Sydney Metro Northwest

Gladys Berejiklian and NSW Transport Minister Andrew Constance ride her Government's flagship infrastructure project, the Sydney Metro Northwest rail, which boasts driverless trains and is due to open in May.... read more

 ABC15 hours ago
'Significant uncertainty' in outlook: RBA

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 News16 hours ago
Asian shares steady ahead of Fed meeting

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 News16 hours ago
Australian home prices declined 2.4% in Q4

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 News16 hours ago
Ridiculous Sydney rule could shut bar

Sydney is becoming known across Australia for having ridulous rules. But this latest regulation is taking it to an absurd level.... read more

 News16 hours ago
Ardern leans on Facebook to drop shooter's footage, after talks with Sheryl Sandberg

New Zealand Prime Minister Jacinda Ardern says the social media giant's failure to remove graphic vision of the Christchurch shootings from its platforms, despite assurances it would — and despite communication from the Facebook COO — continues to ha... read more

 ABC16 hours ago
$200 Myer event ‘absolute disgrace’

A Sydney mum who forked out $200 on what was billed as an immersive Willy Wonka-style experience for her children says the event was an “absolute disgrace”.... read more

 News17 hours ago
Xenith board rejects IPH's takeover bid

... read more

 News17 hours ago
Music festival organiser says new regulations are 'an invasion of civil liberties'

NSW music festival operators have criticised the new strict licencing scheme, saying it stifles the music industry and that festival-goers should be free to take their own risks.... read more

 ABC17 hours ago
Port River dolphin calf population decimated

Every dolphin calf born in Adelaide's Port River this summer breeding season has died, sparking concerns that the whole population could disappear.... read more

 ABC17 hours ago
Westpac quitting personal financial advice

... read more

 News18 hours ago
Oz Lotto jackpots to $50 million

The lucky numbers still haven’t rolled in, so once again Aussies have the chance to win the staggering pool of cash in tonight’s draw.... read more

 News18 hours ago
What are the world's most expensive cities to live in?

It is the first time three cities have shared the unenviable title, according to The Economist Intelligence Unit's (EIU) 2019 Worldwide Cost of Living Survey.... read more

 ABC18 hours ago
Westpac biz boss takes on consumer bank

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 News18 hours ago
Miner New Hope records 4% profit increase

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 News18 hours ago
TPG H1 profit slumps 76.5% on mobile hit

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 News19 hours ago
US shares climb despite another descent for Boeing

US stocks rally in late trade, but gains are limited as Boeing and Facebook shares take a hit as both face regulatory threats.... read more

 ABC19 hours ago
Copper steady amid economic concerns

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 News20 hours ago
Tsujihara out as Warner Bros CEO

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 News20 hours ago
Can the Darwin Port's 99-year lease to China be reversed?

Just over three years into a 99-year lease of Darwin Port, the $506 million paid to the NT Government has been spent. Many of you asked whether the decision could be reversed and what role — if any — was played by former federal trade minister Andrew... read more

 ABC22 hours ago
The face of the $2 coin may gain further recognition

An Aboriginal elder and massacre survivor immortalised on the Australian $2 coin could be further recognised if a bid to rename a vast Northern Territory electorate is successful.... read more

 ABC22 hours ago
Extra loan help for homebuyers

Getting a home loan can seem tough at the best of times, and if you’re a first-home buyer or earn a low income, can seem almost impossible. Fortunately help is available.... read more

 News22 hours ago
Alleged crimes exposed at banking probe unlikely to hit court, experts say

Potential criminal acts in the financial services industry exposed at the banking royal commission may never hit court, governance experts say.... read more

 ABC22 hours ago
Ancient rule blocking Theresa May's bid to wheel out Brexit deal for third time

The speaker of Britain's House of Commons deals a potentially fatal blow to the Prime Minister's ailing Brexit deal, saying the government can't ask MPs to vote on the same deal they have already rejected twice.... read more

 ABCYesterday
120 labour market researchers sign an open letter calling for intervention to boost wage growth

The letter, endorsed by economists, lawyers and labour market experts, urges policy action to support wage growth and calls arguments that higher wages would threaten economic stability "puzzling and unconvincing".... read more

 ABCYesterday
Uber used secret spyware to try and crush Australian start-up GoCatch

Uber developed and deployed a spyware program in its Australian office in an attempt to crush a local start-up that was backed by billionaire James Packer.... read more

 ABCYesterday
‘Finance shock’ as apartment values tumble

The apartment glut in Melbourne and Sydney is adding further pain to the property market as buyers struggle to finance their off-the-plan purchases.... read more

 NewsYesterday
Darwin's underground power project restarts but could take 30 years to finish

A year after Cyclone Marcus, which left almost 30,000 residents without power, the NT Government has finally taken a decades-old program off ice — announcing it would move the power supply of nine Darwin schools underground.... read more

 ABCYesterday
Billion-dollar couple’s rocky marriage

“Brand Beckham” has reached a seriously impressive milestone — but things haven’t always been smooth sailing for Posh and Becks.... read more

 NewsYesterday
Entire town’s revenge on thieves

Two crooks thought they had swiped a painting worth $4.8 million. But in reality they were the victims of a whole town’s epic con.... read more

 NewsYesterday
'King of the surf guitar' Dick Dale dies aged 81

Dick Dale, who became known as "king of the surf guitar" with a twangy rapid-fire, reverb-heavy sound that was featured heavily in the film Pulp Fiction, dies at the age of 81 after bouts.... read more

 ABCYesterday
Edmund Capon, the man who transformed Sydney's modern art scene, dead at 78

In 1978, Edmund Capon catapulted from being an assistant keeper in a London museum to become the Art Gallery of NSW's longest and most influential director. He died after a long battle with cancer.... read more

 ABCYesterday
Meal delivery company collapses

An UberEats rival announced it has gone into administration, leaving customers who had ordered and paid for meals stranded.... read more

 NewsYesterday