Crown Resorts CEO out as chair promises reform
Crown Resorts CEO and board director Ken Barton has become the highest-profile sacrifice in the wake of a scathing review of the casino giant. Mr Barton agreed to resign after meeting with company chair Helen Coonan on Thursday, The Australian reports. The chief executive had been under pressure after a damning inquiry report made findings […]
ASX’s three-day winning run grinds to halt
The S&P/ASX200 benchmark index closed lower by 59.1 points, or 0.87 per cent, to 6765.5 on Thursday. The All Ordinaries closed lower by 53 points, or 0.75 per cent, at 7037.9. All sectors were lower. Property had the biggest drop, 2.38 per cent, after climbing 2.56 per cent on Wednesday. Utilities lost two per cent. […]
China still needs Australia to power its economic recovery
China and Australia spent much of last year in a tense standoff on trade. But as the recovery of the world’s second largest economy gathers pace, China needs more iron ore and Australia is still its main supplier. Beijing on Monday reported that China’s GDP grew 2.3% last year, averting the recession that gripped much […]
Hospitality JobKeeper extension rejected
Josh Frydenberg has rejected a proposal to extend JobKeeper payments for the hard-hit hospitality industry. Restaurant and Catering chief Wes Lambert wants taxpayer-funded wage assistance extended for six months beyond March for businesses hit by coronavirus-induced lockdowns and border restrictions. But the treasurer ruled out the idea in a written response published by The Australian […]