Fortescue Metals Group will establish a New York-based capital office, Fortescue Capital, in a move designed to attract broader outside funding to its green energy projects.
Big four accounting firm EY has cut five jobs from its Perth office as it sheds 232 employees, becoming the latest firm to announce redundancies due to weak demand.
The Reserve Bank of Australia has delivered a Melbourne Cup Day blow to mortgage holders, increasing the nation’s cash rate by 25-basis points to 4.35 per cent.
The Australian Prudential Regulation Authority has found "significant weaknesses" in RAC’s governance and added $20 million to the insurance company’s capital requirement.
Perth-based Pioneer Credit claims it lost more than $30 million because of PwC’s breach of duty and misleading conduct, in a court action against the accounting firm.
Wealth management firm Ord Minnett has lost more than a dozen clients since sacking Perth-based senior adviser Faye Longmuir, a Federal Court judge found.
A 1.2 per cent quarter-on-quarter increase in consumer price index data released today has fueled predictions of a Reserve Bank cash rate hike in November.
Cottesloe-based fund manager Endeavor Asset Management has announced a new equity investor in Melbourne-based Freedom Finance Australia managing director Chris MacEachern.
Ord Minnett is suing its former senior adviser Faye Longmuir, who has temporarily been banned from soliciting clients she knew during her time at the company.
St Georges Terrace broker Argonaut has posted weaker profits against a particularly prosperous previous financial year, as subdued markets stifle brokerage turnover.
