Gareth Hutchens

Gareth Hutchens

Telcos

Telstra axes jobs in offshoring drive

Gareth Hutchens Telstra has flagged it will cut up to 170 jobs as it shifts part of its back office operations to India, amid sweeping changes to the company’s operations.

Regulation

Analyst cutbacks cloud briefing rules

Australian Securities and Investment Commission

Gareth Hutchens Big cutbacks in the number of broking analysts covering Australia's largest companies are partly responsible for controversies around selective analyst briefings, a key investor group has said.

Markets

Shares rebound, thanks to Europe easing

Markets

Gareth Hutchens The sharemarket closed higher for the week as global central banks once again took centre stage.

Mining

Expect a bumpy ride as mining boom peaks

truck and mining and stop.

Gareth Hutchens Australia's top economists warn the fallout from the mining boom could get messy.

Regulation

Trio fall: five more banned

Gareth Hutchens APRA accepts five more enforceable undertakings from former directors of failed Trio Capital.

Dollar

Bears circle Goldilocks as Aussie is tipped to slide

Bear and ASX

Glenda Kwek and Gareth Hutchens More bears have joined the downgrading party against the dollar, with a major investment bank expecting the currency to fall to US75¢ in 12 months.

Rates

ANZ backflips after RBA confirms 'joke'

Glenn Stevens.

Glenda Kwek and Gareth Hutchens Deputy RBA governor confirms his boss made a "light-hearted remark", prompting ANZ to revise its rates revision.

ASIC

Bank alerts save clients billions

Big Four Banks

Gareth Hutchens Customers have saved billions of dollars since Australia's banks began to disclose that high-interest-rate term deposits automatically roll over to much lower interest rates on maturity.

ACCC

Regulator warns on annual reports

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Gareth Hutchens The corporate regulator has warned Australia’s biggest companies about its areas of focus for financial year reports.

Shares

Bears back in hibernation as shares rally and dollar settles

Gareth Hutchens After the carnage of last week, things were being mopped up this week.

Stocks

Sharemarket recovering as dollar settles

Markets

Gareth Hutchens After the carnage of last week, things were mopped up this week as the sharemarket recovered its losses.

Legal

Hardie slugged with more asbestos claims

James Hardie Industries.

Gareth Hutchens Liabilities for a compensation fund set aside for victims of James Hardies' asbestos products have increased by $117 million to $1.7 billion.

Employment

More unemployed face competition for fewer job vacancies

Jobs and generic.

Gareth Hutchens Kevin Rudd is inheriting an economy in which it is getting harder to find a job.

Interest rates

Interest rate benchmark under scrutiny

A dealer studies screens.

Gareth Hutchens Australia's key interest rate benchmark will come under scrutiny as part of a global review..

Auditors

Promise to improve after ASIC warning

ASIC logo.

Gareth Hutchens Audit firms agree to lift their game after ASIC issues a 'final warning' to improve quality.

Stocks

Market moves into correction

Generic photo of the ASX  board in Melbourne on Wednesday, April 6, 2011.

Max Mason and Gareth Hutchens The local market is now nearly 10 per cent below its recent peak.

Market moves into correction

Max Mason Gareth Hutchens Australian shares are nearly 10 per cent below their recent peak, a drop that is widely considered a correction, after a string of poor data and a sharply weaker currency has forced investors to exit...

Capital raising

ASX taps investors for $553m

ASX logo.

Gareth Hutchens The ASX has tapped investors for $553 million in fresh funds to help it compete with foreign clearing houses.

Wealth

Should the rich pay more tax? The experts' view

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Gareth Hutchens Should wealthy Australians pay more tax, or at least pay their 'fair share' of tax? How much tax should each person pay?

Living standards will fall if we don't tax rich more: Cousins

Geoffrey Cousins

Gareth Hutchens A former Howard government adviser has warned Australia will need to increase taxes on its wealthiest families if it does not want standards of living to drop.

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