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PM change should aid confidence: economist
pConsumer confidence is likely to have benefited from a change of prime minister - a bonus for retailers from the political upheaval of the past week. The ANZ-Roy Morgan weekly confidence gauge will be released on Tuesday the first to reflect the response to the toppling of Tony Abbott by Malcolm Turnbull. JP Morgan chief economist Stephen Walters believes the positive response to the leadership in the first opinion polls should also be reflected in consumer and business sentiment in the near term.p
Hotel chain considers Tunisia pullout
pA leading Spanish hotel operator is considering pulling out of Tunisia after extremist attacks that killed 59 tourists and devastated the countrys tourism industry. RIU said in a statement on Monday that it is in talks with owners of the nine properties it currently operates in Tunisia about their future. RIU operated the Imperial Marhaba Hotel targeted in a deadly attack on the Mediterranean resort town of Sousse in June.p
US expands VW pollution-skirting probe to other carmakers
pa hrefhttpau.finance.yahoo.comnewsus-expands-vw-pollution-skirting-09181879 8.html titleUS expands VW pollution-skirting probe to other carmakersimg srchttpl.yimg.combtapires1.2bZs1sIqhCkpvEWwPjIQkow--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AFP_ART_FTP_LIVE_11070bef8cdae34ee3ed6b8c190486404766a772e_original.jpg altUS expands VW pollution-skirting probe to other carmakers titleUS expands VW pollution-skirting probe to other carmakers width70 height70 alignleft border0 aThe US government has expanded its investigation of pollution-skirting devices in diesel vehicles to other manufacturers after Volkswagen admitted it used them to thwart US environmental standards. The Environmental Protection Agency said Monday that it will screen for so-called defeat devices in diesel vehicles on the road that are produced by other manufacturers. The California Air Resources Board is a partner in the investigation an EPA spokesperson said in an email to AFP.p
Kickstarter makes social good part of business model
pa hrefhttpau.finance.yahoo.comnewskickstarter-makes-social-good-part-090657 327.html titleKickstarter makes social good part of business modelimg srchttpl.yimg.combtapires1.2XlF6X5j8uyFppkYbH.DWQQ--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AFP_ART_FTP_LIVE_1b07c999f5a4d796e91b1c78e6044f6f3344d4059_original.jpg altKickstarter makes social good part of business model titleKickstarter makes social good part of business model width70 height70 alignleft border0 aCrowd-funding platform Kickstarter on Monday officially made social good part of its business model by changing its US corporate status. Kickstarter changed from a standard for-profit structure to being a public benefit corporation PBC that is out to make money but bound to take into account the effects of business decisions on society as well as on share holders according to the founders. Companies that believe there are more important goals than maximizing shareholder value have been at odds with the expectation that for-profit companies must exist ultimately for profit above all Kickstarter founders said in an online post.p
French rail operator 'discriminated' against 800 Moroccans
pa hrefhttpau.finance.yahoo.comnewsfrench-rail-operator-discriminated-agains t-085227944.html titleFrench rail operator 39discriminated39 against 800 Moroccansimg srchttpl.yimg.combtapires1.2jRWEkWKNbnFNAFdzMBRTHA--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AFP_ART_FTP_LIVE_1485d95017e9b7baab76013e325bb84270aa9fb9d_original.jpg altFrench rail operator discriminated against 800 Moroccans titleFrench rail operator discriminated against 800 Moroccans width70 height70 alignleft border0 aAn industrial court on Monday found French rail operator SNCF guilty of discriminating against some 800 Moroccan railway workers and ordered it to pay roughly 150 million euros 170 million in damages. Sent to France in the 1970s from freshly independent Morocco to make up for a lack of manpower at the SNCF the workers claimed they suffered decades of deliberate career prejudice. Young strong and available to work at Christmas as one railway worker Abdelghani Azhari put it the immigrants toiled away but their careers went nowhere.p
Morrison seen as more disciplined
pa hrefhttpau.finance.yahoo.comnewsmorrison-seen-more-disciplined-040908735. html titleMorrison seen as more disciplinedimg srchttpl.yimg.combtapires1.2uB8vsXCFFNiwF6FcvkbH3Q--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AAP_ART_FTP_LIVE_13051499_20150921001179803724-original_1280x720_original.jpg altMorrison seen as more disciplined titleMorrison seen as more disciplined width70 height70 alignleft border0 aEconomists hope new treasurer Scott Morrison will be better than his predecessor at selling and implementing policy. Mr Morrison was sworn in as the new treasurer on Monday following new prime minister Malcolm Turnbulls weekend ministry reshuffle. Weeks before Mr Turnbulls leadership challenge there was speculation that Mr Hockey would be dumped after he had trouble getting his first budget passed and troubles with selling economic policies.p
Biotech stocks fall as Clinton slams high drug prices
pa hrefhttpau.finance.yahoo.comnewsbiotech-stocks-fall-clinton-slams-0834595 48.html titleBiotech stocks fall as Clinton slams high drug pricesimg srchttpl2.yimg.combtapires1.2Cjjj4YagiNy6uDbj3E56wA--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_143f90614d204022941096f525536cd39f3bf01fd_original.jpg altBiotech stocks fall as Clinton slams high drug prices titleBiotech stocks fall as Clinton slams high drug prices width70 height70 alignleft border0 aBiotech stocks took a hit Monday after Democratic presidential frontrunner Hillary Clinton pledged to take action against runaway price increases on specialty drugs. At around 1810 GMT the Nasdaq Biotechnology Index was off 4.5 percent at 340.76. Larger biotech firms fell including Amgen -2.1 Celgene -3.7 percent and Gilead Sciences -2.8 percent.p
Construction at Berlin's troubled airport halted again
pa hrefhttpau.finance.yahoo.comnewsconstruction-berlins-troubled-airport-hal ted-082505019.html titleConstruction at Berlin39s troubled airport halted againimg srchttpl3.yimg.combtapires1.2pqYmqRImHJaS4GipmV3Lkg--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_11c4e14ac6db98bf2ad12ca07dfb2aa7ede52cc31_original.jpg altConstruction at Berlins troubled airport halted again titleConstruction at Berlins troubled airport halted again width70 height70 alignleft border0 aGerman authorities Monday ordered an immediate halt to construction work on Berlins troubled and long-delayed new airport after finding possible structural flaws in the terminal roof. The latest bad news to hit the BER airport project risks further delaying its opening -- initially planned for 2012 but repeatedly pushed back with the date now set for late 2017. The building authority for the Dahme-Spreewald locality said it had told the construction firm Monday to immediately stop building works for the area underneath the entire terminal roof of the BER airport until security checks could be carried out by engineers.p
Springvale mine expansion gets key support
pThe expansion of the Springvale coal mine west of Sydney is likely to go ahead after authorities recommended measures to combat feared impacts on the citys water supply. The NSW Department of Planning and Environment has recommended the Springvale expansion for approval and the final decision now lies with the independent Planning Assessment Commission PAC. Environmentalists had opposed the expansion fearing underground mining would crack and drain sensitive swamps and contaminate a major river that feeds into Sydneys water supply Lake Burragorang.p
Gazprom offers talks to settle EU antitrust case
pa hrefhttpau.finance.yahoo.comnewsgazprom-offers-talks-settle-eu-081110840. html titleGazprom offers talks to settle EU antitrust caseimg srchttpl3.yimg.combtapires1.2pt..njyPod58dwaGCwdOkA--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_1362f66a6b579627184697610138112f0ded43898_original.jpg altGazprom offers talks to settle EU antitrust case titleGazprom offers talks to settle EU antitrust case width70 height70 alignleft border0 aGazprom on Monday submitted a proposal to answer accusations by EU antitrust regulators that the Russian energy giant imposed unfair prices on customers in eastern Europe. The European Commission in April accused state-owned Gazprom with infringing the blocs single market rules which has threatened to aggravate tensions between Europe and President Vladimir Putins Russia when their ties are already strained over the crisis in Ukraine. The Commission can confirm it has received a set of commitment proposals from Gazprom which it will assess carefully EU spokesman Ricardo Cardoso said in an emailed statement.p
Oil prices rebound
pa hrefhttpau.finance.yahoo.comnewsoil-prices-rebound-013054244.html titleOil prices reboundimg srchttpl3.yimg.combtapires1.2Rb5fLIRbKZS910REdn0vNA--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_1e6642bc6f75af3d7564e4efbd3a3885e7c8ec3a1_original.jpg altOil prices rebound titleOil prices rebound width70 height70 alignleft border0 aUS benchmark West Texas Intermediate for delivery in October jumped 1.46 to 46.13 a barrel compared with Fridays close. Brent North Sea crude for November grew 91 cents to stand at 48.38 a barrel in late London trading. Prices had sunk Friday after the US Federal Reserve expressed doubts about the strength of the global economy as it held off from an interest rate hike.p
Brazil ruling party heavyweight sentenced for corruption
pa hrefhttpau.finance.yahoo.comnewsbrazil-ruling-party-heavyweight-sentenced -063109953.html titleBrazil ruling party heavyweight sentenced for corruptionimg srchttpl1.yimg.combtapires1.2.CH6.0XGnZoF6Yl1o59t9w--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_134ae1fe991bb39135361a38a9778f4d709429586_original.jpg altBrazil ruling party heavyweight sentenced for corruption titleBrazil ruling party heavyweight sentenced for corruption width70 height70 alignleft border0 aThe former treasurer of Brazils ruling party was sentenced Monday to more than 15 years in prison for his role in a massive corruption scandal at state oil giant Petrobras. The judge investigating the scandal found Joao Vaccari who was the Workers Party treasurer until April guilty of corruption money-laundering and conspiracy and sentenced him to 15 years and four months. Vaccari was accused of receiving bribes from Petrobras contractors and distributing them to members of the ruling party.p
Alstom to win US train deal from Amtrak: senator
pa hrefhttpau.finance.yahoo.comnewsalstom-win-us-train-deal-074706513.html titleAlstom to win US train deal from Amtrak senatorimg srchttpl2.yimg.combtapires1.2WbwHo.6F4Bz9B17x0yR9XA--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_120ae80507a84c467de53a28432f01ec8cce9cd98_original.jpg altAlstom to win US train deal from Amtrak senator titleAlstom to win US train deal from Amtrak senator width70 height70 alignleft border0 aThe US branch of Frances Alstom is in line to win a big piece of US railroad Amtraks 2.5 billion next-generation high-speed rail project Senator Charles Schumer said Monday. The powerful New York senator said Amtrak is expected to announce the choice of Alstom which builds trains in Hornell in western New York as a key supplier in the deal on Tuesday. This impending decision by the board paves the way for Alstom to build the next-generation high-speed trains that will operate on the Northeast Corridor and is a monumental victory for upstate manufacturing the statement said.p
German auto giant Volkswagen slams into huge false emission scam
pa hrefhttpau.finance.yahoo.comnewsgerman-auto-giant-volkswagen-slams-031636 122.html titleGerman auto giant Volkswagen slams into huge false emission scamimg srchttpl.yimg.combtapires1.2.lUGCHlC4VSc8XUy1u.vOw--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AFP_ART_FTP_LIVE_13b375566cc3d9e59c1a5695f006802d90df694cb_original.jpg altGerman auto giant Volkswagen slams into huge false emission scam titleGerman auto giant Volkswagen slams into huge false emission scam width70 height70 alignleft border0 aGerman auto giant Volkswagens shares plummeted nearly 20 percent Monday as investigations spread into revelations that hundreds of thousands of its diesel cars have software that secretly thwarts US pollution tests. Volkswagen the worlds largest automaker by sales in the first half of this year said it had halted all diesel vehicle sales in the United States during a probe into the scandal which could lead to fines of more than 18 billion 16 billion euros. In Germany which is hosting the Frankfurt motor show vaunting the industrys strengths and environmental credentials the government launched an investigation into whether Volkswagen or other carmakers are doing anything similar in Germany or Europe.p
Volkswagen crashes, but Greece hopes lift European equities
pa hrefhttpau.finance.yahoo.comnewsvolkswagen-crashes-greece-hopes-lift-0436 07228.html titleVolkswagen crashes but Greece hopes lift European equitiesimg srchttpl.yimg.combtapires1.2Ka8zUdFdXtZT7X6vMg8DBQ--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AFP_ART_FTP_LIVE_1ee8a56ca9f94bb4ba7926a63b9de2b0af01eee88_original.jpg altVolkswagen crashes but Greece hopes lift European equities titleVolkswagen crashes but Greece hopes lift European equities width70 height70 alignleft border0 aVolkswagen shares plunged Monday as investigations spread into its thwarting of pollution controls but European markets rose on hopes Greece may follow austerity reforms following the governments re-election. Volkswagen the worlds largest automaker by sales in the first half of this year said it had halted all diesel vehicle sales in the United States during a probe into the scandal which could lead to fines of more than 18 billion 16 billion euros. According to the US authorities VW equipped nearly half a million vehicles with sophisticated software that discreetly turns off pollution controls when driving normally and turns them on when it detects that the car is undergoing an emissions test.p
$A falls on US interest rate uncertainty
pNegative reaction to the US central banks uncertain interest rate outlook has driven the Australian dollar lower. The Australian dollar initially rallied on the US Federal Reserves decision to keep its benchmark interest rate on hold on Friday night. The market is still digesting the US Feds decision he said.p
Weary Greeks brace for more economic pain after Tsipras victory
pa hrefhttpau.finance.yahoo.comnewsweary-greeks-brace-more-economic-07101200 4.html titleWeary Greeks brace for more economic pain after Tsipras victoryimg srchttpl2.yimg.combtapires1.2ccU9AM4NFxDE880v5OPOXw--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_1b36af024df248cecb02d339b9ca14a5405351dd7_original.jpg altWeary Greeks brace for more economic pain after Tsipras victory titleWeary Greeks brace for more economic pain after Tsipras victory width70 height70 alignleft border0 aWeary Greece braced for more painful austerity Monday as left-wing prime minister-elect Alexis Tsipras worked on forming a coalition to drive through unpopular reforms agreed with the nations international creditors. Tsipras will assume office at 1700 GMT and told President Prokopis Pavlopoulos that a coalition government with the nationalist Independent Greeks party -- his allies in the last cabinet -- would be sworn in by Wednesday morning. France Germany Spain and European Council president Jean-Claude Juncker pledged to help Greece through both on the economic front and in dealing with the worsening migrant crisis.p
Aust market falls around two per cent
pThe Australian share market has fallen sharply following a steep decline in US markets prompted by concerns about global growth. The US Federal Reserve held its key interest rate near zero on Thursday ...p
Berlin orders 'extensive tests' on all Volkswagen diesel models 
pa hrefhttpau.finance.yahoo.comnewsberlin-orders-extensive-tests-volkswagen- 070503734.html titleBerlin orders 39extensive tests39 on all Volkswagen diesel modelsimg srchttpl1.yimg.combtapires1.20nX79hPsf9btsz3EpT65HA--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_11833e676c2e4cb6b6ad1ba725cb6862d8a9ec08d_original.jpg altBerlin orders extensive tests on all Volkswagen diesel models titleBerlin orders extensive tests on all Volkswagen diesel models width70 height70 alignleft border0 aThe German government has ordered extensive tests on all Volkswagen diesel models Transport Minister Alexander Dobrindt told Bild on Monday after it was revealed the company had programmed software to thwart US pollution control tests. I asked the Federal Motor Transport Authority to immediately have specific and extensive tests conducted on all Volkswagen diesel models by independent experts Dobrindt told the German tabloid.p
Being treasurer a 'privilege': Morrison
pa hrefhttpau.finance.yahoo.comnewsbeing-treasurer-privilege-morrison-052509 105.html titleBeing treasurer a 39privilege39 Morrisonimg srchttpl.yimg.combtapires1.2l5okDQg1VPLbEU5vGht5Kg--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AAP_ART_FTP_LIVE_13051343_20150921001179838925-original_1280x720_original.jpg altBeing treasurer a privilege Morrison titleBeing treasurer a privilege Morrison width70 height70 alignleft border0 aScott Morrison says he will consult widely in coming weeks as he puts together his first mid-year budget review and responds to a series of reviews including the tax white paper. In his first statement after being sworn in as treasurer on Monday Mr Morrison said the Turnbull government would aim to provide economic opportunity and security for Australian families. Mr Morrison said it was the governments duty to taxpayers to manage the nations public finances while continuing to steadily reduce the budget deficit and the debt burden.p
Aust bonds rise on US Fed uncertainty
pThe Australian bond market is firmer as investors and traders avoid risk assets in the wake of the US central banks interest rate decision. At the end of last week the US Federal Open Market Committee ...p
Stocks to watch on Monday
pStocks to watch on the Australian stock exchange on Monday Sept 21 AFJ - AFFINITY EDUCATION - up 0.5 cents or 0.6 per cent at 90 cents GEM - G8 EDUCATION - down four cents or 1.25 per cent at 3.15 ...p
zipMoney consumer loans growing rapidly
pCredit provider and market debutant zipMoney says the amount of money it has lent to consumers has climbed 80 per cent in the past three months. zipMoney which listed on the Australian Securities Exchange ...p
Brazil ruling party ex-official sentenced for corruption: judge
pa hrefhttpau.finance.yahoo.comnewsbrazil-ruling-party-ex-official-061935938 .html titleBrazil ruling party ex-official sentenced for corruption judgeimg srchttpl1.yimg.combtapires1.2.CH6.0XGnZoF6Yl1o59t9w--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_134ae1fe991bb39135361a38a9778f4d709429586_original.jpg altBrazil ruling party ex-official sentenced for corruption judge titleBrazil ruling party ex-official sentenced for corruption judge width70 height70 alignleft border0 aThe former treasurer of Brazils ruling party was sentenced Monday to more than 15 years in prison for his role in a massive corruption scandal at state oil giant Petrobras a judge ruled. The judge investigating the Petrobras scandal found Joao Vaccari the former Workers Party treasurer guilty of corruption money-laundering and conspiracy and sentenced him to 15 years and four months.p
Aust shares close lower
pThe Australian share market has closed lower as investors interpret the US Feds caution on interest rates as evidence of an ailing global economy. At the close on Monday the benchmark SPASX200 index ...p
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