Money

Complex pay won't motivate execs

EXECUTIVES are so confused by complicated pay packages lavished on them by remuneration committees they are no longer motivated by them, a study has claimed.
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Pyramid scheme busted

THE Federal Court has imposed penalties totalling $200,000 on three individuals for their illegal participation in the pyramid selling scheme TVI Express.
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Facebook begins trading

Now considering Facebook boasts about 900 million users around the world, it’s fair to assume a fair number of people reading this owns an account.

SOCIAL media giant Facebook began trading on Friday, with early estimates placing its value at more than $100 billion.
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Cost of living hurting needy

Young people (model pictured) are feeling the pressure of increasingly high costs of living in Gladstone.

THE two-speed economy is exacerbating cost-of-living pressures on those most in need, a Salvation Army report reveals.
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Expect modest recovery for pork

The report said the success of the grilling season in the northern hemisphere and prospects for Asian imports would be the key determining market factors moving through 2012.

RABOBANK is forecasting a modest recovery in the pork market in the second half of 2012.
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Rate cut over high bank charges

THE Reserve Bank of Australia has revealed its latest interest rate cut was done partly to compensate for higher lending rates being charged by banks.
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Battle begins over Fair Work

BUSINESS and industry groups have urged Fair Work Australia to show restraint in lifting the minimum wage.
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Aussie dollar drops below parity

THE Australian dollar has dropped below parity with the greenback for the first time in 2012 as investors fret over the outlook for the economy.
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ANZ last to lower rates

ANZ Australia chief executive Philip Chronican said the RBA's decision had impacted domestic funding sources, giving the bank scope to reduce its rates.

ALL of the four big banks now have cut interest rates, with ANZ the final bank to join the party, lowering its rate by 37 basis points on Friday.
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Regional Budget Wrap

Regional Australia Minister Simon Crean pointed to the benefits of broader projects, many of which were leaked before budget day.

CONTINUED funding for health services and infrastructure in regional Australia were the feature of a business-as-usual budget.
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