ACCC wins watchdog of the year, as others lick their wounds

It’s been an infamous year for Australia’s economic regulators. Most ended it with their lack of vigilance exposed, their reputations battered and their ears stinging from judicial rebuke. The biggest loser is the Australian Securities and Investments Commission, followed by the Australian Prudential Regulation Authority. But the mismanagement of the national electricity market became more apparent. And neither the Reserve […]

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Avon Products Names Gustavo Arnal As New CFO, Succeeding Jamie Wilson

Avon Products, Inc. (AVP), a direct seller of beauty and related products, said Thursday that Gustavo Arnal has been appointed Executive Vice President and Chief Financial Officer, effective during Spring 2019. Gustavo will report directly to Jan Zijderveld, Avon’s Chief Executive Officer as a member of the Executive Committee. Jamie Wilson, Avon’s current CFO, has chosen to step down from […]

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Ball Corp. To Sell Metal Beverage Packaging Facilities In China – Quick Facts

Ball Corp. (BLL) announced an agreement to sell its metal beverage packaging facilities in China to ORG Technology Co. Ltd., a Chinese metal packaging company, for approximately $225 million total transaction consideration. The company said the proceeds from the sale will support its ongoing global growth initiatives and multi-year share repurchase program. The deal will have an immaterial effect on […]

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Rosy picture for girls’ achievement is not as it seems

Girls are leaving boys in the dust. That’s a storyline you often hear around this time of the year as school leavers get their final marks. Headlines inevitably draw attention to gender differences in the overall results. This year girls again outperformed boys, on average, in both Victoria and NSW, when it came to the Australian Tertiary Admission Rank, or […]

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Why the US economy will likely fall into a recession next year

Trade uncertainty is weighing on economy: Charles Schwab’s Liz Ann Sonders Charles Schwab chief investment strategist Liz Ann Sonders on the recent market volatility, the U.S.-China trade war and why there may be another recession looming. The U.S. economy will likely fall into a recession next year, according to Liz Ann Sonders, the chief investment strategist at Charles Schwab. Continue Reading Below […]

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ECB’s Draghi Warns Balance Of Risks To Growth Outlook Moving To Downside

Eurozone’s growth outlook is likely to face downside risks due to the persistence of uncertainties linked mainly to politics, trade wars and protectionism, European Central Bank President Mario Draghi warned on Thursday, as the bank confirmed that it is ending its massive asset purchase programme this month and trimmed the growth and inflation projections for next year. “The risks surrounding […]

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These are the U.S. stock market’s biggest losers this week

Brutal price action continued for U.S. stock investors Friday, with all three major indices ending with big declines. Johnson & Johnson JNJ, -10.04% led the largest companies lower, with the shares dropping 10%, after Reuters reported that the company knew for decades that its baby powder was contaminated with asbestos. The Dow Jones Industrial Average DJIA, -2.02% was down 497 points (2%), […]

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