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First strike for Avita Medical

Spray-on skin company Avita Medical has pledged to reform its executive pay policy after shareholders overwhelmingly rejected its remuneration report, earning the company a first strike.

25 Nov 2013
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A jawboning by Stevens knocks dollar

The use of jawboning by central banks has come into focus after a month of intense efforts by the Reserve Bank to talk down the dollar culminated in governor Glenn Stevens last week flagging a possible intervention in foreign exchange markets.

25 Nov 2013
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Global capital may limit premiums

Institutional investors are increasingly keen to take on risk held by Australian insurers via reinsurance markets, in a trend that is tipped to limit premium rises after severe natural disasters.

25 Nov 2013
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Bourse's fate depends on capex puzzle

The sharemarket is tipped to start the week in positive territory, as investors await a clearer picture of the strength of the non-mining sector through the release of business spending expectation figures.

25 Nov 2013
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Will Abbott be deficient on deficits?

Will the Abbott government ultimately be judged a great reforming government or the worst money manager since Whitlam? In a delicious irony considering all the phoney outrage Abbott & Co expressed on the subject in opposition, this judgment will turn on how they respond to the budget's deep structural problems.

25 Nov 2013
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Wall Street exec jailed

A former top executive at the Credit Suisse Group was sentenced to 2 years in prison on Friday for inflating the value of mortgage bonds as the housing market collapsed.

25 Nov 2013
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US giants turn backs on factory fire victims

One year after the Tazreen factory fire in Bangladesh, many retailers that sold garments produced there or in the Rana Plaza building that collapsed in April are refusing to join an effort to compensate families of the more than 1200 workers who died in those disasters.

25 Nov 2013
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Regulator again slams Deloitte audits

The regulator of accounting firms in the United States says Deloitte & Touche for two consecutive years had failed to correct deficiencies in its audit procedures to its satisfaction.

25 Nov 2013
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In the season of good cheer, all we want is a fairer tax system

I am putting together a wish-list. It is not being mailed to the North Pole for Santa's attention; it is instead addressed to Joe Hockey in Canberra. This wish-list has nothing to do with the latest and best gadget on the market, but has everything to do with a fairer tax and retirement system.

25 Nov 2013
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Pressure to dole out credits

Harvey Norman's Gerry Harvey and the Australian Shareholders Association's Stephen Mayne agree on one issue — the retailer should pay out its millions of dollars in franking credits.

25 Nov 2013
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