Money

Australia’s Crown Resorts appoints new Chairman as Helen Coonan departs

Published

3 years ago

August 26, 2021

Outgoing Crown Resorts chair Helen Coonan has been replaced by NBN chair Ziggy Switkowski

Outgoing Crown Resorts chair Helen Coonan has been replaced at the helm of billionaire James Packer’s imperilled casino empire by former Telstra chief executive and respected company director Ziggy Switkowski.

At the age of 73, MrSwitkowski last year was a director of fellow gaming company Tabcorp.

Switkowski’s appointment to Chairman comes amid three separate royal commissions into the Crown Resort company’s affairs, the most recent of which is still unfolding in Perth.

https://twitter.com/tickerNEWSco/status/1430816023905587204?s=20

Switkowski is currently the chair of the federal government-owned NBN Co

Mr Switkowski will be chair to Crown’s new chief executive Steve McCann, who is yet to receive probity clearance from Crown’s myriad regulators.

Switkowski as a former Tabcorp director has jumped through probity hoops before in both Victoria and NSW, which should speed up what has been a slow process of approval for other new Crown executives and directors.

The group is expected to reveal its annual results to the market on Monday.

Money

China has pledged to “significantly increase” debt to jumpstart its economy

Published

11 hours ago

October 14, 2024

ticker NEWS

Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

Leaders

Niche accountants proving essential to e-commerce success

Published

5 days ago

October 9, 2024

ticker NEWS

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

5 days ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending