Garry Barker and Leon Gettler - Talking Business 2010 Ep 22c

A review of the week in business, with expert analysis and commentary

Leon and Garry talk about Julia Gillard’s olive branch to miners and the Federal Government’s $11 billion deal locking Telstra into the National Broadband Network. Meanwhile, investigations are going on into potential insider trading ahead of the Telstra announcement. Commodity exporters are expected to be the big winners from China’s decision move away from pegged currency. Meanwhile commodity prices are expected to rise 23% to steer Australia through the financial crisis. Rio Tinto and BHP Billiton have lifted their royalty payments to the WA Government to $340 million, although WA premier Colin Barnett denies it is a bribe. The number of millionaires in Australia rose 34.4% last year. David Jones meanwhile has set up a hotline for staff members to report instances of sexual harassment. A Commonwealth Bank report shows that the discounts offered by retailers are not attracting customers. China and Australia sign accords worth $10 billion expanding their energy and resources ties. The number of new vehicles sold in Australia is down, according to the ABS. Elders has slashed its earnings forecast and is headed for an $8 million loss, following last year’s profit of $557 million, signaling problems in the agricultural sector. Broker Sonray Capital Markets has entered voluntary administration, freezing 3000 accounts and Perpetual chief David Deverall has announced he is stepping down.

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Garry Barker and Leon Gettler
RMIT, Business, Economics, Julia Gillard, Telstra, NBN, Yuan, millionaires, Sonray Capital Markets.