Red Hat Platform, Infrastructure and Enterprise Architecture Group Services Manager, Colin McCabe - Talking Business 2013 - Ep11
Summary: Interview with Colin McCabe of Red Hat Interview with RMIT economist Jonathan Boymal Leon and Garry talk about issue including: · Cyprus appealing to the EU for help in weathering a devastating economic crisis, as eurozone ministers approved a €23 billion ($A28.81 billion)- rescue plan for the nearly bankrupt island, while Euro MEPs press for a special inquiry into the botched bailout of Cyprus last month, Eurozone finance ministers agree to give Ireland and Portugal more time to repay their bailout loans with Greece and international creditors reaching agreement on its economic recovery efforts, opening the way for the disbursement of €8.8 billion ($A11.07 billion) in bailout loans. · China slowing down, sending tremors through financial markets around the world · Gold prices suffering their sharpest fall since the 1980s, heightening fears among investors that the precious metal’s decade-long bull run has ended. · The World Bank forecasting that East Asian and Pacific economies will grow 7.8 per cent this year while the International Monetary Fund says Australia will at three per cent this year before this rises to 3.3 per cent next year, after an expansion of 3.6 per cent in 2012 · The Reserve Bank of Australia saying the inflation outlook provides scope for further easing despite the high exchange rate · The Australian Bureau of Statistics revealing that the demand for home loans beat expectations in February, marking the first increase in five months, demand for motor cars has fallen but more are taking out personal loans · With Western Australia and Queensland posing the biggest obstacle to a comprehensive deal between Julia Gillard and the states on school funding, causing the Prime Minister to delay the deadline for her $14.5 billion Gonski package to 2019-19 · Woodside Petroleum’s decision to scrap its plans for a $45 billion LNG project at James Price Point reigniting a debate about the cost of doing business in Australia. · Crocodile Dundee star Paul Hogan taking legal action against his once-trusted tax adviser of absconding with $US34 million ($32.3 million) he helped Hogan hide in offshore tax havens. · Woolworths looking to expand outside the Australian market for the first time as it searches for new growth opportunities after posting a 5.6 per cent spike in quarterly food and liquor sales · Victorian building unions set to request formal proposals from superannuation schemes vying to replace Cbus as the default fund for construction workers. · Shareholder services provider Computershare Ltd paying $US10 million ($A9.57 million) to buy a 25 per cent stake in United States company INVeSHARE. · The Australian government facing calls to broaden the scope of its carbon tax, as new figures show Australia's greenhouse gas emissions fell only slightly last year. · A new chapter starting for Australian clothing and bootmaker RM Williams after the 81-year-old company confirmed yesterday that it had sold a 49.9 per cent share to L Capital Asia, a private equity fund sponsored by French luxury giant LVMH Group, in a deal believed to be worth about $53 million. · Rio Tinto Ltd posts record rise in iron ore output.
