Stephanie Chalmers
Business Reporter at ABC News (Australia)
ABC business reporter. Views are my own, posts, RTs and likes do not represent the views of the ABC.
Articles
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1 week ago |
abc.net.au | Stephanie Chalmers
Optus has admitted to engaging in unconscionable conduct and has agreed to a $100 million penalty for selling customers phones and contracts they did not want or need. The consumer watchdog sued the telco in October over the practices, which affected hundreds of vulnerable customers.
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1 week ago |
abc.net.au | Nassim Khadem |Stephanie Chalmers
Australians could see petrol prices rise as high as $2.20 a litre, as analysts warn the spike in oil prices fuelled by the Israel-Iran conflict will flow "directly to the pump". With the price of Brent crude oil hitting three-year peaks as the conflict escalates, there are forecasts it could surge above $US100 a barrel in coming weeks. That could send the average national price of unleaded petrol, which is currently at $178.6 cents a litre, as high as $2.20.
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1 week ago |
abc.net.au | Emily Stewart |Stephanie Chalmers
A survey of financial counsellors found many energy customers facing financial difficulty aren't getting adequate support from their retailers. ENGIE was ranked the worst by counsellors for its approach to hardship, while WA's Synergy received the top ranking. Consumer advocates are calling for reforms to provide a nationally consistent hardship support, some of which are supported by the industry.
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2 weeks ago |
abc.net.au | Stephanie Chalmers
Oil prices rose to two-month highs overnight and are continuing to push higher. Reports, from the BBC among others, cited sources saying US was preparing to partially evacuate its Iraqi embassy due to heightened security concerns in the Middle East. Here's a wrap from Reuters on what it meant for oil overnight:Surprised traders bought crude futures on reports the US was preparing to evacuate its embassy in Iraq, OPEC's No. 2 crude producer after Saudi Arabia.
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3 weeks ago |
abc.net.au | Stephanie Chalmers
Corporate regulator ASIC has sued RAMS, alleging it engaged in systemic misconduct when arranging home loans. ASIC has accused the now-defunct Westpac brand of breaching its obligations under credit laws and engaging in "widespread unlicensed conduct" between June 2019 and April 2023. The allegations include that RAMS staff submitted fake pay slips as part of mortgage applications, and altered customers' debts and expenses so they would meet loan serviceability requirements.
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