BUSINESS

Newcrest Mining Face Probe on Plummeting Share Price

Pending an investigation, Newcrest Mining has promised to give its full cooperation and allow authorities to look into its disclosure record. The probe comes after share price of Newcrest Mining plummets to its all-time low in 30 years last week. The share price decreased by 15% as gold prices dropped as well.

Australians Don't Have Access to Basic Financial Services - Survey

A survey by the Center for Social Impact and NAB reveals that almost one in five Australians don't have access to basic financial services. This means they don't have at least two of the following: a basic bank account, a credit card, or basic home and car insurance.
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Perth Airport: Expect More Strike Protests

More strike protests are expected to be staged by angered employees at the Qantas terminal of Perth Airport after 11 security screeners were locked out of their jobs for wearing "Paid Less in the West" t-shirts. Employees are protesting that their wages are lower compared to their interstate counterparts.

U.S. auto industry Steadily Recovering, to Go on Hiring Spree

What previously was a struggling industry in the United States is now a booming area. The auto industry just recently announced its plans of going on a hiring spree. Car makers and suppliers are on the hunt for technicians, engineers and factory workers to satisfy the increasing demand and build the next generation cars.

Is Australia Losing Its Ability to Discover and Innovate?

The answer of Andrew Liveris, Dow Chemical global chairman and chief executive, to that question is a resounding "Yes". The chair of the Australia-US Business Council said that Australia is losing the ability to innovate and develop. Liveris said acknowledges that Australia has the resources and tools to discover new products and innovate.

Newcrest Mining Shuts Down Brisbane Office, Cuts 100 Jobs

The share price of Newcrest Mining falls to an all-time low in 30 years resulting in a $780 million loss for the company. Newcrest Mining blames the drop in gold prices on the company's decision to reduce spending by 20 percent.

Australian Stock Market Report – Afternoon 6/7/13

Another week has passed where sellers have continued to define the market atmosphere. The ASX200 has lost the most part of 10% since the early part of May. The defining aspect of market volatility during this period has been the open debate moderated by the US Fed on the winding back of quantitative easing. Adding another dimension the selling in local terms has been the pace of profit downgrades from corporates in recent week. This last point talks to the recent flow of economic news which has ...

A Genuine Economic Recovery Requires a Genuine Bust

Australia's economic growth for the three months to 31 March came in at 0.6%, just below expectations of 0.7% growth. The annual rate of expansion slowed to 2.5%, the slowest growth rate since June 2011.

Australian Stock Market Report – Midday 6/7/13

The Australian sharemarket is sliding for the third straight day, with the ASX200 Index down by close to 1 per cent at lunch. This is adding to the back to back 1 per cent falls on Wednesday and Thursday. Investors are feeling somewhat jittery ahead of a non-farm payrolls report out later tonight, in addition to the closure of the Aussie market on Monday due to a public holiday.

Hindenburg Omen Is Back

By Rudi Filapek-Vandyck, Editor FNArenaAs far as technical indicators go, the Hindenburg Omen sounds very scary and not only because it carries the name of a famous air travel accident that instantaneously killed off the attraction of traveling by zeppelin between Europe and the American continent.

Top App Picks in Apple Store for iPad and iPhone

Apple announced just last may that users have downloaded more than 50 billion apps from their App store. Since it was established, the App store has been an innovative avenue for convenience and technology. According to recent reports, users are downloading around approximately 2 billion apps every month.

Global Markets Overview – 6/7/13

So far our call that the ASX could see a winter wonderland has been put firmly on hold, as the market has be catapulted miles north of the wall, as horrible macro data muddies the water.

Australian Dollar Outlook – 6/7/13

The Australian Dollar is higher this morning after some very large moves in key international currencies in the last 24 hours with volatility extreme.

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