BUSINESS

Osborne’s Bank Reform Criticized by Commission

The Parliamentary Commission on Banking Standards has criticized the Chancellor George Osborne's bank reform as it is simply unbalanced and inadequate. The Commission has underlined that the financial regulator should be given competence to separate high street and investment banking.

Alibaba bets on Jonathan Lu as new CEO

On the 11th of March, Chinese online giant Alibaba Group informed that its executive vice president Jonathan Lu would take the helm from current chief executive officer Jack Ma. The nomination was announced amid growing speculation over its forthcoming initial public offering.

BHP Firmly Rejects China’s Allegations of Iron Ore Manipulation

On the 7th of March, BHP Billiton Ltd. firmly rejected China's allegations of iron ore manipulation aimed at driving prices up, underlining that it would improve its transparency in trade with the world's second economy. China, which is the world's biggest consumer of iron ore, is convinced that three iron ore miners manipulated the market, thereby pushing prices up.
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Samsung after the Galaxy S4 Release, Expect Bigger Things to Come

Samsung Galaxy S4 debuts this week and the tech world is all buzzed up on what to expect and what not to. But one thing is sure, according to Forbes, we’ll get to see a new Android handset that aims to steal the thunder off Apple’s iPhone.

Lean, Mean, Mining Machines

By Greg PeelIn the process of open cut mining, as opposed to underground mining, "stripping costs" are incurred.

Crunch Time For Australian Banks

This story was first published with full access for subscribers only on March 7. Due to a technical error, now resolved, a large section of the story was omitted on first publication.

Price Targets Support Further Upside

By Rudi Filapek-Vandyck, Editor FNArenaPrelude: In April 2011, with the Australian share market experiencing yet another January-April rally, I compared index projections for the calendar year from equity strategists with consensus price targets for individual stocks (*).

The Overnight Report: By A Whisker

By Greg PeelThe Dow closed up 2 points, but the S&P lost 0.2% to 1552 and the Nasdaq fell 0.3%.It was touch and go at the death, but the Dow did manage to close in the green for an eighth straight up-day.

Australian Stock Market Report – Afternoon 3-12-13

The Australian sharemarket couldn't make it three consecutive sessions of gains today, with the All Ordinaries Index slipping by 0.61 per cent or 31.4 pts to 5128.6. The mining and energy sectors continue to underperform the broader market. Both industries combined account for around ¼ of the Australian sharemarket.

New Class Action Lawsuit vs Big 4 from NZ Customers

ew Zealand clients of the big 4 Australian banks filed on Monday a class action suit over charges that the lender have collected from them $800 million in excessive default fees.

Why China Needs To Let Go Of The RMB

By Andrew NelsonThe Chinese started the shift from central planning to market-based economic reforms back in 1978 and since that time China's economy has grown 28 times larger.

The Australian Shale Rush Begins

BHP has made strategic shale acquisitions in the US. It's also been absolutely caned on those acquisitions, writing off $2.84 billion from its Fayetteville Shale assets late last year. This cost Marius Kloppers his bonus for 2012, and arguably his job for good.

Kia Won’t Plant Any More Cee’ds in Australia

Kia Australia has ruled out importing any more variants from the European-focused Kia Cee'd range beyond the Pro_Cee'd GT hot-hatch it has recently confirmed for the local market.

China Enjoys Strong Exports in February

Official data showed that China enjoyed strong exports in February, highlighting signs that the economy was deliberately rebounding. Yet, China's imports were weak, missing analysts' expectations.

End of Recession for Japan?

Is this the end of recession? At least, latest data indicated that. According to the revised survey, Japan saw its economy expand in the final quarter of 2012. Certainly, the news is a good sign for Prime Minister Shinzo Abe who is focused on getting Japan out of two long decades of deflationary stagnation.

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