BUSINESS

Fund Managers Still Prefer Defensive Assets

- Russell Investments releases September quarter fund manager survey- Survey shows fund mangers continue to prefer defensive assets- Australian equities seen as undervalued- Interest cuts seen as most likely catalyst for domestic non-mining growthBy Chris ShawIn the September quarter investors have ...
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New Hope Corp. Open for Takeover Bids

Shares of coal miner New Hope Corp. spiked on Monday by as much as 14.6 percent after it announced it had received "a number of preliminary and incomplete proposals from third parties" interested on a prospective takeover of the company.

FBAA Promises More than 'A Piss Up'

The FBAA has announced the line-up for its inaugural conference, with president Peter White promising the event will contain a wealth of practical information, and be more than "a piss up".

Westpac Offers $1,000 Cash Back For New Home Loans

Firing another salvo in the home loans banking war, Westpac today announced it is offering $1,000 credit into a Westpac Choice account on new Premier Advantage Package (PAP) home loans over $250,000 until the end of October.

Heritage Oil Gains Access to Libyan Oil

Despite the ongoing unrest in Libya, Heritage Oil Plc, an independent upstream exploration and production company acquired a majority stake in a oil company that will allow it to tap Libyan oil .

Kmart Dismisses Threat of Online Retailers

Although Australian consumers do not trust store discount sales which drives them to online retailers, Kmart Managing Director Guy Russo insisted on Wednesday that online stores does not pose a threat to the company.

The Trouble with the iPhone 4S

Tthe biggest problem with the iPhone 4S is that it is an iPhone. They are now limited to thinking what they can cram into the iPhone form.

Facebook Tops 800 Million Members

Google+ removing the invitation requirement to become a member of the newest social networking site apparently failed to make a dent on Facebook's membership.

Greeks Show Strong Disapproval of Austerity Measures

The threat of escalating mass actions looms as more Greek workers are joining work stoppages to declare their vehement objection against the 6.6 billion euro austerity plan of Prime Minister George Papandreou.

Gold Speculation? Here Come The Chinese

By Greg PeelAt the close of trade last Friday, the CME Group announced it was raising the margins required for trading in gold, silver and copper futures contracts on Comex.

Australia's Services Sector Stays in Positive Territory in Sept

The services sector stayed in positive territory in September with the latest seasonally adjusted Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®) down a slight 1.8 points to 50.3 indicating activity continued to expand in the month.

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