BUSINESS

Apple

Apple stock closes at new high amid iPhone 8 speculations

Apple Inc.’s shares enjoyed a 52-week high, as the stock upped by about 1.3 percent last Thursday to close the week at US$136.66. For the year to date, Apple stock has increased by about 18 percent. With this achievement, it maintains its position as the Dow Jones Industrial Average's best performing stock this year.
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Commonwealth Bank of Australia

CBA responds to part-time workers superannuation issues

Commonwealth Bank of Australia (CBA) promised to rectify superannuation concerns after the Finance Sector Union of Australia (FSU) claimed that more than 7,000 part-time staff did not receive their full superannuation entitlements. 
Reuters/Simon Newman

Ecofund climate change company killed off by Newman government

According to newly revealed documents, environmental health is not important to the governing body as it cut programs and sold Ecofund for less than what it costs. Ecofund was a state-owned carbon and environmental offsetting and advisory company.
Iron ore

Iron ore prices on the rise, demand expected to remain strong

Iron ore prices have witnessed a deviation from market expectations as the demand and prices of Chinese steel see new highs. Following three days of losses, iron ore spot markets returned to stable conditions on Friday.
Reserve Bank of Australia

Reserve Bank of Australia: New $10 banknote design

The Reserve Bank of Australia released the newly designed $10 banknote on Friday featuring the famous Australian writers Andrew Barton "Banjo" Paterson and Dame Mary Gilmore.
Money

Recession 2017: America in its 'bunny phase,' recession unlikely

The United States is currently in its “bunny phase,” a recognised economist has said. The reference came during the Fargo Moorhead West Fargo Chamber of Commerce’s annual Economic Outlook Forum. The event was attended by 600 people.

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