BUSINESS

Mining giant Rio Tinto slashed its workforce by as many as 4,000 workers globally in 2016. The Australian operations were the most affected as part of the move.

Qantas and American Express has agreed to upgrade the credit card's rewards system that would boost the points earned by the cardholders.

The Organisation for Economic Cooperation Development (OECD) has warned that expanding household debt could bring about a recession. The findings come in the organisation’s first review of the Australian economy since August 2014.

Tesla founder Elon Musk has replied to the 10-year-old schoolgirl's letter through a tweet sent by her father.

Mining giant BHP Billiton has called for an “urgent” need to address a change in the power supply. As part of this, the company said large power generators should be “incentivised” to provide adequate baseload electricity in a short term.

Iron ore spot markets bounced back on Thursday. However, it is expected that the upward trend may start falling on Friday, as Dalian futures suffered a heavy slide overnight.

The Commonwealth Bank (CBA) has agreed to reimburse the superannuation after the Finance Sector Union (FSU) brought up that the bank should repay the entitlement to part-time workers.

TK Maxx has confirmed its arrival to the Australian market in April 2017 by converting all 35 existing Trade Secret stores into TK Maxx shops.

Victorian Legal Aid executive director Dan Nicholson has warned clients affected by a faulty debt-recovery system that their confidential information will be disclosed when they speak publicly.

Australia has been able to narrowly avert a recession, the national accounts data revealed. The statistics, revealed on Wednesday, show that the Australian economy climbed by 1.1 percent in the last quarter.

Australia’s mining and metals sector enjoyed an impressive 2016 with the total number of deals increasing. According to a report from global accounting and consulting firm EY, an escalation of 31 percent was witnessed in the Australian mining M&A deal volume.

Apple stock jumped by more than 2 percent during trading hours on Wednesday. With this, and following price target increases and Warren Buffet’s investment, the tech giant reached a high of US$139.99 (AU$182.6).

Iron ore futures returned to a steady trend as markets did next to nothing. This comes amid reports that Chinese regulators were looking to probe into speculative or "non-conforming" trading activity in the nation’s commodity futures market.

Westpac was facing allegations for breaching responsible lending practices.

Optus Business and Pure Storage announced the launching of All-Flash storage platform on Tuesday.

Commonwealth Bank of Australia (CBA) and Airtasker has teamed up to increase users' reputation as users handle their business.

Mining company Rio Tinto announced it will employ as many as 300 indigenous people on its Amrun bauxite project in Far North Queensland. During the course of the project, the company hopes to achieve the indigenous employment target of 20 percent.

Etsy has posted a loss of US$21.4 million (AU$27.9 million) in its fourth quarter. The crafts supplier said it sustained a loss of 19 US cents on a per-share basis. Earnings, when adjusted for non-recurring costs, stood at 3 US cents per share.

Apple received two price-target increases on Tuesday. This comes as the release of the much awaited iPhone 8 draws near.

NBN announced on Tuesday that its Fibre-to-the-Curb (FTTC) technology would roll out to 700,000 homes in the suburbs of Melbourne and Sydney.

Iron ore spot markets witnessed a downslide on Tuesday, according to reports. This comes at the heels of an investigation of speculative trading activity in China’s commodity futures market.

Apple could sell more of its highly anticipated iPhone 8s, according to estimates from Mizuho. The tech giant could end up selling more than 10 million more sets than previously forecast.

Australian shares witnessed an increase on Tuesday, helped largely by buying in financial stocks. The S&P/ASX 200 index increased 0.5 percent (or 26.5 points) to reach 5750.5 points. Meanwhile, the benchmark on Monday had seen a downslide of 0.3 percent.

CEO Andrew Thorburn announced on Tuesday that former NSW premier Mike Baird would join NAB to perform as the Chief Customer Officer of the Corporate and Institutional Banking.

If latest reports are to be believed, Tesla Model 3 will be further delayed. Goldman Sachs analyst David Tamberrino downgraded Tesla to “sell” from “neutral,” this led to panic as shares dropped on Monday after the downgrade.

Telstra and Ericsson have teamed up for Australia's LTE-Broadcast (LTE-B) to further enhance the mobile video customer experience.

Iron Ore Company of Canada (IOC), majority-owned by Rio Tinto, will be working on the Wabush 3 project. The company announced its plans after securing a C$79 million (AU$78.04 million) investment approval.

Marriott International has planned to open a 128-room hotel in Hobart in 2018.

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.