Australians are believed to be paying much higher costs for supermarket goods in comparison to other countries. This suggestion circulated as a result of an international survey conducted by 7News.
New home loan borrowers are lapping up at an increasing rate the range of ongoing discount products on offer, according to Australia’s largest independently owned mortgage broker.
Mr McKellar said the strong Australian dollar was underpinning record levels of car affordability.
Electronic Arts Inc. on Tuesday announced an agreement to acquire mobile game developer Firemint Pty Ltd. for an undisclosed amount.
Microsoft Corp. (MSFT)'s Bing will be the default search engine and map application on Research In Motion Ltd. (RIM)'s BlackBerry smartphones, the software maker announced Tuesday.
The Philippines’ leading mall developer, SM Prime Holdings, has announced plans for the construction of its biggest mall ever – it will be built in China.
Virgin is flying high under a new banner. After changing its name to Virgin Australia, the carrier has announced it has acquired new planes with new interior designs that promise a complete new "magical" experience.
The Australian government on Wednesday granted Chi-X the license to operate an alternative securities exchange in Australia, effectively ending the 20-year monopoly of the ASX Group Ltd. Chi-X is owned by Nomura.
The world's largest listed hedge fund Man Group plc announces the successful launch of an AHL open-ended fund in Japan, Nomura Global Trend, which has raised US$1.5 billion. The fund began trading at the end of April 2011.
Ermitage has entered into a contractual agreement with Nexar Capital Group, whereby Nexar will acquire Ermitage Limited from Caledonia Investments plc.
Advanced Capital, the leading European alternative investment specialist, headed up by innovative financier Robert Tomei, and award winning European hedge fund incubator, IMQubator, has announced a €50million joint seed investment into the new mCapital European & Asian Special Situations Fund.
Galena Asset Management Ltd („Galena‟) has restructured the Galena Energy Fund as of January 2011. The Geneva-based Energy Fund was seeded by Trafigura group, the parent company, in April 2009 with 50M$. The group committed another 50M$ early in January 2010.
The Westpac Group (ASX: WBC) today announced a solid result for the half year to 31 March 2011, with cash earnings per share of 105.6 cents increasing 6 per cent compared to the six months to 31 March 2010.
Keeping a firm hand on the tiller by keeping the cash rate stable is the only way retail will realise a recovery in 2011, the Australian National Retailers Association (ANRA) said today.
Two people were killed while 20 others were injured after a tornado smashed Auckland, New Zealand. According to police reports, the twister destroyed the roof of Albany Megacentre shopping mall in North Shore City around three o’clock in the afternoon.
Australian publishing giant Fairfax Media on Tuesday reduced its earnings outlook as it announced it would outsource the sub-editing for its largest mastheads. The announcement was met negatively by investors which saw Fairfax's shares plunge in mid trade.
Sony has admitted and confirmed that some of the credit and debit card data on its PlayStation Network for videogame players were stolen. Therefore, customers must take action in checking their accounts with their banks.
Confidence levels have returned to small to medium-sized enterprises after the destabilising floods in December and January, according to National Australia Bank’s (ASX: NAB) SME Quarterly Survey for the March quarter.
Business lending is on the rise in Australia, according to figures from the banking regulator, but an industry expert said the data for March is yet to be indicative of the prevailing trend
National Australia Bank (ASX NAB) is extending its offer to pay the $700 mortgage early exit fee charged by CBA and Westpac to their customers who want to switch their mortgages to NAB’s lower standard variable home loan rate.
Shares of Sony surged as it returns with some services on its PlayStation Network (PSN). This after the company offered incentives to users whose online personal information is at risk.
New York-based global investment firm Kohlberg Kravis Roberts & Co. (KKR) has taken a 10 percent interest in Masan Consumer Corp., a leading producer and distributor of fast-moving consumer goods (FMCG) in Vietnam.
An addition to Australia’s largest Apple stores is soon to open in the succeeding months in the city of Brisbane. This is a result of yesterday’s announcement of plans concerning the $10.5 million renovation of historic MacArthur Chambers.
Australia's internet service providers are wary that the planned National Broadband Network (NBN) may push up their prices much to the dismay of customers.
Macquarie Group Ltd. (ASX:MQG) is optimistic that with better market conditions, the second half of the year would bode well for its businesses particularly for Macquarie Securities and Macquarie Capital.
A $1.6-billion aluminium smelting plant that will be put up in Malaysia’s Sarawak state by a partnership of two major Chinese and Malaysian groups will have a capacity of 370,000 tonnes a year.
Some 15,000 model structures made from an estimated 30 million Lego bricks, along with over 40 interactive rides, shows and attractions, will be the main features at Legoland Malaysia that is set to open late next year.
Bread giant Goodman Fielder has announced a reduction in its expected profits following a "soft" third quarter, with businesses affected by retailer competition between Coles and Woolworths, fallout from the floods, commodity costs and the high Australian dollar.
Shares in Associated British Foods tumbled in morning trade yesterday after the George Weston and Don/KR Castlemaine parent company cut its full-year profit outlook, despite an improved first-half performance from its sugar and grocery businesses.
Apple Inc has denied reports that the company installed a tracking device on its iPhones to know the locations of users.
