Australians losing over $4 billion in unpaid interest
Australians are missing out on more than $4 billion in unpaid interest annually by placing their money in low-interest bearing accounts, according to new data released today.
Asian stocks soar amidst new Tokyo quake-tsunami warnings
Despite Japan’s latest earthquake in the northeastern coast which is an aftershock of the tremor on March 11, Asian stakes managed to rise in the market.
Swan reports legitimate concern on RBA governor's $1m stipend
After becoming the nation’s first $1 million public servant, Reserve Bank governor Glenn Stevens is now drawing lawful apprehensions from the public on why he is being paid so much more.
Toyota cuts Toyota Prius price amid global demand
Toyota Australia has lowered the price of its Prius petrol-electric range as hybrid technology begins to enter the mainstream.
NBN Co names first service providers for mainland trials
NBN Co says it is on track for the September commencement of commercial super-fast broadband services with the signing of the first retail service providers to connect to the new network for trials on mainland Australia.
JMA raised tsunami warning after earthquake strikes Japan
A 7.4 magnitude earthquake striked the sea near Miyagi Region in northeastern Japan at 23:32 p.m. (1432 GMT) local Time Thursday.
Thousands of Japanese children to miss start of school year
Thousands of children in Japan will miss out on the start of a new school year as schools and other public buildings continue to house almost 160,000 evacuees who have nowhere else to go, according to the leading independent organization for children.
ASX and SGX terminates merger deal
ASX Ltd (ASX) and Singapore Exchange (SGX) have agreed to mutually terminate the merger implementation agreement entered into on 25 October 2010.
Rio okays feasibility study
Anglo-Australian Rio Tinto (ASX: RIO) says it has given the go ahead to spending US$238 million to advance a feasibility study for extending the life of Kennecott Utah Copper’s Bingham Canyon Mine in Salt Lake City, and for the purchase of related long-lead time equipment.
Queensland Coastal Plan eroding investor confidence, says Property Council
The Property Council of Australia (PCA) has expressed great concern following today’s release of the new Queensland Coastal Plan by Minister for Environment and Resource Management Kate Jones.
Westpac signs cooperation agreement with China Eximbank
Westpac Banking Corporation (ASX: WBC) and The Export-Import Bank of China (China Eximbank) have signed an agreement to promote close cooperation.
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Coalition shirks Roxon's plain cigarette packaging directive, health bodies show support
Health Minister Nicola Roxon revealed today Coalition rejected to endorse plain cigarette packaging.
Japanese engineers now pumping gas into wrecked nuclear plant
Engineers and workers at the damage wrecked Fukushima Dai-Ichi nuclear plant are pumping nitrogen into a reactor to prevent possible explosion, which could be the worst nuclear disaster in 25 years.
Australia's jobless rate falls back to 4.9 per cent
Australia’s unemployment rate decreased 0.1 percentage points to 4.9 per cent in March, as employers added more staff than analysts had expected.
Goldman Sachs to buy out Australian partners
Goldman Sachs is plotting to take full control over third-ranked investment-banking market in Asia by buying out its Australian partners.
Australia’s construction see major slump in March
Steeper falls in activity, new orders and employment saw the national construction industry suffer a bigger fall in March.
Rio Tinto takes control of nearly half of Riversdale
Global miner Rio Tinto Group (ASX: RIO) says its wholly-owned subsidiary Rio Tinto Jersey Holdings 2010 Ltd (RTJ) has obtained an interest in 49.49 per cent of all the shares of Riversdale Mining Ltd as of a short time ago
$12B Aussie govt programs failed to reduce carbon emissions, says report
A study of 14 years of Australian programs to tackle climate change shows that only a carbon market can reduce emissions quickly and deeply enough for Australia to meet its 2020 emissions target,’’ according to an Australian public policy think tank.
Home loans slump to lowest this year
Home loans plunged in February as the share of first-home buyers continue to decrease. This is home loan’s second consecutive month drop with New South Wales posting its biggest monthly decline in fourteen years.
ADB, Australia support Philippines' drive for better infrastructure
The Asian Development Bank (ADB) and Australia, with support from Canada, are helping the Philippines clear obstacles to public-private partnerships (PPP), paving the way for increased private investment in infrastructure.
Insurance workers back govt call for simpler policies
Insurance workers support changes to policies that will standardise the flood cover assisting consumers to better understand what they are covered for, according to the Finance Sector Union.
Top 5 things to consider when buying a property
Thinking of buying a commercial property? Here are a few areas every commercial property buyer should investigate:
Telstra offers faster 3G connection on the go
Australian telco giant Telstra (ASX: TLS) says it is launching a new high-speed mobile Wi-Fi hotspot to enable Australians to connect multiple mobile devices to the internet when they’re on the go.
Gillard names and shames insurance companies
Prime Minister Julia Gilliard rebuked the gutless behavior of insurance companies for not attending a meeting with the victims of the Queensland flood victims in Ipswich yesterday.
Flight Centre’s record profit on track
Flight Centre Ltd's estimated gross indicates growth of up to 20 percent, with guidance not materially affected by recent natural disasters.
Channel Seven's top executives deny responsibility on Warburton's termination
In a NSW Supreme Court hearing, Channel Seven's commercial director Bruce McWilliam disclosed CEO David Leckie told him he sent James Warburton on "gardening leave" but did not imply an immediate employment termination.
Aussie investors attracted to high rental yields, long-term guarantees of commercial property
About four-fifths (78 per cent) of prospective buyers consider commercial property a better venture than other investments, including keeping money in the bank or investing in shares, according to a realcommercial.com.au poll.
Leighton wins $148M QLD mine development contract
Leighton Holdings (ASX: LEI) subsidiary Leighton Contractors says it has been awarded a $148 million contract by BHP Billiton Mitsubishi Alliance (BMA) and Bechtel to deliver the Broadmeadow Sustaining Operations Project at the Broadmeadow mine in Queensland.
Aussie retailers happy with RBA decision
Retailers have breathed a sigh of relief with the decision of the Reserve Bank of Australia (RBA) this afternoon to keep the cash rate stable at 4.75 per cent, according to the Australian National Retailers Association (ANRA).