Fairfax Hits Record Low
Fairfax Media has suffered a record low, following last Friday’s trading. Its shares dropped 12 percent and traded at 44.5 cents at one..
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ASIC Warns Against Hybrid Offers
The Australian Securities and Investment Commission has issued a warning on ‘dangerous’ hybrid offers. The warning follows after..
Investors Warned on Taxes in Coal Mining Industry
It’s unworthy to invest in any venture with the coal industry at this point. That is according to BHP Billiton head Marius Kloppers,..
IAG feels Impact of UK Business
Although the Insurance Australia Group’s (IAG) profit has dropped 17 percent from last year till June 30 of this year, IAG is predicting..
Qantas Cancels Boeing Orders
Following the announcement that Qantas has posted its first loss, the airline company has cancelled orders for new Boeing planes. The..
NewsCorp Loses Digital Head
Jonathan Miller has resigned from NewsCorp, following the organization’s split. Miller is the digital operations head of NewsCorp...
Australian Banks Post High Profits
On Friday, Reserve Bank of Australia governor Glenn Stevens said the high profits of Australian Banks are not excessive. Stevens stood..
Woolworths Fails to Meet Projected Growth
Retail company Woolworth has just posted its net profit and disappointingly missed its projected growth and expected earnings for the year...
BHP Axes Olympic Dam Expansion
It looks like the boom days of BHP Billiton are over. The company has announced that it is axing the expansion plans for the Olympic Dam..
Unions Slam Australia Post
The Communication Workers Union (CWU) has criticized Australia Post for its ties to Walmart. The US retail giant has always figured in..
