ASIC initiates settlement for Storm crisis

Opting for the best resolution, the Australian Securities and Investments Commission is conducting private discussions with parties involved in the financial meltdown of Storm Financial.

MONEY

Petrol price escalate, no relief available - for now

Petrol prices rises today to a 16-month high and analysts said that users of petrol should expect very little relief for the time being.

MONEY

Toll fee rise to force people out of work

The planned hike in toll fees by $1 or 30% to $3.85 for private cars and small trucks starting July 1 could forced a number of people out of work, said Queensland Council of Social Services (QCSS).

PROPERTY

500,000 new houses needed to avert housing crisis

The Federal Government must build at least 500,000 new houses by 2020 to avert a crippling housing shortage which could send house prices to unaffordable level.

WORLD BUSINESS

Stern Hu to be charged in Chinese court

Authorities have announced that Stern Hu, Rio Tinto's chief negotiator, will stand trial on charges of taking bribes and infringing commercial secrets beginning Monday.

COMPANIES

Google tries ads in maps

Google has already begun setting up advertisements on most visited Australian maps pages. This goes to show that the search engine master is now looking at earning profit from high traffic maps pages.

IBT Features

Apple COO gets US$22m bonus for 'outstanding performance'

Reuters.com Photo

Telstra sees "significant gap" between parties in NBN talks

Testra says there is a gap between it and NBN company on proposed financial outcome of the proposed national broadband network (NBN). Also Testra is discussing the ways that the gap could be bridge. The talks are continuing. Full Story

Market Analyst

IG Markets Morning Prices & thoughts
Ben Potter