AirAsia floats AU$1.42 billion funding program to shore up finances, to buy more aircraft
The funding move comes after AirAsia’s major shareholders wanted to try "all strategic options” to overcome the financial downturn.
Australia’s former mining magnate Nathan Tinkler ready to re-enter battered coal sector; Acquires big stake in Dartbrook venture
Tinkler sees the combination of cheaper oil prices, weaker Australian dollar and lower construction costs as ideal conditions for coal mining to thrive.
Canada refugee’s business: Drowned Syrian boy Alan Kurdi’s family starts hair salon
The salon at Port Coquitlam, BC has been aptly named as Kurdi Hair Design.
Iron ore: Goldman Sachs slashes per tonne price forecast to less than AU$55 for next 3 years
The forecast said iron ore sector will have to hibernate for an extended period before demand is revived.
US may lift 40-year old ban on crude oil exports: Democrats ready for trade off with Republicans
The termination of the ban on crude exports will be traded for extensions in wind and solar tax credits with enhanced funding for parks from oil revenues.
Corporate climate responsibility: Sony, P&G and Kellogg’s commit on concrete carbon reduction goals
More than 100 companies committed to set up emission reduction targets in the next two years to restrict the rise of global temperature beyond 2 degrees Celsius.
US luxury store Nordstrom joins funding of Australian online fashion retailer Shoes of Prey
The US luxury department store is part of a syndicate of investors with a penchant for aligning business with e-tailing websites.
Australia shares up, propelled by healthy US jobs data
The stocks-surge graced all the big four banks with Commonwealth Bank of Australia leading the pack with a 1.6 percent rise.
Santos Capital raising: Shortfall to be managed by raising $585 million extra from retail entitlements
The retail component is part of Santos plan to raise $3.5 billion to strengthen balance sheet and wind down the debts.
Australia’s business investment plunges to 4 year low: Deutsche Bank calls lack of non-mining investment as the ‘missing link’
In the September quarter, business investment plunged 9.2 percent to $31.4 billion, which was the lowest since 2011.
Rolls-Royce chief cautions UK’s Cameron govt against cut on R&D grants; Osborne cuts expenditure, plans more spending for housing sector
The Rolls-Royce CEO’s concern is cutting the grants for business R&D will adversely impact Britain's engineering exports.
McDonald's ordered to pay huge amount for job related discrimination, to undergo 20 months of monitoring
McDonald’s insistence on a new Green card as the basis for employment led to job loss for many permanent residents.
Australian trade minister Andrew Robb heads to Indonesia with a huge delegation to attend Indonesia-Australia Business Week
The event, Indonesia-Australia Business Week, seeks to strengthen partnerships between Australia and Indonesia in many sectors.
US companies dodge $2b worth of taxes in Australia every year
Even a small portion of this unpaid tax in billions could restore thousands of chopped jobs in Australia.
China to hard sell Asia Pacific free trade plan at APEC Summit in Manila, downplays South China Sea issue
At the Manila summit, China will report the findings of a study on the free-trade area. President Xi Jinping is expected to be in attendance.
South Australia sees opportunity in driverless cars to revive its auto manufacturing base: Urges companies to set up shop
The state’s premier urged new generation automakers to invest in the state.
Australian CFOs concerned about China's effect on economy; high expectations for Turnbull government
For the first time in two years, the quarterly CFO survey ranked federal government's policy as a positive influence.
Australia on the cusp of another construction boom: CSR's profits spurt as housing demand soars
Huge infrastructure activity awaits the construction sector in the next fiscal year.
Fortescue offers BC Iron lucrative rail tariff deal - tariff linked with changing iron ore price
The flexi pricing is expected to help BC Iron in lowering its break-even costs.
Australia's startup future is positive but access to capital is a constraint, says Nitro founder Sam Chandler
Chandler said Australia needs a policy push to address the issue of lagging access to capital for startups.
National Australia Bank hikes interest rates on variable home loans: Regulatory pressures blamed for the step
Commercial banks are facing intense regulation on investor mortgages and capital adequacy.
Britain to slash tourist visa price for Chinese visitors from 2016 to support luxury sector with high spenders
The new norms will increase the number of wealthy Chinese visitors to the UK who are looking to spend money on leisure and shopping.
Aussies love to visit Greece, as Cambodia, Fiji woo more tourists
Greece showed an increase of 162 per cent in terms of year-over-year bookings from Australian tourists.
Woolworths junks frequent flyer rewards program with Qantas, offers dollar discount on grocery shopping
The revised scheme is part of the supermarket's customer first strategy.
Google’s revenue surges 13% in 3Q driven by mobile searches
The strong Q3 earnings exceeded the projections made by analysts.
Australia’s housing boom is over, says Domain report, as Sydney posts sluggish quarterly growth rate
The fading boom can be good news for home buyers as prices become more 'realistic'.
Australia’s mining boom not yet over, uranium to revive the golden days, says report
The expansion of nuclear power is creating the opportunity for Australia to become the world's top uranium supplier, says a new Minerals Council report.
Pepsi official blasts ad agencies for poor innovation, causing disconnect with consumers
The plight of agencies losing retainers has more to do with their own stagnation.
McDonald’s to make a call on creating real estate trust with its US holdings
Slumping sales have prompted many investors to urge for the spin off into a real-estate investment trust.
ATM mega deal: American ATM maker Diebold offers to buy German ATM player Wincor
The deal would create a new market leader in Diebold and displace the existing leader by snatching 35 percent market share.
