BUSINESS

AWU Melbourne Property Scandal: PM Julia Gillard Reiterates Stance

Prime Minister Julia Gillard has denied reports she was aware of a Melbourne property that was bought on money allegedly pilfered from union coffers, insisting that her role as lawyer for the Australian Workers Union (AWU) was strictly on setting up its ‘slush fund’.

Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Nickel Mining Like Its 1864

By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationNickel is present in over 3000 different alloys that are used in over 300,000 products for consumer, industrial, military, transport/aerospace, marine and architectural a...
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Daily Forex Forecast 11/22/2012

The Aussie took a tumble on Wednesday as Euro zone finance ministers, the IMF and the European Central Bank failed for a second week in a row to reach an agreement on how to get Greece's debt down to a manageable level.

Online Shopping Tips to Beat Scammers, Spammers

The power of online shopping could be both liberating and problematic if one is not as conspicuous as ever. Scanning through colourful and interactive catalogues of products and services spells fun as the new shopping flare. Nonetheless. shopping or just browsing, one should not let your guard down as there are those on the watch to do some online mischief.

Click Frenzy’s Meltdown, a Win for Most Retailers

Click Frenzy's website may have crashed due to the surge of consumers wanting to get first dibs on discounted products, and may have lost patrons along the way, but the real winners here were the retailers themselves prepared to serve online consumers.

Billabong Director to Investigate Leveraged Buyout Offer

Billabong International Ltd., the Australian surf wear manufacturer, which had expected buyers withdraw offers for takeover the previous month, stated on the 19th of November that one of the directors of the firm was set to investigate a probable Billabong leveraged buyout offer of the company.

Job Loss is a Big Heart Risk

Job loss is a possible trigger for heart attack, putting at risk older people and those with serious medical conditions such as high blood pressure and obesity, a new U.S. study said.

RBA May Impose Rate Cuts in December

A lower cash rate right before the 2012 Christmas season goes into full swing remains a possibility as suggested by the Nov. 6 RBA board meeting minutes, which hinted that ‘further easing’ could be on the way.

Symantec Unmasks Trojan Hiding on Legit Google Docs Function

Anti-virus specialist Symantec has unmasked a new malware that exploits a function of Google Docs to secretly communicate with its command and control (C&C) server, likely infecting even new machines running on Windows 8 and Windows Server 2012.

Uranium, The New Contrarian Play?

By Andrew NelsonOne of the things that uranium market watchers assumed would halt the metal's slide was news a few months back that China had shrugged off its post Fukushima ashes and decided to go ahead at full steam in expanding the nation's nuclear energy program.

EBay Has Been Sued as a Result of its Illegal Agreement with Intuit

E-commerce company eBay Inc. has been summoned on the 16th of November by the state of California and their Department of Justice as well. The case is a result of an illegal agreement of the e-commerce company eBay Inc. with Intuit Inc. that the former would not employ the workers of the latter.

HSBC to Sell $9bn Stake in China’s Ping An

HSBC Holdings Plc has confirmed that it is negotiating the sale of its 15.6 percent stake in China's Ping An Insurance Co., which is worth approximately $9 billion, as it tries to boost its profitability. On the 19th of November, shares of HSBC grew approximately 1.4 percent in Hong Kong after the biggest Europe's bank informed about its plans to sell stakes in the China's second-biggest insurer.

Australia’s ‘Eggs-in-One-Basket’ Banking Sector

The last six weeks of the calendar year are usually a lot like the last two turns in a major downhill ski race. You get a couple of steep, sweeping bends and then the finish line. At this point in the race, you can only screw up. It's too late to make up for lost time.

Virgin Enters Scottish Air as it Grabs New Routes

Virgin Atlantic Airways Ltd will be operating Heathrow routes to two Scottish cities, Edinburgh and Aberdeen after being offer take-off and landing slots at the Heathrow airport. British Airways was made to relinquish these slots after the successful acquisition of BMI by International Consolidated Airlines Group, S.A.

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