An Australian teenager's money laundering scam has reached $200,000 because of alleged failure by banks to stop the credit card scheme despite efforts by the teen's mother.
Florida-based asset management firm Stonehenge Capital Management (SCM) announced Monday that its new direction-neutral hedge fund strategy called Forward Curve Realignment (FCR) resulted in strong returns one month after its launching.
Qantas's prolonged labor problem is affecting not only the air carrier's bottom line, but also the financial viability of Australia's tourism industry.
- Oil market continues to tighten- Global inventories down and supply issues remain- Tight market should support prices- Barclays forecasting average of US$115 per barrel in 2012By Chris ShawA main theme for Barclays Capital in recent months has been a widening divergence between macro-based and phy...
European leaders are nearing agreement on a plan that would see the region's banks raise around EUR100 billion in fresh capital, said three people familiar with marathon talks taking place Sunday.
- Solid production report from Western Areas- Exploration, low costs an high grade assets make the stock attractive- Positive view offset by weaker nickel price outlook- Brokers remain divided in ratingsBy Chris ShawSeptember quarter production for nickel play Western Areas ((WSA)) was largely as th...
Apple Inc. and Samsung Electronics appear, involved in a contentious battle in the courtroom and in the mobile devices market, will be engaged in another showdown: mini tablets.
Leaked pictures have surfaced on the internet of a prototype Nokia Windows Phone called the Nokia Sabre which is set to launch next week.
In two separate interviews Google Android chief Andy Rubin and Microsoft Windows Phone President Andy Lees both had negative things to say about Apple's digital assistant Siri.
The name of Research in Motion's (RIM) upcoming operating system, BBX, is taken and a New Mexico company using BBx prefix to its products has sent a notice to the BlackBerry maker not to use it to avoid confusing the public.
China's Citic Group and its subsidiary Citic Resources Holdings have agreed to accept the $5 billion takeover offer of Peabody Energy and ArcelorMittal for Macarthur Coal Ltd.
Research has found potential borrowers are saving rather than taking on debt this year, and Australian banks have responded by loosening their lending criteria.
Virgin Australia added another strategic partner on its ongoing quest to put up a global alliance that would allow the company active participation on key aviation markets around the world.
BHP Billiton remains upbeat on its outlook despite recent indications of retreating demands for its commodity offerings, specifically the global miner’s iron ore shipments to its number one customer – China.
A Qantas plane carrying all of the Northern Territory's Central Australian politicians Friday morning had to turn back as part of safety precautions. After experiencing a technical problem, Qantas flight number 1935 with 115 passengers on board, turned around for an emergency landing in Darwin.
The Western Australian government has approved on Thursday the 570-km railway corridor infrastructure project that would enable Mid-West iron-ore projects gain access to the $5.9 billion proposed deepwater port at Oakajee.
Amid global calls for review of excessive executive compensation while the rest of the company employees continue to tighten their belts due to wage hike freezes, an Australian retailer reduced the pay of its top boss.
One option that businesses, particularly small enterprises that could not afford to experiment by moving everything to a cloud computing service provider and then shift to another solution is to give the service first a trial.
AMP Capital Investors' Chief Economist, Dr Shane Oliver gives us his assessment of China's health after the release of economic data for September and the September quarter over the past week.
Something is stirring in US-China relations, and it's not nice, and it could damage the global economy.
The death of Libyan strongman Muammar Qaddafi on Thursday gave little bearing to oil markets.Oil prices dipped at around noon London time on news of Qaddafi's capture and injuries, before advancing later.
Unless the eurozone gets its act together and contain at the soonest time possible its growing fiscal crisis, prices of commodities such as copper and iron ore will see little stability in the coming weeks or even months.
Qantas tickets have become more expensive because of the ongoing labor problem with unions. Travelers from Melbourne to Sydney now have to pay $150 more for a one-way ticket, News.com.au reports.
By Peter SwitzerThree of my favourite market experts are tentatively positive on shares, but they all admit that there is a capacity for officialdom to really stuff up our investments.
Bayfield Ventures Corp. on Thursday announced drilling additional significant gold and silver intercepts on its 100% owned Burns Block property in the Rainy River District of north-western Ontario.
The "safe haven" commodity gold dropped two percent Thursday as apprehensions continue to hound investors wary over the Eurozone's ability to contain its debt crisis.
Leighton Asia in joint venture with Gammon has secured a A$1.2 billion contract from the MTR Corporation to construct the West Kowloon Terminus Station North, part of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL).
Fixed interest rates have continued their downward slide in October, with 36 lenders moving rates downward this month, according to new research from Australia's financial comparison site RateCity.
As mortgage lenders continue slashing fixed home loan rates, Australia's financial comparison site RateCity warns availing even discounted rates can actually cost more for households in the long run.
A Virgin Australia pilot inspecting a parked plane at the Brisbane airport was blown over a staircase by the engine blast from another plane positioning for takeoff on Thursday.
