BUSINESS

NAB Chief Clyne Receives Whopper Pay Package

Cameron Clyne, chief executive of Australian banking major NAB who controversially passed on just 20 basis points of the 25 basis point cut enacted by the Australian central bank, despite the fact that the lender posted a 19.2 per cent increase in full year net profits on $5.5 billion is in line for a large pay hike.

Bye Bye Bunga Bunga

A new Italian government headed by Mario Monti, a respected economist and former European Commissioner, has replaced the government of Silvio Berlusconi, who had dominated Italian politics for 17 years.
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Another False Dawn For Uranium

By Greg PeelIt looked for all the world like long awaited buying interest from utilities ? the real end-users of uranium ? had appeared the week before last and might be set to gain momentum.

Top Devices on Kids' Wish-Lists

Christmas is fast approaching and Kids as well as Kids at heart is making their list on what to expect during the Holidays.

MMG Opens $22-Million Copper Open Pit Mine at Golden Grove

MMG opened on Monday its new copper open pit mine at its Golden Grove operations. The $22-million project is expected to produce 235,000 tonnes of copper concentrate containing 59,600 tonnes of copper metal in concentrate at 25 per cent copper from 2012 to 2014.

Four-Star Hotel to Rise Near Sydney Airport

Rydges Hotels and the Denwol group will build a $68-million four-star hotel just outside the International Terminal of Sydney Airport. Construction is expected to begin soon and is scheduled to be substantially complete by late 2012.

Optus Offers Tablets as Christmas Gift Ideas

Tech gadgets would likely be on top of the Christmas shopping list of Australians as tech companies take advantage of the changing consumer preference for Yuletide gifts.

Markets: Another Nail Biter Ahead

Last week was the worst for global markets for the last month or more as Europe's woes again threatened to overwhelm confidence.

Michael Jackson's Antique Art Collection, Rented Mansion Up for Auction

They want the auction to be as peaceful and as successful as possible. Hollywood's Julien's Catalogue.com would not want to brandish the name of the former owner of the antique pieces of furniture and other art works from a mansion in Holmby Hills Estate.

21-Day Qantas Conciliation Process Ends Midnight, TWU Threatens Strike

As the 21-day conciliation process for Qantas and the unions ends on Monday midnight, another strike looms for the troubled Australian air carrier. The Transport Workers Union (TWU) threatened to pursue another round of industrial action unless the company improves its offer.

Spain's New Government No Ointment For This Crisis

By Kathleen Brooks, Research Director UK EMEA, FOREX.comAt the time of writing Spain has gone to the polls and everyone is expecting the conservative Popular Party led by Mariano Rajoy to win.

Gartman Prepares For More Pain

By Rudi Filapek-VandyckAs reported by FNArena last week, US based trading guru Dennis Gartman had joined the ranks of many a market strategist believing that, despite ongoing uncertainty hanging over Europe, US and global equities were likely to grind higher into year-end, but his cautious optimism ...

Microsoft’s Surface Tablet Computers Now Available for Pre-Orders

Remember that coffee-table-sized tablet computer that Microsoft debuted in 2007 at the Consumer Electronic Show? Now those table sized computers are finally available for pre-orders from Samsung resellers in 23 countries, including the United States and Australia.

Galaxy Tab 8.9: Smaller is Better

Samsung's Galaxy Tab 8.9 at only 8.9 inches is smaller than Samsung's more popular Galaxy Tab 10.1 but this sleek, well-designed tablet proves that size doesn't matter.

Top Five Services for Moving Music to Cloud

Cloud computing is said to be the newest trend in information technology that most companies such as Apple, Amazon and Google had been incorporating into their services.

Samsung World's No. 1 Smartphone Vendor: Gartner

Samsung is now the No. 1 smartphone manufacturer worldwide, based on research by Gartner. The report also said the growth of mobile devices worldwide totaled 440.5 million units sold during the third quarter.

2012 Mercedes-Benz SL-Class to lose 140kg

Details of the 2012 Mercedes-Benz SL-Cass have been revealed in Germany, including some interesting images of the new aluminium body and chassis.

BHP Billiton Greens Light Multi-Million Projects in Pilbara

Fresh from its record earnings for the first half of 2011, global mining firm BHP Billiton stepped on the gas for the realisation its expansion projects in the Pilbara region of Western Australia, signalling the construction start of a power plant and an additional iron ore mining site.

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