BUSINESS

Australia Introduces Shipping Reforms

Australia is pushing for a comprehensive reform package to the Australian shipping industry to allow it to be more internationally competitive, according to Infrastructure Minister Anthony Albanese.

Nexteer Gains $63M Funding

Nexteer Australia has received government funding of $63 million to help develop and manufacture its innovative lightweight technology and create more than 250 jobs in Australia.

Solar Firm Put On Receivership

Ferrier Hodgson, an accounting firm specializing in insolvency, has been appointed as receiver of Solar Shop Australia Pty Ltd., Australia's largest provider of solar PV systems, a move that has shaken and disappointed the solar industry.

ACCC Appeal Court Ruling on Franklins Sale To Metcash

The Australian Competition and Consumer Commission (ACCC) appealed the Federal Court’sruling dismissing its application to prevent Metcash from acquiring the Franklins supermarket business, saying that the acquisition will erode competition .
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Australian Stock Market Report - CLOSING - 09/09/2011

AFTERNOON REPORT (4.30pm AEST)The local share market has finished the trading week on a positive note, with the All Ordinaries Index (XAO) adding 7.6pts or 0.2pct to 4277.4 and the S&P/ASX 200 Index (XJO) firmer by 6.7pts or 0.2pct to 4194.7.

The 10 Most Influential Australians in IT

Recently, SmartCompany released its list of the 10 most influential people in Australian IT. The annual list judged the people in Australia's tech industry based on their involvement in the industry and their capacity to influence the sector beyond their own companies or organizations.Here are the 10 most influential IT people, according to SmartCompany.

Rio Tinto Gets New Water Deal in Pilbara for $292 M

Australian mining giant Rio Tinto got a new water deal in Pilbara. The company, which announced the deal Friday, secured the agreement in exchange for surrendering its entitlement from the Millstone aquifer.

High Net Worth Individuals Multiplying In Asia

- CLSA report suggests strong growth in Asian HNWIs- China a major driver, Indonesia tipped for highest rate of growth- Industries creating positive economic value to benefitBy Chris ShawWith the Asian region growing strongly so too is the number of high net worth individuals according to a report b...

Fired Yahoo CEO Wants to Keep Board Seat

The fight is not yet over for recently fired Yahoo Chief Executive Officer Carol Bartz. Ms Bartz said she wants to keep her board seat on the tech firm, but a Yahoo statement said she could not keep the seat.

Australian Stock Market - Morning Report 09/09/2011

The US trade deficit narrowed from $53.1 billion to $44.8 billion in July. The 13.1pct decline was the biggest monthly drop since early 2009. US exports rose 3.6pct while imports eased by 0.2pct in July.

Daily Dollar Forecast 09/09/2011

The Australian Dollar fell against all of its 16 major counter-parties after a government report released yesterday showed the Official Unemployment Rate unexpectedly rose to 5.3 percent

Global Markets Overview 09/09/2011

U.S. stocks declined Thursday, eroding some of the prior session's advance, as Federal Reserve Chairman Ben Bernanke's remarks failed to calm investor jitters over the state of the economy.

Sun Powers US Military Housing

The US Renewables Group (USRG) will provide $344 million financing for the solar project led by Solar City for that will double the current number of residential rooftop solar system in the US.

Rate Cuts Loom Amidst Soft Employment Data

The Reserve Bank of Australia could cut its key interest rate after the unexpected soft employment data release today, according to economists.

Demand for Android-based Apps On the Rise

Developers try to keep up with the demand for smartphones and apps based on Google Android operating system, by hiring new programmers and releasing updated versions of the software.

Is Samsung Dumping Android to Tie Knot With Windows?

But according to a report, Samsung Electronics may unveil a tablet powered by Microsoft Corp.'s Windows 8, marking the South Korean company's first collaboration with the software giant.

Droid Bionic vs. the iPhone 5: A Change of Heart

I was never the lazy student that gave "the dog ate my assignment" alibis. I wrote an article stating 1,000 reasons why Motorola's Droid Bionic would beat the iPhone 4. But that was in January, when Motorola touted a new device with amazing specs at a time when Nokia Oyj was still busy experimenting with the Meego, Samsung had yet to become a major player in mobile devices, and Apple's fifth generation iPhone was still months away.

Australia Stock Market Report - Closing - 09/08/2011

The local share market closed marginally higher today, although off earlier gains due to a disappointing jobs report. The All Ordinaries Index (XAO) gained 6.9pts or 0.2pct to close at 4269.8 after reaching a high of 4297.9 in early trade.

Woolworths Recalls Brownie Mix

Supermarket giant Woolworths is recalling packets of Macro Gluten Free Choc Brownie Mix 400g from Woolworths and Safeway supermarkets, and Thomas Dux stores across Australia due to the possible presence of milk - an undeclared allergen.

Japan’s New PM Noda Visits Fukushima Plant

With still no reprise from a harm's way, Japan's newly elected Prime Minister Yoshihiko Noda set foot on the devastated Fukushima Daiichi nuclear power plant to personally see the extent of the damage and massive efforts in decontaminating the areas plagued with high radiation.

Sweden's Saab Files For Voluntary Restructuring

Swedish Automobile N.V. (Swan) has announced that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) filed for voluntary reorganization with the District Court in Vänersborg, Sweden.

Queensland Seeking Investors for $2.6B Infra Projects

Queensland is seeking private sector support to invest in two major projects that would further boost the coal industry, according to Premier and Minister for Reconstruction Anna Bligh.

Gina Rinehart, Australia's Richest Faces Legal Battle Vs Daughter

She may own the biggest purse in Australia but mining billionaire seemed unable to quell the restiveness within the family as Gina Rinehart found out on Thursday that her daughter, Hope Rinehart Welker had filed a lawsuit against her.

Samsung and Microsoft Partner for New Tablet

Samsung Electronics and Microsoft have teamed up to manufacture a new tablet computer with Microsoft's latest operating system, according to a report from the Korea Economic Daily.

Beijing Vows Stiff Penalties for Bohai Bay Oil Spills

Amidst the public apology issued on Wednesday by U.S. energy giant ConocoPhillips, over oil spills in Bohai Bay, Beijing has ordered a thorough investigation of the affected area to know the exact damage to the environment, reports said.

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