BUSINESS

Talks address NBN skill shortfall

The Broadband Industry Training Network, a newly formed group, will convene in Melbourne tomorrow to address the lack of skilled technicians needed to construct the national broadband network.

Australian Dollar Outlook 28/7/2010

The Australian Dollar has opened little changed and is still starts with a "9" as global markets "seem" to be becoming cautiously optimistic about the economy in the latter half of calendar 2010.

Telstra gets fined for $18m

Telstra Corp. has been ordered by court to pay fines to the Commonwealth worth $18.55 million for violating the Trade Practices Act and its conditions for carrier licence by locking out other broadband companies from its telephone dealings.
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World Market Overview

U.S. stocks were mixed Tuesday as a weak consumer-confidence reading offset the latest round of strong corporate earnings. Stocks traded in a narrow range throughout the day.

Daily Forex Commentary 28/7/2010

An increase in the Australian Conference Board leading index from 0.1% to 0.3% during the month of May added some underlying support to the Aussie dollar in Asia yesterday as it held firm above the 90 cent handle etching out gains to enter offshore exchange at 0.9025.

Inflation up in June quarter says survey

The consumer price index (CPI), the key measure of inflation, is believed to have increased in the June quarter by 1 per cent for an annual rate of 3.4 per cent, an AAP survey of 11 economists shows.

Australia’s house shortage to aggravate

Developer Australand Property Group (ASX:ALZ) says housing affordability will become more and more difficult due to higher interest rates although the company remains well placed to meet Australia's housing shortage.

IGA gives a voice to locals with new campaign

Australia's largest independent grocery network, IGA, has launched a new campaign on 25 July giving a voice to its customers from stores across the nation.Focusing on the global trend towards localisation and IGA's advantage of being able to tailor each store specifically to its local area, the camp...

American Express Delivers Solid Second Quarter Results

Second quarter profits at credit card company American Express nearly triples, and came in well ahead of analyst estimates, as spending by card holders vaulted 16 per cent. American Express also benefited from having to put away less than half as much money to cover losses as it did in the previous ...

Coles signs new two year MasterChef deal

In an exciting development after the 2010 final, Coles is pleased to announce it has signed a new two year deal as the exclusive supermarket sponsor of Network Ten's MasterChef Australia.The new partnership will see Coles continue its relationship with the groundbreaking show in 2011 and 2012, inclu...

Kraft Foods to double whole grain content of crackers

Kraft Foods announced plans to significantly increase the whole grain content in its leading Nabisco cracker brands, more than doubling the amount of whole grain currently used across the Nabisco portfolio. Over the next three years, some of America's favorite cracker brands, including Wheat Thins, ...

Food policy must be on election menu - AFGC

Neither major political party has a policy on something that affects every Australian, every day - food and groceries, the Australian Food and Grocery Council (AFGC) said today.Highlighting that Australia's $100 billion food and grocery industry is four times larger than the automotive sector and em...

Australian Stock Market Report - Closing

The Australian share market ran out of steam in late afternoon trade, however it still managed to notch up a third successive win, on the back of a strong lead from Wall Street.

Telstra Foundation commits $3.5m for indigenous youth programs

Telstra (ASX:TLS), through its philanthropic arm, today committed $3.5 million to support five projects driven by Indigenous leaders to improve education, create leadership opportunities and promote cultural pride among young Indigenous Australians, according a statement from the Telstra foundation.

Branson launches first phase of Virgin Money

Sir Richard Branson launched the first phase of Virgin Money's new range of banking products this morning, heralding a new era of competition for the Australian banking industry.

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