Caltex Refinery to Close in 2014
About 630 jobs will be lost when Caltex closes its Kurnell refinery sometime in the middle of 2014. The company announced this saying it is..
Business
Slipping Inflation Rate May Prompt Cuts
More interest rate cuts may be made by the Reserve Bank following the slip of inflation rates to its lowest point at 1.2 percent. According..
NZ Central Bank OCR Remains at 2.5%
Even if the debt crisis in the eurozone is far away, New Zealand is not excluded from feeling its effects. Spain has two regions this week..
Stocks Slide Due to Worldwide Downtrend
The theme of the day in the Australian stock market is slip and slide as the share market abroad showed considerable losses. Bonds offshore..
NAB Faces Customer Backlash with Loan Rates Increase
The National Bank of Australia (NAB) yesterday announced the company would be implementing a 20 basis point increase on some business..
Retail Funds Lost $75 Billion in 15 Years
A new report from the Industry Super Network said that for the past 15 years, super funds managed by banks and wealth management groups..
Apple Shares Down
Tech giant Apple’s shares went down after the company missed its targets. This is one of the few times that Apple did not meet its..
Virgin Boss Challenges Qantas
Virgin’s chief operating officer Sean Donohue has challenged rival Qantas, saying Birgin can cut costs faster than its competition. If..
Mining Sector Struggles
The mining sector has seen better days. Despite Deloitte’s forecast that the mining boom will end in the next two years, it’s still..
ANZ ‘s Customer Satisfaction Rating Continues To Slide
ANZ used to enjoy high customer approval and satisfaction ratings for seven years. But with its decision to set interest rates separately..
