Rinehart Offloaded $50M Fairfax Shares
Mining magnate Gina Rinehart has reportedly reduced her Fairfax stake, offloading about $50 million worth of the company’s shares...
Business
Investors from Asia Still Prefer Australian Market
Many Asian investors are apparently still keen on putting their money in the Australian market, according to a report by DTZ Investment..
Australian Dollar Advances to A New High
As banks in the Eurozone, as well as China and Britain have been controlling their monetary policy to manage through a fluctuating global..
Pressure on Qantas as Emirates Increases Flights
The pressure is on Qantas after competing airlines Emirates announced it is increasing flights to Australia. This means Qantas would have..
Slight Improvements seen for Manufacturing Sector
It looks like the manufacturing industry is slowly easing on its activities, based on a private survey conducted recently. The performance..
Qantas Decline Continues As Virgin Australia Impacts Operations
The battle between two airline companies, Virgin Australia and Qantas, has taken a toll on the latter’s international and domestic..
Barclays Chief Resigns
Bob Diamond, the chief executive of Barclays PLC, has resigned after allegations of rigging key interest rates. A few hours later, Barclays..
Perpetual’s Echo Stake Increased by Regulators
Perpetual Investment Management has been granted an increase its in voting power over Echo Entertainment Group, allowing the investment..
David Jones Approached By Mysterious UK Bidder
A mysterious bidder is reported to be interested in the takeover of David Jones. Believed to be from the UK, the mysterious bidder is also..
Airlines Face Calls to Cut Surcharges
The public is clamoring for lower fuel surcharges but it appears that airline companies are slow to react. The sentiment is brought about..
