Whitehaven Hoax Plunges Stocks
A hoax press release has caused the Whitehaven Coal stocks to plummet, wiping off more than $314 million worth of stock value. Anti-coal..
Business
ASIC Probes Whitehaven Hoax
The Australian Securities and Investments Commission is looking into the Whitehaven hoax that saw its shares tumbling down by more than..
Drug Companies to Expand Overseas
Although the Australian pharmaceutical industry remains strong, pharmaceutical companies are looking into expanding overseas and to adapt..
Saab Australia Closes Shop
Carmaker Saab has announced that its Australian operations would close shop after its Swedish owners declared bankruptcy last December..
Job Vacancies Post Record Drop
The Australian Bureau of Statistics announced that the number of job vacancies in the country has dropped to its 30-month low last..
$12.6B Spent Online
Australians are spending big money online! The National Australia Bank Retail Sales Index showed that Australians spent as much as $12.6..
Australians Living Within Their Means
It appears that Australians are more conscious of how they spend and are less likely to accumulate debt. This is what industry analysts are..
Trade Me May Enter Australia
Trade Me is looking into the Australian market and plans to compete head-on with eBay Australia. Trade Me is a classified ads and online..
Coca-Cola Shares Down
Shares of Coca-Cola Amatil declined because of competitive discounting and soft consumer spending. Terry Davis, chief executive of CCA,..
Facebook Uses “Double Irish” Style
Reports showed that Facebook, the world’s largest social networking site, has used the “Double Irish” approach to pay little tax in..
