The Australian sharemarket rose to a new post-global financial crisis high amid solid expectations for the upcoming company reporting season despite some shock write-downs over the past week from QBE Insurance Group, Leighton Holdings and Navitas.
Rio Tinto’s foray into coal in Mozambique was a costly exercise. In 2011 the acquisition of these coal assets cost $US1.4 billion. It cost Rio Tinto’s profit about $US3 billion when it needed to be written down last year. And it cost the then chief executive, Tom Albanese and his head of strategy Doug Ritchie, their jobs.
Marketing is a huge part of the sharemarket. Essentially everyone in the finance space is trying to sell you something and the best way to achieve that is to adopt the high ground and it’s not hard.
Tabcorp has locked in a 50-year, low tax wagering licence in its $105.5 million deal to buy ACTTAB, which it can use as a bargaining chip in licence negotiations or to boost profits in future, analysts have said.
Independent board directors have destroyed between $30 billion and $50 billion of shareholder value in the top 200 listed companies on the Australian Securities Exchange over the past decade, according to explosive new research co-written by one of Australia’s leading business economists.
Australia's big banks are fuelling competition in the home loan market by ramping up their use of cheap global financing, raising $125 billion on wholesale funding markets last financial year.
NBN Co has extended Ericsson’s contract to roll out wireless broadband in the bush and awarded it extra work to run ground stations for its satellite program in a deal worth up to $400 million.
Australia’s third-biggest goldminer by market capitalisation, Regis Resources, has warned it may face an impairment of up to $280 million, as its difficult year continues.
The death of Australia’s film industry is near unless the government stamps out online piracy, Village Roadshow warns.
John Tonkin College’s Tindale street campus has been named among 121 Western Australian Schools containing asbestos in a ...
A WOMAN was fined $4000 in Mandurah Magistrates Court on Tuesday after her three dogs attacked multiple sheep ...
Young people in the Peel region should put on their sneakers and get ready for fun as a ...
A MANDURAH man who spotted a potentially life-threatening risk has turned his concern into a revolutionary new invention.
Yoga, fishing and a pirate-themed treasure hunt are some of the free activities on offer in Seascapes next ...