World News Australia - Finance

News Corp profit beats estimates

Thu, 09 Feb 2012 19:23:36 +1100

News Corp has spent tens of millions on costs associated with the UK phone hacking scandal, but still managed to lift its second quarter profit.

Telstra gains 1m more customers

Thu, 09 Feb 2012 16:57:46 +1100

Telstra's continued its strong customer growth in the first half of 2011/12, adding more than a million customers across mobile and internet.

Rio cautious after write-down hacks profit

Thu, 09 Feb 2012 19:58:03 +1100

Rio Tinto's 2011 profit fell by 59 per cent due to aluminium business unit write-offs, but the miner hiked its dividend substantially.

RBA 'signed death warrant on jobs'

Thu, 09 Feb 2012 13:06:23 +1100

Union boss Paul Howes says the Reserve Bank has put jobs at risk by putting the cash rate on hold and forcing up the Aussie dollar.

Greek talks stall ahead of eurozone visit

Thu, 09 Feb 2012 17:29:55 +1100

Greek coalition leaders have fallen short of striking a deal on austerity cuts ahead of Finance Minister Evangelos Venizelos' trip to Brussels.

Mixed reaction to NZ jobless figures

Thu, 09 Feb 2012 12:17:32 +1100

The government is hailing the latest unemployment figures but Labour says there's still big problems.

Great Australian dream gets even smaller

Thu, 09 Feb 2012 16:35:05 +1100

Great Aussie dream shrinks as unaffordable prices drive homebuyers into homes that are a quarter of the size of the traditional quarter acre block.

Geelong 'faces devastation' if Alcoa goes

Thu, 09 Feb 2012 17:29:42 +1100

Up to 600 jobs in Victoria could be at risk as Alcoa reviews viability of the Point Henry aluminium smelter in Geelong.

Wong to banks: Think carefully on rates

Wed, 08 Feb 2012 18:25:38 +1100

Finance Minister Penny Wong says retail banks must think carefully about their customers when making decisions on their lending rates.

PM says budget will return to surplus

Wed, 08 Feb 2012 16:53:39 +1100

Prime Minister Julia Gillard says the federal budget will return to surplus in 2012/13.

Kodak to stop making cameras

Fri, 10 Feb 2012 03:46:15 +1100

Eastman Kodak says it will stop making cameras, marking the end of an era for the company that brought photography to the masses more than a century ago.

ECB leaves key interest rate at 1%

Thu, 09 Feb 2012 23:53:05 +1100

The European Central Bank has left its benchmark interest rate unchanged at a record low 1.0 per cent.

James Hardie goes into trading halt

Thu, 09 Feb 2012 18:19:01 +1100

James Hardie has gone into a trading halt ahead of an application by the taxation office in the High Court.

US weakness takes $614m off Sims Metal

Thu, 09 Feb 2012 16:26:49 +1100

Shares in scrap metal recycler Sims Metal Management slump as weak North American market forces a $614 million write down in value.

China inflation rises to 4.5% in January

Thu, 09 Feb 2012 14:20:56 +1100

China's inflation has rebounded in January, defying forecasts by analysts.

Tabcorp lifts underlying profit

Thu, 09 Feb 2012 12:44:06 +1100

Wagering and gaming firm Tabcorp lifts first half underlying profit by 14.1 per cent and expects a similar performance in the second half of the year.

The Global Mail: A news site for our times?

Thu, 09 Feb 2012 11:17:35 +1100

Five-time Walkley winner Monica Attard spoke to SBS about the brand new, philanthropically-funded Global Mail project.

News Corp flags lower newspaper revenues

Thu, 09 Feb 2012 09:30:23 +1100

News Corp warns of a massive revenue slide at its newspaper businesses and fears the cost of the phone hacking scandal will be higher than expected.

Greek party leaders prepare for debt talks

Wed, 08 Feb 2012 22:08:24 +1100

The heads of the three parties backing Greece's government have received a 50-page document detailing austerity measures its creditors are demanding.

Nokia to cut 4,000 jobs in Finland, Hungary, Mexico

Wed, 08 Feb 2012 19:47:03 +1100

Nokia says it plans to cut 4,000 jobs at its smartphone manufacturing facilities in Finland, Hungary and Mexico by the end of 2012.