News

The Australian dollar has broken US98c, trading at US$0.9845 after the Australian Bureau of Statistics revealed strong employment numbers for the month of September this morning.

Australia’s unemployment rate for September has remained at 5.1 percent, however almost 50,000 more people gained employment during the month according to the Australian Bureau of Statistics.

Securency, the Reserve Bank of Australia subsidiary that sells Australia’s polymer note currency system to the world has seen the RBA raided as part of an international investegation into alleged corruption and bribery involving Securency.

The Australian dollar is set to break US98c after trading as high as US$0.9792 this morning on the back of concerns the United States Federal Reserve will reflate the currency.

South Australia’s Top 100 SA Companies Index has been released, showing aggregate revenue of $21.03 billion dollars this year for the state’s top 100 companies, versus $20.62b in 2009 and $22.6b in 2008.

A few months back, I saw how the much anticipated launch of the iPad saw people lining up to get their hands on one. More recently, I received my new iPhone. This has got me thinking about how doing business has changed so much in the last decade. And while all these new gadgets are meant to make us work smarter, are they instead making us work harder?

South Australian restaurants are rejecting plans to place food safety notices on the doors of eateries in the state, following a successful ‘scores on doors’ scheme in New South Wales.

Skype has released Skype for Android, a mobile app built for Google Android mobile phones running Android OS version 2.1 or above, with the app available from the Android Market.

Women have made no significant gains in their representation among ASX 200 companies or in key executive positions over the last eight years concludes new research by the Equal Opportunity for Women in the Workplace Agency (EOWA).

Direct Factory Outlet founders David Wieland and David Goldberger are demanding an inquiry into ACCC chairman Graeme Samuel, The Australian reports.

An alcohol filled lunch is still seen as the best way to seal a business dea, according to more than a quarter of respondents in an online survey by Corporate Traveller.

7-Eleven Stores Pty Ltd is now the third largest private company in Australia, after it announced that it has completed the acquisition of Mobil Oil Australia Pty Ltd’s retail fuels business, after signing a deal to buy Mobil’s retail arm in May.

Coraggio has appointed Andre Koolloos to the role of CEO as it gears up for national expansion.

Interest rates in Australia remain unchanged by the Reserve Bank of Australia at 4.5 percent after earlier expectations that the RBA would increase official interest rates 25 basis points to 4.75 percent.

According to the inaugural Telstra Smartphone Index, eight percent of employees with smartphones are surfing internet job sites, with many doing so during work hours according to the research.

Australian businesses expect a strong December quarter, with Christmas trading to bring the growth many businesses have been waiting for, according to the latest Dun and Bradstreet Business Expectations Survey.

Australia’s services sector is contracting at an ever increasing pace as the Reserve Bank of Australia uses a blunt tool, interest rates, to slow down inflation from Australia’s rampaging resource sector.

Australian interest rates are set to increase again by 25 basis points when the Reserve Bank of Australia board meets today, taking official interest rates to 4.75 percent.

Bing Lee has written to customers offering full refunds to those who bought 3D TV sets outside the areas in the AFL and NRL grand final 3D trial broadcast zones after Bing Lee advertised the TVs for this purpose in areas that couldn’t receive the signal.

Spam email messages appearing to come from LinkedIn are bombarding the inboxes of businesses around the world spreading the ZeuS malware that aims to capture your personal information and banking details.