News

Telstra has dropped its controversial $2.20 administration fee for people paying their bills over the counter or by mail, less than two months after it was introduced.

Despite an improved economic outlook, Australian businesses are still feeling the effects of the global financial crisis, a business survey shows.

Another rate rise before Christmas would hurt the economy and be particularly damaging to retailers, the Australian National Retailers Association (ANRA) warns.

After it was revealed that New South Wales and Victorian punters spent a whopping $95.6 million on the Melbourne Cup yesterday, the ACCC, in conjunction with Queensland Office of Fair Trading, Queensland Police, the Australian Securities and Investment Commission and the Australian Taxation Office, has warned punters to be wary of sports and betting investment scams this Spring racing season.

Federal Treasurer Wayne Swan has warned that families and businesses will be hit hard by the recent rate hike.

Despite the financial crisis, punters spent big at yesterday’s Melbourne Cup, with New South Wales and Victorian gamblers betting a record $95.6 million on the cup.

Just 15 minutes after the Reserve Bank announced an increase in the official interest rates to 3.5 percent, ANZ signaled its intention to match the Reserve Bank’s rate.

The outcome of the Melbourne Cup was shocking, but the results of the Reserve Bank’s latest board meeting was not so shocking, with official interest rates lifted by 25 basis points, taking official rates to 3.5 percent.



Social networking site Twitter is being used by police to track and catch criminals.

Petrol prices are expected to rise over the next week, nearing their peak, according to a leading economist.

Visa has announced it will move to chip and PIN technology for all Australian Visa cards over the next four years, with signatures no longer accepted at the checkout from 2013, as part of a wide-ranging agenda to cut credit card fraud.

The Federal Government’s Mid-Year Economic Forecast delivered a brighter economic future for Australia, signaling interest rates are on their way up.

The Federal Government’s Mid Year Economic Forecast reveals the massive human cost of the financial crisis, with another 105,000 workers expected to be jobless, as unemployment rises to 6.75 percent over the next eight months, says unions.

Yellowglen releases Melbourne cup iPhone app First there was the Melbourne Cup Carnival iPhone app released by Victoria Racing Club providing punters with news and information about races, now there is the Yellowglen iPhone app designed to help cup goers locate each other on the day. The iPhone app, created by Sydney digital production company […]

Investment commentator and author of the recently released book ‘Understanding the Investment Clock – Your Road to Recovery’, Rod North, says it is still too early to raise interest rates further, as the economy is only just beginning to recover from the financial crisis.

Digital is the way forward for business, says digital strategy expert Chris Braine.

A new report has found that more Australian workers are now delaying retirement as a result of the global financial crisis.

National Australia Bank (NAB) has now completed the acquisition of Challenger Mortgage Management and unveiled a new brand for the business – Advantedge.

Mobile market set to grow The global mobile market is set to grow over the next quarter, according to research firm Strategy Analytics. In its latest report on the handset market, Strategy Analytics forecast that global shipments of mobile phones in the final quarter of 2009 would rise three percent from a year earlier to […]

The Reserve Bank is likely to lift interest rates by 25 basis points tomorrow, economists predict.