To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 11:22pm UK, Thursday May 17, 2012 Katie Stallard, media and technology correspondent The company stopped taking orders for its shares ahead of its much-hyped initial public offering on Friday.
The Australian dollar is higher but still below parity, helped by comments that the US Federal Reserve is open to stimulate the American economy. At 1700 AEST on Thursday, the local unit was trading at 99.47 US cents, up from 98.93 cents on Wednesday. Since 0700 AEST on Thursday, the Australian dollar traded between 99.09 US cents and 99.64 cents. Commonwealth Bank currency strategist Joseph Capurso stated the Australian dollar strengthened after the US Fed overnight released the minutes of ...
The move is the latest endorsement for the UK automobile industry from foreign owners 12:12am UK, Thursday May 17, 2012 Alistair Bunkall, business correspondent The future of the North West plant had been in doubt since the beginning of the year after GM, Vauxhall’s parent company, admitted it was looking at restructuring its European operations.
Federal Climate Change Minister Greg Combet is confident the international carbon market will stabilise in coming years. From July 1, the government will make less than 500 of Australia’s biggest polluters pay an initial $23 for every tonne of carbon they put into the atmosphere. This will be followed by a market-based emissions trading scheme in 2015. The aim is to cut 160 million tonnes of carbon dioxide from the atmosphere by 2020. Mr Combet stated there was a lot ...
To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 10:04pm UK, Tuesday May 15, 2012 The single currency bloc’s economy saw zero growth in the first three months of the year, beating forecasts of -0.2% and following a contraction of 0.3% in the final quarter of 2011. The region has been dragged down by the debt crisis in southern Europe, led by Greece, which saw its economy contract ...
The Australian dollar rose back slightly above parity with the US dollar after a boost in late afternoon trade on official data showing Germany avoided a recession. At 1700 AEST, the Australian dollar was trading at 100.02 US cents, slightly down from 100.08 cents yesterday. Since 0700 AEST, the local unit traded between 99.45 US cents and 100.08 cents. For most of Tuesday, the Australian dollar traded in a range below 100 US cents after falling below parity yesterday for ...
To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 12:15am UK, Tuesday May 15, 2012 The Chancellor has attacked some eurozone countries for hinting Greece could be kicked out of the euro – on a day Europe’s main stock markets plummeted. Political uncertainty in Greece has cast doubt over the debt-laden nation’s future membership of the single currency.
Perth-based law firm Balance Legal is merging with regional player Advent Lawyers – forming a new group with four offices in Australia and Singapore, and plans to expand. The combined firm, to be known as AdventBalance, will see Balance’s Perth office join Advent’s network of offices in Sydney, Melbourne and Singapore. The company also has plans to open a fifth office in Brisbane later this year. AdventBalance will have more than 80 lawyers across the five offices, with Balance Legal ...
Mr Thompson took the helm as Yahoo’s fourth chief executive in less than five years 11:41pm UK, Sunday May 13, 2012 The announcement was made at an emergency board meeting, just over a week after the allegations surfaced. In a statement, all the company stated was Mr Thompson had “left the company”.
To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 6:36pm UK, Saturday May 12, 2012 The president will hold last-ditch speaks on Sunday in a bid to form an emergency government following a third failed attempt at joint leadership. But it now seems brinkmanship will remain in the way of a successful coalition.