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And failed investment company, Banksia Securities, will close all of its ten branches by the end of the week. The Victorian-based company called in the receivers last month, owing investors around 660 million dollars. Most of those investors are farm
A row between Japan and China over islands in the East China Sea is threatening to have serious economic consequences. Several major Japanese companies have suspended their operations in China. They took the action after attacks on shops and car deal
Greece is still trying to convince its creditors it's doing enough to receive its next bailout package. After talks in Germany, the World Bank's President says his organization stands ready to help the debt-stricken country. The point I want to make
To finance now, and Italy's prime minister says he sees a light at the end tunnel for Europe's debt crisis, he has been in Paris for talks with the French president to discuss the crisis, but there wasn't much joy in the latest jobless figures, unemp
to finance ,and investors remain worry that Spain won't be able to avoid full bailout .the Spanish government has borrowed three and half billion dollars on financial markets it has been forced to pay three point seven percent this is the second ha
And consumer group Choice has welcomed moves by the Reserve Bank. The stock companys profiteering from credit card transactions. From January next year, merchants will only be able to charge reasonable fees on transactions which reflect the cost of a
The Organization for Economic Cooperation and Development says the Eurozone crisis is the single biggest threat to the global economy.The OECD is forecasting economic contraction in the zone this year and only a weak growth next year.Chief economist
To finance. And Austrlia looks to benefit from the new Chinese stimulus package. Reports from China say Beijing is * multibillion plan to make up for dropping exports and electricity usage. Austalian trade minister Qude Anverson has been holding talk
Presses have defined the national trend climbing by more than half a percent in the December quarter.A survey by RP Data shows Sydney remains the most expensive city with a medium house price 485,00 dollars Perth was the worst performing capital.Hous
The number of people looking for work across the Eurozone has hit an all-time high. November figures put the unemployment rate at 11.8 per cent. Spain recorded the highest rate at 26.6 per cent. Greece has the second highest at 20 per cent. More than
Labor has accused the government of fudging the budget numbers to make a case for spending cuts. Shadow Treasurer Chris Bowen says the Coalition has changed its forecasting methods to suit its own political purposes. And when you look closely at the
Lesson 19 Brain 1.He's the brains of our dorm. 2.The brain drain is a very serious problem. 3.I listen to my brain trust. 4.Don't try to brain wash me into believing it. 5.I beat my brains out,but it didn't work. 6.You'd better have your brain on ice
As 6 months of snow and ice begins to melt, Yellowstone starts to come back to life. Cascading snowmelt swells the streams and rivers. It's a hazard that the migrating herds must cross. Young are barely up to the task. The Yellowstone river has incre
And talks have began in Bali to try to reach a new global trade deal. Ministers from 160 countries are thrashing out ways to simplify customs procedures. They are hoping to finally nail down negotiations that have been going on since 1995. The head o
The Nine Entertainment Company will launch its two-billion-dollar float on the stock exchange at mid-day. The re-capitalisation will put the company in a much stronger position after facing bankraptcy just a year ago. Shares are in highly-anticipated
A new report has found that introducing a new land tax is the answer to repairing deteriorating state and territory budgets. The Grad Institute says a property levy of just two dollars for every 1000 dollars of unimproved land value would raise seven
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The Reserve Bank has made it clear that interests rate will stay on hold for some time, despite a record growth in house prices and the re-surge in dollar. Economist Soul Eslake explains. It's really only the housing sector that's showing any particu
Good morning, everyone. One of the more controversial proposals from the review of Australias competition laws is the suggestion that the laws being amended to make it easier to clamp down on anti-competitive conduct. The review says the law should g
Good morning, everyone. In some finance news today, the Chairman of Fortescue Metals has called for a production carbon iron ore. You know it increased the price China has to pay for it. Speaking at business dinner in Shanghai, Mr. Forrest said his c