Australian stocks closed about half a per cent lower as the big resources companies dragged the market down following falls in China. At the close today, the benchmark S&P/ASX200 index was 28.5 points, or 0.57 per cent, lower at 4,966.5. ...
Tags: Australian Stocks
The Australian dollar fell sharply today after China announced a tightening of controls on high-yielding financial products that form a key part of the country's shadow-banking system. Traders said the announcement highlighted risks that ...
Tags: Financial Rules, Australian Dollar, high-yielding financial products
Dutch insurance firm ING Group has sold its 26% stake in ING Vysya Life Insurance Company to its joint venture partner Exide Industries for an undisclosed amount. The deal, which was originally inked in January this year, is a part of a ...
Tags: Life Insurance, Insurance, insurance firm
THE sharemarket jumped after Cyprus reached an in-principle agreement with the troika of international lenders on key parameters of a financial bailout, according to an EU official. Under the agreement, Cyprus' Laiki Bank would be split ...
Tags: economy
BRIAN Hartzer, one of Westpac's most senior bankers, has talked down the competitive advantages derived from complete overhauls of core banking platforms, saying it was focused more on improving customer experience to gain an advantage over ...
Tags: economy
Suntech Power's epic plunge from solar module dominance to bankruptcy comes as the result of misplaced investments, a misguided pricing strategy, anti-dumping action in the US and a potential new willingness by the China government and ...
Tags: solar module, solar, Suntech
A new piece of custom malware sold on the underground Internet market is being used to siphon payment card data from point-of-sale (POS) systems, according to security researchers from antivirus vendor McAfee. Dubbed vSkimmer, the ...
Tags: vSkimmer, malware, Internet market
A new piece of custom malware sold on the underground Internet market is being used to siphon payment card data from point-of-sale (POS) systems, according to security researchers from antivirus vendor McAfee. Dubbed vSkimmer, the ...
Tags: Vskimmer Malware, Point-of-Sale Systems, Computer Products
A new piece of custom malware sold on the underground Internet market is being used to siphon payment card data from point-of-sale (POS) systems, according to security researchers from antivirus vendor McAfee. Dubbed vSkimmer, the ...
Tags: Vskimmer Malware, Point-of-Sale Systems, Computer Products
Reserve Bank of India while announcing the Mid – Quarter Monetary Policy: March 2013, reduced the Repo Rate from 7.75% to 7.5% with immediate effect. In a reaction to the policy, Dr A Sakthivel, president said though he welcomed the ...
Tags: Garment exports sector, Garment exports, Garment sector
British mutual life and pensions company Royal London has entered into a binding agreement to acquire Co-operative Insurance Society (CIS), the life insurance business of the Co-operative Banking Group. Additionally, the life and pension ...
Security researchers have uncovered yet another ongoing cyberespionage operation targeting political and human rights activists, government agencies, research organizations and industrial manufacturers primarily from Eastern European ...
Tags: Cyberespionage Operation, CrySyS Lab, Computer Products
The dollar has largely held its ground against a global wave of negativity stemming from Cyprus' rejection of a bank deposit levy. At 5pm AEDT, the currency was trading at $US1.0379, down slightly from $US1.038 yesterday. CMC markets ...
Tags: Dollar, Australian dollar, currency
The bicycle industry may not be as sexy as social media or biotechnology, but Patrick Keating believes it offers plenty of opportunity for investors. Keating, an American financier who lives in France, founded what he hopes will be the ...
Tags: bicycle industry, bicycle, cycling industry
British insurer Legal & General has agreed to purchase a 46.5% equity stake in CALA Group (CALA), from Lloyds Banking, in a deal valued at nearly 210m. Based on the term of the agreement, the underwriter will acquire the stake as an equal ...
Tags: insurer Legal, Legal&General, CALA Group