EU states agree UN 2015 climate deal

Environment ministers from all 28 European Union states have agreed on Friday to a fast-track, collective ratification of last year's UN Paris climate deal, the EU said. "All member states greenlight ...

  • Qantas secures new Australia Post deal AAP - 1 hour 28 minutes ago
    Qantas secures new Australia Post deal

    Qantas will continue to fly Australia Post's 12,000-tonnes of international mail and parcels around the globe after securing another five-year multi-million dollar deal. The new contract is on top of the $500 million five-year domestic air freight agreement between the two which included the establishment of a dedicated domestic freighter fleet for Australia Post in July. Qantas, which didn't detail the value of the latest deal, is the largest provider of air freight services for Australia Post.

  • Japan's jobless rate rises to 3.1 per cent AAP - 1 hour 31 minutes ago
    Japan's jobless rate rises to 3.1 per cent

    Japan's unemployment rate has climbed for the first time in six months. The jobless rate moved up to 3.1 per cent in August from three per cent in the previous month, the Ministry of Internal Affairs and Communications said on Friday. The unemployment rate for men increased to 3.4 per cent from 3.2 per cent in July, while the rate for women was unchanged at 2.7 per cent.

  • US lawmakers slam Wells Fargo CEO AAP - 1 hour 37 minutes ago
    US lawmakers slam Wells Fargo CEO

    Angry US congressmen have heaped another round of criticism on Wells Fargo's chief executive, pressing for details about what senior managers knew about allegedly illegal sales practices and when any concerns were disclosed. Chief executive John Stumpf, newly stripped of tens of millions in compensation, told the House financial services committee on Thursday the bank was expanding its review of accounts and would evaluate executives' roles. Several lawmakers, Republican and Democrat, alleged Wells Fargo's sales practices might have violated federal laws, including the federal racketeering laws, which would constitute a criminal offence.

  • Qld used car salesman nabbed for bad loans AAP - 3 hours ago

    A Queensland used car salesman who targeted high interest loans at indigenous people who couldn't afford to pay them off could be fined more than a million dollars. Used car business Supercheap in Cairns advertised car finance with a 20-minute on-site approval to people on Centrelink benefits, former bankrupts, defaulters and those with a bad credit history. Loans with an interest rate of 48 per cent per annum were then provided by the associated Cash Brokers and lender Channic.

  • WA sandalwood firm begins China exports AAP - 4 hours ago
    WA sandalwood firm begins China exports

    West Australian sandalwood producer TFS Corporation has sent its first shipment to China. The processed wood, which sold for $US2.25 million ($A2.96 million), departed Fremantle on Friday. Managing director ...

  • Fitness First gyms in new hands AAP - 5 hours ago
    Fitness First gyms in new hands

    The new private equity owners of Fitness First gyms will use their latest acquisition to build a nationwide presence in the health and fitness industry. Quadrant Private Equity will add Fitness First's 65 clubs to a stable of that includes 76 Goodlife gyms, acquired from Ardent Leisure in August, and 250-plus Jetts 24-hour gyms bought earlier in September. Quadrant executive chairman Chris Hadley said Fitness First's strong NSW presence tied in well with Goodlife's locations in other states.

  • Economists ponder the RBA under Lowe AAP - 5 hours ago

    With a Reserve Bank board meeting looming, economists this week looked ahead to the likely decision on interest rates and how the central bank's approach might shift under its new governor. On Friday afternoon, the futures market gave the likelihood of a cut in the cash rate on Tuesday - from its current record low of 1.5 per cent - a token one in 50 chance, in line with the strong consensus among economists. Economists will pick over Philip Lowe's first statement since he took over as governor from Glenn Stevens.

  • $A lower over Deutsche Bank fears AAP - 5 hours ago

    The Australian dollar is weaker as financial markets are shaken by concerns about the future of Europe's largest investment bank. The local unit was trading at 76.07 US cents at 1700 AEST on Friday, down ...

  • Southern Cross falls on Nine stake sale AAP - 6 hours ago
    Southern Cross falls on Nine stake sale

    Southern Cross Media shares have dropped 13 per cent after broadcaster Nine Entertainment sold its investment in the radio and regional television company for $30 million. Nine sold its 9.99 per cent stake in Southern Cross - the owner of the Triple M and Hit Network radio businesses , at $1.54 per share, a 33.9 per cent premium on the $1.15 the group paid a share just six months ago. Nine's head of investor relations Nola Hodgson said the stake was acquired to help shore up a regional television affiliate deal with Southern Cross Media.

  • Oswals' Perth mansion to be demolished AAP - 6 hours ago
    Oswals' Perth mansion to be demolished

    Perth's "Taj Mahal on the Swan", the unfinished, derelict Perth mansion owned by wealthy Indian couple the Oswals, is to be finally demolished. It's estimated it will cost $300,000 to demolish the graffiti-covered property, with the council to pursue the Oswals for the money. Although they still own the land, Pankaj and Radhika Oswal abandoned the mansion in 2011 after their Burrup Fertilisers empire collapsed a year earlier and they left Australia.

  • Banks and miners pull market lower AAP - 6 hours ago

    The share market has ended the week with a fall, hurt by financial and resources stocks amid concerns about Deutsche Bank's future and the possible implications of its financial woes. The benchmark S&P/ASX ...

  • Stocks to watch AAP - 7 hours ago

    Stocks to watch on the Australian stock exchange: NEC - NINE ENTERTAINMENT - up 8 cents, or 8.2 per cent, at $1.055 SXL - SOUTHERN CROSS MEDIA - down 22 cents, or 13.1 per cent, at $1.465 Broadcaster Nine ...

  • Australian stocks end week with a fall AAP - 7 hours ago

    The share market has fallen as major financial and resource companies dropped, offsetting further strength in the energy sector. At 1615 AEST on Friday, the S&P ASX/200 index was down 35.4 points, or 0.65 ...

  • Vic man seriously injured after car flips AAP - 7 hours ago

    A man has suffered serious injuries after his car flipped on to its roof in Victoria, just as police launch a statewide road safety operation over the long weekend. The man in his 30s was taken to hospital after losing control of his car before hitting an embankment in Flowerdale at 4.30am on Friday, police say. Road Policing Acting Assistant Commissioner Debra Robertson hopes the road toll stays at zero during the weekend.

  • Gerry Harvey lifts stake in his company AAP - 8 hours ago
    Gerry Harvey lifts stake in his company

    Harvey Norman co-founder and executive chairman Gerry Harvey has taken home less pay but lifted his lucrative stake in the furniture and homewares retailer. Mr Harvey bought almost 2.7 million Harvey Norman shares in the 2015/16 financial year, taking his total ownership to 29.83 per cent, according to the group's annual report, a stake currently worth $1.7 billion. Chief executive Katie Page, Mr Harvey's wife, was paid $3.1 million, up from $2.9 million a year earlier, after steering the group to a sharp jump in profit.

New Zealand Markets

Company Finances

  • Subway: Review finds 'serious' complaint about Jared Fogle Associated Press - Sun, Sep 13, 2015 1:30 AM NZST
    Subway: Review finds 'serious' complaint about Jared Fogle

    The Subway restaurant chain said it received a "serious" complaint about Jared Fogle when he was the company's spokesman but that the complaint did not imply any criminal sexual activity. The ...

  • Holden keeps 100 design jobs in Australia AAP - Sun, Sep 13, 2015 1:06 AM NZST
    Holden keeps 100 design jobs in Australia

    Holden will keep more than 100 design jobs and add 18 new positions after manufacturing ends in Australia in 2017. The powertrain engineering and development team will stay in Australia after General Motors reversed a decision to send the jobs overseas. "More than 100 additional Holden engineering staff will continue to apply their skills and talents to local and global vehicle programs," managing director Mark Bernhard said on Saturday.

  • Fiat Chrysler recalls 1.7M trucks for air bag, weld troubles Associated Press - Fri, Sep 11, 2015 6:18 AM NZST
    Fiat Chrysler recalls 1.7M trucks for air bag, weld troubles

    Fiat Chrysler is recalling more than 1.7 million trucks to fix problems with air bags and welds in the steering system. The biggest of three recalls announced Thursday covers 1.35 million Ram 1500, 2500 ...

  • McDonald's to switch to cage-free eggs over next decade Associated Press - Thu, Sep 10, 2015 9:12 AM NZST
    McDonald's to switch to cage-free eggs over next decade

    McDonald's says it will switch to cage-free eggs in the U.S. and Canada over the next decade, marking the latest push under CEO Steve Easterbrook to try and reinvent the Big Mac maker as a "modern, ...

  • Survey shows big gaps in knowledge about auto safety tech Associated Press - Wed, Sep 9, 2015 9:24 AM NZST
    Survey shows big gaps in knowledge about auto safety tech

    Adaptive cruise control has been an option on some cars for almost a decade. But in a recent national survey, 65 percent of U.S. drivers didn't know what it was. The survey, by the University of Iowa Public ...

  • Toyota invests $71m in driverless cars AAP - Sat, Sep 5, 2015 8:10 PM NZST
    Toyota invests $71m in driverless cars

    Toyota is investing $US50 million ($A71 million) with Stanford University and the Massachusetts Institute of Technology in the hope of gaining an edge in an accelerating race to phase out human drivers. The financial commitment announced on Friday by the Japanese carmaker will be made over the next five years at joint research centres located in Silicon Valley and another technology hub in Cambridge, Massachusetts. Toyota has hired robotics expert Gill Pratt to oversee research aimed at developing artificial intelligence and other innovations that will enable future car models to navigate the roads without people doing all the steering and stopping.

  • Harley riders rumble into Milwaukee for rally, bike show Associated Press - Sat, Sep 5, 2015 12:06 PM NZST
    Harley riders rumble into Milwaukee for rally, bike show

    Gearheads converged on the Harley-Davidson Museum on Friday to show off, talk shop and get started on a weekend motorcycle rally and custom bike show. Tents outside the museum featured T-shirts, trinkets ...

  • Toyota to invest $50M in car-tech research at Stanford, MIT Associated Press - Sat, Sep 5, 2015 7:36 AM NZST
    Toyota to invest $50M in car-tech research at Stanford, MIT

    Toyota is investing $50 million with Stanford University and the Massachusetts Institute of Technology in hopes of gaining an edge in an accelerating race to phase out human drivers. The financial commitment ...

  • From eggs to trees, USDA promotional programs controversial Associated Press - Sat, Sep 5, 2015 6:37 AM NZST
    From eggs to trees, USDA promotional programs controversial

    The slogans are familiar: "The Incredible Edible Egg," ''Pork: The Other White Meat," and "Got Milk?" They've all been part of promotional campaigns overseen by the Agriculture ...

  • Recalls this week: windshield deicer, bicycles Associated Press - Sat, Sep 5, 2015 5:00 AM NZST
    Recalls this week: windshield deicer, bicycles

    More than 4 million bottles of windshield deicer and frost reducer are being recalled because the trigger assembly can be removed by children, posing a risk of poisoning. Other recalled consumer products ...