World

Man to pay $1.9m for credit card fraud

A Toronto man stole the identities of 38,000 people in a massive credit card fraud scheme described by prosecutors as high-tech bank robbery.

Russia's economic reality shirtfronts Putin

Under pressure: Russian President Vladimir Putin

The tough-talking Russian President is wrestling a mounting economic crisis that will test his famed resilience.

Fed confident on US growth

US Fed chair Janet Yellen.

The Federal Reserve offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the US economy.

Avon pleads guilty to China bribes

China tears a page from the BoJ policy playbook and moves to devalue the yuan by 20 per cent.

Door-to-door beauty product firm's admission over bribing officials and falsifying records lands it with a US$68m fine.

Sea Shepherd intercepts fisher video

INTERCEPTOR: Sea Shepherd's Bob Barker.

Radical environmental group Sea Shepherd says they have intercepted a pirate toothfishing boat in the Southern Ocean.

Foreign 'speculators' shun rouble

Russian rouble, currency exchange rate board in Moscow

Foreign fund managers say they have mainly stayed away because the Russian market is too unpredictable.

OPEC hawks see merits of waiting

Oil prices are expected to tumble ­further if the OPEC members can't agree on a reduction in global output.

The move further reduces the chance of any action to defend prices.

NZ hovercraft saves reindeer video

REACHING SAFETY: After being towed alongside a hovercraft, rescuers wait for the deer to regain his footing.

For a deer trapped on thin ice on a remote Canadian lake, rescue came in an unlikely form.

Russia tries to save rouble video

SAVING THE ROUBLE: A currency exchange rate board in Moscow.

Russia's central bank makes an emergency move to halt a collapse in the currency.

'It's total fiction'

Damir Tulemaganbetov, left, with his friend Mohammed Islam, right, in the office of public relations firm 5WPR.

Sixteen-year-old Mohammed Islam wants you to think he's a big shot but his well publicised claim to wealth is all fake.

Ex-Madoff manager jailed for fraud

ENABLED CRIME: JoAnn Crupi leaves the Manhattan Federal Court house after sentencing over her role in the Madoff fraud.

JoAnn Crupi gets six years in prison for helping her now imprisoned boss carry out his multibillion dollar Ponzi scheme.

Teen trader's US$72m queried

TEEN TRADER: Stuyvesant High School, where Mohammed Islam is a senior student.

Doubt is cast on the US 17-year-old's claim his worth is in the high eight figures.

Aus budget blowout preferable

Australian Treasurer Joe Hockey during the release of the Mid-Year Economic and Fiscal Outlook.

Australian Treasurer will allow the bottom line to worsen sharply in the hope of encouraging jobs growth and business confidence.

Aussie deficit to hit A$40.4b

BAD NEWS BEARERS: Australia's Treasurer, Joe Hockey, and Finance Minister Mathias Cormann.

Australia's budget deficit has blown out by A$10 billion more than expected six months ago.

Teen makes $92m in a year

MONEY MAKER: Mohammed Islam intends to start a hedge fund and become a billionaire next year.

A New York student wasn't deterred when he lost his life savings on the sharemarket at the age of 9.

Why Warren Buffet hated public speaking

Has overcome his nerves.

Back in 1951, a 20-year-old Warren Buffett was well on his way to fulfilling his goal of becoming a millionaire by age 35.

Uber rape accused's dark past

OK WITH UBER: Police officers escort driver Shiv Kumar Yadav outside a court in Delhi.

Man at centre of string of rape complaints was able to drive despite US-based company being alerted about him.

Tamir Rice death: homicide

A mourner looks at a program during the funeral service for Tamir Rice in Cleveland, Ohio December 3, 2014.

The death of a 12-year-old Cleveland boy fatally shot by police in November has been formally ruled a homicide.

Closing the gender gap

Pinterest engineer Tracy Chou in Melbourne.

Tracy Chou lifted the number of female software developers at Pinterest by 5 per cent in a year.

Aussie unemployment rate rises

Unemployment edged up to 6.3 per cent.

Australia’s jobless rate rose slightly to 6.3 per cent last month, despite the creation of over 40,000 jobs.

Insider trader buys The Block loft

INSIDER TRADER: Lucas Kamay outside court in August.

Aussie involved in a $7.5m insider-trading scheme bought an apartment from The Block to give his crimes 'a cloak of respectability'.

The lordly dynasty behind 'nut rage'

CHO HYUN-AH:  Before 'nut rage', she angered Koreans for giving birth to her sons in Hawaii, exempting them from compulsory military service.

It was an ugly display of entitlement. And exactly what Korea expects of its entitled business elite.

What is sending the Shanghai market surging?

Chinese investors are looking to equities as a new source of profit.

China's benchmark Shanghai Composite Index has risen almost 30 per cent in the past six weeks.

Oil dives as selling snowballs

Oil has fallen to a new five-year low.

World oil prices slide another 4 per cent to new five-year lows as expectations of a deeper slump next year increase.

Joyce aims to reset Qantas flight path

Alan Joyce sees clearer skies ahead for the airline.

Qantas has officially pushed the reset button on its financial prospects.

New Delhi bans Uber video

A candle light vigil is held in New Delhi to protest the rape of a female Uber passenger.

Transportation officials in India's capital ban service after one of its drivers allegedly raped a female passenger.

American Airlines plans upgrade

An American Airlines plane was forced to return to the gate before takeoff after apassenger noticed a spooky Wi-Fi name.

American Airlines says it will spend more than $2.6 billion to make its planes more pleasant.

Qantas flags remarkable rebound

CLEAR SKIES AHEAD: All operating segments of the airline are expected to report profits for the December half.

Qantas forecasts its best result since 2010 and plans to repay over $1b in debt.

Virgin gets boost from Air NZ

The trans-Tasman market has become dominated by two major alliances in Virgin-Air New Zealand and Qantas-Emirates.

Virgin Australia’s earnings performance on hotly contested trans-Tasman routes improves after alliance.

Russian trade threat ongoing

Dairy

New Zealand trade could be affected by the political standoff between western countries and Russia for at least a further two years, says New Zealand exporter Stuart Prior.

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