World

Rates on hold in Australia

Percent

The Reserve Bank of Australia has kept interest rates at 2.5 per cent, well below NZ's 3.5 per cent.

Hundreds of jobs go at Coles

Coles supermarket

Aussie supermarket chain plans to cut up to 600 head office jobs as it looks to slash costs.

Instability to hit markets

market storm

Reserve Bank of NZ is on one side of a major policy divide emerging between the world's major central banks.

Alibaba a lesson for investors

alibaba

Foreigners who want to buy Alibaba shares in the Chinese e-commerce giant's US public offering will need to get comfortable with an unusual business structure.

Pressure for Germany to boost spending

Germany's biggest budget surplus since reunification adds to growing pressure to spend more to bolster growth in Europe.

Buffet's tick of approval

Warren Buffett

Warren Buffett's afterlife plans, revealed in a letter to his investors earlier, underline a sea change afoot in the investment industry.

Aussie watchdog sues Valve

Consumer watchdog claims games distributor misled users about rights and refused refunds.

Can Qantas boss Alan Joyce survive?

Alan Joyce

The latest speculation is that Joyce is preparing for his exit next year, on his terms.

Good news for US economy

USA

After a bleak start to the year, the US economy grew at a brisk annual rate of 4.2 per cent in the April-June quarter.

JPMorgan probes possible cyber attack

JP Morgan

Bank disclosed its investigation after the FBI said it was investigating reports several US financial firms had fallen victim.

Ship with dark past NZ-bound

Vega Auriga

Australia banned it for repeated welfare and maintenance breaches. Now it's heading to Tauranga.

Qantas loss blows out

Qantas

Restructuring and writedowns hit Qantas' bottom line as it posts a A$2.8 billion loss.

Burger King to buy Canada's Tim Hortons

Burger King

Warren Buffett has committed some of the C$12.64b price tag for what will be the world's third-largest fast-food group.

Dire economic straits

Malaysia Airlines is facing dire economic straits with some flights operating nearly empty.

US new home sales fall

US dollars, money, greenback

But the US economy stays on solid ground, economists say.

Fears about China's economy

china manufacturing

Growth in China's vast factory sector slowed and conditions look uncreasingly unsteady.

Marijuana grower to list

marijuana

Canadian medical marijuana producer Bedrocan will offer investors an alternative in a growing market.

US stocks hit record high

wall street

S&P 500 breaks milestone and eyes another after a flurry of positive economic data.

Bank of America settles probe

Bank of America

Bank pays US$16.65b over misleading investors into buying troubled mortgage-backed securities.

Airlines deny hidden fees

Jetstar is being accused of failing to tell passengers about extra fees in an Australian court.

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