One of China's largest listed drugmakers said it overstated cash holdings by $4.4 billion ($6.2 billion), sending its shares and bonds tumbling and heightening concerns about the quality of accounting in a country that has become a fast-growing part...
A private jet carrying boxing fans crashed in Mexico after leaving Las Vegas on Sunday leaving 13 people, including several members of the same family, feared dead. An air search located the downed plane in a remote mountainous area in the...
Australian new car sales fell heavily in the year to April. Sales fell across all categories and in all states and territories except for Tasmania. New car sales feeds into household consumption expenditure, the largest part of the Australian economy. Combined...
Macquarie Media has just issued a profit warning for the current financial year reducing earnings to between $27 million and $29 million, down from between $29 million and $32 million advised on 15 February. "Trading conditions have fallen below...
The Reserve Bank has downgraded its economic forecasts for GDP and underlying inflation this year. It also sees slower progress in lowering unemployment. It still sees underlying inflation moving back to 2% by the end of next year despite an...
Maurice Blackburn Lawyers have filed a class action against Uber alleging illegal actions. Uber started operating in Victoria in 2012 but was not legalised until 2017. An expert says the case has a strong chance. Uber’s day in court is now near...
But efficient markets prevailed and now all the fun ripples are history, according to the report. The "'golden age' of calendar anomalies was in the middle of the 20th century," wrote the group of researchers led by Alex Plastun, an...
Malcolm Turnbull has severely chastised Australia’s closest security allies including the US, UK, Canada and New Zealand for failing to develop their own versions of 5G networks – the most important technology “of our time”. Issuing a staunch defence of...
Australia’s median capital city home price has fallen 10.3% since peaking in September 2017, making the current downturn one of the largest on record. In real, inflation adjusted terms, capital city prices have fallen by an even larger 11.7% over...
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