australia stockmarket

Aussie Goldman clients may sue for $15m
GOLDMAN Sachs in Australia faces a potential $15 million lawsuit by former clients who have claimed the investment bank misrepresented complicated derivatives contracts that forced them to buy bluechip stocks at over-the-market odds.
Law firm Slater & Gordon said yesterday it was investigating allegations of misleading and deceptive conduct [...]

Australia’s tax battle over resources ‘golden goose’
Australia’s proposed new tax on mining profits has prompted a fierce struggle between the industry and the government for the extraordinary riches of the Asia-led commodities boom, analysts said.
Prime Minister Kevin Rudd’s plans to impose a 40 percent levy on the so-called “super profits” of resources firms was met [...]

Australian market wrap up

Bank fees can be very confusing. With several banking products available in the market, and with different terminologies used to describe the nature of the fees charged on these accounts, it is no wonder consumers often get confused or lose track of the fees they are paying. A simple understanding of when and where you [...]

Australia Govt Urges Structural Split Of Telstra
If Telstra doesn’t agree to separate its businesses, amended telecommunications laws to be introduced into Parliament later Tuesday will allow Canberra to force a “strong functional separation” on the group.
Communications Minister Stephen Conroy said the new measures “will finally correct the mistakes of the past” that have allowed Telstra [...]

Eureka Reports Alan Kohler now writes for Ninemsn Money 27/07/2009  Alan Kohler Australia’s top business and finance commentator is starting a weekly column for ninemsn Money. Starting Wednesday August 5, Alan will file weekly for Money giving his expert take on the markets, the economy and business. About Alan Kohler One of Australia’s most experienced [...]

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If not for the mining industries in Australia, its market shares would surely drop. At present, its shares surged up to 22.3 percent as the mining shares have countered the fall in financial sector.Bank stocks are still in turmoil as a result of capita…

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