On January 16, 2006, John Agius, SC, began lifting the lid on how AWB sold wheat to Iraq when the international community was trying to apply maximum economic pressure on Saddam Hussein. The opening address from the counsel assisting the commission of inquiry was explosive: AWB had knowingly

THE Australian Securities Exchange has warned that stockbrokers face a costly ''technological arms race'' that could put some smaller players out of business if rival exchange operators gain approval to enter the local market. The comments by the chief executive, Robert Elstone, come as

''How stupid could they be if they thought it was material and they continued doing what they did?'' asked Justice Lindsay Foster. ''There could be many answers to that, one of which is: very stupid,'' replied the shareholders' barrister, John Sheahan, SC. Mr Sheahan was describing the risks

A class action against the former monopoly wheat trader began in the Federal Court in Sydney today almost three years since the action was first filed. Members of the action say they collectively lost more than $100 million when AWB shares plummeted when the 2006 Cole inquiry

A class action against the former monopoly wheat trader began in the Federal Court in Sydney today almost three years since the action was first filed. Members of the action say they collectively lost more than $100 million when AWB shares plummeted when the 2006 Cole inquiry

Prior to the decision, all e-books on Amazon's Kindle e-reader were offered at a set price of $9.99. But Amazon ( AMZN , Fortune 500 ) said on its online Kindle Forum over the weekend that it will begin charging $12.99 to $14.99 for e-book versions of Macmillan's bestsellers and most

The talks were "quite difficult" as prices of all natural resources including iron ore were on the rise, the China Securities Journal quoted association vice chairman Luo Bingsheng as saying. The industry group, which led China's failed talks with global miners for 2009 ore prices, will step up...

A mid all the talk about a ''People's Bank'' and the possible involvement of the country's postal network in such a proposal, Australia Post is facing a real challenge in deciding what sort of business it will be within the next 10 years. While it is a publicly owned corporation and a...

AUSTRALIA POST is expected to aggressively expand its parcel delivery business and push deeper into international markets under its new chief executive, Ahmed Fahour. The career banker, who has taken charge of the nation's monopoly post business, is the first to acknowledge the...