Australian Dollar Continues It’s Rise

Published on September 22, 2010 by Technology Slice

Australian Dollar Continues It’s Rise – The Australian dollar traded near a two-year high, after the release of central bank minutes pointing to increased odds of an October interest rate rise. At 5pm Australian Eastern Standard Time, the dollar was trading at 94.54 US cents, a touch down from yesterday’s close of 94.55 cents. The [...]

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Posted in Money

Rudd’s Mining Tax Explained

Published on June 18, 2010 by Technology Slice

The Government says the old tax system has failed to keep pace with the spiralling profits generated by the big miners. The miners believe the new tax is not a tax on “super profits” but on very mild profits. This is how the tax would work. Under the current system, mining companies pay 5 per [...]

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Posted in General

Banks Making A Killing On Penalty Fees

Published on May 24, 2010 by Technology Slice

Banks Making A Killing On Penalty Fees – Banks have been making huge profit margins of up to 14,000 per cent on controversial exception fees levied on a variety of basic transactions. Confidential data from two banks, obtained by Your Money, has revealed the true cost to the banks when customers are overdrawn or exceed [...]

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Posted in Money

Kevin Rudd’s Ratings Drop

Published on May 10, 2010 by Technology Slice

Kevin Rudd’s Ratings Drop – KEVIN Rudd’s approval rating has slumped even further, and if an election were held now Labor would lose, a new poll shows. The Prime Minister’s approval dropped by 14 percentage points in one month to 45 per cent, while his disapproval rating has risen 13 points to 49 per cent, [...]

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Posted in Politics

Apple Profits Up 90 Percent

Published on April 21, 2010 by Technology Slice

Apple Profits Up 90 Percent – Apple has reported a 90 per cent gain in second-quarter profit as demand increased for the iPhone and Mac personal computers. Shares jumped as much as 8.3 per cent in after-hours trade, to $US265 ($284). Its stock has doubled in the past year.

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Posted in Money

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