BOURSE ELECTION COURSESHARES are likely to remain under pressure until the federal election, with polls traditionally depressing equity markets. A report by ABN Amro Morgans chief economist Michael Knox found that federal elections introduce uncertainty into stockmarket returns with investors and institutions historically tending to withdraw funds prior to the..read more
EVEN cyber crime is going back to the old economy. A New York waiter has raided the accounts of the rich and famous, including Steven Spielberg, Ted Turner and Oprah Winfrey, by e-mail with an old-fashioned twist. He apparently conned credit agencies with official looking letters from investment ba
The Australian Competition and Consumer Commission is looking into alleged harassment of consumers by One.Tel through its use of a ``ghost company" to collect some of its debts. One.Tel customers with outstanding debts have received notices from a debt collection agency owned by One.Tel directors Mr Jodee Rich,..read more
An attempt by QBE Insurance to buy UK insurer Limit for about #500 million ($1.25 billion) has collapsed after the UK company rejected the offer as ``unacceptable". QBE recently approached Limit which owns majority interests in two Lloyd's underwriting agencies in order to undertake due d