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Mastercard Plans Oz Global Hub

SYDNEY – Mastercard is setting up a new global tech hub and “innovation centre” in the inner Sydney suburb of St Leonards – one of five such centres Mastercard is...

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CE & IT Industry Now In The Hands Of The Dollar

Consumer electronics, IT and Hi Fi vendors are set to get hit hard by the falling Australian dollar. Yesterday Sony announced price increases by up to 30% with both Samsung,...

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OZ Interest Rates Not Cut As Expected

At its meeting today, the Australian Reserve Bank Board decided to leave the cash rate unchanged at 3.25 per cent. In a statement to the markets Board Govenor Glenn Stevens...

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Wizard And Aussie Bargaining OK With ACCC

Following the sale of Wizard Home Loans, owned by GE Money, to AHL Investments Pty Ltd (Aussie Home Loans), the Australian Competition and Consumer Commission has decided to not object...

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Interest Gouging Westpac Hit By Share Slump Despite 27% Jump In Profits

Westpac who are hitting individuals with 11% interest on borrowings as low as $100,000 despite holding millions in assets has announced a 27% jump in profits to$1.4 Billion.

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Woolworths Gets Into Bed With Qantas

Woolworths is to launch an Everyday Rewards Qantas credit card next week which will carry a low annual fee of $89. The card is said to be one of the...

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Faulty Goods Hurt Panasonic's Bottom Line

Pansonic has had a bad year according to profit results from its parent-company, Matsushita, which indicate the electronics giant was hurt badly by a massive mobile phone battery recall last...

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More Australians Going Bankrupt Than Ever Before

The SMB market is feeling the brunt of a massive rise in bankruptcies with up to 86% of all new businesses failing. At the same time the high cost of...

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IBM Slashes Oz Jobs

IBM Australia is set to slash jobs and restructure its operations. It is also shifting services work to Asia.

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Convoy Seeks Sales Manager

ADVERTISMENT: Leading CE distributor Convoy is looking for a senior sales executive in NSW to sell across some of the most successful brands in the CE market today.

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