Australia

Virgin Australia Expects to Move to Profitability in Fiscal 2016

Virgin Australia Expects to Move to Profitability in Fiscal 2016There may be some good news for the Virgin Australia Holdings Ltd's share holders as in its first half earnings report, the air

Australian Insurance Company Suncorp Lifts Full Year Profit Forecast

Australian Insurance Company Suncorp Lifts Full Year Profit Forecast Suncorp, the insurance giant based in Queensland gave a special dividend to its share holders and posted a half yearly profit with a fifty five percent lift in the full-year profit forecast, though the company took a hit due to the natural hazard events in the year.

Comedy Duo Cheech and Chong Drop Australian Tour

Cheech-and-ChongVeteran American comedy duo Cheech and Chong have cancelled their Australian tour as Chong is being treated for rectal cancer.

The veteran comedians were about to fly to Brisbane on Thursday for their ‘Up In Smoke Greatest Hits’ tour.

It was told that Chong was diagnosed with prostate cancer in 2012, and in 2013 said he had defeated the disease.

Westpac to Apply Tougher Tests to New Property Investor Borrowers

Westpac to Apply Tougher Tests to New Property Investor Borrowers Westpac, an Australian bank and financial-services provider, is going to apply tougher tests to new property investor borrowers while assessing how they would manage with higher interest rates in response to regulators' attempts to prevent the housing market from overheating.

Barrick Gold Corp Will Sell Two mines of Its Mines to Reduce Debt by $3 Billon

Barrick Gold Corp Will Sell Two mines of Its Mines to Reduce Debt by $3 BillonThe largest gold producer of the world, Barrick Gold Corp aspires to go "back to the future" when its roots were lean and agile and its business model centred around an environment where the company's operational heads enjoyed more autonomy and accountability.

Estimates of Aluminium Price of Alcoa Inc. ‘Similar’ to Present Levels

Estimates of Aluminium Price of Alcoa Inc. ‘Similar’ to Present LevelsOn Monday, William Oplinger, the Chief Financial Officer of Alcoa Inc. said that the company has used an aluminium price which also includes the benchmark futures and also the regional premiums which are comparable to present level for its forecast for 2015 of $500 million.

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