Business News
‘Mr Rolex’ billionaire skips on Coast rent
CHINA’S “Mr Rolex”, billionaire Li Ruipeng, who owes creditors in China up to $30 million, has been evicted from prime Gold Coast office space and is behind in rent by up to $200,000.
Mega merger threat to Bunnings’ DIY empire
THE days of Bunnings’ reign could be numbered, with reports of a private equity deal set to shake up the $46.7 billion home improvement sector.
The Australian dollar is lower
THE Australian dollar is lower, after gaining for more than a week, amid a strong euro rally.
Celebrity chef to take on trains
HE’S already conquered airlines and cruise ships. Train journeys are the next frontier for celebrity chef Luke Mangan.
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SurfStitch chief quits as private equity bid looms
SurfStitch co-founder and chief executive Justin Cameron has quit the online surfboard retailer to team up with a private equity group in a precursor to a possible takeover bid.
Herd the one about ... China eyes Kidman beef cattle
An Australian company and a member of China’s Shanghai Pengxin Group are considering acquiring one of Australia’s biggest beef producers.
Fortescue signs deal with Vale
Brazilian resources giant Vale could take a stake in Fortescue after pairing up with the Pilbara miner to form an iron ore blending joint venture.
BHP settles $7bn dam claim
BHP Billiton subsidiary Samarco will pay up to $3.2 billion in the first phase of a 15-year settlement with the Brazilian government over a deadly dam burst.
Aussie jumps on shock NZ rate cut
The Australian dollar is stronger against the kiwi after New Zealand’s central bank delivered a shock interest rate cut.
‘I quit my job and doubled my pay’
WHEN Ram Castillo quit his fulltime job three years ago, he doubled his income in six months. But that was only the beginning.
The story behind that wine glass video
YOU’VE seen the video: the amazing new mattress that can hold a full glass of wine while being jumped on. Here’s why it sparked a bitter slanging match.
