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Regulators Oust Outage Culprits

Computer Daily News October 23, 2019 No Comments

Australia’s retail banking sector and payment systems operators will have nowhere to hide as they face up to reveal public outage severity figures or manipulate up-time performance stats as regulators…

Australians Feel Financially Worse Off

Elliot Nash October 22, 2019 No Comments

Australian’s are reportedly still feeling worse off despite consumer confidence rising by 0.3%. According to an ANZ survey reported by InsideRetail, optimism about the next 12 months has risen by…

Facebook Open To Currency-Backed Stable Coins For Libra

Computer Daily News October 22, 2019 No Comments

Facing growing scepticism over its Libra digital currency project and major backers deserting the project, Facebook says it will consider a system where cryptocurrencies like Libra would be based on…

Gerry Harvey & Directors Buys More Shares In Harvey Norman After Value Tanks

Elliot Nash October 21, 2019 No Comments

A Change of Director’s Interest Notice issued today has revealed a mass purchase of shares by Harvey Norman’s board of directors, with executive chairman Gerry Harvey raising his take in…

Seven Sells Pacific Mags To Bauer For $40m

Elliot Nash October 21, 2019 No Comments

Seven West Media has sold publisher Pacific Magazines to Bauer Media for a reported $40 million as the television network shifts to a digitally focus strategy following $20 million worth…

David Teoh Not Independent Says TPG

Elliot Nash October 21, 2019 No Comments

TPG Telecom Limited has called Mr Teoh “not independent” in a Corporate Governance Statement to the ASX alongside the company’s annual report to shareholders. In a breakdown of the Board…

Canva Nudges $5bn Valuation

Computer Daily News October 18, 2019 No Comments

Australian graphic design software company Canva said it has no short-term plans for a stockmarket float, instead raising US$85 million ($125 million) from private investors. California-based Bessemer Venture Partners joined…

Hisense Profits Fall As They Come Under Pressure In TV Market

David Richards October 17, 2019 No Comments

Hisense Australia, who have been under pressure in the TV market due to falling margins has reported a slump in profits despite increasing revenues from their appliance and TV business.…

Huawei Shows “Continued Growth” Despite US Ban

Jan Arreza October 17, 2019 No Comments

Huawei’s Q3 earnings report has been released and shows continued growth in terms of sales despite ongoing trade tensions with the US and the imposed Google ban on its devices.…

Harvey Norman Capital Raising Goes Pear Shaped As JB Hi Fi Soar

David Richards October 15, 2019 No Comments

The $173 Million capital raising by Harvey Norman that was set to be used to pay down its debts and shore up its financial position ahead of a potential recession…