NEWS.com.au | Business | Breaking News

Greece faced with decision on more cuts

Sun, 12 Feb 2012 07:29:06 GMT

GREECE'S parliament will today decide whether to impose another round of swingeing austerity measures on its population.

Social cost or social catastrophe, Greece told

Sat, 11 Feb 2012 22:03:35 GMT

GREECE'S prime minister has called on parliament to assume a "historic responsibility'' ahead of a crucial vote on fresh austerity measures.

Murdoch 'totally committed' to The Sun

Sat, 11 Feb 2012 19:43:46 GMT

RUPERT Murdoch is totally committed to British tabloid The Sun, staff have been told after five staff members were arrested in a bribery probe.

Usernames released after porn site hack

Sat, 11 Feb 2012 19:32:15 GMT

A HACKER claims to have compromised the personal information of more than 350,000 users after breaking into a disused website operated by pornography provider Brazzers.

Top suburbs cop massive rent rise

Sat, 11 Feb 2012 07:58:17 GMT

RENTS in Australia's most sought-after suburbs have increased by up to 13 per cent in the last year.

Hundreds protest Spain labour reforms

Fri, 10 Feb 2012 21:37:33 GMT

HUNDREDS of people protested in Madrid overnight against new looser hiring and firing laws introduced by the conservative government, its latest measures to deal with the country's economic crisis.

US forecasts $1.33 trillion budget deficit

Fri, 10 Feb 2012 20:14:20 GMT

US President Barack Obama's budget to be released on Monday will project a $US1.3 trillion ($1.21 trillion) deficit in fiscal year 2012, an administration official says.

S&P downgrades 34 Italian banks

Fri, 10 Feb 2012 20:10:51 GMT

STANDARD and Poor's lowers the credit rating of 34 Italian banks in a move that follows the agency's two-notch downgrade of Italy in January.

European stocks dip on Greece uncertainty

Fri, 10 Feb 2012 20:06:52 GMT

EUROPEAN stock markets have closed lower in reaction to violent protests in Athens that rocked Greece's divided government.

Greek PM vows to rescue bailout deal

Fri, 10 Feb 2012 19:33:30 GMT

GREECE'S Prime Minister has promised to "do everything necessary" to rescue a 130 billion euro ($160.76 billion) bailout deal, after six members of his cabinet walked out over harsh new austerity measures, triggering a political crisis in the near-bankrupt country.