Amost overnight, Ding Ning and Zhang Min struck it rich with the hot new thing in Chinese finance. In 18 short months, they transformed an old-line industrial company into an Internet phenomenon through the seeming magic of peer-to-peer lending.  It...
CommInsure, one Australia's biggest life insurers with about 4 million policy holders, has been caught out using unscrupulous practices buried in the fine print of their contracts to deny, delay or avoid paying claims. Meet some of the key players...

George Soros – China’s Hard Landing?

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George Soros is a business magnate, investor, philanthropist, and author who is of Jewish-Hungarian ancestry and holds dual citizenship. He is chairman of Soros Fund Management. Billionaire investor says he shorted the S&P 500 index The Federal Reserve could cut interest...
MasterCard lowers its local tax bills through deals with Singapore's Government The wonderful thing about investigating multinational tax avoidance is that, despite the corporate spin and obfuscation, there is a hard number that you can always hang your hat on. No...
ANZ bank will be scrapping all fees associated with personal banking accounts as of January 1 2017, CEO Shayne Elliot told staff and shareholders today. In an email sent earlier this morning and obtained by Forward News writers, Elliot admitted...
Fast food giant McDonald’s Australia cut its tax bill by more than half in 2015 by routing payments via the low-tax nation of Singapore. McDonald’s reduces its profit, and thus its local tax bill, by using a legal loophole that...
Charis Palmer, The Conversation; Georgina Hall, The Conversation; Helen Westerman, The Conversation; Jenni Henderson, The Conversation, and Wes Mountain, The Conversation Negative gearing was one of the federal election campaign’s fiercest battlegrounds. While the Labor opposition claimed that the major beneficiaries...
The ugly story of Dick Smith, from float to failure Jeffrey Knapp, UNSW Australia Early last month, the Senate announced an inquiry with terms of reference that cover the collapse of Dick Smith Electronics. There is a lot for senators to pore...
Labor senator Sam Dastyari has warned there is something "fundamentally wrong and rotten" with Australia's entire political system, claiming there are 10 huge companies with so much power and influence they have killed proper democratic process at the federal...
Poor customer service or not responding adequately to a consumer complaint will be grounds for a business to be named and shamed online under guidelines released for the first government-backed NSW Complaints Register. About 25 to 35 brands are expected...