Insurer Aviva posts huge 2012 loss

BRITISH insurer Aviva says it tumbled into a net loss of STG3.0 billion ($A4.4 billion) last year and slashed its shareholder dividend, sparking a slump in the group's share price. The loss after tax, owing mainly to a massive writedown following...

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US trade gap widens in January

THE US trade deficit grew sharply in January after a plunge in December, government figures show. The Commerce Department reported the trade gap rose to $US44.4 billion ($A43.5 billion), up from a revised $US38.1 billion in December. Exports...

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Employers must modernise workplace: ACTU

EMPLOYERS must modernise workplaces and make conditions more flexible to help single mothers and carers stay in their jobs, the ACTU says. Friday is International Women's Day and Australian Council of Trade Unions (ACTU) President Ged Kearney...

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US stocks open higher after Dow record

US stocks have opened higher after central banks in Europe, Britain, Japan and Brazil held off from further loosening already accommodative monetary policies despite facing weak growth. Five minutes into trade on Thursday, the Dow Jones Industrial...

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Berlusconi sentenced to jail over wiretaps

AN Italian court has sentenced former prime minister Silvio Berlusconi to a year in prison over the publication of leaked transcripts from a police wiretap in a newspaper he owns. Berlusconi, who faces two more verdicts this month for tax fraud...

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UN orders new North Korea sanctions

THE UN Security Council has imposed new sanctions against North Korea amid escalating tensions as the North threatens a pre-emptive nuclear strike against the United States. The council unanimously passed a resolution, agreed by the United States...

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Malaysia incursion toll rises to 60

MALAYSIA says clashes between intruding Filipino militants and its security forces have left 60 people dead, as it rejected a ceasefire offer from the fighters' leader. Police chief Ismail Omar said 32 followers of a self-proclaimed Philippine...

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