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European Union wasted a year not tackling crisis: IMF

IMF chief economist Olivier Blanchard says 2011 was a year of missed opportunities to reverse the economic crisis in Europe.

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US, European stocks slip

News from the world’s major stock markets

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Aussie shares jump 2.1%

Australian shares break their losing streak but investors question hopes for a long-awaited Christmas rally.

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Economic growth to slow below trend, says Westpac

The outlook for economic growth has fallen back below trend, a survey shows - although the pace of current activity is slightly ahead of its long-term trend.

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Transurban to upgrade M5

Transurban has confirmed NSW government will go ahead with major upgrade of M5 toll road in Sydney's south west.

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Vodafone warned over leak

Communications watchdog puts Vodafone on notice over the telco's leaking of personal customer details earlier this year.

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