Philippines swimming in rice
THE world's biggest rice importer, the Philippines, is now "swimming" in the staple grain because of massive imports.
Kiwi iPhone launch labelled 'epic fail'
HUNDREDS of New Zealand customers turned away empty-handed in  "nightmare" Apple iPhone 4 launch.
Telstra hit with $170m impairment charge
TELSTRA says it will incur a non-cash impairment charge of $170 million on the carrying value of its Hong Kong-based mobile phone telco CSL New World.
Dollar ends week on a high
THE dollar closed higher on today ahead of expected weak economic data from the United States.
Shares close lower on broad falls
THE sharemarket has suffered broad-based falls, as investors offload risk ahead of the weekend.
'Playing more sport boosts economy'
THE Australian economy could be $12 billion a year better off if more people played sport, a national conference has been told.
Timberlake brings sexy back at Target
SEXY Back singer Justin Timberlake is launching an exclusive clothing line for US department store Target.
Brothers in $612m insider trading case
BILLIONAIRE brothers made $612 million during 13-years of insider trading, US authorities say.
Lawsuit seeks $33m from Madoff family
A TRUSTEE trying to recover billions of dollars lost by Bernard Madoff sued three entities overnight for more than $33 million.
Mobile broadband to skyrocket - experts
THE uptake of mobile broadband will surge over the next five years, experts say.