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Australian Test cricket captain Michael Clarke has defended his onfield stoush with English paceman, Jimmy Anderson, during the final moments of the first Ashes Test. During a period of vicious short-pitched bowling, Clarke told Anderson to expect a broken arm as he prepared to face fast bowler Mitchell Johnson. In the post-match analysis, England's captain Alastair Cook said he was prepared to accept 'war' on the fi... Source: abc.net.au
The Japanese camera manufacturer Olympus has admitted it covered up massive investment losses for decades with accounting tricks. Olympus' share price has plummeted on the news and its executives could face criminal charges.
Westpac Bank has announced an 85 per cent increase in profit, telling shareholders this morning it had made $6.35 billion in the past 12 months. There was no word on whether Westpac would follow the Commonwealth Bank's move and raise interest rates above the Federal Reserve's official rate hike.