shortfall

TELSTRA has been accused by unions of "swindling" up to 20,000 staff on individual employment contracts by cutting their take-home pay and using the money to cover a shortfall in superannuation contributions.

Monday major equity indices finished mixed, but this could also be viewed positively considering last week's stellar advances, and considering the surprise earnings shortfall reported by Bank of America before the market opened.

Australia posted its second-largest trade deficit on record in January as imports rose and floods disrupted exports of coal.

The shortfall widened to 2.72 billion Australian dollars ($2.5 billion) from a revised 1.94 billion in December, the Bureau of Statistics said.

Australia posted its second-largest trade deficit on record in January as imports rose and floods disrupted exports of coal.

The shortfall widened to 2.72 billion Australian dollars ($2.5 billion) from a revised 1.94 billion in December, the Bureau of Statistics said.