Finance News, Tuesday 1st February 2011
IGA stores in WA join milk price war
Independent grocers in Western Australia are joining the so called milk price war- despite the likely impact on farmers.IGA stores across the State will be selling branded milk at 1 per litre ... ...Tue 1st February 2011 - 11:47pm
Healthy Murray-Darling worth 10 billion
The Australian Conservation Foundation says the benefits of a healthy Murray-Darling Basin can be valued at almost 10 billion a year to the national economy.The foundation used data prepared by the CSIRO ... ...Tue 1st February 2011 - 11:31pm
Australia shares up 1.1 pct early cyclone awaited
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares up 1.1 pct early cyclone awaited ...Tue 1st February 2011 - 11:25pm
South West set to capture carbon emissions
The Department of Mines and Petroleum says the States first on-shore carbon capture and storage facility could be up and running within four years.The Collie Hub would capture six million tonnes of ... ...Tue 1st February 2011 - 11:22pm
Manufacturing boosts global markets
Global stocks surged overnight- as investors focused on strong economic data rather than the civil unrest in the Middle East.On Wall Street- the Dow Jones Industrial Average closed up 148.23 points to ... ...Tue 1st February 2011 - 11:15pm
Newlyweds taking off for a honeymonth
Newlyweds are turning their backs on the traditional fortnight honeymoon break in favour of an extended trip of a lifetime abroad or honeymonth- a survey suggests.A third 34 per ... ...Tue 1st February 2011 - 11:13pm
Tower positive ahead of change
Life insurer Tower Australia Group Ltd says a shifting economic and regulatory environment will make the year ahead interesting.Tower Australia chairman Rob Thomas told shareholders at the ... ...Tue 1st February 2011 - 11:07pm
Collie proposed to host first carbon capture facility
The Department of Mines and Petroleum says the States first on-shore carbon capture and storage facility could be up and running within four years.The Collie Hub would capture six million tonnes of ... ...Tue 1st February 2011 - 11:00pm
Australia shares seen rising- eyes on cyclone Yasi
MARKETS-AUSTRALIA-STOCKS-Australia shares seen rising- eyes on cyclone Yasi ...Tue 1st February 2011 - 10:38pm
Cougar puzzled by UCG site closure
Cougar Energy says it cannot understand why the Queensland Government shut down its underground coal gasification UCG site on environmental grounds when breaches have occurred at coal seam gas projects.The ... ...Tue 1st February 2011 - 10:32pm
PaperlinX to move CEO to UK
PaperlinX Ltd will move its chief executive to the paper sellers operational headquarters in the UK and close its office in Amsterdam to cut costs and simplify its corporate structure.The closure ... ...Tue 1st February 2011 - 10:18pm
Cyclone may force coal ships to Gladstone
The Port of Gladstone in central Queensland is operating as normal- despite category five Cyclone Yasi racing towards the states north coast.Coal ports further north have closed and the Gladstone ... ...Tue 1st February 2011 - 10:18pm
The Economy- RBA Steady For The Moment
The Reserve Bank is not worried about any short term impact on growth and inflation flowing from the impact of the floods in various states in the past few months. In fact Governor Glenn Stevens went out ... ...Tue 1st February 2011 - 10:11pm
Business- Confidence Hit By Floods- But Still Conditions Solid
As expected business confidence fell in December as concern about the floods in Queensland pushed it to its first negative reading in more than 18 months. Business conditions also fell sharply in Queensland ... ...Tue 1st February 2011 - 10:10pm
Housing- House Prices Enjoyed Solid 2010
The outlook for housing in 2011 may be cloudy- according to surveys from the NAB and the ANZ last week- but figures for 2010 show that they enjoyed a solid rise across the country. Figures from the Australian ... ...Tue 1st February 2011 - 10:09pm
China- Manufacturing- Inflation Still Solid
Well the two monthly surveys of Chinese manufacturing again had good and bad news yesterday. The good is that manufacturing is still solid- the bad is that inflationary concerns remain at the forefront ... ...Tue 1st February 2011 - 10:05pm
Mining- New 150 million Mine for Broken Hill
Unlisted miner- CBH Resources says it has received final NSW Government approval to develop the Rasp silver- zinc and lead project at Broken Hill in far western NSW. CBH- which was taken over by Toho Zinc ... ...Tue 1st February 2011 - 10:04pm
Bank takes over music company EMI
US banking firm Citigroup has taken control of recording label EMI- after it failed to pay bank loans. The label owns artists including the Beatles- Lily Allen and Kylie Minogue. EMI was bought in 2007 ... ...Tue 1st February 2011 - 09:54pm
Healthy Murray-Darling worth 10 billion
The Australian Conservation Foundation says the benefits of a healthy Murray-Darling Basin can be valued at almost 10 billion a year to the national economy.The foundation used data prepared by the CSIRO ... ...Tue 1st February 2011 - 09:52pm
Healthy Murray-Darling worth 10 billion
The Australian Conservation Foundation says the benefits of a healthy Murray-Darling Basin can be valued at almost 10 billion a year to the national economy.The foundation used data prepared by the CSIRO ... ...Tue 1st February 2011 - 09:50pm
Miner on track for magnetite exports
Mining giant Xstrata has completed a new magnetite base plant at its Ernest Henry mine near Cloncurry in north-west Queensland. The company is planning to be the first in Queensland to export magnetite ... ...Tue 1st February 2011 - 09:32pm
Healthy Murray-Darling worth 10 billion
The Australian Conservation Foundation says the benefits of a healthy Murray-Darling Basin can be valued at almost 10 billion a year to the national economy.The foundation used data prepared by the CSIRO ... ...Tue 1st February 2011 - 09:27pm
Murdochs iPad newspaper launches
News Corps Rupert Murdoch is to unveil The Daily on Wednesday- a digital newspaper for the iPad- the tablet computer the media tycoon has said may be the saviour of the struggling news ... ...Tue 1st February 2011 - 09:25pm
Calls for power price action now
Tasmanias peak business body wants the State Government to immediately introduce more competition for the states smaller energy users.The Government says it will introduce greater competition ... ...Tue 1st February 2011 - 09:17pm
Calls for power price action now
Tasmanias peak business body wants the State Government to immediately introduce more competition for the states smaller energy users.The Government says it will introduce greater competition ... ...Tue 1st February 2011 - 09:07pm
NRMA survey reveals Hunters worst roads
The NRMA says motorists think the Pacific Highway is worst road in New South Wales.Thousands of people took part in a survey to nominate their most frustrating section of road.In the Hunter the worst section ... ...Tue 1st February 2011 - 08:35pm
NRMA survey reveals Hunters worst roads
The NRMA says motorists think the Pacific Highway is worst road in New South Wales.Thousands of people took part in a survey to nominate their most frustrating section of road.In the Hunter the worst section ... ...Tue 1st February 2011 - 08:34pm
BP resumes dividend payouts
BP PLC outlined plans to rebound from the Gulf of Mexico disaster as a smaller- safer company - selling off almost half its US refinery business - and restored its dividend payment to shareholders as it ... ...Tue 1st February 2011 - 08:23pm
Newcastle shipbuilder closes floating dock
Ship repairer Forgacs says the closure of its Newcastle Floating dock with the loss of some jobs- is only temporary until it can win more work.Forgacs blames its unsuccessful bid for work on two Australian ... ...Tue 1st February 2011 - 08:22pm
NZ government rejects GST hike
New Zealands government has ruled out implementing a treasury committees proposal to lift GST to 17.5 per cent.A government working committee says New Zealand needs to urgently boost its savings ... ...Tue 1st February 2011 - 08:15pm
IMF says ready to help Egypt- others in tr
The IMF on Tuesday said it was ready to help riot-torn Egypt and other nations stricken by chronic unemployment- but told governments to tackle economic strains or risk instability and even war.International ... ...Tue 1st February 2011 - 08:13pm
Healthy Murray-Darling worth 10 billion
The Australian Conservation Foundation says the benefits of a healthy Murray-Darling Basin can be valued at almost 10 billion a year to the national economy.The foundation used data prepared by the CSIRO ... ...Tue 1st February 2011 - 08:13pm
US auto sales jump in January
In a further sign of the auto industrys recovery- General Motors- Ford and Chrysler posted double digit gains in January US auto sales on Tuesday.January is a seasonally slow month- but we believe ... ...Tue 1st February 2011 - 06:42pm
Dow closes over 12-000 for first time since June 2008
The Dow Jones Industrial Average closed above 12-000 for the first time in two and a half years Tuesday as US stocks shrugged off Egypts turmoil and jumped on positive corporate earnings.All major ... ...Tue 1st February 2011 - 12:19pm
Toyota offers buyouts to US white-collar workers
Japanese automaker said Tuesday it has offered a buyout package to white-collar workers in the United States.This voluntary program is part of an ongoing process of evaluating our operations and ... ...Tue 1st February 2011 - 11:56am
Dow closes over 12-000 for first time since June 2008
US stocks surged Tuesday after positive earnings reports- pushing the Dow Jones Industrial Average to a close above 12-000 for the first time since June 19- 2008.The blue-chip Dow leaped 1.25 percent 148.23 ... ...Tue 1st February 2011 - 11:17am
Londons Brent crude tops 102 a barrel
Crude oil prices closed mixed Tuesday- with Londons benchmark contract surging past 102 a barrel as investors worried about Egypts unrest and possible Suez Canal supply disruptions.New Yorks ... ...Tue 1st February 2011 - 10:54am
Murdochs iPad newspaper launches Wednesday
News Corp.s Rupert Murdoch is to unveil The Daily on Wednesday- a digital newspaper for the iPad- the tablet computer the media tycoon has said may be the savior of the struggling news ... ...Tue 1st February 2011 - 10:43am
Gunns buys Bell Bay sawmill
The Tasmanian timber giant- Gunns Limited- has finalised the 48 million purchase of a sawmill at Bell Bay in the states north.Gunns bought the mill from Forest Enterprises Australia- which went into ... ...Tue 1st February 2011 - 09:55am
House price hike defies expectations
Homes in capital cities rose in value at the end of last year- up 0.7 per cent for the quarter- defying economists expectations of a fall. Australian Bureau of Statistics ABS figures show prices ... ...Tue 1st February 2011 - 09:44am
US auto sales jump by double digits in January
In a further sign of the auto industrys recovery- General Motors- Ford- Chrysler and Toyota posted double digit gains Tuesday in January US auto sales.January is a seasonally slow month- but ... ...Tue 1st February 2011 - 09:36am
Losses mount as Argentine grain strike expands
One week into a crippling strike at Argentinas main soy and grain export harbor- unions announced Tuesday an extension of the work stoppage that has left a million tons of food exports idle on docks.The ... ...Tue 1st February 2011 - 09:35am
Frenchman sues Glaxo for drug that made him gay sex addict
A French father-of-two on Tuesday took GlaxoSmithKline to court- alleging that the British firms drug to treat Parkinsons disease turned him into a gay sex and gambling addict.The 51-year-old ... ...Tue 1st February 2011 - 09:20am
US auto sales jump in January for GM- Chrysler- Ford
In a further sign of the auto industrys recovery- General Motors- Ford and Chrysler posted double digit gains in January US auto sales Tuesday.January is a seasonally slow month- but we believe ... ...Tue 1st February 2011 - 09:15am
Student bus concerns
Tasmanias non government schools are reassuring parents that there will be transport for students when school resumes on Thursday. The State Government says the decision by some non government schools ... ...Tue 1st February 2011 - 09:14am
BP resumes dividends despite loss in 2010
BP will resume paying dividends for the first time since the Gulf of Mexico well disaster.The oil company reported a 30 per cent gain in fourth-quarter profits but it fell short of reversing a full-year ... ...Tue 1st February 2011 - 08:59am
Miners spent 20m to sabotage tax
The mining industry spent more than 20 million fighting the Governments resources rent tax before last years federal election according to figures released by the Australian Electoral Commission.The ... ...Tue 1st February 2011 - 08:23am
Anti-tax campaign cost miners 20m
The mining industry spent more than 20 million fighting the Governments resources rent tax before last years federal election according to figures released by the Australian Electoral Commission.The ... ...Tue 1st February 2011 - 08:22am
BP says makes 4.9bln annual loss
BP has posted a loss of US4.914 billion A4.94 billion for 2010- the groups first annual shortfall since 1992- and raised its estimate of costs arising from the Gulf of Mexico oil spill to US40.9 ... ...Tue 1st February 2011 - 08:20am
US manufacturing sees bumper January
US manufacturing grew at an accelerated pace in January- sustaining an 18th straight month of expansion to underpin the US economic recovery- a survey released Tuesday said.The Institute for Supply Managements ... ...Tue 1st February 2011 - 08:16am
GM to assemble Chevrolets with Russias GAZ- companies
General Motors- the United States biggest carmaker and long-time partner of Russias top but ailing Avtovaz auto giant- said on Tuesday it had agreed to assemble cars together with Russias ... ...Tue 1st February 2011 - 08:12am
BP says makes 4.9bln annual loss
BP has posted a loss of US4.914 billion A4.94 billion for 2010- the groups first annual shortfall since 1992- and raised its estimate of costs arising from the Gulf of Mexico oil spill to US40.9 ... ...Tue 1st February 2011 - 08:05am
Oil price holds above 101
Brent crude rose on Tuesday- holding above 101 on fears that worsening turmoil in Egypt could disrupt supply flows through the strategic Suez Canal- analysts said.Brent North Sea crude for delivery in ... ...Tue 1st February 2011 - 07:59am
Anti-tax campaign cost miners 20m
The mining industry spent more than 20 million fighting the Governments resources rent tax before last years federal election according to figures released by the Australian Electoral Commission.The ... ...Tue 1st February 2011 - 07:49am
BP logs first annual loss since 1992 on oil spill disaster
Crisis-hit BP reported its first annual loss in almost two decades on Tuesday- as a result of the Gulf of Mexico oil spill disaster- and outlined fresh plans to shift focus away from the United States.BP ... ...Tue 1st February 2011 - 07:25am
IMF chief warns imbalances dangerous
Widening imbalances across and within countries are sparking tensions which threaten to derail the fragile global economic recovery- the IMF chief says.Dominique Strauss-Kahn- managing director of the ... ...Tue 1st February 2011 - 07:19am
Canadian woman loses arm to Mexico shark
A Canadian woman has lost an arm and suffered serious leg injuries in a shark attack while swimming just off the beach in the resort city of Cancun- local media reports.A female shark attacked and ... ...Tue 1st February 2011 - 07:14am
Floods unlikely to douse rate hikes
It may have been the worst natural disaster Australia has ever suffered- but this summers floods are unlikely to alter the course of interest rates.Borrowing costs will still head higher later this ... ...Tue 1st February 2011 - 07:13am
Floods unlikely to douse rate hikes
It may have been the worst natural disaster Australia has ever suffered- but this summers floods are unlikely to alter the course of interest rates.Borrowing costs will still head higher later this ... ...Tue 1st February 2011 - 06:56am
Canadian tourist loses arm to Mexican shar
A Canadian woman has lost an arm and suffered serious leg injuries in a shark attack while swimming just off the beach in the resort city of Cancun- local media reports.A female shark attacked and ... ...Tue 1st February 2011 - 06:32am
Murdochs iPad newspaper to be launched
News Corp.s Rupert Murdoch is to unveil The Daily on Wednesday- a digital newspaper for the iPad- the tablet computer the media tycoon has said may be the savior of the struggling news ... ...Tue 1st February 2011 - 06:32am
Westpoint investors to recoup losses
Investors who lost money in collapse of the Westpoint Group will get some money back from KPMG as part of a settlement reached with the corporate regulator. KPMG was the auditor of the property finance ... ...Tue 1st February 2011 - 06:27am
Australia shares end flat little change after RBA holds rates
MARKETS-AUSTRALIA-STOCKS UPDATE 5-Australia shares end flat little change after RBA holds rates ...Tue 1st February 2011 - 06:21am
Westpoint investors to recoup losses
Investors who lost money in collapse of the Westpoint Group will get some money back from KPMG as part of a settlement reached with the corporate regulator. KPMG was the auditor of the property finance ... ...Tue 1st February 2011 - 06:20am
Nominations of EU financial regulators stalled
The European Parliament postponed Tuesday the nominations of chairmen for three new pan-European financial watchdogs created to prevent crises- demanding guarantees they will be strong- independent institutions.Euro ... ...Tue 1st February 2011 - 06:14am
China growth to keep underpinning economy
The Australian economy is set to continue its strong growth this year through its ties to China- with a bonus of a recovery in the US economy- says a leading finance analyst.ANZ chief economist Warren ... ...Tue 1st February 2011 - 06:14am
Pfizer quadruples profit- predicts tough year
Pharmaceutical giant Pfizer announced bumper profits for the final quarter of 2010 Tuesday- but predicted tough challenges ahead as it moved to cut staff and research spending.The worlds largest drugmaker ... ...Tue 1st February 2011 - 06:00am
KMPG- Westpoint directors action settled
The corporate watchdog has settled out of court in its proceedings against several directors of collapsed property development group Westpoint Group and its auditor KPMG.The Australian Securities and Investments ... ...Tue 1st February 2011 - 05:54am
Interest rate hikes likely later in 2011
Low inflation and floods helped spare borrowers a February rate rise but economists say high terms of trade could force a series of hikes later in the year.The Reserve Bank of Australia RBA on Tuesday ... ...Tue 1st February 2011 - 05:51am
Industry set to be hit by Yasi
Up to half of Australias sugar crop could be lost and north Queensland banana growers are set for more hardship as tropical cyclone Yasi nears the coast.With the cyclone expected to hit on Thursday ... ...Tue 1st February 2011 - 05:49am
Australia shares end flat little change after RBA holds rates
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares end flat little change after RBA holds rates ...Tue 1st February 2011 - 05:47am
Problematic Defence projects get the chop
Defence Minister Stephen Smith today announced a shake-up of some of the nations biggest Defence assets.Among the projects which are being scrapped or reviewed are the LCM2000 landing craft project- ... ...Tue 1st February 2011 - 05:43am
Egypt chaos pushes oil prices up
The unrest in Egypt is pushing a key oil benchmark above US100 for the first time since the global financial crisis.Although Egypt is not a major oil producer- investors say they are concerned the unrest ... ...Tue 1st February 2011 - 05:40am
Brisbane ferry terminals under repair
The Brisbane City Council says 10 of its 24 ferry terminals could be operational by the end of the month.Between 70 million and 100 million worth of damage was caused to the network by last months ... ...Tue 1st February 2011 - 05:15am
House price hike defies expectations
Homes in capital cities rose in value at the end of last year- up 0.7 per cent for the quarter- defying economists expectations of a fall. Australian Bureau of Statistics ABS figures show prices ... ...Tue 1st February 2011 - 05:14am
Industry set to be hit by Yasi
Up to half of Australias sugar crop could be lost and north Queensland banana growers are set for more hardship as tropical cyclone Yasi nears the coast.With the cyclone expected to hit on Thursday ... ...Tue 1st February 2011 - 04:58am
More rate hikes likely later in 2011
Low inflation and flooding in Queensland may have spared borrowers a February rate rise but economists say there will be a series of hikes later in the year.The Reserve Bank of Australia RBA on Tuesday ... ...Tue 1st February 2011 - 04:32am
More rate hikes likely later in 2011
Low inflation and flooding in Queensland may have spared borrowers a February rate rise but economists say there will be a series of hikes later in the year.The Reserve Bank of Australia RBA on Tuesday ... ...Tue 1st February 2011 - 04:12am
Pfizer quadruples profit- predicts tough year
Pharmaceutical giant Pfizer said Tuesday it quadrupled profit in the final quarter of 2010- boosted by its acquisition of Wyeth- but predicted tough challenges this year.Pfizer- the worlds largest ... ...Tue 1st February 2011 - 04:10am
Rates unchanged on low inflation- floods
The central bank spared borrowers an interest rate rise- leaving the cash rate at 4.75 per cent in a widely expected move.The Reserve Bank of Australias RBA board on Tuesday cited low inflation ... ...Tue 1st February 2011 - 04:07am
More rate hikes likely later in 2011
Low inflation and flooding in Queensland may have spared borrowers a February rate rise but economists say there will be a series of hikes later in the year.The Reserve Bank of Australia RBA on Tuesday ... ...Tue 1st February 2011 - 04:05am
More rate hikes likely later in 2011
Low inflation and flooding in Queensland may have spared borrowers a February rate rise but economists say there will be a series of hikes later in the year.The Reserve Bank of Australia RBA on Tuesday ... ...Tue 1st February 2011 - 04:01am
RBA rates statement - full text
Statement by Glenn Stevens- governor- monetary policy decisionAt its meeting today- the Board decided to leave the cash rate unchanged at 4.75 per cent.Global output grew strongly in 2010- notwithstanding ... ...Tue 1st February 2011 - 03:56am
Rates unchanged on low inflation- floods
The central bank spared borrowers an interest rate rise- leaving the cash rate at 4.75 per cent in a widely expected move.The Reserve Bank of Australias RBA board on Tuesday cited low inflation ... ...Tue 1st February 2011 - 03:47am
ASIC reaches Westpoint compo settlement
Corporate regulator ASIC says it has agreed to a settlement in a compensation suit brought on behalf of investors who lost money in the collapse of property finance group Westpoint.The settlement of up ... ...Tue 1st February 2011 - 03:45am
RBA rates statement - full text
Statement by Glenn Stevens- governor- monetary policy decisionAt its meeting today- the Board decided to leave the cash rate unchanged at 4.75 per cent.Global output grew strongly in 2010- notwithstanding ... ...Tue 1st February 2011 - 03:40am
Business confidence collapsed in Dec- NAB
Business confidence collapsed in December 2010 to an almost two-year low as the nation braced itself for the extreme weather that left Queensland devastated- National Australia Bank NAB says.But the ... ...Tue 1st February 2011 - 03:20am
Problematic Defence projects get the chop
Defence Minister Stephen Smith today announced a shake-up of some of the nations biggest Defence assets.Among the projects which are being scrapped or reviewed are the LCM2000 landing craft project- ... ...Tue 1st February 2011 - 03:09am
Problematic Defence projects get the chop
Defence Minister Stephen Smith today announced a shake-up of some of the nations biggest Defence assets.Among the projects which are being scrapped or reviewed are the LCM2000 landing craft project- ... ...Tue 1st February 2011 - 03:08am
Court decision pending on Kimberley gas hub
Woodsides plans to clear 25 hectares of native vegetation for a planned Kimberley gas hub remain on hold- while the Supreme Court decides if it is legal.The Department of Environment and Conservation ... ...Tue 1st February 2011 - 03:00am
Problematic Defence projects get the chop
Defence Minister Stephen Smith today announced a shake-up of some of the nations biggest Defence assets.Among the projects which are being scrapped or reviewed are the LCM2000 landing craft project- ... ...Tue 1st February 2011 - 02:56am
Cougar will challenge UCG ruling
Cougar Energy says it will appeal against a State Government decision to permanently shut down its undergroung coal gasification UCG project in the South Burnett in southern Queensland.The Kingaroy trial ... ...Tue 1st February 2011 - 02:51am
Cougar contemplates UCG challenge
Cougar Energy says it will appeal against a State Government decision to permanently shut down its undergroung coal gasification UCG project in the South Burnett in southern Queensland.The Kingaroy trial ... ...Tue 1st February 2011 - 02:47am
Airline adds flights out of FNQ
Jetstar has announced extra flights from Cairns in far north Queensland to Brisbane and Sydney.The airline had sold out of flights by this morning to the southern centres.Spokesman Simon Westaway says ... ...Tue 1st February 2011 - 02:44am
House prices better than expected
House prices rose marginally in the December quarter but showed continued weakness in Brisbane and Perth- economists say.The Australian Bureau of Statistics ABS said on Tuesday that its house price index ... ...Tue 1st February 2011 - 02:37am
ASIC reaches Westpoint compo settlement
Corporate regulator ASIC says it has agreed to a settlement in a compensation suit brought on behalf of investors who lost money in the collapse of property finance group Westpoint.The settlement of up ... ...Tue 1st February 2011 - 02:36am
Problematic Defence projects get the chop
Defence Minister Stephen Smith today announced a shake-up of some of the nations biggest Defence assets.Among the projects which are being scrapped or reviewed are the LCM2000 landing craft project- ... ...Tue 1st February 2011 - 02:33am
Pacific Adventurer oil spill case goes to trial
A Brisbane jury will decide whether the shipping companies blamed for one of the largest oil spills off the Queensland coast can defend allegations poor maintenance caused the spill. Filipino national ... ...Tue 1st February 2011 - 02:31am
Pacific Adventurer oil spill case goes to trial
A Brisbane jury will decide whether the shipping companies blamed for one of the largest oil spills off the Queensland coast can defend allegations poor maintenance caused the spill. Filipino national ... ...Tue 1st February 2011 - 02:29am
Miners and unions among top election donors
The latest electoral funding figures show mining companies donated heavily to the Coalition- while the unions gave large amounts to Labor.Minerals and resources companies were the biggest donors to the ... ...Tue 1st February 2011 - 02:21am
Can infrastructure cope with another boom- report
A new report by Access Economics has questioned whether Australian infrastructure will be able to cope with another resources boom.Access Economics Investment Monitor has revealed more than 290 billion ... ...Tue 1st February 2011 - 02:16am
Mackay airport still open- flights packed
The Mackay Airport in north Queensland will remain open until wind speeds increase. Manager of aviation at the airport Phil Clarke says they are monitoring the situation. Currently were on stage ... ...Tue 1st February 2011 - 02:12am
Adelaide city smoking ban considered
Adelaide City Council is considering banning smoking in the citys main shopping mall based on advice that its by-laws allow that.The council passed a motion- which was based on a submission from the ... ...Tue 1st February 2011 - 02:09am
Cougar contemplates UCG challenge
Cougar Energy says it is considering challenging a State Government decision to shut down its Kingaroy underground coal gasification UCG plant in southern Queensland. The Government last week called ... ...Tue 1st February 2011 - 01:51am
Business confidence- conditions dip
Business conditions continued to remain weak in the December quarter but firms expect an improvement in the first quarter of 2011- a business lobby group says.The Commonwealth Bank-Australian Chamber of ... ...Tue 1st February 2011 - 01:38am
WA remains Australias biggest exporter
New figures show Western Australia is still the countrys biggest exporter- accounting for one third of total shipments last financial year. Income from the States exports rose to 89 billion- ... ...Tue 1st February 2011 - 01:13am
Cairns airport prepares to close ahead of Yasi
The Cairns airport in far north Queensland could close as early as tomorrow morning ahead of Tropical Cyclone Yasi.The cyclone is expected to pack winds of up to 280 kilometres per hour when it hits the ... ...Tue 1st February 2011 - 01:06am
QR National suspends some operations
Australias largest rail freight company- QR National Ltd- has suspended operations on two coal lines in Queensland in preparation for the impact of tropical Cyclone Yasi.The company ceased operations ... ...Tue 1st February 2011 - 12:47am
House price index up 0.7 in Dec qtr
The Australian house price index rose 0.7 per cent in the December quarter- official data showed.This compared with a downwardly revised 0.3 per cent fall in the September quarter.In the year to September- ... ...Tue 1st February 2011 - 12:32am
Business confidence collapsed in Dec- NAB
Business confidence collapsed in December 2010 to an almost two-year low as the nation prepared for the extreme weather that left Queensland devastated- National Australia Bank NAB says.But the NAB Monthly ... ...Tue 1st February 2011 - 12:31am
WA businesses hit hard from skills shortage
Research by Bankwest indicates 40 per cent of businesses in Western Australia and Queensland are being affected by skills shortages.The Chief Executive of Bankwest Business Ian Corfield says the shortages ... ...Tue 1st February 2011 - 12:14am
WA business hit hard from skills shortage
Research by Bankwest indicates 40 per cent of businesses in Western Australia and Queensland are being affected by skills shortages.The Chief Executive of Bankwest Business Ian Corfield says the shortages ... ...Tue 1st February 2011 - 12:13am
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