Finance News, Tuesday 8th February 2011
Webjet posts fall in half year profit
Online travel agency Webjet Ltd says half year net profit fell 3.2 per cent- with current profit levels expected to continue through the remainder of the year.Webjet posted net profit for the half year ... ...Tue 8th February 2011 - 11:50pm
Consumer sentiment rebounds- Westpac
Consumer sentiment has rebounded in February after it fell in January in response to the Queensland floods- a survey shows.The Westpac-Melbourne Institute Index of Consumer Sentiment rose 1.9 per cent ... ...Tue 8th February 2011 - 11:41pm
MBA backs cyclone-inspired building probe
The Master Builders Association MBA says it supports a review of building standards and construction materials after Cyclone Yasi.The Australian Building Codes Board says it will look into current standards ... ...Tue 8th February 2011 - 11:37pm
Environmental campaigners to continue Alcoa fight
Environmental campaigner Erin Brockovich says lawyers will now consider pursuing legal action against Alcoa in Australia- after a U.S. court threw out their case.Led by Ms Brockovich- almost 250 locals ... ...Tue 8th February 2011 - 11:32pm
Action group demands work camp clarification
The Moranbah Action Group in north Queensland is calling on the State Government to clarify its definition of workers camps and transient accommodation in the town- south-west of Mackay.A proposal ... ...Tue 8th February 2011 - 11:30pm
Stockland FY EPS to grow 8.5
Shares in Stockland gained 3.5 per cent after the property developer said it almost doubled first-half profit and upgraded its full year earnings outlook to growth of 8.5 per cent.That would take the full ... ...Tue 8th February 2011 - 11:28pm
CBA posts 3.34 billion H1 cash profit
The Commonwealth Bank of Australia Ltd has beaten market forecasts with a 3.335 billion first half cash profit- but says credit demand remains subdued and that funding costs are still increasing.Australias ... ...Tue 8th February 2011 - 11:28pm
TMX Group talks with London Stock Exchange
TMX Group- the operator of the Toronto Stock Exchange- says it is in advanced talks to merge with the London Stock Exchange in a deal that would make it one of the worlds largest stock markets.TMX ... ...Tue 8th February 2011 - 11:23pm
Australia shares rise 0.8 percent- CBA gains
MARKETS-AUSTRALIA-STOCKS-Australia shares rise 0.8 percent- CBA gains ...Tue 8th February 2011 - 11:20pm
QR National to slash workforce
QR National will slash its workforce under a voluntary redundancy scheme- three months after it was privatised with a promise to keep jobs safe.QR National generated 4.6 billion for the Queensland government ... ...Tue 8th February 2011 - 11:15pm
Disasters will hurt Qld credit rating push
Cyclone Yasi and the recent floods will hurt Queenslands bid to regain its AAA credit rating- state Treasurer Andrew Fraser says.The Bligh governments assets sell-off was designed to help reign ... ...Tue 8th February 2011 - 11:14pm
Stockland FY EPS to grow 8.5
Stockland almost doubled first-half profit as the diversified property developer upgraded its full year earnings per security outlook to growth of 8.5 per cent.That would take the full year underlying ... ...Tue 8th February 2011 - 11:06pm
Lord Mayor backs Easter Sunday trading
Melbournes Lord Mayor Robert Doyle has supported the extension of shopping on Easter Sunday.The State Government will overturn the former Labor Governments ban on shops with more than 20 staff ... ...Tue 8th February 2011 - 11:03pm
QR National to slash workforce
QR National will slash its workforce under a voluntary redundancy scheme- three months after it was privatised with a promise to keep jobs safe.QR National generated 4.6 billion for the Queensland government ... ...Tue 8th February 2011 - 11:02pm
CBA 1H profit gains 5 to 3.05 billion
Commonwealth Bank of Australia Ltd has increased first-half profit five per cent as the countrys biggest lender says underlying credit growth remains subdued.Net profit rose to 3.052 billion for ... ...Tue 8th February 2011 - 10:57pm
Ansell confirms FY guidance
Gloves and condoms supplier Ansell Ltd has confirmed its earnings per share guidance for the full 2010-11 financial year despite more pressure from the prices of raw materials.Ansell on Wednesday booked ... ...Tue 8th February 2011 - 10:40pm
CBA 1H profit gains 5 to 3.05bln
Commonwealth Bank of Australia Ltd has increased first-half profit five per cent as the countrys biggest lender says underlying credit growth remains subdued.Net profit rose to 3.052 billion for ... ...Tue 8th February 2011 - 10:26pm
Stockland FY EPS to grow 8.5
Stockland almost doubled first-half profit as the diversified property developer upgraded its full year earnings per security outlook to growth of 8.5 per cent.That would take the full year underlying ... ...Tue 8th February 2011 - 10:18pm
Aurora solid and competitive despite losing contracts
Tasmanian electricity retailer Aurora Energy says its customer base remains strong despite losing local contracts.State-owned agencies Hydro Tasmania and Transend have confirmed they are buying some electricity ... ...Tue 8th February 2011 - 10:17pm
No date yet for pulp mill start
Tasmanian timber company Gunns says it is yet to decide on a start date for its controversial Tamar Valley pulp mill.A newspaper report has the companys chief executive Greg LEstrange saying ... ...Tue 8th February 2011 - 10:14pm
Hope remains for Babinda as sugar mill goes
The Member for Mulgrave says the closure of the Babinda Sugar Mill is bad news for the far north Queensland town but he is hopeful it will bring new opportunities.The mills owners plan to transfer ... ...Tue 8th February 2011 - 10:11pm
Aurora solid and competitive despite losing contracts
Tasmanian electricity retailer Aurora Energy says its customer base remains strong despite losing local contracts.State-owned agencies Hydro Tasmania and Transend have confirmed they are buying some electricity ... ...Tue 8th February 2011 - 10:09pm
Report scathing of nuclear reactor safety
A confidential report into Australias only nuclear reactor has made a damning assessment of its safety practices and called for a complete overhaul of its radio pharmaceutical operations.The report- ... ...Tue 8th February 2011 - 10:07pm
Aurora solid and competitive despite losing contracts
Tasmanian electricity retailer Aurora Energy says its customer base remains strong despite losing local contracts.State-owned agencies Hydro Tasmania and Transend have confirmed they are buying some electricity ... ...Tue 8th February 2011 - 10:04pm
Carbon emissions on track to soar
The Federal Government has released new figures showing carbon emissions are expected to increase sharply under current arrangements.The latest modelling shows emissions are on track to rise 24 per cent ... ...Tue 8th February 2011 - 10:03pm
Hope remains for Babinda as sugar mill goes
The Member for Mulgrave says the closure of the Babinda Sugar Mill is bad news for the far north Queensland town but he is hopeful it will bring new opportunities.The mills owners plan to transfer ... ...Tue 8th February 2011 - 09:56pm
QR National to slash workforce
QR National will slash its workforce under a voluntary redundancy scheme- three months after it was privatised with a promise to keep jobs safe.QR National generated 4.6 billion for the Queensland government ... ...Tue 8th February 2011 - 09:47pm
CBA 1H profit gains 5 to 3.05bln
Commonwealth Bank of Australia Ltd has increased first-half profit five per cent as the countrys biggest lender says underlying credit growth remains subdued.Net profit rose to 3.052 billion for ... ...Tue 8th February 2011 - 09:46pm
CBA 1H profit gains 5 to 3.05bln
Commonwealth Bank of Australia Ltd has increased first-half profit five per cent as the countrys biggest lender says underlying credit growth remains subdued.Net profit rose to 3.052 billion for ... ...Tue 8th February 2011 - 09:33pm
Safety fears plague smart meters
The Electrical Trades Union ETU has criticised the industry regulator- Energy Safe- claiming it is allowing unqualified subcontractors to install smart meters in Victoria.The union says many of the workers ... ...Tue 8th February 2011 - 08:54pm
Safety fears plague smart meters
The Electrical Trades Union ETU has criticised the industry regulator- Energy Safe- claiming it is allowing unqualified subcontractors to install smart meters in Victoria.The union says many of the workers ... ...Tue 8th February 2011 - 08:53pm
Brisbane airport named Australias best
Australias competition watchdog has again ranked Brisbane Airport as Australias best.The Australian Competition and Consumer Commissions ACCC annual report looked at the performance of ... ...Tue 8th February 2011 - 08:51pm
Work stops to allow timber protest
As many as 20 firms in the south-east of South Australia closed their doors to let their staff join a convoy to Adelaide.They joined a protest against a planned forward sale of forest timber by the South ... ...Tue 8th February 2011 - 08:45pm
Report scathing of nuclear reactor safety
A confidential report into Australias only nuclear reactor has made a damning assessment of its safety practises and called for a complete overhaul of its radio pharmaceutical operations.The report- ... ...Tue 8th February 2011 - 08:39pm
Carbon emissions on track to soar
The Federal Government has released new figures showing carbon emissions are expected to increase sharply under current arrangements.The latest modelling shows emissions are on track to rise 24 per cent ... ...Tue 8th February 2011 - 08:29pm
Report scathing of nuclear reactor safety
A confidential report into Australias only nuclear reactor has made a damning assessment of its safety practises and called for a complete overhaul of its radio pharmaceutical operations.The report- ... ...Tue 8th February 2011 - 08:02pm
Tas energy companies buy power interstate
Revelations Tasmanias energy companies are looking outside the State for better power deals has prompted an angry reaction from the State Opposition.State-owned agencies Hydro Tasmania and Transend ... ...Tue 8th February 2011 - 07:44pm
Government- No electronic flaws in Toyotas
The Obama administrations investigation into Toyota safety problems found no electronic flaws to account for reports of sudden- unintentional acceleration and other safety problems.Government investigators ... ...Tue 8th February 2011 - 07:23pm
Toyota quarterly profit slides
Toyota reported a 39 per cent slide in quarterly profit but raised its full-year forecasts as business booms in Asia and other emerging markets while image problems linger in the US.The results show a ... ...Tue 8th February 2011 - 06:44pm
China raises rates to dampen inflation
Chinas central bank raised interest rates for the second time in just over a month in a bid to dampen high inflation and guide blistering economic growth to a sustainable level.The Peoples Bank ... ...Tue 8th February 2011 - 06:38pm
Rio Tinto in 1 bn iron ore investments in
Mining giant Rio Tinto announced on Tuesday that it will invest more than US1 billion A988.88 million at the groups existing iron ore operations in Australia and Canada.Rio Tinto has approved ... ...Tue 8th February 2011 - 06:33pm
Report scathing of nuclear reactor safety
A confidential report into Australias only nuclear reactor has made a damning assessment of its safety practises and called for a complete overhaul of its radio pharmaceutical operations.The report- ... ...Tue 8th February 2011 - 01:24pm
Report scathing of nuclear reactor safety
A confidential report into Australias only nuclear reactor has made a damning assessment of its safety practises and called for a complete overhaul of its radio pharmaceutical operations.The report- ... ...Tue 8th February 2011 - 01:21pm
Facebook moving to sprawling Silicon Valley campus
Facebook on Tuesday announced plans to move its fast-growing operations to a sprawling Silicon Valley campus once home to Sun Microsystems.Facebook- which turned seven years old this month- has seen its ... ...Tue 8th February 2011 - 11:53am
Landlords profiteering in cyclone-ravaged Tully
Residents in the cyclone-devastated town of Tully in far north Queensland are angry that landlords are trying to raise rents and exploit the reduced availability of homes.Authorities say up to 40 per cent ... ...Tue 8th February 2011 - 11:08am
US Toyota probe finds no electronic flaws
The US government Tuesday said electronic flaws were not to blame for cases of unintended acceleration in Toyota vehicles- which had forced the Japanese automaker to recall eight million cars.Toyotas ... ...Tue 8th February 2011 - 11:07am
Landlords profiteering in cyclone-ravaged Tully
Residents in the cyclone-devastated town of Tully in far north Queensland are angry that landlords are trying to raise rents and exploit the reduced availability of homes.Authorities say up to 40 per cent ... ...Tue 8th February 2011 - 10:54am
Landlords profiteering in cyclone-ravaged Tully
Residents in the cyclone-devastated town of Tully in far north Queensland are angry that landlords are trying to raise rents and exploit the reduced availability of homes.Authorities say up to 40 per cent ... ...Tue 8th February 2011 - 10:51am
Landlords profiteering in cyclone-ravaged Tully
Residents in the cyclone-devastated town of Tully in far north Queensland are angry that landlords are trying to raise rents and exploit the reduced availability of homes.Authorities say up to 40 per cent ... ...Tue 8th February 2011 - 10:24am
Tasmania not on most itineraries
New figures released by the Bureau of Statistics show Tasmania is not high on the priority list for short-term visitors to Australia.The figures for December last year show only one per cent of short-stay ... ...Tue 8th February 2011 - 09:55am
US Toyota probe finds no electronic flaws- report
A US government probe into safety problems at Japanese automaker Toyota found no electronic flaws to account for reports of sudden- unintentional acceleration- officials said Tuesday.The investigation- ... ...Tue 8th February 2011 - 09:44am
US Toyota probe finds no electronic flaws- report
A US government probe into safety problems at Japanese automaker Toyota found no electronic flaws to account for reports of sudden- unintentional acceleration- officials said Tuesday.The investigation- ... ...Tue 8th February 2011 - 09:41am
Extraordinary eurozone summit for mid-March
Leaders of the 17-nation eurozone are to hold a special summit in mid-March to draft a plan of action to avoid a replay of the debt crises that shook the single currency last year.The 17 heads of state ... ...Tue 8th February 2011 - 09:35am
US Toyota probe finds no electronic flaws- report
A US government probe into safety problems at Japanese automaker Toyota found no electronic flaws to account for reports of sudden- unintentional acceleration- officials said Tuesday.The investigation- ... ...Tue 8th February 2011 - 09:23am
World Social Forum sees launch of anti-tax haven campaign
Civil society groups at the World Social Forum here launched a campaign Tuesday to end financial secrecy in tax havens by multinationals they say deprive developing countries of enormous sums of money.Very ... ...Tue 8th February 2011 - 08:43am
Xstrata boosts profit sevenfold
Anglo-Swiss mining group Xstrata has reported a sevenfold increase in annual net profit in 2010 as it rode the forecast boom in commodities markets and prices.Net profit reached US4.69 billion A4.64 ... ...Tue 8th February 2011 - 08:42am
VW- union pay deal sets ground for others
Auto giant Volkswagen has agreed a 3.2 percent wage hike with Germanys top trade union IG Metall- setting a benchmark for Europes biggest economy as it pursues a solid rebound.VW- Europes ... ...Tue 8th February 2011 - 08:17am
Campaign against tax havens launched at World Social Forum
Civil society groups at the World Social Forum here launched an international campaign Tuesday to push members of the G20 group of leading economies to end financial secrecy in tax havens.We want ... ...Tue 8th February 2011 - 08:00am
Price hike gesture helps banana farmers
It took just two days for the price of bananas to jump in supermarkets after Cyclone Yasi hit- but the early price rise is the result of a gesture from the major chains to help farmers recover. Coles and ... ...Tue 8th February 2011 - 07:47am
Brent oil price falls under 98 after China rate hike
Brent crude oil fell under 98 on Tuesday as investor sentiment was hit by the outlook for demand in China after Beijing hiked interest rates again to cool its booming economy.The price then recovered- ... ...Tue 8th February 2011 - 07:46am
Judge finds Firepower shares sold illegally
The Federal Court has found that a company owned by the Perth property tycoon- Warren Anderson- illegally sold shares in the fuel technology company- Firepower.Firepower collapsed in 2008 owing shareholders ... ...Tue 8th February 2011 - 07:30am
Egypt revolt takes toll on economy
Egypts popular revolt has opened up new political perspectives for the biggest country in the Middle East but dealt the economy a serious blow- scaring off tourists and foreign investors alike.The ... ...Tue 8th February 2011 - 07:29am
Price hike gesture helps banana farmers
It took just two days for the price of bananas to jump in supermarkets after Cyclone Yasi hit- but the early price rise is the result of a gesture from the major chains to help farmers recover. Coles and ... ...Tue 8th February 2011 - 07:27am
Anglo Irish Bank expects record loss of 17.6 billion euros
State-rescued Anglo Irish Bank on Tuesday said it expected to report a loss of 17.6 billion euros 24 billion for 2010- which would be a record for an Irish company.The forecast follows another ... ...Tue 8th February 2011 - 07:25am
Unemployment to remain at 5 - AAP survey
Queenslands floods are expected to have only a modest impact on job figures- with economists tipping the unemployment rate to remain at five per cent in January.The median forecast for the unemployment ... ...Tue 8th February 2011 - 07:10am
Eurozone leaders to meet on March 13 on debt
Leaders of the 17-nation eurozone are to hold a special summit March 13 to finalise efforts to avoid new debt crises- a diplomatic source told AFP on Tuesday.Its not confirmed officially yet ... ...Tue 8th February 2011 - 06:54am
Judge finds Firepower shares sold illegally
The Federal Court has found that a company owned by the Perth property tycoon- Warren Anderson- illegally sold shares in the fuel technology company- Firepower.Firepower collapsed in 2008 owing shareholders ... ...Tue 8th February 2011 - 06:53am
Unemployment to remain at 5 - AAP survey
Queenslands floods are expected to have only a modest impact on job figures- with economists tipping the unemployment rate to remain at five per cent in January.The median forecast for the unemployment ... ...Tue 8th February 2011 - 06:39am
Rio Tinto in 1 bn Australia- Canada iron ore plan
Mining giant Rio Tinto announced Tuesday that it will invest more than one billion dollars at the groups existing iron ore operations in Australia and Canada.Rio Tinto has approved a 933-million ... ...Tue 8th February 2011 - 06:35am
Australia shares up as banks gain Macquarie springs off lows
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares up as banks gain Macquarie springs off lows ...Tue 8th February 2011 - 06:19am
Bank- miner gains offset slipping retailers
A solid trading update from the National Australia Bank lifted the financial sector in the local share market- offsetting a profit downgrade from Macquarie Group.NAB made an unaudited cash profit for the ... ...Tue 8th February 2011 - 06:18am
NAB earnings rise boosts bank sector
National Australia Bank Ltd NAB has posted an 18 per cent rise in first quarter cash earnings- but warns floods and cyclones in Queensland may delay a rebound in business credit demand.NAB reported unaudited ... ...Tue 8th February 2011 - 06:17am
Spains key tourism sector sheds jobs
Unemployment in Spains struggling tourism industry- a key sector of the countrys battered economy- edged higher last year- the government said Tuesday.Joblessness in the sector rose to 15.7 percent ... ...Tue 8th February 2011 - 06:11am
Judge finds Firepower shares sold illegally
The Federal Court has found that a company owned by the Perth property tycoon- Warren Anderson- illegally sold shares in the fuel technology company- Firepower.Firepower collapsed in 2008 owing shareholders ... ...Tue 8th February 2011 - 06:05am
Volkswagen- IG Metall agree 3.2 pay rise
Auto giant Volkswagen has agreed a 3.2 percent wage hike with Germanys top trade union IG Metall- setting a benchmark for Europes biggest economy as it pursues a solid rebound.VW- Europes ... ...Tue 8th February 2011 - 06:00am
Judge finds Firepower shares sold illegally
The Federal Court has found that a company owned by the Perth property tycoon- Warren Anderson- illegally sold shares in the fuel technology company- Firepower.Firepower collapsed in 2008 owing shareholders ... ...Tue 8th February 2011 - 06:00am
ConocoPhilips sells out of Russia
US oil major ConocoPhilips has sold its remaining stake in Lukoil- Russias largest privately-owned producer said Tuesday- bringing a formal to its seven-year involvement in Russia.Lukoil said on September ... ...Tue 8th February 2011 - 05:59am
NAB earnings rise boosts bank sector
National Australia Bank Ltd NAB has posted an 18 per cent rise in first quarter cash earnings- but warns floods and cyclones in Queensland may delay a rebound in business credit demand.NAB reported unaudited ... ...Tue 8th February 2011 - 05:49am
Macquarie FY result to fall 9.5 per cent
Investment bank Macquarie Group Ltd has forecast the equivalent of a 9.5 per cent decline in full year profit as equity market volumes remain subdued.Macquarie says second half earnings will decline five ... ...Tue 8th February 2011 - 05:41am
Cochlear lifts H1 net profit by 16
Hearing implant provider Cochlear Ltd says it is well positioned for growth- after lifting net profit for the first half of the 2010-11 financial year by 16 per cent.Cochlear on Tuesday reported a first ... ...Tue 8th February 2011 - 05:39am
Bradken slips as result disappoints market
Disappointed investors have dumped shares in Bradken Ltd- with the stock slumping six per cent by early afternoon- after the mining and rail equipment makers first half results came in below market ... ...Tue 8th February 2011 - 05:37am
Floods- cyclone to batter growth figures- Swan
Federal Treasurer Wayne Swan says economic growth in the March quarter is likely to be battered by the twin impacts of the floods and Cyclone Yasi.The damage to crops is expected to cause a spike in food ... ...Tue 8th February 2011 - 05:36am
Australia shares rise to 9-month high as NAB leads bank rally
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares rise to 9-month high as NAB leads bank rally ...Tue 8th February 2011 - 05:26am
Anglo Irish Bank set to lose 17.6 bln euros
State-rescued Anglo Irish Bank said on Tuesday that it expects to report a loss of 17.6 billion euros 24 billion for 2010.The forecast follows another exceptionally difficult twelve month period ... ...Tue 8th February 2011 - 04:52am
Android tops iPhone in US- comScore
Googles Android has surged past Apples iPhone last quarter and is closing in on the Blackberry as the most popular smartphone platform in the United States- market tracking firm comScore said ... ...Tue 8th February 2011 - 04:39am
Qld floods hit business conditions- NAB
Business conditions tumbled in January 2011 because of the Queensland and Victorian floods- a survey shows.The National Australia Bank NAB monthly survey found business conditions fell in January to ... ...Tue 8th February 2011 - 04:25am
Business owners not rattled by floods
Business owners say they are upbeat about the outlook for their companies despite trading conditions being sharply affected by the summers floods.The latest monthly National Australia Bank business ... ...Tue 8th February 2011 - 04:13am
Work stops to allow timber protest
As many as 20 firms in the south-east of South Australia closed their doors to let their staff join a convoy to Adelaide.They joined a protest against a planned forward sale of forest timber by the South ... ...Tue 8th February 2011 - 04:12am
Telenor upbeat on 2011 as profit soars
Norwegian telecoms operator Telenor on Tuesday reported soaring profits for 2010- despite a slight dip in the fourth quarter- and said it expects the good results to continue this year.For 2010- Telenors ... ...Tue 8th February 2011 - 04:08am
WA super scheme to merge with Australias largest
The WA-based superannuation provider Westscheme will merge with Australias largest industry fund- AustralianSuper.The change means AustralianSuper will have 1.7 million members and more than 40 billion ... ...Tue 8th February 2011 - 04:06am
Anglo Irish Bank expects loss of 17.6 bn for 2010
Bailed out Anglo Irish Bank said on Tuesday that it expects to report a loss of 17.6 billion euros 24 billion for 2010.The forecast follows another exceptionally difficult twelve month period ... ...Tue 8th February 2011 - 04:03am
VW- IG Metall union agree 3.2 pay rise
Europes biggest carmaker- Volkswagen- said Tuesday it has agreed a 3.2 percent wage hike with Germanys top trade union IG Metall- setting a key benchmark for the country as its economy booms.VW ... ...Tue 8th February 2011 - 03:51am
Floods- cyclone to batter growth figures- Swan
Federal Treasurer Wayne Swan says economic growth in the March quarter is likely to be battered by the twin impacts of the floods and Cyclone Yasi.The damage to crops is expected to cause a spike in food ... ...Tue 8th February 2011 - 03:44am
Cochlear lifts H1 net profit by 16
Hearing implant provider Cochlear Ltd says it is well positioned for growth- after lifting net profit for the first half of the 2010-11 financial year by 16 per cent.Cochlear on Tuesday reported a first ... ...Tue 8th February 2011 - 03:42am
Work stops to allow timber protest
As many as 20 firms in the south-east of South Australia closed their doors to let their staff join a convoy to Adelaide.They joined a protest against a planned forward sale of forest timber by the South ... ...Tue 8th February 2011 - 03:41am
Macquarie FY result to fall 9.5 per cent
Investment bank Macquarie Group Ltd has forecast the equivalent of a 9.5 per cent decline in full year profit as equity market volumes remain subdued.Macquarie says second half earnings will decline five ... ...Tue 8th February 2011 - 03:37am
Cochlear lifts H1 net profit by 16
Hearing implant provider Cochlear Ltd says it is well positioned for growth- after lifting net profit for the first half of the 2010-11 financial year by 16 per cent.Cochlear on Tuesday reported a first ... ...Tue 8th February 2011 - 03:35am
Brisbane airport named Australias best
Australias competition watchdog has again ranked Brisbane Airport as Australias best.The Australian Competition and Consumer Commissions ACCC annual report looked at the performance of ... ...Tue 8th February 2011 - 03:03am
Sugar mill to close in blow to cyclone town
The far north Queensland community of Babinda survived Cyclone Yasi- but is now reeling after news the towns sugar mill will be closed down.Workers at the historic Babinda Sugar Mill were told this ... ...Tue 8th February 2011 - 03:01am
EU institutions ordered to cut spending
The EUs main institutions- from its parliament to the court of justice- have been ordered to cut spending in line with national austerity policies across Europe- a document obtained by AFP Tuesday ... ...Tue 8th February 2011 - 02:54am
UBS returns to full year profit- outlook mixed
Swiss bank UBS on Tuesday posted a largely expected annual profit in 2010 for the first time since the financial crisis- with full year net income of 7.2 billion Swiss francs 5.5 billion euros.The result ... ...Tue 8th February 2011 - 02:31am
European stocks rattled by China rate hike
Europes stock markets struggled Tuesday on fresh concerns that a new Chinese interest rate hike could dampen the Asian tigers impressive economic growth- dealers said.The news took the shine ... ...Tue 8th February 2011 - 02:25am
Sugar mill to close in blow to cyclone town
The far north Queensland community of Babinda survived Cyclone Yasi- but is now reeling after news the towns sugar mill will be closed down.Workers at the historic Babinda Sugar Mill were told this ... ...Tue 8th February 2011 - 02:24am
Sugar mill to close in blow to cyclone town
The far north Queensland community of Babinda survived Cyclone Yasi- but is now reeling after news the towns sugar mill will be closed down.Workers at the historic Babinda Sugar Mill were told this ... ...Tue 8th February 2011 - 02:20am
Bradken slips as result disappoints market
Disappointed investors have dumped shares in Bradken Ltd- with the stock slumping six per cent by early afternoon- after the mining and rail equipment makers first half results came in below market ... ...Tue 8th February 2011 - 02:08am
Sugar mill jobs in doubt
The owners of the Babinda Sugar Mill in far north Queensland say it is no longer viable and they are considering closing it- putting more than 60 jobs at risk.Bundaberg Sugar was due to transfer the mills ... ...Tue 8th February 2011 - 02:00am
Mining boom to continue- Treasury official
Strong demand for Australias coal and iron ore from Asian heavyweights China and India is expected to continue for at least the next 15 years.But this doesnt mean the mining sector is going to ... ...Tue 8th February 2011 - 01:44am
Industry welcomes food marketing push
South Australias food industry has welcomed the inclusion of a food marketing portfolio in the new Rann ministry.It is one of the roles given to the new Deputy Premier John Rau.The deputy chair of ... ...Tue 8th February 2011 - 01:09am
Better times ahead for business lending
Small businesses can expect better lending conditions as the economy strengthens- the Reserve Bank says.In a submission to a Senate inquiry into access to finance for small and medium-sized businesses- ... ...Tue 8th February 2011 - 12:47am
Australia shares propelled as NAB lifts banks Macquarie off
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares propelled as NAB lifts banks Macquarie off ...Tue 8th February 2011 - 12:43am
Floods- cyclone to batter growth figures- Swan
Federal Treasurer Wayne Swan says economic growth in the March quarter is likely to be battered by the twin impacts of the floods and Cyclone Yasi.The damage to crops is expected to cause a spike in food ... ...Tue 8th February 2011 - 12:42am
Qld floods hit business conditions- GDP
Business conditions tumbled in January 2011 due to the Queensland and Victorian floods- a survey shows.The National Australia Bank NAB monthly survey showed business conditions fell in January to levels ... ...Tue 8th February 2011 - 12:34am
Retailers urged to get help
Tasmanias Premier- Lara Giddings- has pointed to programs within a Government department to help struggling businesses.The Retail Traders Association wants the Government to hold a summit to ... ...Tue 8th February 2011 - 12:32am
Car giants cry foul over green fund cuts
When the Government announced it was axing 400 million in the Green Car Innovation Fund to help pay for the flood recovery- the industry described it as an unwelcome surprise.The 6.2 billion fund was ... ...Tue 8th February 2011 - 12:29am
Car giants cry foul over green fund cuts
When the Government announced it was axing 400 million in the Green Car Innovation Fund to help pay for the flood recovery- the industry described it as an unwelcome surprise.The 6.2 billion fund was ... ...Tue 8th February 2011 - 12:26am
Building standards under review after cyclone
The Australian Building Codes Board ABCB says there will be a review of building standards for homes and businesses in cyclone-prone areas in Queensland as a result of Cyclone Yasi. The ABCB says the ... ...Tue 8th February 2011 - 12:21am
Car giants cry foul over green fund cuts
When the Government announced it was axing 400 million in the Green Car Innovation Fund to help pay for the flood recovery- the industry described it as an unwelcome surprise.The 6.2 billion fund was ... ...Tue 8th February 2011 - 12:13am
Cougar Energy hires firm to find investors
Pricewaterhouse Coopers has been hired to secure more investment in- or the sale of- southern Queensland coal gasification company Cougar Energy.Cougars pilot plant at Kingaroy in the South Burnett ... ...Tue 8th February 2011 - 12:09am
Pearl farming to begin again in WAs Pilbara
Pearl farming is being revived in Western Australias Pilbara region with the first farm opening next month. Pearl farming- which still thrives in the Kimberley- was abandoned in the Pilbara by the ... ...Tue 8th February 2011 - 12:07am
NAB shares up after Q111 earnings rise.
National Australia Bank Ltd shares gained more than two per cent after the bank reported an increase in first quarter cash earnings on Tuesday.NAB said its unaudited cash earnings in the three months to ... ...Tue 8th February 2011 - 12:02am
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