Finance News, Tuesday 29th March 2011
Qantas cuts staff- flights to counter fuel price hit
Qantas will reduce international and domestic capacity- retire aircraft- reduce management positions and maintain fuel surcharges in an effort to offset soaring fuel prices.The airlines chief executive ... ...Tue 29th March 2011 - 11:55pm
Qantas cuts staff- flights to counter fuel price hit
Qantas will reduce international and domestic capacity- retire aircraft- reduce management positions and maintain fuel surcharges in an effort to offset soaring fuel prices.The airlines chief executive ... ...Tue 29th March 2011 - 11:53pm
Qantas to reduce capacity on fuel cost
Qantas Airways Ltd has announced a raft of cost-cutting measures including reducing capacity in response to rising fuel costs.Qantas chief executive Alan Joyce said the measures included reductions in ... ...Tue 29th March 2011 - 11:40pm
Qantas cuts staff- flights to counter fuel price hit
Qantas will reduce international and domestic capacity- retire aircraft- reduce management positions and maintain fuel surcharges in an effort to offset soaring fuel prices.The airlines chief executive ... ...Tue 29th March 2011 - 11:37pm
Riversdale shares re-start ASX trade
Shares in Riversdale Mining Ltd gained 1.6 per cent after they recommenced trading on Wednesday- after suitor Rio Tinto Ltd said it would waive the minimum acceptance conditions attached to its takeover ... ...Tue 29th March 2011 - 11:34pm
Qantas cuts staff- flights to counter fuel price hit
Qantas will reduce international and domestic capacity- retire aircraft- reduce management positions and maintain fuel surcharges in an effort to offset soaring fuel prices.The airlines chief executive ... ...Tue 29th March 2011 - 11:31pm
Australia shares up 0.6 pct- resources lead in light trade
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares up 0.6 pct- resources lead in light trade ...Tue 29th March 2011 - 11:26pm
Qantas to reduce capacity on fuel cost
Qantas Airways Ltd has announced a raft of cost-cutting measures including reducing capacity in response to rising fuel costs.Qantas chief executive Alan Joyce said the measures included reductions in ... ...Tue 29th March 2011 - 11:18pm
Riversdale shares re-start ASX trade
Shares in Riversdale Mining Ltd will recommence trading on the Australian stock exchange on Wednesday- after suitor Rio Tinto Ltd said it would waive the minimum acceptance conditions attached to its takeover ... ...Tue 29th March 2011 - 10:46pm
Planned coal mine targets exports to India
The Australian Trade Commission says a planned coal mine in the Kimberley could generate strong interest from India because of the projects proximity.Rey Resources is planning to mine coal near the ... ...Tue 29th March 2011 - 10:37pm
Sea urchins- from pest to plate
One of Tasmanias worst marine pests- the long-spined sea urchin- is being exported to Japan as a delicacy.Thirty-five tonnes of the urchin were harvested last year- as part of plans to manage the ... ...Tue 29th March 2011 - 10:34pm
Report questions mill viability
An updated independent report released by the Australian Greens has questioned the financial viability of Gunns proposed Tamar Valley pulp mill.It is a revised version of a report released four years ... ...Tue 29th March 2011 - 10:30pm
Minister rejects log export breach
Tasmanias Forestry Minister has dismissed Liberal suggestions Forestry Tasmania may breach the Forestry Act if it exports pine logs.Liberal spokesman Peter Gutwein says the logs should be sent to ... ...Tue 29th March 2011 - 10:29pm
Investors shrug off weak consumer figures
US stocks have risen- despite a sign consumers have been unnerved by rising petrol prices and falling home prices.A closely watched consumer confidence index dropped 8.6 points to 63.4 from February to ... ...Tue 29th March 2011 - 10:02pm
US house prices still in freefall
House prices in the United States have sunk to new lows- dashing hopes of a sustained recovery in a key pillar of the overall economy.Home prices in 20 major American cities fell for the seventh month ... ...Tue 29th March 2011 - 09:00pm
Struggling Belarus devalues currency
Belarus effectively devalued its ruble by 10 per cent in a bid to ease pressure on its shrinking foreign exchange reserves and strained public finances.Moodys Investors Service meanwhile downgraded ... ...Tue 29th March 2011 - 08:48pm
Japan on maximum alert over nuclear plan
Japan said it was on maximum alert over a crippled nuclear plant where radioactive water has halted repair work and plutonium has been found in the soil.The earthquake and tsunami that ravaged ... ...Tue 29th March 2011 - 08:46pm
US Supreme Court hears landmark sexism case
The Supreme Court began hearing a bid by Wal-Mart to stop as many as 1.5 million female workers from achieving class-action status in the largest sexual discrimination case in US history.Rejection would ... ...Tue 29th March 2011 - 03:21pm
Qantas cuts staff and flights amid problems
Australias flag carrier Qantas said Wednesday it would slash capacity and management jobs to cope with the impact of rising fuel costs and a series of natural disasters.The significant and sustained ... ...Tue 29th March 2011 - 02:58pm
Amazon puts music in the cloud
Beating Apple and Google to the punch- Amazon unveiled a service on Tuesday that allows users to store their digital music online and play it on a computer or an Android device.With Cloud Drive and Cloud ... ...Tue 29th March 2011 - 12:17pm
US Supreme Court hears landmark sexism case
The Supreme Court began hearing Tuesday a bid by Wal-Mart to stop as many as 1.5 million female workers from achieving class-action status in the largest sexual discrimination case in US history.Rejection ... ...Tue 29th March 2011 - 11:03am
Insider trade trial hears of cheating for edge
Wall Streets most sensational insider trading trial in years heard Tuesday how a former trusted colleague of the accused secretly cheated to reap a lot of money for their firm.Adam Smith- ... ...Tue 29th March 2011 - 10:34am
Worlds poorest nations fall back in wealth- UN
Most of the worlds poorest countries got richer over the past decade but are falling further back in the global wealth ranks- a UN report said Tuesday.At least 37 of the worlds poorest 48 nations ... ...Tue 29th March 2011 - 10:17am
Standard -amp Poors downgrades Portugal- Greece
Standard -amp Poors downgraded its credit ratings on struggling Greece and Portugal on Tuesday- saying that investors in their bonds could lose out under the terms of a new eurozone bailout system.S-ampP ... ...Tue 29th March 2011 - 09:33am
Coles remains defiant in milk war
Supermarket giants Coles and Woolworths have appeared before a Senate inquiry in Canberra to explain their ongoing milk war. Two months ago Coles slashed the price of milk to 1 per litre for its generic ... ...Tue 29th March 2011 - 09:16am
Cost of world disasters tripled in 2010
The global cost of natural and man-made disasters more than tripled in 2010 to US218 billion A213.12 billion- reinsurer Swiss Re said- with the human toll the highest for decades.Swiss Res chief ... ...Tue 29th March 2011 - 09:02am
Prices will rise- with or without tax- Garnaut
Professor Ross Garnaut says a price rise from a carbon tax will be small compared to the recent surge in power prices because of an over-investment in electricity networks. The Federal Governments ... ...Tue 29th March 2011 - 09:00am
Japan on nuclear alert as crisis deepens
Japan says the government is on maximum alert over a crippled nuclear plant where highly radioactive water has halted repair work and plutonium has been found in the soil.The earthquake and ... ...Tue 29th March 2011 - 08:53am
Prices will rise- with or without tax- Garnaut
Professor Ross Garnaut says a price rise from a carbon tax will be small compared to the recent surge in power prices because of an over-investment in electricity networks. The Federal Governments ... ...Tue 29th March 2011 - 08:51am
UK economy shrinks 0.5 pct
Britains economy shrank 0.5 per cent in the fourth quarter of 2010- revised official data showed on Tuesday.The Office for National Statistics last month estimated that it had contracted by 0.6 percent.... ...Tue 29th March 2011 - 08:50am
Carbon tax impact dwarfed by recent spikes- Garnaut
Professor Ross Garnaut says a price rise from a carbon tax will be small compared to the recent surge in power prices because of an over-investment in electricity networks. The Federal Governments ... ...Tue 29th March 2011 - 08:50am
Coles remains defiant in milk war
Supermarket giants Coles and Woolworths have appeared before a Senate inquiry in Canberra to explain their ongoing milk war. Two months ago Coles slashed the price of milk to 1 per litre for its generic ... ...Tue 29th March 2011 - 08:42am
UBI Banca capital increase puts Italian banks under pressure
Italian bank shares fell sharply Tuesday after UBI Banca announced an unexpected 1 billion euro 1.4 billion capital increase ahead of new global capital rules and bank stress tests next month.Following ... ...Tue 29th March 2011 - 08:31am
Carbon tax impact dwarfed by recent spikes- Garnaut
Professor Ross Garnaut says a price rise from a carbon tax will be small compared to the recent surge in power prices because of an over-investment in electricity networks. The Federal Governments ... ...Tue 29th March 2011 - 08:26am
Sarkozy to decide on fate of Areva chief within days
President Nicolas Sarkozy will decide within days about the leadership of French nuclear group Areva- a government source said Tuesday- amid mounting speculation that Anne Lauvergeon will keep the top ... ...Tue 29th March 2011 - 08:25am
Versace suffers loss in 2010 but beats own forecast
Italys Versace luxury group said Tuesday it suffered a net loss in 2010 in the face of a restructuring plan but beat its own forecasts and banks on returning to profit this year.As expected- ... ...Tue 29th March 2011 - 08:22am
Cost of disasters tripled in 2010-Swiss Re
The global cost of natural and man-made disasters more than tripled in 2010 to US218 billion A212.14 billion- leading reinsurer Swiss Re said.The cost to the global insurance industry was more ... ...Tue 29th March 2011 - 08:13am
New home sales up by 0.6 in Feb- HIA says
The number of new homes sold across Australia remained little changed in February and may suggest a weak year to come- a survey shows.The latest Housing Industry Association HIA-JELD-WEN New Home Sales ... ...Tue 29th March 2011 - 08:07am
US Supreme Court hears Wal-Mart class-action case
The Supreme Court began considering Tuesday a bid by Wal-Mart to stop as many as 1.5 million female workers from proceeding with the largest discrimination class-action lawsuit in US history.If the bid ... ...Tue 29th March 2011 - 08:04am
No hope in sight on US home prices- S-ampP
Standard -amp Poors said Monday there was little promise for an upturn in US home values after their national price index fell again in January.The S-ampP-Case-Shiller index for 20 main US cities fell by ... ...Tue 29th March 2011 - 08:04am
BATS Global Markets to launch US stock listings
BATS Global Markets said Tuesday it plans to launch a stocks listing service in the United States this year- competing head-to-head with the New York Stock Exchange and Nasdaq exchanges.The Missouri-based ... ...Tue 29th March 2011 - 07:55am
Standard -amp Poors downgrades Portugal- Greece
Standard -amp Poors downgraded its credit ratings on struggling Greece and Portugal on Tuesday- saying that investors in their bonds could lose out under the terms of a new eurozone bailout system.S-ampP ... ...Tue 29th March 2011 - 07:53am
Rio drops acceptance level for Riversdale
Rio Tinto Ltd has waived the minimum acceptance level for its US4 billion A3.91 billion takeover bid for South Africa-focused coal miner Riversdale Mining Ltd.Rio Tinto late on Tuesday said it had ... ...Tue 29th March 2011 - 07:46am
Bid to ban cloned foods in Europe collapses
An effort to ban cloned foods from supermarket shelves in Europe collapsed Tuesday after EU states and the parliament failed to agree a law to control the industry.Although both sides agree on banning ... ...Tue 29th March 2011 - 07:31am
Abbott open to backing Labors tax cut
The Opposition appears likely to support the Governments proposed company tax cut in the face of threats by the Greens to torpedo the measure.The 1 per cent cut is part of the mining tax package that ... ...Tue 29th March 2011 - 07:04am
Abbott open to supporting Labors tax cut
The Opposition appears likely to support the Governments proposed company tax cut in the face of threats by the Greens to torpedo the measure.The 1 per cent cut is part of the mining tax package that ... ...Tue 29th March 2011 - 06:54am
Global- US growth to ease in 2012
Global growth will ease in 2012 but the United States will avoid a recession even as it increases taxes and cuts public spending- according to global economist David Hale.Global gross domestic product ... ...Tue 29th March 2011 - 06:46am
Share market up on resource gains
Local investors turned their fortunes around at around midday today- pouring money back into resource stocks and lifting the share market out of the red. The All Ordinaries climbed 19 points to close at ... ...Tue 29th March 2011 - 06:40am
Share market up on resource gains
Local investors turned their fortunes around at around midday today- pouring money back into resource stocks and lifting the share market out of the red. The All Ordinaries climbed 19 points to close at ... ...Tue 29th March 2011 - 06:39am
Carbon tax impact dwarfed by recent spikes- Garnaut
The Federal Governments chief climate change adviser says electricity price rises due to a carbon tax will be small compared with recent price surges. Ross Garnaut says the average family can expect ... ...Tue 29th March 2011 - 06:38am
Rio in apparent Riversdale breakthrough
Rio Tinto Ltd appears to have convinced a major shareholder in Riversdale Mining Ltd to accept the mining giants US4 billion A3.91 billion takeover offer for Riversdale- a South Africa-focused ... ...Tue 29th March 2011 - 06:26am
Abbott open to supporting Labors tax cut
The Opposition appears likely to support the Governments proposed company tax cut in the face of threats by the Greens to torpedo the measure.The 1 per cent cut is part of the mining tax package that ... ...Tue 29th March 2011 - 06:23am
Abbott open to supporting Labors tax cut
The Opposition appears likely to support the Governments proposed company tax cut in the face of threats by the Greens to torpedo the measure.The 1 per cent cut is part of the mining tax package that ... ...Tue 29th March 2011 - 06:21am
Saudis and oil key to global economy
The fate of the worlds economy and financial markets lies with Saudi Arabias political stability and the price of oil over the next three months.Thats according to independent economist ... ...Tue 29th March 2011 - 06:17am
Japan on maximum alert over nuclear leak
Japan said on Tuesday the government is on maximum alert over a crippled nuclear plant where highly radioactive water has halted repair work and plutonium has been found in the soil.The earthquake ... ...Tue 29th March 2011 - 06:12am
Abbott open to supporting Labors tax cut
The Opposition appears likely to support the Governments proposed company tax cut in the face of threats by the Greens to torpedo the measure.The 1 per cent cut is part of the mining tax package that ... ...Tue 29th March 2011 - 06:11am
European stocks drift lower
European stock markets dropped Tuesday as traders digested mixed economic and corporate data from across the region.Londons benchmark FTSE 100 index fell 0.30 percent to 5-886.63 points in midday ... ...Tue 29th March 2011 - 06:06am
Hong Kongs Hutchison Whampoa profits jump 47
Hong Kong billionaire Li Ka-shings Hutchison Whampoa said Tuesday its profit jumped 47 percent in 2010- after a turnaround in its loss-making 3G telecom operations.The port-to-telecoms conglomerate ... ...Tue 29th March 2011 - 06:00am
Rio drops 50 condition of Riversdale
Rio Tinto Ltd has waived the last remaining condition of its US4 billion A3.91 billion takeover offer for coal miner Riversdale Mining Ltd- a minimum acceptance level of 50 per cent.Rio Tinto currently ... ...Tue 29th March 2011 - 05:56am
Japan govt mulls nationalising TEPCO- report
Japan on Tuesday said nationalising the beleaguered operator of the stricken Fukushima Daiichi nuclear plant was an option but denied it had immediate plans to do so.Tokyo Electric Power Co. ... ...Tue 29th March 2011 - 05:54am
Woolies says milk war not good in long term
A Senate inquiry has heard dairy farmers may suffer lower returns from the milk they produce as a result of the current price war between Coles and Woolworths.Coles dropped its price for home brand milk ... ...Tue 29th March 2011 - 05:53am
Strong cash flow prompts JBs buyback
JB Hi-Fi Ltds strong cash flow has prompted it to buy back as much as 10 per cent of its shares- driving the companys stock price higher despite a reduction in guidance.Shares in the electronics ... ...Tue 29th March 2011 - 05:52am
US giant GE buys French group Converteam
US giant conglomerate GE said Tuesday it was acquiring French group Converteam- which specialises in electrification and automation equipment- for 3.2 billion 2.27 billion euros.GE said in a statement ... ...Tue 29th March 2011 - 05:52am
German rail co. suspends work on giant project
Germanys state-owned rail company said Tuesday it would temporarily suspend work on a contentious rail project following a Green party victory at the weekend in the ventures home state.Deutsche ... ...Tue 29th March 2011 - 05:17am
Australia shares gain 0.5 pct to 3-week high
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares gain 0.5 pct to 3-week high ...Tue 29th March 2011 - 05:17am
Sensis says revenue will continue to fall
Telstra Corporation Ltds directories arm- Sensis- says revenue will fall for the next three years but it plans to address a slide in print advertising with a greater array of digital products.While ... ...Tue 29th March 2011 - 05:11am
Woolies says milk war not good in long term
A Senate inquiry has heard dairy farmers may suffer lower returns from the milk they produce as a result of the current price war between Coles and Woolworths.Coles dropped its price for home brand milk ... ...Tue 29th March 2011 - 04:44am
Energy chiefs defend power prices
Aurora Energy has defended rising power prices saying Tasmania sits in the middle of the pack compared to other states.Aurora CEO Dr Peter Davis says while there has been controversy surrounding ... ...Tue 29th March 2011 - 04:42am
Woollies says milk war not good in long term
A Senate inquiry has heard dairy farmers may suffer lower returns from the milk they produce as a result of the current price war between Coles and Woolworths.Coles dropped its price for home brand milk ... ...Tue 29th March 2011 - 03:37am
ARTC will duplicate Liverpool Ranges rail line
The long wait for a decision on how to increase rail freight movements from the New England North West to the port of Newcastle is finally over.The Australian Rail Track Corporation has announced it will ... ...Tue 29th March 2011 - 03:35am
Clock stopped on Shells application for Ningaloo
The federal Environment Minister is asking for more information from the petroleum company Shell about its plans for an exploration well less than 50 kilometres from Ningaloo Reef marine park.The park ... ...Tue 29th March 2011 - 02:43am
Trains to Freo shut down over Easter
The City of Fremantle says it was not consulted when the Public Transport Authority decided to close the local train line for the Easter long weekend. The Fremantle line will be closed for three days from ... ...Tue 29th March 2011 - 02:28am
Trains to Freo shut down over Easter
The City of Fremantle has criticised a move to close down the train line to the port city on the Easter long weekend. The Public Transport Authority has confirmed it will close the Fremantle train line ... ...Tue 29th March 2011 - 02:09am
New home sales up by 0.6 in Feb- HIA says
The number of new homes sold across Australia remained little changed in February and may suggest a weak year to come- a survey shows.The latest Housing Industry Association HIA-JELD-WEN New Home Sales ... ...Tue 29th March 2011 - 01:52am
ARTC approves Liverpool Ranges rail line
The long wait for a decision on how to increase rail freight movements from the New England North West to the port of Newcastle is finally over.The Australian Rail Track Corporation has announced it will ... ...Tue 29th March 2011 - 01:44am
New home sales stagnate
The Housing Industry Association says new home sales remain stagnant- rising 0.6 per cent in February.HIA figures show- while the there was a 1.5 per cent rise in sales of detached houses- unit sales fell ... ...Tue 29th March 2011 - 01:38am
New home sales stagnate
The Housing Industry Association says new home sales remain stagnant- rising 0.6 per cent in February. HIA figures show- while the there was a 1.5 per cent rise in sale of detached houses- unit sales fell ... ...Tue 29th March 2011 - 01:34am
Euro advances further on Trichet comments
The euro rose against the dollar on Tuesday after European Central Bank president Jean-Claude Trichet dropped another hint about a possible hike to eurozone interest rates next month.In London late morning ... ...Tue 29th March 2011 - 01:26am
Energy chiefs defend power prices
Aurora Energy has defended rising power prices saying Tasmania sits in the middle of the pack compared to other states.Aurora CEO Dr Peter Davis says while there has been controversy surrounding rising ... ...Tue 29th March 2011 - 01:22am
Bid to ban cloned foods in Europe collapses
An effort to ban cloned foods from supermarket shelves in Europe collapsed on Tuesday after EU states and the parliament failed to agree a law to control the industry.Although both sides agree on banning ... ...Tue 29th March 2011 - 01:16am
New home sales stagnate
The Housing Industry Association says new home sales remain stagnant- rising 0.6 per cent in February. HIA figures show- while the there was a 1.5 per cent rise in sale of detached houses- unit sales fell ... ...Tue 29th March 2011 - 01:14am
Greens stance threatens to derail mining tax
The Government has pledged to press on with a cut to company tax despite opposition from the Greens that threatens to derail the Governments mining tax strategy.The mining tax- negotiated between ... ...Tue 29th March 2011 - 01:09am
More radioactive water at Japan plant
Workers have discovered new pools of radioactive water leaking from Japans crippled nuclear plant that officials believe are behind soaring levels of radiation spreading to soil and seawater.Crews ... ...Tue 29th March 2011 - 01:08am
Clock stopped on Shells application for Ningaloo
The federal Environment Minister is asking for more information from the petroleum company Shell about its plans for an exploration well less than 50 kilometres from Ningaloo Reef marine park.Shell lodged ... ...Tue 29th March 2011 - 01:02am
Coalition claims 4.5 billion hole in NSW budget
The new Coalition government has accused Labor of cooking the books like never before to hide a projected 4.5 billion hole in the New South Wales budget.Premier Barry OFarrell made the ... ...Tue 29th March 2011 - 01:00am
New home sales up by 0.6 in Feb- HIA says
The number of new homes sold across Australia has remained little changed in February and may suggest a weak year to come- a survey shows.The latest HIA-JELD-WEN New Home Sales Report shows the number ... ...Tue 29th March 2011 - 12:48am
Swan names new Reserve Bank board members
Treasurer Wayne Swan has named former HSBC chief economist John Edwards and a resources sector executive Catherine Tanna as the newest members of the Reserve Bank board.They replace former National Farmers ... ...Tue 29th March 2011 - 12:48am
Clock stopped on Shells application for Ningaloo
The federal Environment Minister is asking for more information from the petroleum company Shell about its plans for an exploration well less than 50 kilometres from Ningaloo Reef marine park.Shell lodged ... ...Tue 29th March 2011 - 12:42am
Clock stopped on Shells application for Ningaloo
The Federal Environment Minister is asking for more information from the petroleum company Shell about its plans for an exploration well less than 50 kilometres from Ningaloo Reef marine park.Shell lodged ... ...Tue 29th March 2011 - 12:41am
Swan names new Reserve Bank board members
Treasurer Wayne Swan has named former HSBC chief economist John Edwards and a resources sector executive Catherine Tanna as the newest members of the Reserve Bank board.They replace former National Farmers ... ...Tue 29th March 2011 - 12:34am
Cash still king- cheques get bounced
A Reserve Bank study has shown that debit and EFTPOS transactions are continuing to erode the use of cash- while the cheque is becoming a niche form of payment. Late last year the RBA got 1-200 people ... ...Tue 29th March 2011 - 12:18am
Australia shares ease 0.2 pct ahead of quarter-end
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares ease 0.2 pct ahead of quarter-end ...Tue 29th March 2011 - 12:16am
Swan names new Reserve Bank board members
Treasurer Wayne Swan has named former HSBC chief economist John Edwards and a resources sector executive Catherine Tanna as the newest members of the Reserve Bank board.They replace former National Farmers ... ...Tue 29th March 2011 - 12:15am
Female engineer wins top UK gong
A woman who helped her parents build a house when she was 11 years old and later became a successful civil engineer has won a prestigious UK business award.Michelle McDowell- 47- who has worked on high-profile ... ...Tue 29th March 2011 - 12:02am
Last 7 days news:
- Todays News (52)
- 21st May 2013 (101)
- 20th May 2013 (77)
- 19th May 2013 (23)
- 18th May 2013 (31)
- 17th May 2013 (89)
- 16th May 2013 (106)