Finance News, Sunday 10th April 2011
BHP completes 6bn share buy-back
BHP Billiton Ltd has completed its 6 billion off-market share buy-back.BHP Billiton bought back 147 million shares- representing 4.4 per cent of the issued share capital of the company.The final price ... ...Sun 10th April 2011 - 11:54pm
Insurer denies cowardly behaviour in Qld floods
One of Australias biggest insurers has come out fighting after the Prime Minister accused the industry of cowardly behaviour over unpaid or delayed claims from the Queensland floods.The chief executive ... ...Sun 10th April 2011 - 11:51pm
20b feud with Telstra drove NBNs birth
It is already the most expensive infrastructure project in Australias history- and it seems the final cost of the National Broadband Network could blow out by billions.Tonights Four Corners program ... ...Sun 10th April 2011 - 11:39pm
20b feud with Telstra drove NBNs birth
It is already the most expensive infrastructure project in Australias history- and it seems the final cost of the National Broadband Network could blow out by billions.Tonights Four Corners program ... ...Sun 10th April 2011 - 11:38pm
Australia shares seen challenging 2011 high on commodity rally
MARKETS-AUSTRALIA-STOCKS-Australia shares seen challenging 2011 high on commodity rally ...Sun 10th April 2011 - 11:35pm
20b feud with Telstra drove NBNs birth
It is already the most expensive infrastructure project in Australias history- and it seems the final cost of the National Broadband Network could blow out by billions.Tonights Four Corners program ... ...Sun 10th April 2011 - 11:33pm
Leighton to report FY loss- raise capital
Australias biggest construction company Leighton Holdings Ltd now expects to report a full year loss of 427 million and plans to raise 757 million in a new share sale.Leighton said the revision ... ...Sun 10th April 2011 - 11:22pm
Police push for big pay rise
The West Australian Police Union is warning its 5-000 members are prepared to take industrial action to win a significant pay rise.The union is pushing for a 15 per cent pay rise over two years- which ... ...Sun 10th April 2011 - 11:17pm
Police push for big pay rise
The West Australian Police Union is defending its decision to push for a 15 per cent pay rise over two years for its members.The unions bid is almost twice the amount allowed under the state governments ... ...Sun 10th April 2011 - 11:16pm
Fatigue blamed for train drivers running red lights
Train drivers claim a steep increase in the number of trains running red lights is further proof that Perths rail system is in crisis.The figures obtained by the ABC show that 16 trains have run a ... ...Sun 10th April 2011 - 11:09pm
1.5b coal mine promises jobs boost
The Queensland Government says a new coal mine proposed for the states Central Highlands could create 1-000 ongoing jobs.If approved- the Byerwen coal mine would be constructed about 140 kilometres ... ...Sun 10th April 2011 - 11:08pm
LNG giants push for carbon tax exemptions
Australias booming oil and gas sector is ramping up its campaign to be exempted from Labors carbon tax.Resources giant Woodside says the use of liquid natural gas LNG helps to cut global greenhouse ... ...Sun 10th April 2011 - 11:03pm
Police push for big pay rise
The West Australian Police Union is defending its decision to push for a 15 per cent payrise for its members over two years.The unions bid is almost twice the amount allowed under the state governments ... ...Sun 10th April 2011 - 10:53pm
20b feud with Telstra drove NBNs birth
It is already the most expensive infrastructure project in Australias history- and it seems the final cost of the National Broadband Network could blow out by billions.Tonights Four Corners reveals ... ...Sun 10th April 2011 - 10:45pm
1.5b coal mine promises jobs boost
The Queensland Government says a new coal mine proposed for the states Central Highlands could create 1-000 ongoing jobs.If approved- the Byerwen coal mine would be constructed about 140 kilometres ... ...Sun 10th April 2011 - 10:36pm
Public briefing ahead for gas search plans
Blue Energy says it is set to begin community consultations over its plans to drill for coal seam gas CSG in the Maryborough Basin- in south-east Queensland- this year.The company wants to drill north-west ... ...Sun 10th April 2011 - 10:29pm
1.5b coal mine promises jobs boost
The Queensland Government says a new coal mine proposed for the states Central Highlands could create 1-000 ongoing jobs.If approved- the Byerwen coal mine would be constructed about 140 kilometres ... ...Sun 10th April 2011 - 10:07pm
LNG giants push for carbon tax exemptions
Australias booming oil and gas sector is ramping up its campaign to be exempted from Labors carbon tax.Resources giant Woodside says the use of liquid natural gas LNG helps to cut global greenhouse ... ...Sun 10th April 2011 - 09:46pm
LNG giants push for carbon tax exemptions
Australias booming oil and gas sector is ramping up its campaign to be exempted from Labors carbon tax.Resources giant Woodside says the use of liquid natural gas LNG helps to cut global greenhouse ... ...Sun 10th April 2011 - 09:38pm
Britain to fight for Iceland billions in court
Britain and the Netherlands are preparing to sue Iceland for the 5.4 billion they lost in the countrys banking collapse.The move came after voters in Iceland rejected plans to reimburse foreign depositors ... ...Sun 10th April 2011 - 09:36pm
BHP planning Woodside takeover- report
BHP Billiton- the worlds top miner- is planning a takeover of Australias biggest oil and gas producer Woodside Energy- The Sunday Times newspaper reported.The Anglo-Australian firm is in detailed ... ...Sun 10th April 2011 - 09:31pm
LNG giants push for carbon tax exemptions
Australias booming oil and gas sector is ramping up its campaign to be exempted from Labors carbon tax.Resources giant Woodside says the use of liquid natural gas LNG helps to cut global greenhouse ... ...Sun 10th April 2011 - 09:16pm
Britain to fight for Iceland billions in court
Britain and the Netherlands are preparing to sue Iceland for the 5.4 billion they lost in the countrys banking collapse.The move came after voters in Iceland rejected plans to reimburse foreign depositors ... ...Sun 10th April 2011 - 08:09pm
Woodside shares rise on reports of BHP takeover
Shares in major Australian energy producer Woodside Petroleum jumped more than six percent in early trade Monday- on renewed speculation that mining giant BHP Billiton had the company in its sights.Britains ... ...Sun 10th April 2011 - 05:16pm
Global military spending growth slowest since 2001
Growth in global military spending slowed to its lowest level since 2001 last year as the world economic crisis hit defence budgets- Swedish think-tank SIPRI said Monday.World military spending rose only ... ...Sun 10th April 2011 - 05:09pm
Japan core machinery orders drop 2.3 in February
Japans core private-sector machinery orders- a leading indicator of corporate capital spending- fell by more than expected in the month before a massive earthquake- data showed on Monday.Core machinery ... ...Sun 10th April 2011 - 04:59pm
World Bank highlights conflict as key to poverty
Conflict and violence are holding back global economic growth and trapping 1.5 billion people in dire poverty- the World Bank has said- calling for an international effort to break the cycle.In countries ... ...Sun 10th April 2011 - 04:24pm
Nasdaq- ICE reaffirm interest in NYSE Euronext
US securities exchanges Nasdaq and ICE reaffirmed their interest in acquiring NYSE Euronext- in response to a rejection by NYSE Euronext of their bid to create the worlds biggest exchange.We ... ...Sun 10th April 2011 - 04:01pm
Nasdaq- ICE reaffirm interest in NYSE Euronext
US securities exchanges Nasdaq and ICE reaffirmed their interest in acquiring NYSE Euronext- in response to a rejection by NYSE Euronext of their bid to create the worlds biggest exchange.We ... ...Sun 10th April 2011 - 03:37pm
Study reveals cost of nitrogen pollution
Nitrogen pollution costs Europe between 70 and 320 billion euros 100bn-460bn per year in its impact on health and the environment- according to a major European study launched in Britain on Monday.The ... ...Sun 10th April 2011 - 02:48pm
BHP planning Woodside takeover- report
BHP Billiton- the worlds top miner- is planning a takeover of Australias biggest oil and gas producer Woodside Energy- The Sunday Times newspaper reported.The Anglo-Australian firm is in detailed ... ...Sun 10th April 2011 - 02:43pm
World Bank highlights conflict as key to poverty
Conflict and violence are holding back global economic growth and trapping 1.5 billion people in dire poverty- the World Bank has said- calling for an international effort to break the cycle.In countries ... ...Sun 10th April 2011 - 02:28pm
Berlin moves from capital of cool to start-up haven
Already a magnet for tourists and young artists- Berlin is attracting a new generation of Internet start-ups- changing the ways scientists interact or musicians store and share music.So much so that US ... ...Sun 10th April 2011 - 12:35pm
Japans post-disaster economy faces electric shock
Japans economy- the worlds third-largest- has been in trouble for nearly a generation- but nothing prepared it for the brutal impact of power shortages following the March 11 disaster.The 9.0-magnitude ... ...Sun 10th April 2011 - 11:44am
Obama to set out budget plan on Wednesday
Aides say President Barack Obama will lay out plans to reduce the soaring US budget deficit on Wednesday- setting the stage for a major battle that could define his reelection campaign.Washington is still ... ...Sun 10th April 2011 - 10:18am
British- Dutch announce litigation after Icesave no vote
Britain and The Netherlands said Sunday they would return to the courts to get Iceland to refund them billions of euros after voters there said no in a referendum to the reimbursement plan.Icelands ... ...Sun 10th April 2011 - 09:49am
British- Dutch announce litigation after Icesave no vote
Britain and The Netherlands said Sunday they would return to the courts to get Iceland to refund them billions of euros after voters there said no in a referendum to the reimbursement plan.Icelands ... ...Sun 10th April 2011 - 09:36am
EU- IMF experts to discuss bailout with Portugal on Tuesday
Experts from the European Commission- European Central Bank and IMF will visit Lisbon this week for talks on an 80 billion euro bailout for Portugal- a commission spokesman said Sunday.The mission will ... ...Sun 10th April 2011 - 08:04am
Siemens received 2.35 bn for Areva NP stake
Siemens has received 1.62 billion euros 2.35 billion for the sale of its 34-percent stake in its joint venture with French group Areva- a spokesman for the German industrial giant said on Sunday.Areva ... ...Sun 10th April 2011 - 05:37am
Iceland has no problem repaying debt
Iceland insisted on Sunday it has no problem repaying its debts as litigation loomed over voters rejection of a deal to reimburse The Netherlands and Britain for the collapse of Icesave ... ...Sun 10th April 2011 - 05:05am
Britain set to fight for Iceland cash in court
Britain is prepared to drag Iceland through the international courts to recoup its money used to bail out savers in collapsed Icelandic banks- the finance ministry said Sunday.Chief Secretary to the Treasury ... ...Sun 10th April 2011 - 04:59am
Swan vows 2012 surplus despite revenue hit
The budget will return to surplus in 2012 despite new figures showing a 4.5 billion shortfall in revenue from company and personal income tax revenue- Treasurer Wayne Swan says.The federal government ... ...Sun 10th April 2011 - 04:11am
Housing maintenance suffers
Housing Tasmania has been forced to cut nearly 80-000 from its maintenance budget to pay a fine to the Glenorchy City Council.The department attracted the fine for paying a rates bill three days late.The ... ...Sun 10th April 2011 - 02:42am
Obama signs bill after US skirts shutdown
President Barack Obama on Saturday signed into law a temporary spending bill averting a US government shutdown and ending- for now- a budget row between the Democrats and their newly empowered Republican ... ...Sun 10th April 2011 - 02:40am
Carbon tax compo to be finalised post-budget
Finance Minister Penny Wong says price and compensation elements of the carbon tax will not be worked out until after next months budget.The Federal Government is yet to announce many of the elements ... ...Sun 10th April 2011 - 01:41am
Carbon tax compo to be finalised post-budget
Finance Minister Penny Wong says price and compensation elements of the carbon tax will not be worked out until after next months budget.The Federal Government is yet to announce many of the elements ... ...Sun 10th April 2011 - 01:34am
EU- IMF to discuss bailout with Portugal on Tuesday
Experts from the European Commission- European Central Bank and IMF will visit Lisbon on Tuesday for talks on an 80-billion-euro bailout for Portugal- a commission spokesman said on Saturday.The mission ... ...Sun 10th April 2011 - 01:25am
More taxis on Perth streets
The Taxi Council of WA has cautiously welcomed a Government plan to release an extra 30 full time taxi plates in Perth.The Transport Minister Troy Buswell is also planning to change industry regulations ... ...Sun 10th April 2011 - 01:22am
Britain set to fight for Iceland cash in court
Britain is prepared to drag Iceland through the international courts to recoup its money used to bail out savers in collapsed Icelandic banks- the finance ministry said Sunday.Chief Secretary to the Treasury ... ...Sun 10th April 2011 - 01:20am
Power shortage looming in the Pilbara
The State Government has been criticised for failing to secure the energy needs of the Pilbara region. Both Labor and Liberal agree the growth of Western Australias mining industry is likely to cause ... ...Sun 10th April 2011 - 01:00am
Britains ailing economy wins modest royal boost
Britons will throng pubs- buy gifts and host parties thanks to the royal wedding- and the tourism sector is set to gain- but the extra spending is unlikely to reignite Britains economy- analysts warn.Retail ... ...Sun 10th April 2011 - 12:29am
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