Finance News, Sunday 15th May 2011
Leighton reports third qtr loss of 382m
Leighton Holdings Ltd has reported a loss of 382 million for the nine months to March- but it expects to return to profitability in 2011-12.The company said it expects to report a loss after tax of 427 ... ...Sun 15th May 2011 - 11:42pm
Shares set to slide on global economic jitters
The Australian share market is expected to open lower today as global concerns about a renewed slowdown in the US and Europe weigh on investor sentiment. There have also been renewed fears among investors ... ...Sun 15th May 2011 - 11:38pm
Sydney traffic costs business- NRMA
A survey by the NRMA has found Sydney businesses believe traffic congestion is costing them dear.The peak motoring body surveyed businesses that operate car fleets to assess their attitudes to Sydney traffic.One ... ...Sun 15th May 2011 - 11:22pm
Dulux full year profit to be over 71.5mln
DuluxGroup Ltd says full year profit will be more than 71.5 million as the paint maker doubles first half profit on the back of its market leading brands.The 71.5 million comparison figure is the fiscal ... ...Sun 15th May 2011 - 11:08pm
Refugee swap causes Christmas Is economic worries
There are concerns on Christmas Island that a new plan to process asylum seekers offshore could damage its economy.Last week- the Federal Government negotiated an in-principle deal with Malaysia that would ... ...Sun 15th May 2011 - 11:06pm
Australia shares seen slipping on global growth concerns
MARKETS-AUSTRALIA-STOCKS-Australia shares seen slipping on global growth concerns ...Sun 15th May 2011 - 11:02pm
Landmark equal pay decision expected today
A decision on a landmark equal pay case will be handed down by Fair Work Australia today.In a test case under the Fair Work laws- about 200-000 community and disability workers employed by the non-government ... ...Sun 15th May 2011 - 10:46pm
Spencer Gulf deep-sea port plan advances
A consortium led by Flinders Ports has welcomed the next step toward a 700 million deep-sea port for upper Spencer Gulf.The South Australian Government has granted the Spencer Gulf Ports Links consortium ... ...Sun 15th May 2011 - 10:43pm
Optus expansion into regional Tasmania
Telecommunications giant Optus has announced it will spend 25 million expanding its mobile network coverage in Tasmania.Over the next two years- Optus will build new telephone towers or upgrade antennae ... ...Sun 15th May 2011 - 10:38pm
Landmark equal pay decision expected today
A decision on a landmark equal pay case will be handed down by Fair Work Australia today.In a test case under the Fair Work laws- about 200-000 community and disability workers employed by the non-government ... ...Sun 15th May 2011 - 10:37pm
Blind but seeing red over train announcements
The Federal Disability Discrimination Commissioner has taken the unusual step of formally complaining to himself about the lack of station announcements on Sydney trains.Graeme Innes says RailCorp agreed ... ...Sun 15th May 2011 - 10:34pm
Disability complaint over Sydney trains
The Federal Disability Discrimination Commissioner has taken the unusual step of formally complaining to himself about the lack of station announcements on Sydney trains.Graeme Innes says RailCorp agreed ... ...Sun 15th May 2011 - 10:29pm
Disability complaint over Sydney trains
The Federal Disability Discrimination Commissioner has taken the unusual step of formally complaining to himself about the lack of station announcements on Sydney trains.Graeme Innes says RailCorp agreed ... ...Sun 15th May 2011 - 10:27pm
Outback residents fight to keep power subsidy
South Australian outback communities are urging the State Government to make permanent electricity subsidies for 13 remote towns.The SA Government has reversed a decision to end an electricity subsidy ... ...Sun 15th May 2011 - 10:21pm
Optus expansion into regional Tasmania
Telecommunications giant Optus has announced it will spend 25 million expanding its mobile network coverage in Tasmania.Over the next two years- Optus will build new telephone towers or upgrade antennae ... ...Sun 15th May 2011 - 10:18pm
Outback residents fight to keep power subsidy
South Australian outback communities are urging the State Government to make permanent electricity subsidies for 13 remote towns.The SA Government has reversed a decision to end an electricity subsidy ... ...Sun 15th May 2011 - 10:11pm
Call to flood-proof roads over truckie rest stops
The Transport Workers Union TWU says the State Government should be flood-proofing Queenslands roads- instead of spending money on truck stops. The State Government says 33 new rest areas and 23 ... ...Sun 15th May 2011 - 10:08pm
Outback residents fight to keep power subsidy
South Australian outback communities are urging the State Government to make permanent electricity subsidies for 13 remote towns.The SA Government has reversed a decision to end an electricity subsidy ... ...Sun 15th May 2011 - 10:07pm
NZ imports worry Granite Belt apple growers
The head of an apple growers group on southern Queenslands Granite Belt says New Zealand imports threaten to derail an otherwise promising season.Growers say if current cold temperatures continue ... ...Sun 15th May 2011 - 09:43pm
Farmer vows to lock out bauxite miner
A farmer in southern Queenslands South Burnett region says he is going to lock his gates if a mineral exploration company attempts to enter his land today. Farmer Keith Jessen says he initially gave ... ...Sun 15th May 2011 - 09:37pm
Quiet time continues for flood-hit coal terminal
The operator of Queenslands largest coal export terminal says it could be June before the facility- south of Mackay in the states north- is operating near full capacity.Anthony Timbrell- from ... ...Sun 15th May 2011 - 09:33pm
Quiet time continues for flood-hit coal terminal
The operator of Queenslands largest coal export terminal says it could be June before the facility- south of Mackay in the states north- is operating near full capacity.Anthony Timbrell- from ... ...Sun 15th May 2011 - 09:30pm
CEC creditors warned payment unlikely
Administrators for the Cairns-based CEC Group in far north Queensland say many of its creditors will not be paid.The construction group went into voluntary administration last week.A creditors meeting ... ...Sun 15th May 2011 - 09:17pm
CEC creditors warned payment unlikely
Administrators for the Cairns-based CEC Group in far north Queensland say many of its creditors will not be paid.The construction group went into voluntary administration last week.A creditors meeting ... ...Sun 15th May 2011 - 09:16pm
Quiet time continues for flood-hit coal terminal
The operator of Queenslands largest coal export terminal says it could be June before the facility- south of Mackay in north Queensland- is operating near full capacity.Anthony Timbrell- from Dalrymple ... ...Sun 15th May 2011 - 09:15pm
Refugee swap causes Christmas Is economic worries
There are concerns on Christmas Island that a new plan to process asylum seekers offshore could damage its economy.Last week- the Federal Government negotiated an in-principle deal with Malaysia that would ... ...Sun 15th May 2011 - 09:00pm
Money-hungry US to hit borrowing cap
The debt-laden US governments credit card will hit its limit on Monday- creating a cash crunch that puts the countrys credit standing at risk as politicians battle over its long-term deficit.US ... ...Sun 15th May 2011 - 04:52pm
Japan core machinery orders up 2.9 in March
Japans core machinery orders- a leading indicator of corporate capital spending- posted a surprise rise in March despite the devastating earthquake and tsunami- data showed Monday.The core private-sector ... ...Sun 15th May 2011 - 03:02pm
IMF chief charged with sex assault- rape attempt
IMF chief Dominique Strauss-Kahn has been charged with attempting to rape a New York chambermaid- unleashing a scandal which could bury his long-held ambitions to be elected the president of France.The ... ...Sun 15th May 2011 - 02:30pm
IMF chief charged with sex assault- rape attempt
IMF chief Dominique Strauss-Kahn was charged Sunday with attempting to rape a New York chambermaid- unleashing a scandal which could bury his long-held ambitions to be elected the president of France.The ... ...Sun 15th May 2011 - 10:09am
Europes trade unions set to meet in Athens
European trade unions gather Monday for their confederations 12th congress- held this year in Athens because of its economic crisis with unionists saying austerity measures are not working.We ... ...Sun 15th May 2011 - 09:29am
Germany says Greek debt payment delay to include creditors
German Finance Minister Wolfgang Schaeuble said Sunday Greece could be granted an extension to the repayment of its massive debt but only if private creditors are also involved.In an interview with ARD ... ...Sun 15th May 2011 - 08:55am
Iraq to bring banks to the masses - by mobile
Just a fifth of Iraqis have bank accounts- but 70 percent have mobile phones- so Baghdad is hoping to close the gap by getting people to open accounts- make payments and transfer cash - all via mobile.In ... ...Sun 15th May 2011 - 08:10am
Money-hungry US to hit borrowing cap
The debt-laden US governments credit card will hit its limit Monday- creating a cash crunch that puts the countrys credit standing at risk as politicians battle over its long-term deficit.US ... ...Sun 15th May 2011 - 06:11am
Obama warns on debt ceiling risk
President Barack Obama warned Sunday the United States risked plunging back into recession if a standoff over the US debt ceiling lingers- as a top Republican said he was ready to cut a deal.The United ... ...Sun 15th May 2011 - 05:58am
Credit card rates up- honeymoons shorter
Credit card users are paying more for low rate- balance transfer cards after lenders hiked hidden interest rates to 19.18 per cent and cut honeymoon periods.They are now paying an extra 0.42 ... ...Sun 15th May 2011 - 04:32am
Credit card rates up- honeymoons shorter
Credit card users are paying more for low rate- balance transfer cards after lenders hiked hidden interest rates to 19.18 per cent and cut honeymoon periods.They are now paying an extra 0.42 ... ...Sun 15th May 2011 - 04:05am
IMF chief charged with sex assault- rape attempt
IMF chief Dominique Strauss-Kahn- widely expected to run for the French presidency in 2012- was charged Sunday with the sexual assault and attempted rape of a New York hotel chambermaid- police said.The ... ...Sun 15th May 2011 - 03:43am
Sony begins restoring PlayStation Network
Sony says it will begin a phased restoration of its PlayStation Network on a country-by-country basis from today.It expects the restoration to be complete by the end of the month.The company says phased ... ...Sun 15th May 2011 - 02:32am
Sony begins restoring PlayStation Network
Sony says it will begin a phased restoration of its PlayStation Network on a country by country basis from today.It expects the restoration to be complete by the end of the month.The company says phased ... ...Sun 15th May 2011 - 02:06am
Berlin to pay bln euro subsidy for electric cars
The German government is prepared to pay a billion euros 1.4 billion in subsidies over the next two years to help its industry develop electric cars- Welt am Sonntag newspaper said Sunday.Chancellor ... ...Sun 15th May 2011 - 02:05am
Macau casino opens to Asias punters
Macaus newest casino opened its doors Sunday hoping to lure visitors from across Asia in the latest sign that gambling firms are betting large on continued growth at the worlds biggest gaming ... ...Sun 15th May 2011 - 01:48am
Marketing secret to sweet success
A fruit growers conference in Hobart has been told the cherry industry could reap higher profits if it adopts new marketing trends emerging in North America.Tasmanias cherry industry is worth 70 ... ...Sun 15th May 2011 - 01:43am
Marketing secret to sweet success
A fruit growers conference in Hobart has been told the cherry industry could reap higher profits if it adopts new marketing trends emerging in North America.Tasmanias cherry industry is worth 70 ... ...Sun 15th May 2011 - 01:31am
IMF chief charged with sex assault- rape attempt
IMF chief Dominique Strauss-Kahn- widely expected to run for the French presidency in 2012- was charged Sunday with the sexual assault and attempted rape of a New York hotel chambermaid- police said.The ... ...Sun 15th May 2011 - 01:23am
Zimbabwes economy not ready for elections- central bank
Zimbabwes central bank chief Gideon Gono said Sunday the southern African countrys economy cannot sustain an election- state media reported Sunday.In deciding when and whether or not to ... ...Sun 15th May 2011 - 01:17am
IMF chief charged with sex assault- rape attempt
IMF chief Dominique Strauss-Kahn- widely expected to run for the French presidency next year- was charged Sunday with the sexual assault and attempted rape of a chambermaid at a New York hotel- police ... ...Sun 15th May 2011 - 12:58am
Australians suffer wealth equality illusion- survey
New research released today into peoples attitudes to wealth has concluded that Australians suffer from an illusion of equality.The survey of 1-000 Australians found wealth inequality - where 20 per ... ...Sun 15th May 2011 - 12:50am
Berlin to pay bln euro subsidy for electric cars
The German government is prepared to pay a billion euros 1.4 billion in subsidies over the next two years to help its industry develop electric cars- Welt am Sonntag newspaper said Sunday.Chancellor ... ...Sun 15th May 2011 - 12:28am
IMF chief charged with sex assault- rape attempt
IMF chief Dominique Strauss-Kahn- widely expected to run for the French presidency next year- was charged Sunday with the sexual assault and attempted rape of a chambermaid at a New York hotel- police ... ...Sun 15th May 2011 - 12:27am
Sony to resume network services after hacker attacks
Sony said it would start Sunday a phased restoration of network services that came under hacker attacks in one of the biggest data breaches since the advent of the Internet.The cyber attacks ... ...Sun 15th May 2011 - 12:22am
Berlin to pay bln euro subsidy for electric cars
The German government is prepared to pay a billion euros 1.4 billion in subsidies over the next two years to help its industry develop electric cars- Welt am Sonntag newspaper said Sunday.Chancellor ... ...Sun 15th May 2011 - 12:13am
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