Finance News, Thursday 26th May 2011
Senate hearing discusses Rockhampton mail centre noise
Australia Post says it has no plans to move its Rockhampton mail centre in central Queensland despite noise complaints from neighbours.Senator Ian Macdonald says told a Federal Budget estimates hearing ... ...Thu 26th May 2011 - 11:51pm
Housing sector needs eco incentives- Property Council
The Property Council says more incentives are needed for South Australians to build eco-friendly housing.It says more urban infill can reduce the need for cars and reduce transport-related pollution.But ... ...Thu 26th May 2011 - 11:40pm
Virgin passenger numbers down in April
Virgin Blue Holdings Ltd suffered a fall in domestic and international passenger numbers in April.The airline group said it carried 1.29 million domestic passengers in the month- down 2.1 per cent from ... ...Thu 26th May 2011 - 11:15pm
Senate hearing discusses Mail Centre noise
Australia Post says it has no plans to move its Rockhampton Mail Centre- in central Queensland despite noise complaints from neighbours.Senator Ian Macdonald says told a Federal Budget estimates hearing ... ...Thu 26th May 2011 - 10:59pm
Housing sector needs eco incentives- Property Council
The Property Council says more incentives are needed for South Australians to build eco-friendly housing.It says more urban infill can reduce the need for cars and reduce transport-related pollution.But ... ...Thu 26th May 2011 - 10:54pm
F-ampP Appliances returns to profit
Fisher -amp Paykel appliances returned to profit in the year to March- but its revenue for the latest 12 months fell 3.7 per cent from the year before to NZ1.12 billion A850.84 million.Managing director ... ...Thu 26th May 2011 - 10:53pm
Wharfies strike action cancelled
The Maritime Union of Australia MUA has met port workers in Sydney- Brisbane and Fremantle to call off industrial action.Workers are fighting for an 18 per cent pay rise over three years- but the union ... ...Thu 26th May 2011 - 10:51pm
Housing sector needs eco incentives- Property Council
The Property Council says more incentives are needed for South Australians to build eco-friendly housing.It says more urban infill can reduce the need for cars and reduce transport-related pollution.But ... ...Thu 26th May 2011 - 10:47pm
Housing sector needs eco incentives- Property Council
The Property Council says more incentives are needed for South Australians to build eco-friendly housing.It says more urban infill can reduce the need for cars and reduce transport-related pollution.But ... ...Thu 26th May 2011 - 10:46pm
Rail link takes shape in Sydneys north-west
The New South Wales Government has released more details of its planned North West rail link in Sydney.The Government has released its concept plan for the link- which includes extra stations and massive ... ...Thu 26th May 2011 - 10:36pm
Fears over future of Heinz factory
There are fears Heinz is preparing to close its manufacturing centre at Girgarre- near Shepparton in the states north-east. Heinz has announced to the New York Stock Exchange that its raised its dividend ... ...Thu 26th May 2011 - 10:23pm
No quick turnaround for Townsville housing market
Residential property valuers are forecasting the Townsville real estate market in north Queensland will stay flat for at least another year.Jason Searston from Herron Todd White says the Townsville market ... ...Thu 26th May 2011 - 10:19pm
Mackay Sugar ponders higher Tully takeover bid
Mackay Sugar says it is considering whether to increase its takeover bid for Tully Sugar in far north Queensland.It is currently offering 41 per share- while New York-based agribusiness company Bunge ... ...Thu 26th May 2011 - 09:55pm
F-ampP Appliances returns to profit- revenu
Fisher -amp Paykel appliances returned to profit in the year to March- but its revenue for the latest 12 months fell 3.7 per cent from the year before to NZ1.12 billion A850.84 million.Reported net profit ... ...Thu 26th May 2011 - 09:49pm
Sunbus drivers back on strike over pay
Commuters on Queenslands Sunshine Coast face disruptions again today- with Sunbus drivers walking off the job for the fifth time since December.The drivers embarked on a 24-hour strike early this ... ...Thu 26th May 2011 - 09:49pm
Tower profit falls- hit by Christchurch
Half year net profit at insurer and fund manager Tower fell 54 per cent to NZ12.8 million A9.72 million- with the result including the impact of earthquakes in Christchurch and a loss due to changes ... ...Thu 26th May 2011 - 09:45pm
Malaysia being lobbied to derail cig packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 09:27pm
Malaysia being lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 08:15pm
ECB appears on track to raise rates again
The European Central Bank is signaling that it remains on track to raise interest rates further despite the continents debt crisis.The ECB raised interest rates from an all-time low to 1.25 per cent ... ...Thu 26th May 2011 - 08:14pm
Malaysia lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 08:06pm
IMF chief rivals to be named by June 17
The International Monetary Fund will publish the names of the candidates seeking to become the next IMF managing director by June 17- a spokeswoman said on Thursday.Nominations opened on Monday for the ... ...Thu 26th May 2011 - 08:03pm
Sony forecasts return to profit
Sony forecast a return to profit this fiscal year after sinking into its third straight year of red ink- hammered by the costs of massive online security breaches and the damage from a March quake and ... ...Thu 26th May 2011 - 07:57pm
IMF may deny Greece its next payment
Luxembourg Prime Minister Jean-Claude Juncker- who heads the eurozone finance ministers- warned on Thursday the IMF may block a 12 billion euros A16.08 billion aid payment to Greece- the next installment ... ...Thu 26th May 2011 - 07:54pm
Wharfies strike action cancelled
The Maritime Union of Australia MUA is meeting with port workers in Sydney- Brisbane and Fremantle to call off industrial action.Workers are fighting for an 18 per cent pay rise over three years- but ... ...Thu 26th May 2011 - 07:53pm
Wharfies strike action cancelled
The Maritime Union of Australia MUA will meet with port workers in Sydney- Brisbane and Fremantle this morning to call off industrial action.Workers are fighting for an 18 per cent pay rise over three ... ...Thu 26th May 2011 - 07:52pm
Malaysia lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 07:47pm
Malaysia lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 07:31pm
Higher food- oil prices weigh on US
New data released this week suggests the US economy remains deep in the doldrums- frustrating Washingtons efforts to kick-start industry and create jobs two years after the last recession ended.Higher ... ...Thu 26th May 2011 - 07:21pm
Malaysia lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 07:21pm
IMF presses Greece on funding- policy plans
The International Monetary Fund warned Athens Thursday to firm up its broad financing plans and policy actions to be able to continue receiving IMF bailout funds in concert with the European Union.With ... ...Thu 26th May 2011 - 01:20pm
Malaysia lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 01:18pm
Malaysia lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 01:03pm
Malaysia lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 01:02pm
Malaysia lobbied to derail packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 12:51pm
Malaysia lobbied to derail cigarette packaging laws
A former ambassador to the World Trade Organisation has been lobbying Malaysia to oppose the Federal Governments plain cigarette packaging laws. ABC1s Lateline can reveal former US ambassador ... ...Thu 26th May 2011 - 12:47pm
Google turning mobile phone into a wallet
Google unveiled a free mobile application on Thursday that turns a smartphone into an electronic wallet and is designed to replace plastic credit cards.The Internet giant- at a press conference at its ... ...Thu 26th May 2011 - 12:43pm
Wharfies strike action cancelled
The Maritime Union of Australia MUA will call off industrial action at ports in Sydney- Brisbane and Fremantle on Friday. Workers are fighting for an 18 per cent pay rise over three years- but stevedoring ... ...Thu 26th May 2011 - 12:17pm
Online shops opportunity for retailers-CEO
Australian retailers should be more imaginative if they want to dominate the online shopping landscape like their international counterparts- Sue Morphet says.The Pacific Brands chief executive officer ... ...Thu 26th May 2011 - 12:11pm
Higher food- oil prices weigh on US economy
New data released this week suggested the US economy remains deep in the doldrums- frustrating Washingtons efforts to kick-start industry and create jobs two years after the last recession ended.Higher ... ...Thu 26th May 2011 - 11:31am
Wharfies strike action cancelled
The Maritime Union of Australia MUA will call off industrial action at ports in Sydney- Brisbane and Fremantle on Friday. Workers are fighting for an 18 per cent pay rise over three years- but stevedoring ... ...Thu 26th May 2011 - 11:29am
Wharfies strike action cancelled
The Maritime Union of Australia will call off industrial action at ports in Sydney- Brisbane and Fremantle on Friday. Workers are fighting for an 18 per cent pay rise over three years- but stevedoring ... ...Thu 26th May 2011 - 11:21am
G8 summit backs Arab Spring- Japan recovery
The worlds great industrial powers met Thursday at a G8 summit dominated by revolt in the Arab world- backing the popular struggle for democracy and seeking a way out of the Libyan war.Russia said ... ...Thu 26th May 2011 - 11:19am
G8 summit urges Russia to mediate with Libya
The worlds great industrial powers met Thursday at a G8 summit dominated by revolt in the Arab world- backing the popular struggle for democracy and seeking a way out of the Libyan war.Russia said ... ...Thu 26th May 2011 - 11:16am
Wharfies strike action cancelled
The Maritime Union of Australia will call off industrial action at ports in Sydney- Brisbane and Fremantle on Friday. Workers are fighting for an 18 per cent pay rise over three years- but stevedoring ... ...Thu 26th May 2011 - 11:13am
Ex-Nasdaq official admits insider trading
A former Nasdaq managing director on Thursday pleaded guilty to insider trading that netted him more than 755-000 in illicit profits over a three-year period- US authorities said.The Securities and Exchange ... ...Thu 26th May 2011 - 10:50am
Ex-Nasdaq official admits insider trading
A former Nasdaq managing director on Thursday pleaded guilty to insider trading that netted him more than 755-000 in illicit profits over a three-year period- US authorities said.The Securities and Exchange ... ...Thu 26th May 2011 - 10:38am
US online advertising soars in first quarter- report
Industry group Interactive Advertising Bureau IAB reported on Thursday that US online ad revenue hit a record high 7.3 billion in the first three months of the year.The amount of money spent on Internet ... ...Thu 26th May 2011 - 10:02am
Juncker says IMF may deny Greece its next aid installment
Luxembourg Prime Minister Jean-Claude Juncker- who heads the eurozone finance ministers- warned Thursday the IMF may block a 12-billion-euro aid payment to Greece- the next installment in its bailout.As ... ...Thu 26th May 2011 - 09:55am
Google turning mobile phone into a wallet
Google unveiled a free mobile application on Thursday that turns a smartphone into an electronic wallet and is designed to replace plastic credit cards.The Internet giant- at a press conference at its ... ...Thu 26th May 2011 - 09:53am
Online shops opportunity for retailers-CEO
Australian retailers should stop sulking and step up to dominate the online shopping landscape like their international counterparts- Sue Morphet says.The Pacific Brands chief executive officer told a ... ...Thu 26th May 2011 - 09:36am
Higher food- oil prices weigh on US economy
New data released this week suggested the US economy remains deep in the doldrums- frustrating Washingtons efforts to kick-start industry and create jobs two years after the last recession ended.Higher ... ...Thu 26th May 2011 - 08:44am
Japans Ricoh to cut 10-000 jobs worldwide
Japanese office equipment and digital camera maker Ricoh says it plans to cut 10-000 jobs worldwide over three years to turn around sagging business operations.Ricoh was hit hard by the 2008-09 global ... ...Thu 26th May 2011 - 08:37am
Gove mining lease wins approval
The Federal Government has announced its approval of a long-term lease covering the Gove Peninsula in the Northern Territory.The area of more than 22-000 hectares takes in the Rio Tinto Alcan mining operations ... ...Thu 26th May 2011 - 08:33am
Gove mining lease wins approval
The Federal Government has announced its approval of a long-term lease covering the Gove Peninsula in the Northern Territory.The area of more than 22-000 hectares takes in the Rio Tinto Alcan mining operations ... ...Thu 26th May 2011 - 08:32am
Arab Spring- nuclear safety- occupy G8 chiefs
The leaders of the worlds great industrial powers met on Thursday to show solidarity with Arab peoples fighting for democracy and with Japans battle to recover from nuclear disaster.President ... ...Thu 26th May 2011 - 08:25am
Housing affordability remains low in Canberra
Canberra has bucked the trend for housing affordability when compared with state capital cities. The Housing Industry Association - Commonwealth Bank Housing Index shows affordability across the country ... ...Thu 26th May 2011 - 08:11am
Housing affordability remains low in Canberra
Canberra has bucked the trend for housing affordability when compared with state capital cities. The Housing Industry Association - Commonwealth Bank Housing Index shows affordability across the country ... ...Thu 26th May 2011 - 08:10am
Market claws back some lost ground
After four consecutive days of falls there was some good news for the local share market today.An overnight rally for commodity prices boosted the mining and energy sectors and the big four banks have ... ...Thu 26th May 2011 - 08:08am
Housing affordability remains low in Canberra
Canberra has bucked the trend for housing affordability when compared with state capital cities. The Housing Industry Association - Commonwealth Bank Housing Index shows affordability in most capitals ... ...Thu 26th May 2011 - 08:04am
Google turning mobile phone into a wallet
Google unveiled a free mobile application on Thursday that turns a smartphone into an electronic wallet.The Internet giant- at a press conference at its New York headquarters with financial partners Citibank ... ...Thu 26th May 2011 - 07:56am
Tata Motors reports booming profit
Indias top vehicle maker Tata Motors on Thursday reported a nearly fourfold increase in annual profit- boosted by booming sales and strong demand for British brands Jaguar and Land Rover.Net profit ... ...Thu 26th May 2011 - 07:52am
Housing affordability remains low in Canberra
Canberra has bucked the trend for housing affordability when compared with state capital cities. The Housing Industry Association - Commonwealth Bank Housing Index shows affordability in most capitals ... ...Thu 26th May 2011 - 07:51am
Internet bosses tell G8 to ensure worlds access to Internet
Internet prime movers including the bosses of Facebook and Google put their proposals to the G8 summit of world leaders on Thursday- calling for governments to guarantee Internet access.Some of the biggest ... ...Thu 26th May 2011 - 07:50am
Plane boneyard destined for Red Centre
The worlds second aircraft storage facility will be set up on a site adjacent to the terminal at Alice Springs Airport. The only other such site for ageing aircraft is a 1-000 hectare facility in ... ...Thu 26th May 2011 - 07:41am
Plane boneyard destined for Red Centre
The worlds second aircraft storage facility will be set up on a site adjacent to the terminal at Alice Springs Airport. The only other such site for ageing aircraft is a 1-000 hectare facility in ... ...Thu 26th May 2011 - 07:32am
Sony forecasts return to profit
Sony has reported its third annual loss in a row after the March 11 earthquake and tsunami- but forecast a return to the black this year despite a huge online attack.The Japanese electronics and entertainment ... ...Thu 26th May 2011 - 07:31am
Perpetual to outsource platform- cuts jobs
Perpetual Ltd has cut 128 jobs and will outsource its private wealth platform as part of a strategy to lift performance under new chief executive Chris Ryan.The majority of job cuts were made this week ... ...Thu 26th May 2011 - 07:27am
GrainCorp says annual profit to rise
The largest harvest in the history of grain handler and marketer GrainCorp Ltd has led to a record half year net profit and upgrade in annual guidance.GrainCorp On Thursday reported a record net profit ... ...Thu 26th May 2011 - 07:22am
Wharf dispute will hurt earnings- Asciano
Ports and rail operator Asciano Ltd expects that an industrial dispute on its wharves will cut its full year earnings by up to 4 million.Asciano operates the Patrick ports and stevedoring business and ... ...Thu 26th May 2011 - 07:20am
Affordability figures give homebuyers hope
There has been a slight improvement in housing affordability in the March quarter- in line with stagnant house price growth during that time.The Housing Industry Association-Commonwealth Bank Housing Affordability ... ...Thu 26th May 2011 - 07:16am
Australia shares up 1.7 pct- biggest one-day gain in 6 months
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares up 1.7 pct- biggest one-day gain in 6 months ...Thu 26th May 2011 - 07:10am
Lagarde plans IMF charm trip to woo China- Brazil
French Finance Minister Christine Lagarde is planning a charm offensive to convince emerging economic powers like China and Brazil that another European should head the IMF- sources said Thursday.Lagarde- ... ...Thu 26th May 2011 - 07:03am
Wharf dispute to set Patrick back months
Stevedoring company Patrick says crippling industrial action at three of its ports will cost the company 8 million and set its operations back up to two months.The Maritime Union of Australia MUA has ... ...Thu 26th May 2011 - 06:59am
Foxtel makes 1.93b bid for Austar
Months of talks have resulted in pay-TV operator Foxtel making a 1.93 billion bid for regional counterpart Austar United Communications- a deal that would create one of Australias largest media businesses.Foxtel ... ...Thu 26th May 2011 - 06:56am
Greek asset sale begins with OTE
Greece on Thursday began a massive asset sale to reduce its rampant debt- with the government calling Germanys Deutsche Telekom to talks over the states remaining stake in Balkans telecom giant ... ...Thu 26th May 2011 - 06:46am
Sony confirms US3.2 bn net loss
Japans Sony has confirmed a US3.2 billion net loss for the fiscal year ended March- blaming the recent strong yen and damage from the March 11 earthquake and tsunami. ...Thu 26th May 2011 - 06:45am
Wharf dispute to set Patrick back months
Stevedoring company Patrick says crippling industrial action at three of its ports will cost the company 8 million and set its operations back up to two months.The Maritime Union of Australia MUA has ... ...Thu 26th May 2011 - 06:43am
Australia shares add 1.7 pct in short-cover rally miners- banks up
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares add 1.7 pct in short-cover rally miners- banks up ...Thu 26th May 2011 - 06:16am
Sony confirms US3.2 bn net loss
Japans Sony has confirmed a US3.2 billion net loss for the fiscal year ended March- blaming the recent strong yen and damage from the March 11 earthquake and tsunami. ...Thu 26th May 2011 - 06:15am
Danish law makes unhappy little Vegemites
Crown Princess Mary may have to resort to pickled herring on toast for breakfast- after news that Vegemite and Marmite have been banned in Denmark because they contain added vitamins.British news reports ... ...Thu 26th May 2011 - 06:01am
Ricoh to cut 9 of global workforce
Japanese office equipment company Ricoh has announced it is cutting its global workforce by nine per cent as it seeks to overhaul its struggling business.The Tokyo-based company announced on Thursday it ... ...Thu 26th May 2011 - 05:47am
Lagarde plans IMF charm trip to woo China- Brazil
French Finance Minister Christine Lagarde is planning a charm offensive to convince emerging economic powers like China and Brazil that another European should head the IMF- sources said Thursday.Lagarde- ... ...Thu 26th May 2011 - 05:37am
Rare earths not exported out of Fremantle
Mining company Lynas Corporation has moved to clarify reports that it has been exporting low level radioactive material through Fremantle Port.The company has been under scrutiny over its proposal to export ... ...Thu 26th May 2011 - 05:32am
Go home for dinner- female CEO
Women will break the glass ceiling when Australian corporate culture dictates that everyone goes home for dinner- Sue Morphet says.The Pacific Brands chief executive says long- family-unfriendly hours ... ...Thu 26th May 2011 - 05:25am
Go home for dinner- female CEO
Women will break the glass ceiling when Australian corporate culture dictates that everyone goes home for dinner- Sue Morphet says.The Pacific Brands chief executive says long- family-unfriendly hours ... ...Thu 26th May 2011 - 05:20am
Arab Spring- nuclear safety- occupy G8 chiefs
G8 chiefs met to call for an end to the violent repression of revolts in Syria and Libya on Thursday and express solidarity with their partner Japan as it recovers from nuclear disaster.According to a ... ...Thu 26th May 2011 - 05:19am
Mortgage arrears hit record highs
A global ratings agency is warning the number of Australian households falling behind on their mortgage repayments has hit a record high.Fitch Ratings says the number of borrowers falling behind on repayments ... ...Thu 26th May 2011 - 05:11am
Ships bypass Freo due to industrial dispute
The Port of Fremantle says a dispute between Patrick Stevedores and the Maritime Union has already seen one vessel bypass the port for Singapore.The Maritime Union is taking week-long industrial action ... ...Thu 26th May 2011 - 05:04am
Mortgage arrears hit record highs
A global ratings agency is warning the number of Australian households falling behind on their mortgage repayments has hit a record high.Fitch Ratings says the number of borrowers falling behind on repayments ... ...Thu 26th May 2011 - 05:00am
Arab Spring- nuclear chills vex G8 chiefs
The leaders of the G8 world powers met in Normandy on Thursday for a summit to discuss ways to support democratic revolutions in the Arab world and help Japan recover from nuclear disaster.In a draft declaration- ... ...Thu 26th May 2011 - 04:57am
Senate hearing discusses Mail Centre noise
Australia Post says it has no plans to move its Rockhampton Mail Centre- in central Queensland despite noise complaints from neighbours.Senator Ian Macdonald says told a Federal Budget estimates hearing ... ...Thu 26th May 2011 - 04:52am
Arab Spring- nuclear chills vex G8 chiefs
The leaders of the G8 world powers meet in Normandy on Thursday for a summit to discuss ways to support democratic revolutions in the Arab world and help Japan recover from nuclear disaster.In a draft ... ...Thu 26th May 2011 - 04:39am
Foxtel bids 1.52 cash for Austar
Pay-TV provider Foxtel has made a bid for Austar United Communications- valuing the target company at 1.93 billion.Foxtel has offered 1.52 in cash for the regional operator- compared with Austars ... ...Thu 26th May 2011 - 04:37am
Go-ahead for more housing in Adelaides south
Housing development at Seaford Heights in Adelaides south is to proceed- the South Australian Government has announced.It has approved a development plan amendment allowing for a buffer zone of about ... ...Thu 26th May 2011 - 04:18am
Plane boneyard destined for Red Centre
The worlds second aircraft storage facility will be set up on a site adjacent to the terminal at Alice Springs Airport. The only other such site for ageing aircraft is a 1-000 hectare facility in ... ...Thu 26th May 2011 - 04:17am
Graincorp says full year profit to rise
The largest harvest in the history of grain handler and marketer GrainCorp Ltd has led to a record half year net profit and upgrade in annual guidance.GrainCorp On Thursday reported a record net profit ... ...Thu 26th May 2011 - 04:00am
Greece asks Deutsche Telekom for talks on OTE stake
The Greek government on Thursday approached Germanys Deutsche Telekom to discuss the sale of the states remaining stake in Balkans telecoms giant OTE- the finance minister said.Finance ... ...Thu 26th May 2011 - 03:54am
HSBC warns of East-West divide on pensions
Global banking giant HSBC warned of a major East-West divide over pensions- as workers in Europe and the US struggle to match their Asian counterparts in adequately saving for retirement.The ... ...Thu 26th May 2011 - 03:45am
Aussie man targeted over 50m oil scheme
US authorities are chasing an Australian trader who boasted about a shitload of money to be made from manipulating the oil market.The alleged scam netted US50 million in illegal profits and ... ...Thu 26th May 2011 - 03:42am
Capex data points to June rate rise
Data showing strong capital expenditure signals an investment boom in the resources sector but could also lead to higher interest rates to dampen growing inflationary pressures- economists say.New private ... ...Thu 26th May 2011 - 03:33am
Ships bypass Freo due to industrial dispute
The Port of Fremantle says a dispute between Patrick Stevedores and the Maritime Union has so far affected the loading or unloading of three vessels.The Martime Union is taking week-long industrial action ... ...Thu 26th May 2011 - 03:23am
Perpetual cuts jobs- to sell platform
Wealth manager Perpetual Ltd has cut 128 jobs and slated its private wealth platform for sale as part of a new strategy to lift performance unveiled by new chief executive Chris Ryan.The majority of job ... ...Thu 26th May 2011 - 03:18am
Renewable energy will only get cheaper- study
A new study has found the future prices of wind- thermal and solar power will only keep falling as more alternative power sources are switched into the energy grid.Researchers say it proves the widespread ... ...Thu 26th May 2011 - 03:18am
Dodgy builders face lockout
Some contractors could be locked out of ACT Government building projects under a new regime of checks for the construction industry.The ACT Government is pressing ahead with moves to audit all contractors ... ...Thu 26th May 2011 - 03:05am
Dodgy builders face lockout
Some contractors could be locked out of ACT Government building projects under a new regime of checks for the construction industry.The ACT Government is pressing ahead with moves to audit all contractors ... ...Thu 26th May 2011 - 03:03am
Capex data points to June rate rise
Strong capital expenditure data from the March quarter may mean there will be an interest rate rise in June- economists say.New private capital expenditure rose 3.4 per cent in real terms- seasonally adjusted- ... ...Thu 26th May 2011 - 02:35am
Capex data points to June rate rise
Strong capital expenditure data from the March quarter may mean there will be an interest rate rise in June- economists say.New private capital expenditure rose 3.4 per cent in real terms- seasonally adjusted- ... ...Thu 26th May 2011 - 02:21am
Capex data points to June rate rise
Strong capital expenditure data from the March quarter may mean there will be an interest rate rise in June- economists say.New private capital expenditure rose 3.4 per cent in real terms- seasonally adjusted- ... ...Thu 26th May 2011 - 02:16am
Austar receives 2b takeover bid from Foxtel
Pay TV provider Austar says it has received a takeover offer from rival Foxtel- valuing the company at close to 2 billion.The offer of 1.52 per share represents 20 per cent more than yesterdays ... ...Thu 26th May 2011 - 01:55am
Dodgy builders face lockout
Some contractors could be locked out of ACT Government building projects under a new regime of checks for the construction industry.The ACT Government is pressing ahead with moves to audit all contractors ... ...Thu 26th May 2011 - 01:53am
New measures to safeguard gas supply
An underground facility in the mid-west will store enough gas to supply Perth households for two months- under a Government plan to prepare for shortages.The government today announced the expansion of ... ...Thu 26th May 2011 - 01:40am
Capital expenditure up 3.4 in Mar qtr
New private capital expenditure rose 3.4 per cent in real terms- seasonally adjusted- in the March quarter- the Australian Bureau of Statistics ABS said on Thursday.The median market forecast was for ... ...Thu 26th May 2011 - 01:36am
Australia shares ride commodity prices higher BHP- Rio lead
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares ride commodity prices higher BHP- Rio lead ...Thu 26th May 2011 - 01:35am
Aust capex rose 3.4 in Mar qtr
New private capital expenditure rose 3.4 per cent in real terms- seasonally adjusted- in the March quarter- the Australian Bureau of Statistics ABS said on Thursday.The median market forecast was for ... ...Thu 26th May 2011 - 01:35am
ETSA defends need for sharp power price rise
ETSA has defended the need for a sharp rise in electricity prices from July.It says work is being done to secure South Australias power supply and boost network capacity.The average household bill ... ...Thu 26th May 2011 - 01:33am
Greens call to close down coal industry far-fetched
Queensland Premier Anna Bligh says the Australian Greens call to shut down the coal industry is a radical idea that does not help the climate change debate.The Australian Greens have called for coal mining ... ...Thu 26th May 2011 - 01:32am
Commodity prices yet to peak- says RBA
The commodity prices boom fuelling Australias economy is being driven by a strengthening global economy and is likely to continue for some time- a central bank official says.Reserve Bank of Australia ... ...Thu 26th May 2011 - 01:31am
Vulnerability to rate rises increasing-RBA
A rise in borrowing has made Australian households more sensitive to changes in interest rates- but a rise in savings at the same time may save them- a central bank official says.Reserve Bank of Australia ... ...Thu 26th May 2011 - 01:29am
New measures to safeguard gas supply
An underground facility in the mid-west will store enough gas to supply Perth households for two months- under a Government plan to prepare for shortages.The government today announced the expansion of ... ...Thu 26th May 2011 - 01:29am
ETSA defends need for sharp power price rise
ETSA has defended the need for a sharp rise in electricity prices from July.It says work is being done to secure South Australias power supply and boost network capacity.The average household bill ... ...Thu 26th May 2011 - 01:27am
ETSA defends need for sharp power price rise
ETSA has defended the need for a sharp rise in electricity prices from July.It says work is being done to secure South Australias power supply and boost network capacity.The average household bill ... ...Thu 26th May 2011 - 01:26am
Commodity prices yet to peak- says RBA
The commodity prices boom fuelling Australias economy is being driven by a strengthening global economy and is likely to continue for some time- a central bank official says.Reserve Bank of Australia ... ...Thu 26th May 2011 - 01:15am
Foxtel bids 1.52 cash for Austar
Pay-TV provider Foxtel has made a bid for Austar United Communications- valuing the target company at 1.93 billion.Foxtel has offered 1.52 in cash for the regional operator- compared with Austars ... ...Thu 26th May 2011 - 12:48am
Foxtel bids 1.52 cash for Austar
Pay-TV provider Foxtel has made a bid for Austar United Communications- valuing the target company at 1.93 billion.Foxtel has offered 1.52 in cash for the regional operator- compared with Austars ... ...Thu 26th May 2011 - 12:42am
Foxtel bids 1.52 cash for Austar
Pay-TV provider Foxtel has made a bid for Austar United Communications- valuing the target company at 1.93 billion.Foxtel has offered 1.52 in cash for the regional operator- compared with Austars ... ...Thu 26th May 2011 - 12:18am
Australia shares rebound 0.8 pct as BHP- Rio- banks bounce
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares rebound 0.8 pct as BHP- Rio- banks bounce ...Thu 26th May 2011 - 12:16am
Foxtel bids 1.52 cash for Austar
Pay-TV provider Foxtel has made a bid for Austar United Communications- valuing the target company at 1.93 billion.Foxtel has offered 1.52 in cash for the regional operator- compared with Austars ... ...Thu 26th May 2011 - 12:15am
New measures to safeguard gas supply
Storing gas underground near the Midwest town of Dongara is one of measures to be announced today to boost the security of the States energy supplies.It is understood the Mondarra facility would store ... ...Thu 26th May 2011 - 12:12am
Graincorp says full year profit to rise
Grain handler and marketer Graincorp Ltd has posted half year net profit up 66 per cent- and has lifted guidance for earnings and profit for the full year.Graincorp reported net profit in the first half ... ...Thu 26th May 2011 - 12:03am
Queenslands building activity drop disturbing
A report by the Australian Bureau of Statistics ABS shows building activity in Queensland dropped by almost 4 per cent in the past quarter- despite the national average rising 0.7 per ent.The construction ... ...Thu 26th May 2011 - 12:00am
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