Finance News, Monday 11th July 2011
Foxtel says it now has Austar
Pay TV broadcaster Foxtel says it has secured its 2.5 billion takeover for Austar- in a move to shore up its hold on the sector in the face of competition from free-to-air channels.Austar said its listed ... ...Mon 11th July 2011 - 11:51pm
NT seeks new airline as Tiger stays grounded
The Northern Territorys Tourism Minister says it is essential that Alice Springs is serviced by more than one airline.With Tiger Airways grounded- Qantas is the only airline operating flights in and ... ...Mon 11th July 2011 - 11:51pm
Australia shares poised to open weaker on U.S.- euro zone jitters
MARKETS-AUSTRALIA-STOCKS-Australia shares poised to open weaker on U.S.- euro zone jitters ...Mon 11th July 2011 - 11:37pm
Transurbans FY11 toll revenue higher
Toll road owner Transurban Groups revenue in the three months to June was up by 13.9 per cent- capping a 10 per cent rise in revenue for the financial year.The owner of roads including Sydneys ... ...Mon 11th July 2011 - 11:35pm
Carbon case studies- What do families think
Amid all the hype and spin- what do Australians really think about the carbon tax Two households give their verdict on the Federal Governments carbon pricing initiative.John DavidsonLives in Maryborough- ... ...Mon 11th July 2011 - 11:30pm
Obama urges Republicans to yield on debt
President Barack Obama- aiming to break an impasse in crisis talks on US debt- has urged his Republican foes to accept a politically painful compromise to avert a likely economic calamity.I do not ... ...Mon 11th July 2011 - 11:22pm
International alliance buys defence clothing maker
A central Victorian clothing manufacturer says its new owners are committed to continuing business in the region.The Bendigo-based Australian Defence Apparel ADA has been sold for an undisclosed price ... ...Mon 11th July 2011 - 11:00pm
Farmers dirty over Chinese fertiliser shipment
The Australian Quarantine and Inspection Service AQIS has come under fire after 600 tonnes of what was supposed to be Chinese fertiliser turned out to be dirt.A dozen farmers from Condobolin in western ... ...Mon 11th July 2011 - 10:47pm
Greens demand NSW coal power closures
The New South Wales Greens are pushing the State Government to shut down two on the nations oldest and most polluting power stations.The carbon tax has prompted the State Government to consider the ... ...Mon 11th July 2011 - 10:27pm
BSkyB shares continue to slide
Shares in BSkyB have closed nearly five per cent lower after a day in which News Corp defied City expectations that it would dump its proposed bid for the satellite broadcaster.Rupert Murdochs company ... ...Mon 11th July 2011 - 10:21pm
Steelmaker unfazed by carbon tax
The proponent of a large steel plant project in Gladstone in central Queensland says the Federal Governments carbon tax will not have a major economic impact on its plans.Boulder Steel wants to build ... ...Mon 11th July 2011 - 10:00pm
Hockey outlines carbon tax hurt
Federal Opposition treasury spokesman Joe Hockey will continue his anti-carbon tax campaign through Queensland- visiting Rockhampton in the states central region today.Mr Hockey addressed an anti-carbon ... ...Mon 11th July 2011 - 09:33pm
Truckies quit over cattle trade delays
Australias largest livestock trucking company says cattle trucks are sitting idle in western Queensland- despite the resumption of the live cattle trade to Indonesia.Road Trains of Australia RTA ... ...Mon 11th July 2011 - 09:13pm
Obama urges Republicans to yield on debt
President Barack Obama- aiming to break an impasse in crisis talks on US debt- has urged his Republican foes to accept a politically painful compromise to avert a likely economic calamity.I do not ... ...Mon 11th July 2011 - 07:23pm
BSkyB shares continue to slide
Shares in BSkyB have closed nearly five per cent lower after a day in which News Corp defied City expectations that it would dump its proposed bid for the satellite broadcaster.Rupert Murdochs company ... ...Mon 11th July 2011 - 05:10pm
EU races to contain eurozone debt crisis
Eurozone finance ministers kicked off critical talks on a new rescue for Greece on Monday- but their meeting was being overtaken by severe debt crisis contagion in Italy and Spain.With the fate of the ... ...Mon 11th July 2011 - 03:51pm
Obama- Republicans face return to stalled debt talks
President Barack Obama and his Republican foes headed Tuesday into a third straight day of talks seeking an elusive deal to avert a potentially ruinous early August default on US debt payments.The 3-45 ... ...Mon 11th July 2011 - 12:57pm
Brazil to split bidding for high-speed rail project
Brazilian officials said Monday that they would hold two separate bids for a high-speed rail line between Rio de Janeiro and Sao Paulo- a project worth some 18 billion dollars.The construction plan- one ... ...Mon 11th July 2011 - 12:40pm
Greek PM blasts EU cacophony on debt crisis
Greek Prime Minister George Papandreou early Tuesday urged fellow EU leaders to end division over the blocs sovereign debt crisis with a resonant message to sceptical markets.There ... ...Mon 11th July 2011 - 12:36pm
Strike halts worlds largest copper producer
Workers at the worlds largest copper producer- Chiles Codelco- went on strike Monday for 24 hours over modernization plans they fear amount to privatization.The companys first strike in ... ...Mon 11th July 2011 - 12:23pm
Greek PM blasts EU cacophony on debt crisis
Greek Prime Minister George Papandreou early Tuesday warned fellow EU leaders to end division over the blocs sovereign debt crisis with a resonant message to sceptical markets.There ... ...Mon 11th July 2011 - 12:09pm
Alcoa Q2 net more than doubles on higher prices
US aluminum giant Alcoa kicked off corporate earnings season Monday- reporting that its net income in the second quarter was 322 million- more than double the level from the same period last year.Boosted ... ...Mon 11th July 2011 - 11:10am
UK hacking scandal widens with Brown- royal claims
Britains phone hacking scandal spiralled Monday amid reports that former premier Gordon Brown and the royals were targeted- as the government dealt a blow to Rupert Murdochs bid for pay-TV giant ... ...Mon 11th July 2011 - 11:09am
Labor MPs deny carbon tax anxiety
Federal Labor MPs representing coal and steel electorates have issued a joint statement rejecting Opposition claims they are angry about the Governments carbon policy.Federal ministers and their Opposition ... ...Mon 11th July 2011 - 11:00am
Macarthur targeted by Peabody- Arcelor
US energy giant Peabody Energy Corp is making its second tilt for Macarthur Coal within 14 months- this time in a 5 billion bid in tandem with the worlds largest steel maker- ArcelorMittal.The Luxembourg-headquartered ... ...Mon 11th July 2011 - 10:36am
Volkswagen posts record sales
Germanys Volkswagen group sold a record four million vehicles in the first half of 2011 and hopes to reach the eight million mark for the year- the groups CEO announced Monday in a statement.First-half ... ...Mon 11th July 2011 - 10:26am
Oil falls on China- eurozone debt worries
Oil prices dropped Monday- pressured by growing market concerns about the slowing Chinese economy and the eurozone debt crisis.New Yorks main contract- light sweet crude for delivery in August- closed ... ...Mon 11th July 2011 - 10:23am
Obama- Republicans still deadlocked on debt deal
President Barack Obama on Monday pressed his Republican foes to accept a politically painful compromise on US debt in the face of an August 2 deadline to avert a likely economic calamity.I do not ... ...Mon 11th July 2011 - 09:53am
More bad news for PM in latest poll
A new poll- taken in the week before yesterdays release of the climate plan- has the Government losing an election in a landslide and for the first time has Opposition Leader Tony Abbott as preferred ... ...Mon 11th July 2011 - 09:50am
Strike halts worlds largest copper producer
Workers at the worlds largest copper producer- Chiles Codelco- went on strike Monday for 24 hours over modernization plans they fear amount to privatization.The companys first strike in ... ...Mon 11th July 2011 - 09:36am
Macarthur targeted by Peabody- Arcelor
US-based Peabody Energy Corporation has launched its second takeover bid for miner Macarthur Coal Ltd- this time jointly with the worlds largest steel maker- ArcelorMittal.Macarthur said in a statement ... ...Mon 11th July 2011 - 09:19am
Bettina Liano placed in administration
Australian womens fashion label Bettina Liano has been placed in voluntary administration.The brand was established in 1984 and employs 90 people in Australia.Ferrier Hodgson partners John Lindholm ... ...Mon 11th July 2011 - 08:29am
Boeing upgrades outlook for Oceania
Boeing says airlines in Australia- New Zealand and the South Pacific will purchase 970 new aircraft in the next 20 years- 50 more than what the aircraft manufacturer forecast a year ago.The upgraded outlook ... ...Mon 11th July 2011 - 08:27am
Obama- Republicans still deadlocked on debt deal
President Barack Obama- aiming to break an impasse in crisis talks on US debt- urged his Republican foes on Monday to accept a politically painful compromise to avert a likely economic calamity.I ... ...Mon 11th July 2011 - 08:26am
Airlines count the cost of carbon
Australias major airlines say domestic travellers will bear the full brunt of the federal governments carbon plan.Qantas and Virgin Australia say they cannot absorb the higher cost of fuel when ... ...Mon 11th July 2011 - 08:11am
Carbon tax boosts CO2 sinks- geothermal
Investors piled into carbon sequestration and renewable energy stocks in the wake of the carbon tax plan- while emissions-intensive sectors such as coal- steel and transport lost ground.Shares in geothermal ... ...Mon 11th July 2011 - 08:02am
UK hacking scandal widens with Brown- royal claims
Britains phone hacking scandal spiralled Monday amid reports that former premier Gordon Brown and the royals were targeted- as the government dealt a blow to Rupert Murdochs bid for pay-TV giant ... ...Mon 11th July 2011 - 08:00am
Vietnam wins WTO anti-dumping case against US
Vietnam scored a victory Monday in its first challenge at the World Trade Organization against the United States over anti-dumping measures imposed by Washington on frozen shrimps.The trade watchdog found ... ...Mon 11th July 2011 - 07:41am
Qantas pilots vote for industrial action
Qantas pilots have agreed to take industrial action for the first time in 45 years.A ballot for protected action was sent to long-haul pilots a couple of weeks ago and today the result has come back with ... ...Mon 11th July 2011 - 07:39am
Carbon tax boosts CO2 sinks- geothermal
Investors piled into carbon sequestration and renewable energy stocks in the wake of the carbon tax plan- while emissions-intensive sectors such as coal- steel and transport lost ground.Shares in geothermal ... ...Mon 11th July 2011 - 07:35am
Macarthur targeted by Peabody- Arcelor
US-based Peabody Energy Corporation has launched its second takeover bid for miner Macarthur Coal Ltd- this time jointly with the worlds largest steel maker- ArcelorMittal.Macarthur said in a statement ... ...Mon 11th July 2011 - 07:33am
European stocks slump- Wall Street falters
European stock markets fell heavily on Monday with the eurozone debt crisis taking a vicious lurch towards contagion which also affected Wall Street where shares also retreated in afternoon trading.In ... ...Mon 11th July 2011 - 07:27am
Euro slumps on alarm signals from eurozone bond market
The euro fell sharply against the dollar on Monday and the eurozone sovereign debt market rang a string of loud alarms that the eurozone debt crisis is in the process of sucking in Italy and Spain.It was ... ...Mon 11th July 2011 - 07:18am
Australia shares drop 1.6 pct- rattled by carbon tax
MARKETS-AUSTRALIA-STOCKSUPDATE 5-Australia shares drop 1.6 pct- rattled by carbon tax ...Mon 11th July 2011 - 07:13am
Airlines count the cost of carbon
Australias major airlines say domestic travellers will bear the full brunt of the federal governments carbon plan.Qantas and Virgin Australia say they cannot absorb the higher cost of fuel when ... ...Mon 11th July 2011 - 07:06am
Carbon to raise building costs- industry
The cost of building a new home will rise under the carbon pricing scheme- with the lowest emission building products suffering the greatest price rises- the building and construction industry says.Jobs ... ...Mon 11th July 2011 - 07:04am
Wesfarmers renews reinsurance program
Wesfarmers Ltd has renewed its Australian and New Zealand reinsurance program for the new financial year and increased its event limit to 750 million due a spate of natural disasters.The group has lowered ... ...Mon 11th July 2011 - 07:00am
Caltex says carbon compo not enough
Oil refiner and marketer Caltex Australia says it will continue to fight for complete compensation from the federal government to offset the effect of the carbon pricing scheme.Under the scheme announced ... ...Mon 11th July 2011 - 06:57am
Airlines count the cost of carbon
Australias major airlines say domestic travellers will bear the full brunt of the federal governments carbon plan.Qantas and Virgin Australia say they cannot absorb the higher cost of fuel when ... ...Mon 11th July 2011 - 06:57am
Carbon tax will cut emissions- economists
Economists say that- although the compensation measures may blunt the effectiveness of the carbon tax- it should still have the desired effect of encouraging people to rely less on high-polluting energy.HSBCs ... ...Mon 11th July 2011 - 06:52am
UK hacking scandal widens with Brown- royal claims
Britains phone hacking scandal spiralled Monday amid reports that other Rupert Murdoch papers were involved- while the government referred the media moguls bid for pay-TV BSkyB to a watchdog.In ... ...Mon 11th July 2011 - 06:49am
European stocks slump
European stock markets slumped on Monday- with banks hit by increasing signs that the eurozone debt crisis is spreading to Italy- as EU policymakers headed to an urgent meeting on Greece. In London- BSkyB ... ...Mon 11th July 2011 - 06:46am
Obama presses Republicans on debt deal
President Barack Obama- aiming to break an impasse in crisis talks on US debt- declared himself ready on Monday to pay the political price of a painful compromise and pressed his Republican foes to do ... ...Mon 11th July 2011 - 06:39am
Carbon compo could help Christmas sales
Retailers say compensation payments for the carbon tax could help boost Christmas sales- but opposition to the tax may encourage people to save even more.Australian National Retailers Association ANRA ... ...Mon 11th July 2011 - 06:38am
Britain refers BSkyB deal after concessions withdrawn
The British government Monday referred a bid by Rupert Murdochs News Corporation for BSkyB to competition authorities after the media giant withdrew concessions it had offered to push through the ... ...Mon 11th July 2011 - 06:38am
Australia shares drop 1.6 pct- rattled by carbon tax
MARKETS-AUSTRALIA-STOCKSUPDATE 3-Australia shares drop 1.6 pct- rattled by carbon tax ...Mon 11th July 2011 - 06:35am
Carbon tax could hit regional air services
Regional airlines in Tasmania have warned they may have to cut air services to the bush- under the carbon tax.The head of the nationwide carrier Regional Express- Chris Hine- says increases to the tax ... ...Mon 11th July 2011 - 06:17am
Strike at US mining giant in Indonesia to end
Workers at US company Freeport McMoRans giant gold and copper mine in Indonesias Papua region agreed on Monday to end a strike that has lasted more than a week.We have signed an agreement ... ...Mon 11th July 2011 - 06:13am
Pollies dig in at opposite ends of tax divide
Chief Minister Paul Henderson says the majority of people in the Northern Territory will be better off under the Federal Governments carbon tax.Mr Henderson says electricity prices will only go up ... ...Mon 11th July 2011 - 06:00am
Britain refers Murdoch deal after concessions withdrawn
The British government Monday referred a bid by Rupert Murdochs News Corporation for BSkyB to competition regulators after the media giant withdrew concessions it had offered to push through the deal.The ... ...Mon 11th July 2011 - 05:56am
Obama vows deal to avert default by August 2
US President Barack Obama vowed Monday that he would reach a deal with Republican opponents to avert a potentially catastrophic debt default by a crucial deadline in three weeks time.Asked if he had a ... ...Mon 11th July 2011 - 05:53am
Port Augusta Mayor prepares for job losses
The Mayor of Port Augusta- Joy Baluch- says the impending closure of one of the citys power stations will hurt the community.Alinta Energy is in talks with the South Australian Government about shutting ... ...Mon 11th July 2011 - 05:44am
Obama says US debt default not acceptable
President Barack Obama said Monday it was not acceptable for the United States to default on its debt and vowed to meet with Republican opponents every single day until a deal is reached.I ... ...Mon 11th July 2011 - 05:36am
Dick Smith offers discount after web error
Dick Smith customers who bought products online in New Zealand during a glitch that saw products apparently being sold for free- are being offered a 10 per cent discount.The electronics retailers took ... ...Mon 11th July 2011 - 05:34am
News Corp. withdraws BSkyB bid concessions amid scandal
Rupert Murdochs News Corporation on Monday withdrew its offer to hive off Sky News as a concession to the British government in its bid to take full control of BSkyB- the company said.News Corporation ... ...Mon 11th July 2011 - 05:29am
Virgin says fares to rise on carbon plan
Virgin Australia says its domestic airfares will rise about 3 due to the federal governments proposed carbon price.The exact increase would depend on the length of the flight taken- Virgin said in ... ...Mon 11th July 2011 - 05:29am
Obama says US debt default not acceptable
President Barack Obama said Monday it was not acceptable for the United States to default on its debt and vowed to meet with congressional leaders every single day to forge a deal.I continue ... ...Mon 11th July 2011 - 05:27am
Tas Libs warning on carbon tax
Tasmanias Liberal Senators have travelled to the north west of the state- to argue the carbon tax will be bad for business.The Shadow Assistant Treasurer Senator Mathias Corman accompanied the Tasmanian ... ...Mon 11th July 2011 - 05:27am
Virgin says fares to rise on carbon plan
Virgin Australia says its domestic airfares will about 3 due to the federal governments proposed carbon price.The exact increase would depend on the length of the flight taken- Virgin said in a statement ... ...Mon 11th July 2011 - 05:23am
Shares down on US- China- Europe and carbon
The Australian share market has wilted under the impact of the carbon tax- poor US jobs numbers- surging Chinese inflation and European debt.The All Ordinaries index was down 1.5 per cent at 4-647 by 2-37pm ... ...Mon 11th July 2011 - 05:22am
Data suggests housing sector is recovering
Another rise in home loans in May suggests the housing market is starting to pick up after a slowdown earlier in the year.The number of home loans approved in May rose 4.4 per cent- around the growth rate ... ...Mon 11th July 2011 - 05:16am
Qantas pilots to take industrial action
Qantas long-haul pilots have voted to take industrial action.The pilots union says it will discuss this weekend what form the action will take.But it says a strike would be an absolute last ... ...Mon 11th July 2011 - 05:08am
Qantas pilots vote for industrial action
Qantas pilots have voted in favour of wide-ranging industrial action including striking over job security and pay.The support was overwhelming with three-quarters of the pilots votes counted by the ... ...Mon 11th July 2011 - 05:04am
Cattle industry spurns Centrelink export ban aid
Cattle producers and businesses in northern Australia affected by the live export ban have been slow to apply for hardship payments offered by the Federal Government.Centrelink figures show less than 40 ... ...Mon 11th July 2011 - 05:03am
Qantas pilots to take industrial action
Qantas long-haul pilots have voted to take industrial action.The pilots union says it will discuss this weekend what form the action will take.But it says a strike would be an absolute last ... ...Mon 11th July 2011 - 04:57am
Carbon tax call on surplus not dramatically significant
Treasurer Wayne Swan has admitted the climate change package will decrease the projected budget surplus despite earlier promising the package would be revenue-neutral.Mr Swan says there will be up-front ... ...Mon 11th July 2011 - 04:57am
Virgin says fares to rise on carbon plan
Virgin Australia says its domestic airfares will about 3 due to the federal governments proposed carbon price.The exact increase would depend on the length of the flight taken- Virgin said in a statement ... ...Mon 11th July 2011 - 04:52am
Aviation gas hike fuels fear in NT cattle country
Northern Territory cattle producers are concerned about the inclusion of aviation gas in the Federal Governments carbon tax.Under the scheme announced by the Government on Sunday- the domestic aviation ... ...Mon 11th July 2011 - 04:38am
Caltex says carbon compo not enough
Oil refiner and marketer Caltex Australia says it will continue to fight for complete compensation from the federal government to offset the effect of the carbon pricing scheme.Under the scheme announced ... ...Mon 11th July 2011 - 03:59am
Carbon case studies- What do families think
Amid all the hype and spin- what do Australians really think about the carbon tax Two households give their verdict on the Federal Governments carbon pricing initiative.John DavidsonLives in Maryborough- ... ...Mon 11th July 2011 - 03:28am
Carbon tax compo aimed at most needy- Gillard
Prime Minister Julia Gillard has conceded some households will be losers under the climate change plan- saying there is no way of sugar-coating any of this.Yes- there are some people ... ...Mon 11th July 2011 - 03:27am
Abbott decries socialist carbon scheme
Opposition Leader Tony Abbott says millions of Australians will be worse off under the Governments carbon price scheme.Prime Minister Julia Gillard has unveiled the details of the scheme ... ...Mon 11th July 2011 - 03:27am
Brown welcomes great green action day
Greens leader Bob Brown says there were times during negotiations on the climate change package that it looked like the talks would collapse.Prime Minister Julia Gillard has unveiled details of her carbon ... ...Mon 11th July 2011 - 03:27am
Independents hail carbon win for regional Australia
Key independents Rob Oakeshott and Tony Windsor have praised fellow members of the Multi-Party Climate Change Committee for arriving at the carbon tax plan.Prime Minister Julia Gillard today confirmed ... ...Mon 11th July 2011 - 03:26am
Gillard reveals carbon price scheme
Australian households will be handed more than 15 billion in compensation to help offset the impact of the Governments new carbon tax- Prime Minister Julia Gillard has confirmed.Some 90 per cent ... ...Mon 11th July 2011 - 03:26am
Passenger charged following assault on train
A man from Semaphore Park in Adelaides north-west has been charged over an indecent assault on a Belair train last month.The 29-year-old was arrested last night after a security officer on a train ... ...Mon 11th July 2011 - 03:19am
Govt accused of scare campaign over Hazelwood
Environment Victoria has rejected claims the state will face power shortages if Hazelwood power station is closed.The plant- near Morwell- produces a quarter of the states electricity and is likely ... ...Mon 11th July 2011 - 03:13am
Qantas quantifies carbon price impact
Qantas says the proposed carbon price will cost it more than 100 million next financial year- which will be passed on to domestic flyers with a 3.50 fare increase.Qantas is one of the first major companies ... ...Mon 11th July 2011 - 03:03am
Premier predicts extreme growth for WA
The Premier Colin Barnett has told a conference of Asian business leaders that WA is heading into its third period of extreme growth.He told the Board Forum for Asia Conference that Western Australia is ... ...Mon 11th July 2011 - 03:01am
Australia shares drop 1.2 pct- unsettled by carbon tax
MARKETS-AUSTRALIA-STOCKSUPDATE 2-Australia shares drop 1.2 pct- unsettled by carbon tax ...Mon 11th July 2011 - 02:45am
Tasmanian power bills up with carbon tax
Tasmanians have been told to expect a hit to their electricity bills as a result of the carbon tax.The electricity retailer- Aurora Energy- says it expects to add 11 million to the running of the gas-fired ... ...Mon 11th July 2011 - 02:45am
Home loans rise 4.4 in May
A 4.4 per cent rise in home loans in May suggests the housing market is starting to pick up after the slowdown earlier in the year following Novembers rate rise.The number of home loans approved in ... ...Mon 11th July 2011 - 02:35am
Shares in carbon sink firms jump 12
Shares in Carbon Conscious and CO2 Group jumped more than 12 per cent as investors bet the carbon sink developers would be key beneficiaries of the governments carbon pricing scheme.By 1217 AEST- ... ...Mon 11th July 2011 - 02:28am
Home build costs rise under CO2 plan- HIA
Jobs in Australias home building sector will be lost under the carbon pricing scheme- while the cost of building a home will rise- an industry group says.The Housing Industry Association HIA says ... ...Mon 11th July 2011 - 02:25am
Carbon tax gets mixed reaction in Top End
The Governments carbon tax has divided industry groups based in the Northern Territory.Mining groups say the carbon tax will add substantial costs to their operations and have an impact on communities ... ...Mon 11th July 2011 - 02:21am
Home loans rise 4.4 in May
A 4.4 per cent rise in home loans in May suggests the housing market is starting to pick up after the slowdown earlier in the year following Novembers rate rise.The number of home loans approved in ... ...Mon 11th July 2011 - 02:17am
Coal maintains rage- but renewables see bright future
Prime Minister Julia Gillards promises of more than 9 billion in industry aid to offset the effects of the carbon tax has not pacified coal and power industries- but for the renewable energy sector ... ...Mon 11th July 2011 - 02:16am
Home loans rise 4.4 in May
A 4.4 per cent rise in home loans in May suggests the housing market is starting to pick up after the slowdown earlier in the year following Novembers rate rise.The number of home loans approved in ... ...Mon 11th July 2011 - 02:02am
Home build costs rise under CO2 plan- HIA
Jobs in Australias home building sector will be lost under the carbon pricing scheme- while the cost of building a home will rise- an industry group says.The Housing Industry Association HIA says ... ...Mon 11th July 2011 - 01:53am
Companies see opportunities in carbon scheme
While most of the major business lobby groups have come out in opposition to the Governments carbon tax- other large firms say the long-term positives outweigh the short-term costs.Construction giant ... ...Mon 11th July 2011 - 01:48am
Qantas to be hit by carbon price cost
Qantas Airways Ltd says the governments carbon pricing scheme will have a cost impact of about 110 million to 115 million in 2012-13.Qantas also says it will need to fully pass on the carbon price ... ...Mon 11th July 2011 - 01:36am
Home loans rose 4.4 in May
The number of home loans approved in May rose 4.4 per cent- to a seasonally adjusted 49-437- official data shows.Economists forecasts had centred on a 4.5 per cent rise in housing finance commitments ... ...Mon 11th July 2011 - 01:32am
Origin says CO2 plan will keep lights on
Origin Energy says consumers can expect the lights to stay on under the carbon pricing scheme- as it provides enough certainty to the electricity sector for continued investment in power generation.The ... ...Mon 11th July 2011 - 01:28am
Tasmanias mixed response to carbon tax
Tasmanias small to medium sized businesses are likely to be hit hard by the carbon tax- while the states biggest polluters are expected to be satisfied with industry compensation measures outlined ... ...Mon 11th July 2011 - 01:25am
Industry says carbon tax to cost jobs
Most industry groups have responded negatively to yesterdays carbon price revelations- saying the scheme is unfair and will cost jobs.Australias 500 biggest polluters will pay an initial set ... ...Mon 11th July 2011 - 01:03am
Qantas to be hit by carbon price cost
Qantas Airways Ltd says the governments carbon pricing scheme will have a cost impact of about 110 million to 115 million in 2012-13.Qantas also says it will need to fully pass on the carbon price ... ...Mon 11th July 2011 - 12:59am
Carbon case studies- What do families think
Amid all the hype and spin- what do Australians really think about the carbon tax Two households give their verdict on the Federal Governments carbon pricing initiative.John DavidsonLives in Maryborough- ... ...Mon 11th July 2011 - 12:52am
Wesfarmers renews reinsurance program
Wesfarmers Ltd has renewed its Australian and New Zealand reinsurance program for the new financial year and increased its event limit to 750 million due a spate of natural disasters.The group has lowered ... ...Mon 11th July 2011 - 12:26am
Vacancy signs as tourism operators struggle
Accommodation operators in the North West are struggling to fill beds with a new survey revealing average hotel occupancy has slumped to almost 30 per cent in some towns.The Australian Bureau of Statistics ... ...Mon 11th July 2011 - 12:23am
Carbon tax compo aimed at most needy- Gillard
Prime Minister Julia Gillard has conceded some households will be losers under the climate change plan- saying there is no way of sugar coating any of this.Yes- there are some people ... ...Mon 11th July 2011 - 12:15am
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