Finance News, Monday 25th July 2011
BHP gets US shale gas takeover approval
BHP Billiton has received approval from the US competition regulator for its US15.1 billion A14 billion takeover of shale gas company Petrohawk Energy.The approval came as the worlds biggest miner ... ...Mon 25th July 2011 - 11:50pm
Shares slide on US debt impasse
Fears the United States could default on its debt unsettled world stock markets and drove gold and the Swiss franc to records.In the US- Democrats and Republicans have so far come up with competing plans ... ...Mon 25th July 2011 - 11:48pm
Mining union wins rights to bargain in Pilbara
A mining union has won a landmark legal victory that allows it to bargain on pay and conditions for workers in the Pilbaras booming iron ore operations.The full bench of the Federal Court has agreed ... ...Mon 25th July 2011 - 11:29pm
Premier urges Greens back to the forestry table
The Tasmanian Premier is urging the Australian Greens to come back to the table over the deal to end logging in most public native forests.Lara Giddings appeared on ABC1s Q and A program last night ... ...Mon 25th July 2011 - 11:28pm
Mining union wins rights to bargain in Pilbara
A mining union has won a landmark legal victory that allows it to bargain on pay and conditions for workers in the Pilbaras booming iron ore operations.The full bench of the Federal Court has agreed ... ...Mon 25th July 2011 - 11:26pm
NZ June trade surplus NZ230m
A NZ230 million A183.91 million trade surplus recorded for June was slightly up from a year earlier but below market expectations.Exports for the month rose 4.7 per cent or NZ176 million A140.73 ... ...Mon 25th July 2011 - 11:21pm
Australia shares seen flat in face of U.S. debt standoff
MARKETS-AUSTRALIA-STOCKS-Australia shares seen flat in face of U.S. debt standoff ...Mon 25th July 2011 - 11:20pm
Mixed response to forests deal
The Tasmanian Greens have vowed to fight a forest peace deal brokered by the state and federal governments at the weekend.Environmental groups have cautiously welcomed the historic agreement- which effectively ... ...Mon 25th July 2011 - 11:00pm
Cash aims to boost Kangaroo Island tourism
The South Australian Government wants to upgrade and expand Kangaroo Islands airport to cope with more tourists.The Government has commissioned a business study into the airport as part of a range ... ...Mon 25th July 2011 - 10:51pm
Premier urges Greens back to the forestry table
The Tasmanian Premier is urging the Australian Greens to come back to the table over the deal to end logging in most public native forests.Lara Giddings appeared on ABC1s Q and A program last night ... ...Mon 25th July 2011 - 10:47pm
Premier urges Greens back to the forestry table
The Tasmanian Premier is urging the Australian Greens to come back to the table over the deal to end logging in most public native forests.Lara Giddings appeared on ABC1s Q and A program last night ... ...Mon 25th July 2011 - 10:31pm
Russia raises grain export forecast
Russia raised its 2011 grain export forecast on Monday to 20 million tonnes after a year-long absence from global markets which was a factor in a rise in world food prices last year.We have to reconquer ... ...Mon 25th July 2011 - 10:22pm
Britain- India strike major trade deals
British and Indian businesses signed trade and investment deals worth more than US1.6 billion A1.48 billion in London on Monday- in the latest round of annual talks on boosting economic ties.Britains ... ...Mon 25th July 2011 - 10:22pm
Obama to address Americans on debt impasse
President Barack Obama plans to address Americans late Monday on the impasse in negotiations over a deal to avert a US debt default- the White House said.White House spokesman Jay Carney said in a Twitter ... ...Mon 25th July 2011 - 09:49pm
More details on NZ Telecom split
The two entities resulting from the proposed structural separation of Telecom will use some of the same assets- but no assets will be jointly owned.Telecom and the Ministry of Economic Development MED ... ...Mon 25th July 2011 - 09:33pm
More Aussies embrace online shopping
Private research shows Australians are buying more goods online- with total purchases expected to reach 13.6 billion this year and almost double over the next four years.The PricewaterhouseCoopers PWC ... ...Mon 25th July 2011 - 09:08pm
More Aussies embrace online shopping
Private research shows Australians are buying more goods online- with total purchases expected to reach 13.6 billion this year and almost double over the next four years.The PricewaterhouseCoopers PWC ... ...Mon 25th July 2011 - 08:25pm
Russia raises grain export forecast
Russia raised its 2011 grain export forecast on Monday to 20 million tonnes after a year-long absence from global markets which was a factor in a rise in world food prices last year.We have to reconquer ... ...Mon 25th July 2011 - 08:24pm
US parties unveil competing debt plans
Republicans and Democrats in Congress put forth competing plans Monday to slice away huge amounts of federal spending as part of plans to increase the US borrowing limit and prevent an unprecedented Aug ... ...Mon 25th July 2011 - 08:11pm
IMF urges swift lifting of US debt limit
The International Monetary Fund on Monday warned the United States to lift its debt ceiling swiftly for the sake of the US and global economy.But- with US politicians battling over a plan to slash the ... ...Mon 25th July 2011 - 08:08pm
Britain- India strike major trade deals
British and Indian businesses signed trade and investment deals worth more than US1.6 billion A1.48 billion in London on Monday- in the latest round of annual talks on boosting economic ties.Britains ... ...Mon 25th July 2011 - 08:06pm
Dollar briefly falls below 78 yen in Tokyo trade
The dollar briefly fell to a four-month low below 78 yen in Tokyo trade on Tuesday during President Barack Obamas speech to the US nation in which he warned about the grave implications of US debt.The ... ...Mon 25th July 2011 - 03:39pm
Greek finance minister pitches case to US- IMF
Greek Finance Minister Evangelos Venizelos has said that US support is vital for Greece- after a day of Washington meetings as Athens pushed to finalize its second massive international bailout.The ... ...Mon 25th July 2011 - 02:30pm
Obama to warn of incalculable damage if no debt deal
US President Barack Obama stepped up the pressure on Republicans over the US debt crisis- scheduling a rare primetime speech to warn of incalculable damage if a compromise is not reached.Obamas ... ...Mon 25th July 2011 - 02:22pm
Obama to warn of incalculable damage without debt deal
President Barack Obama plans to warn Americans late Monday that a continuing impasse in the US debt crisis would cause incalculable damage- and call for bipartisan compromise- a White House ... ...Mon 25th July 2011 - 01:42pm
Obama to address nation as debt fight rages
US President Barack Obama scheduled a rare prime-time speech to the nation Monday as polarized lawmakers failed to rally behind a plan to avert a disastrous debt default perhaps just one week away.The ... ...Mon 25th July 2011 - 01:04pm
Netflix shares down as subscriber growth slows
Netflix shares fell sharply in after-hours trading on Monday after the US video giant fell short of revenue forecasts and said it expects slower US subscriber growth this quarter.Netflix shares were down ... ...Mon 25th July 2011 - 12:34pm
Obama to address nation as debt fight rages
US President Barack Obama scheduled a rare prime-time speech to the nation Monday as polarized lawmakers failed to rally behind a plan to avert a disastrous debt default perhaps just one week away.The ... ...Mon 25th July 2011 - 12:30pm
Brazilian currency at highest level since 1999
Brazils real soared Monday to its highest level against the dollar since 1999- when the South American giant delinked from the US currency.The dollar was buying 1.53 reals at midday on financial markets- ... ...Mon 25th July 2011 - 11:45am
India set for 11th rate hike to control inflation
Indias central bank is expected to hike interest rates for the 11th time in less than a year and a half on Tuesday as it opts to continue to fight inflation despite warnings from business leaders.Economists ... ...Mon 25th July 2011 - 11:19am
Moodys downgrades Greek debt
Moodys credit rating agency has downgraded Greek debt by three notches- warning that the eurozone rescue is almost certain to trigger another one-notch cut to default status.Moodys on Monday- ... ...Mon 25th July 2011 - 11:15am
Obama to address Americans on debt impasse
President Barack Obama plans to address Americans during prime television viewing time late Monday on the impasse in negotiations over a deal to avert a US debt default- the White House said.White House ... ...Mon 25th July 2011 - 11:06am
IMF warns on US debt as Obama- lawmakers struggle for deal
President Barack Obama and top lawmakers groped Monday for a deal to avert a US debt default- as stocks slipped and the IMF feared a severe shock to the world economy in a reckoning one week ... ...Mon 25th July 2011 - 10:09am
Aviation projects grind to halt amid US funding crisis
The US government has ordered a halt to work on millions of dollars in aviation-related infrastructure projects because special funding legislation was not passed last week- officials said Monday. The ... ...Mon 25th July 2011 - 10:01am
Ryanair says profits jump almost 50
Irish no-frills airline Ryanair said net profits soared by nearly 50 per cent in the first quarter of its financial year- boosted by surging passenger numbers.Profits after taxation rocketed 48.7 per cent ... ...Mon 25th July 2011 - 10:00am
Indian-German duo named Deutsche Bank co-chairmen
Deutsche Bank on Monday named a canny Indian investment banker and a German veteran of the old school to run the biggest German bank in tandem from May 2012.Anshu Jain- 48- and Juergen Fitschen- 62- were ... ...Mon 25th July 2011 - 09:58am
Deutsche Bank picks pair to replace Ackermann
The biggest German bank- Deutsche Bank- said Monday it would replace outgoing chairman Josef Ackermann with the German-Indian duo of Juergen Fitschen and Anshu Jain from May 2012.Fitschen- 62- currently ... ...Mon 25th July 2011 - 09:30am
Moodys downgrades Greece debt
Moodys Investors Service has downgraded Greeces sovereign debt rating by three notches- leaving it two away from default.It also warned creditors would lose from the latest bailout deal.The ratings ... ...Mon 25th July 2011 - 09:27am
IMF urges swift lifting of US debt limit
The International Monetary Fund on Monday warned the United States to lift its debt ceiling swiftly for the sake of the US and global economy.But- with US politicians battling over a plan to slash the ... ...Mon 25th July 2011 - 09:17am
Fortescue foreshadows iron ore shake-out
Fortescue Metals Group has foreshadowed a shake-out among iron ore producers as new global supply will sharply cut the price of the commodity from its near-record highs.New chief executive Neville Power ... ...Mon 25th July 2011 - 09:05am
Local shares down on US debt worries
Concerns that US politicians will not reach an agreement to raise the debt ceiling have led the local share market to its biggest fall in two weeks.The All Ordinaries index lost 1.5 per cent to 4-604- ... ...Mon 25th July 2011 - 08:56am
Aust banks have low Euro risk exposure
Australias banks have little direct exposure to the sovereign debt of the riskiest European countries and are more resilient to any disruption in credit markets- a central bank official says.But banks ... ...Mon 25th July 2011 - 08:45am
PPI shows profit margin squeeze
Profit margins are being squeezed as businesses are forced to absorb rising production costs in the face of weak consumer spending- economists say.The Australian producer price index PPI- a measure of ... ...Mon 25th July 2011 - 08:39am
Deutsche Bank names Fitschen- Jain as co-heads
The biggest German bank- Deutsche Bank- named Juergen Fitschen and Anshu Jain as co-heads Monday to replace Josef Ackermann from May 2012.Fitschen- 62 heads the banks German unit- while Jain- a 48-year-old ... ...Mon 25th July 2011 - 08:30am
ConsMin moves to unseat OM directors
Consolidated Minerals ConsMin will attempt to remove two of OM Holdings directors in a ramp up of tension between the fellow manganese miners.ConsMin is OMs biggest shareholder with a 11.4 ... ...Mon 25th July 2011 - 08:21am
Carbon tax will have similar impact to GST
The effects of the Gillard governments proposed carbon tax on the Australian economy will be similar to those experienced when the GST was introduced- the central bank says.Reserve Bank of Australia ... ...Mon 25th July 2011 - 08:00am
US debt woes add to world uncertainty-Swan
Federal Treasurer Wayne Swan says it will be in everyones interest that the US works to a speedy resolution over its budget issues as its August 2 deadline looms.Local financial markets remain nervously ... ...Mon 25th July 2011 - 07:40am
Local shares down on US debt worries
Concerns that US politicians will not reach an agreement to raise the debt ceiling have led the local share market to its biggest fall in two weeks.The All Ordinaries index lost 1.5 per cent to 4-604- ... ...Mon 25th July 2011 - 07:38am
Spending cuts alone will not fix US deficit- Obama
US President Barack Obama said Monday the United States cannot reduce its ballooning deficit through spending cuts alone- as he grappled for a debt deal with Republican lawmakers.We cant just ... ...Mon 25th July 2011 - 07:37am
Special committee defends Wall Street Journal
A special committee set up to ensure the editorial integrity of The Wall Street Journal following its 2007 purchase by Rupert Murdochs News Corp. said Monday it found no evidence of wrongdoing at ... ...Mon 25th July 2011 - 07:31am
US default prospects stalk global stock markets
Global stock markets mostly fell on Monday amid growing concern of a US default after debt-ceiling talks broke down in Washington over the weekend.The European debt crisis discouraged risk-taking with ... ...Mon 25th July 2011 - 07:24am
Spending cuts alone will not fix US deficit- Obama
US President Barack Obama said Monday the United States cannot reduce its ballooning deficit through spending cuts alone- as he grappled for a debt deal with Republican lawmakers.We cant just ... ...Mon 25th July 2011 - 07:17am
AACo expects profit despite live trade ban
Beef producer Australian Agricultural Company AACo does not expect the live cattle trade to Indonesia to resume quickly but is still anticipating a profitable year.AACo on Monday booked a net loss for ... ...Mon 25th July 2011 - 07:12am
Greece hit with debt downgrade- Moodys view of rescue
Greece was hit hard with a debt downgrade on Monday and a warning from Moodys rating agency that default status is almost certain- as the eurozone rescue will provide only limited relief.The ... ...Mon 25th July 2011 - 07:05am
Honda to recall 200-000 cars globally
Japans Honda Motor says it will recall about 200-000 passenger cars globally due to defective engine parts.The company said it had received 63 customer reports in Japan of engine malfunctions as a ... ...Mon 25th July 2011 - 06:54am
IMF warns on US debt- markets slide
Pressure rose on President Barack Obama and top lawmakers Monday to avert a ruinous US debt default just days away- as stocks slipped and the IMF warned of a severe shock to the world economy.Obama ... ...Mon 25th July 2011 - 06:50am
US rushes to avert disastrous default
The White House and top lawmakers are scrambling to reach a deal to save the worlds richest country from a disastrous default on its debt.With global financial markets on edge- US President Barack ... ...Mon 25th July 2011 - 06:48am
Dow Chemical and Saudi Aramco in 20 bln joint venture
Saudi state oil giant Aramco and US firm Dow Chemical have approved a plan to build a 20 billion chemical plant in the eastern Saudi port city of Jubail- Aramco said in a statement Monday.Saudi ... ...Mon 25th July 2011 - 06:47am
PM adamant forest deal will succeed
The Prime Minister insists the forest agreement struck with the Tasmanian government yesterday will be implemented- without the support of the Greens.State and Federal Greens swiftly rejected the 270 ... ...Mon 25th July 2011 - 06:44am
GrainCorp acquires German maltster
Grains marketer GrainCorp has boosted its malting operations- agreeing to buy a German maltster for an enterprise value of about 77 million.GrainCorp said the takeover of GermanMalt GmbH -amp Co would make ... ...Mon 25th July 2011 - 06:44am
PanAust predicts fall in copper production
Southeast Asia-focused miner PanAust has blamed a destructive wet season for rising costs and a decline in full year copper production.Copper concentrate production for calendar 2011 will be at the lower ... ...Mon 25th July 2011 - 06:42am
Henderson slams one-stop Senate cattle inquiry
Northern Territory Chief Minister Paul Henderson says it is not good enough that a Senate inquiry on the cattle trade will only be held in Darwin.The Rural Affairs and Transport Senate Standing Committee ... ...Mon 25th July 2011 - 06:32am
Australia shares spooked by U.S. debt stalemate
MARKETS-AUSTRALIA-STOCKS UPDATE 5-Australia shares spooked by U.S. debt stalemate ...Mon 25th July 2011 - 06:27am
Foreign investors desert Australia- AFIC
Foreign investors have all but deserted Australian shares- retaining investments only in resources companies- because of the high local dollar and political uncertainty- a fund manager says.Ross Barker- ... ...Mon 25th July 2011 - 06:24am
Japan passes second recovery budget
Japans parliament on Monday enacted a 25 billion extra budget to pay for relief and rebuilding after the March 11 quake-tsunami- as Prime Minister Naoto Kan faced mounting pressure to resign.Earlier ... ...Mon 25th July 2011 - 06:17am
Australia shares drop 1.6 pct- biggest loss in 2 weeks
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares drop 1.6 pct- biggest loss in 2 weeks ...Mon 25th July 2011 - 06:15am
Iran inks gas pipeline deal with Iraq and Syria
Iran- Iraq and Syria inked on Monday a Memorandum of Understanding for the construction of pipelines designed to deliver Irans natural gas to the two Arab nations- local media reported.The overall ... ...Mon 25th July 2011 - 06:03am
Cattle industry says live exports still on back burner
One of the biggest beef producers in the nation- the Australian Agricultural Company AACo- says it does not expect a quick resumption of live cattle exports to Indonesia.AACo has posted a half-year loss ... ...Mon 25th July 2011 - 05:57am
Greece hit with debt downgrade- cool Moodys view of rescue
Greece was hit hard with a debt downgrade on Monday and a warning from Moodys rating agency that default status is almost certain- as the eurozone rescue will provide only limited relief.The ... ...Mon 25th July 2011 - 05:52am
Orica looks to higher profit in 2011
Explosives maker Orica Ltd has reaffirmed that profit in fiscal 2011 will be higher than 2010.Net profit before individually material items for the 12 months to September would be higher than the year ... ...Mon 25th July 2011 - 05:46am
Rescued Irish AIB reports bounce into profit
Bailed-out Allied Irish Banks said on Monday it rebounded into first-half profit- boosted by the sale of Polish banking operations- but admitted it remained plagued by elevated bad debts.Earnings ... ...Mon 25th July 2011 - 05:45am
Downer awarded WA transport contract
Downer EDI has been awarded a public transport rail maintenance services contract in Western Australia.The value of the contract is more than 285 million for the seven-and-a-half-year contract term ... ...Mon 25th July 2011 - 05:38am
Orica looks to higher profit in 2011
Explosives and fertilizer maker Orica Ltd has reaffirmed that profit in fiscal 2011 will be higher than that reported in 2010.Net profit before individually material items for the 12 months to September ... ...Mon 25th July 2011 - 05:19am
Logging protesters scale Canberra Parliament House
Conservation group Still Wild Still Threatened has made good on its threat to continue forestry protests- by scaling Parliament in House in Canberra.The group has criticised the forests peace deal announced ... ...Mon 25th July 2011 - 05:15am
Aust banks have low Euro risk exposure
Australias banks have little direct exposure to the sovereign debt of the riskiest European countries and are more resilient to any disruption in credit markets- a central bank official says.But banks ... ...Mon 25th July 2011 - 05:11am
India ex-minister denies charges in telecom trial
Indias former telecom minister- accused in a mammoth fraud case- insisted Monday that he was innocent and that Premier Manmohan Singh had been aware of his actions as he began his court defence.South ... ...Mon 25th July 2011 - 05:07am
Vodafone sheds 26-000 NZ mobile customers
Vodafone lost 26-000 mobile customers in New Zealand in the three months to the end of June.In a management statement for the worldwide Vodafone business- the company said it had 2.46 million New Zealand ... ...Mon 25th July 2011 - 05:06am
Telcos accused of preying on Indigenous communities
Unlawful and predatory behaviour by mobile phone carriers is rife in remote Australian communities- according to academics and financial counsellors.They say Indigenous people in communities in Queensland- ... ...Mon 25th July 2011 - 05:05am
Australian Agricultural sees profit fall amid cattle ban
One of Australias biggest beef producers- the Australian Agricultural Company- says it does not expect a quick resumption of live exports to Indonesia.AA Cos half-year earnings fell 3.3 per cent ... ...Mon 25th July 2011 - 05:03am
PanAust predicts fall in copper production
South-East Asia-focused miner PanAust Ltd has blamed a destructive wet season for rising costs as it revealed full year copper production will fall from last year.Copper concentrate production will be ... ...Mon 25th July 2011 - 04:53am
Mixed response to forests deal
The Tasmanian Greens have vowed to fight a forest peace deal brokered by the state and federal governments at the weekend.Environmental groups have cautiously welcomed the historic agreement- which effectively ... ...Mon 25th July 2011 - 04:51am
Australia shares slide 1.2 pct AWE tumbles
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares slide 1.2 pct AWE tumbles ...Mon 25th July 2011 - 04:25am
Greens- Upper House threats to forest deal
The Tasmanian Premier Lara Giddings has admitted the forest peace agreement will collapse if the Greens withhold support.The 270 million Commonwealth assistance package to help the state move out of most ... ...Mon 25th July 2011 - 03:50am
Cash aims to boost Kangaroo Island tourism
The South Australian Government wants to upgrade and expand Kangaroo Islands airport to cope with more tourists.The Government has commissioned a business study into the airport as part of a range ... ...Mon 25th July 2011 - 03:43am
Producer price rise heightens inflation concern
Economists believe the latest figures on how much businesses are paying for goods show a significant level of inflation in the economy.Figures from the Bureau Statistics show the final producer price index ... ...Mon 25th July 2011 - 03:41am
AACo expects profit despite live trade ban
Beef producer Australian Agricultural Company AACo does not expect the live cattle trade to Indonesia to resume quickly- but is still expecting a profitable year.AACo on Monday booked a net loss for ... ...Mon 25th July 2011 - 03:40am
Arkaroola wilderness mining ban welcomed
There is wide praise for a decision to prevent mining in the remote Arkaroola wilderness region of outback South Australia.Premier Mike Rann and ministers have flown to the region to announce the SA Government ... ...Mon 25th July 2011 - 03:33am
Boss sacked as entertainment centre drama plays out
The former general manager of the Darwin Entertainment Centre- Hamish McDonald- says he did not expect to be dismissed by the controlling board last week.The centre is facing financial difficulties.Mr ... ...Mon 25th July 2011 - 03:22am
Arkaroola wilderness mining ban welcomed
There is wide praise for a decision to prevent mining in the remote Arkaroola wilderness region of outback South Australia.Premier Mike Rann and ministers have flown to the region to announce the SA Government ... ...Mon 25th July 2011 - 03:20am
AFIC profit soars 27 on dividend surge
Annual 2010-11 profit has soared 27 per cent for the Australian Foundation Investment Company AFIC on a 30 per cent jump in dividends received from its own investments.AFIC reported statutory net profit ... ...Mon 25th July 2011 - 02:53am
Premier Retail group closing up to 50 stores
Premier Retail group has announced it is closing up to 50 loss-making stores and will reduce staff as part of a review to return the company to profits.Premier Retail- formerly the Just Group- owns brands ... ...Mon 25th July 2011 - 02:48am
Women in business seek some teen spirit
Young Australian of the Year Jessica Watson is in Alice Springs this week as part of a national tour.Last year- Ms Watson became the youngest person to sail solo around the world.She will be a guest speaker ... ...Mon 25th July 2011 - 02:39am
Mixed response to forests deal
Environmental groups have cautiously welcomed a historic agreement which effectively halves Tasmanias forest industry- but the Greens have rejected the deal for failing to provide immediate protection ... ...Mon 25th July 2011 - 02:36am
Treasurer rejects carbon tax modelling
Victorian Treasurer Kim Wells has rejected economic modelling that has found the impact of the carbon tax on the economy will be minimal.The Deloitte-Access Economics June quarter outlook predicts the ... ...Mon 25th July 2011 - 02:31am
Alliance Resources reacts to wilderness mine ban
Mining company Alliance Resources says a South Australian decision to protect the Arkaroola wilderness region from mining activity will affect its work in northern SA.It owns an interest in an exploration ... ...Mon 25th July 2011 - 02:27am
FMG can endure US70-t ore price- Power
Fortescue Metals Group will remain profitable if the iron ore price slumps by US100 a tonne- new chief executive Neville Power says.The price of the steel making commodity is currently near historical ... ...Mon 25th July 2011 - 02:27am
Arkaroola wilderness mining ban welcomed
There is wide praise for a decision to prevent mining in the remote Arkaroola wilderness region of outback South Australia.Premier Mike Rann and ministers have flown to the region to announce the SA Government ... ...Mon 25th July 2011 - 02:24am
Queensland economic turnaround ahead- Fraser says
The State Government says a new report backs predictions that Queenslands economy is on the verge of a turnaround.Treasurer Andrew Fraser says the quarterly Deloitte Access Economics business outlook ... ...Mon 25th July 2011 - 02:23am
Alliance Resources reacts to wilderness mine ban
Mining company Alliance Resources says a South Australian decision to protect the Arkaroola wilderness region from mining activity will affect its work in northern SA.It owns an interest in an exploration ... ...Mon 25th July 2011 - 02:17am
Premier Retail group closing up to 50 stores
Premier Retail group has announced it is closing up to 50 loss-making stores and will reduce staff as part of a review to return the company to profits.Premier Retail- formerly the Just Group- owns brands ... ...Mon 25th July 2011 - 02:13am
PPI data confirms inflation on its way up
Producer prices are increasing as expected and show that inflationary pressures are rising- economists say.Australias producer price index PPI at the final stage of production rose 0.8 per cent ... ...Mon 25th July 2011 - 02:13am
Alliance Resources reacts to wilderness mine ban
Mining company Alliance Resources says a South Australian decision to protect the Arkaroola wilderness region from mining activity will affect its work in northern SA.It owns an interest in an exploration ... ...Mon 25th July 2011 - 02:11am
Property industry congress seeks an edge
Some of the key players in Australias property industry will debate the carbon tax at a national congress in Darwin this week.About 500 representatives from across the nation will take part in an ... ...Mon 25th July 2011 - 02:05am
Building activity slumps in Queensland- survey
The Master Builders Association MBA said yesterday its latest survey found the construction sector in Queensland has slowed to a crawl.The survey found building activity has been affected by a lack of ... ...Mon 25th July 2011 - 01:56am
PPI data confirms inflation on its way up
Producer prices are increasing as expected and show that inflationary pressures are rising- economists say.Australias producer price index PPI at the final stage of production rose 0.8 per cent ... ...Mon 25th July 2011 - 01:48am
Bank of Melbourne expands in Vic
The Bank of Melbourne BoM opened 40 branches on Monday in Victoria as part of the banks relaunch and plans to add 85 more.A Westpac subsidiary- BoM opened 40 branches- five corporate banking centres ... ...Mon 25th July 2011 - 01:42am
Mixed response to forests deal
Environmental groups have cautiously welcomed a historic agreement which effectively halves Tasmanias forest industry- but the Greens have rejected the deal for failing to provide immediate protection ... ...Mon 25th July 2011 - 01:32am
Aust final PPI rose 0.8 in June qtr
Australias producer price index PPI at the final stage of production rose 0.8 per cent in the June quarter- for an annual rise of 3.4 per cent.That compared with a 1.2 per cent rise in the March ... ...Mon 25th July 2011 - 01:32am
US rushes to avert disastrous default
The White House and top lawmakers struggled on Sunday for a deal to save the worlds richest country from a disastrous default on its debt- amid fears of a panicked reaction from investors around the ... ...Mon 25th July 2011 - 01:26am
US default could end greenbacks reign
Analysts say a US debt default could cause a credit crunch similar to the one sparked by the collapse of Lehman Brothers at the height of the global financial crisis.US lawmakers failed to reach a deal ... ...Mon 25th July 2011 - 01:25am
PanAust keeps production guidance steady
PanAust Ltd says full year copper concentrate production will be at the lower end of the 62-000 to 65-000 tonne guidance range because of the impact of the wet season.The company added that gold and silver ... ...Mon 25th July 2011 - 01:23am
Mixed response to forests deal
Environmental groups have cautiously welcomed a historic agreement which effectively halves Tasmanias forest industry- but the Greens have rejected the deal for failing to provide immediate protection ... ...Mon 25th July 2011 - 01:16am
Australia shares falter 0.8 pct on U.S. debt impasse
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares falter 0.8 pct on U.S. debt impasse ...Mon 25th July 2011 - 01:14am
Sudan rolls out new currency
Sudan is introducing a new currency- stripping its banknotes and coins of symbols linked to South Sudan- which declared independence this month after more than 50 years of on-and-off war.South Sudan began ... ...Mon 25th July 2011 - 01:03am
Voters warming to carbon tax- poll
The latest Newspoll shows public support for the carbon tax has risen 6 per cent since the details of the carbon pricing scheme were revealed by Prime Minister Julia Gillard.The poll published in todays ... ...Mon 25th July 2011 - 12:56am
Downer awarded WA transport contract
Downer EDI has been awarded a public transport rail maintenance services contract in Western Australia.The value of the contract is more than 285 million for the seven-and-a-half-year contract term ... ...Mon 25th July 2011 - 12:53am
Queensland economic turnaround ahead- Fraser says
The State Government says a new report backs predictions that Queenslands economy is on the verge of a turnaround.Treasurer Andrew Fraser says the quarterly Deloitte Access Economics business outlook ... ...Mon 25th July 2011 - 12:42am
AACo books H1 loss of 12.57mln
Beef producer Australian Agricultural Company Ltd AACo has maintained its full year earnings guidance on the sale of a cattle breeding property despite booking a first half loss.AACo on Monday booked ... ...Mon 25th July 2011 - 12:31am
US default could end greenbacks reign
Analysts say a US debt default could cause a credit crunch similar to the one sparked by the collapse of Lehman Brothers at the height of the global financial crisis.US lawmakers failed to reach a deal ... ...Mon 25th July 2011 - 12:27am
Australia shares off 0.4 pct on lack of U.S. debt deal
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares off 0.4 pct on lack of U.S. debt deal ...Mon 25th July 2011 - 12:20am
Hope Kangaroo Is airport expansion will take off
The South Australian Government wants to upgrade and expand Kangaroo Islands airport to cope with more tourists.The Government has commissioned a business study into the airport as part of a range ... ...Mon 25th July 2011 - 12:17am
Queensland economic turnaround ahead- Fraser says
The State Government says a new report backs predictions that Queenslands economy is on the verge of a turnaround.Treasurer Andrew Fraser says the quarterly Deloitte Access Economics business outlook ... ...Mon 25th July 2011 - 12:17am
Canberra becoming a one company town
A new report suggests the ACT economy is at risk of over-dependence on Federal Government spending.Deloitte Access Economics latest quarterly outlook has found one in two Canberra workers are employed ... ...Mon 25th July 2011 - 12:04am
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