Finance News, Sunday 14th August 2011
Power consumption makes historic drop
One of Australias largest electricity distributors says it is experiencing a historic cut in households demand for power.Ausgrid- which provides power to much of New South Wales- ... ...Sun 14th August 2011 - 11:50pm
Leighton reports a FY 408.8mln loss
Leighton Holdings Ltd has reported a full year loss due mainly from losses and reversals on the Airport Link project in Queensland and the desalination project in Victoria.Australias biggest construction ... ...Sun 14th August 2011 - 11:50pm
Donald Trump headed for Melbourne
The worlds most famous redhead billionaire- property mogul Donald Trump- is headed for Melbourne.The 65-year-old- known for his reality television program The Apprentice and his catch phrase Youre ... ...Sun 14th August 2011 - 11:45pm
Power consumption makes historic drop
One of Australias largest electricity providers says it is experiencing a historic cut in households demand for power.Ausgrid- which powers much of New South Wales- has announced ... ...Sun 14th August 2011 - 11:38pm
Newcrest FY profits up 63
Newcrest Mining Ltd has increased its full year profit by 63 per cent as the company reaps the benefits of its acquisition and integration of Lihir Gold Ltd.The company also forecast that gold production ... ...Sun 14th August 2011 - 11:35pm
Delays on Joondalup train holds up commuters
TransPerth says a problem affecting trains on the Joondalup line this morning has been resolved.An issue with the overhead power supply stopped trains heading south for about 40 minutes from just before ... ...Sun 14th August 2011 - 11:32pm
Ansell FY profit up 2.8 at 122.7m
Ansell Ltd increased full year profit by 2.7 per cent as the rubber gloves and condom maker forecast that earnings per share would rise as much as 12 per cent this financial year.Net profit rose to 122.7 ... ...Sun 14th August 2011 - 11:25pm
UGL FY profit up 9.7 at 158.5 million
UGL Ltd has increased full year profit by 9.7 per cent- with the train manufacturer and engineering services provider predicting financial 2012 will be a positive growth year.Net profit rose to 158.51 ... ...Sun 14th August 2011 - 11:11pm
Imdex FY profit recovers to 29m from loss
Imdex Ltd reported a full year profit after the previous years loss as the drilling fluids and chemicals supplier said the outlook for financial 2012 was positive.Net profit was 29 million for the ... ...Sun 14th August 2011 - 11:08pm
Power consumption makes historic drop
One of Australias largest electricity providers says it is experiencing a historic cut in households demand for power.Ausgrid- which powers much of New South Wales- has announced ... ...Sun 14th August 2011 - 11:04pm
Govt considers outsourcing new office
The private property sector has welcomed an invitation to prove it can provide new government office buildings more cheaply than the ACT Government itself.The Government is planning to build a new 430 ... ...Sun 14th August 2011 - 11:03pm
ThinkSmart 1H profit up 5 at 2.88m
ThinkSmart Ltd has increased first half profit by five per cent as the computer and office equipment leasing company recorded a strong performance in the UK.Net profit rose to 2.88 million for the six ... ...Sun 14th August 2011 - 11:01pm
Title owners approve Arkaroola mining
The native title owners of the Arkaroola Wilderness Sanctuary have voted in favour of mining in some parts of the region in South Australias far north.The State Government will introduce new legislation ... ...Sun 14th August 2011 - 10:53pm
Power consumption makes historic drop
One of Australias largest electricity providers says Australia is experiencing a historic cut in households demand for power.Ausgrid- which powers much of New South Wales- has announced ... ...Sun 14th August 2011 - 10:48pm
Donald Trump headed for Melbourne
The worlds most famous redhead billionaire- property mogul Donald Trump- is headed for Melbourne.The 65-year-old- known for his reality television program The Apprentice and his catch phrase Youre ... ...Sun 14th August 2011 - 10:46pm
UGL FY profit up 9.7 at 158.5m
UGL Ltd increased full year profit by 9.7 per cent as the train manufacturer and engineering services provider said financial 2012 would be a positive growth year .Net profit rose to 158.51 million for ... ...Sun 14th August 2011 - 10:37pm
Negotiations continue with BMA over mine stoppages
Mining unions say they will meet with mining company BMA this week following more stoppages at Bowen Basin mines in central Queensland over the weekend.Shift stoppages were held at Blackwater and Gregory ... ...Sun 14th August 2011 - 10:29pm
Australia shares seen climbing as global panic eases
MARKETS-AUSTRALIA-STOCKS-Australia shares seen climbing as global panic eases ...Sun 14th August 2011 - 10:28pm
Wood worries
Tasmanian speciality timber operators are worried they will not get the wood they need to survive under the forest peace deal.Under the State-Federal deal- 430-000 hectares of public native forest is to ... ...Sun 14th August 2011 - 10:25pm
Job losses feared in BlueScope shake-up
The Australian Workers Union AWU is expecting hundreds of jobs at BlueScope Steel will go when the company announces its financial results next Monday.Last week- BlueScope Steel announced a 900 million ... ...Sun 14th August 2011 - 10:23pm
Commuters disrupted as Sunbus dispute continues
The Transport Workers Union TWU will hold another meeting with bus drivers on Queenslands Sunshine Coast today to discuss a long-running pay dispute.Commuters on Queenslands Sunshine Coast ... ...Sun 14th August 2011 - 10:04pm
World Bank head warns debt crisis entering danger zone
World Bank president Robert Zoellick has warned the deepening economic woes in the United States and Europe are pushing the world into a new danger zone.In Sydney last night to address the ... ...Sun 14th August 2011 - 09:45pm
Shoppers could pay more under EFTPOS change
Australian consumers are being warned they could pay more every time they use their bank cards because of a rise in EFTPOS transaction fees.From October- retailers banks will have to pay a five-cent ... ...Sun 14th August 2011 - 09:27pm
Australian economy well placed- Zoellick
Australia is better placed to withstand another global financial crisis than other developed economies- World Bank president Robert Zoellick says.Speaking to reporters after addressing the Asia Society ... ...Sun 14th August 2011 - 09:10pm
Wood worries
Tasmanian speciality timber operators are worried they wont get the wood they need to survive under the forest peace deal.Under the State-Federal deal- 430 thousand hectares of public native forest ... ...Sun 14th August 2011 - 09:08pm
Abbott criticised over CSG thought bubble
The Federal Government has accused Tony Abbott of being an economic vandal for backing the rights of farmers over coal seam gas mining interests.The Opposition Leader last week said farmers should have ... ...Sun 14th August 2011 - 02:31pm
Australian economy well placed- Zoellick
Australia is better placed to withstand another global financial crisis than other developed economies- World Bank president Robert Zoellick says.Speaking to reporters after addressing the Asia Society ... ...Sun 14th August 2011 - 01:46pm
Australian economy well placed- Zoellick
Australia is better placed to withstand another global financial crisis than other developed economies- World Bank president Robert Zoellick says.Speaking to reporters after addressing the Asia Society ... ...Sun 14th August 2011 - 01:07pm
Aust better placed on downturn- Zoellick
Australia is better placed to withstand another global financial crisis than other developed economies- World Bank president Robert Zoellick says.Speaking to reporters after addressing the Asia Society ... ...Sun 14th August 2011 - 12:56pm
Abbott criticised over CSG thought bubble
Federal Assistant Treasurer Bill Shorten says Tony Abbott has put a sovereign risk into mining investment by backing the rights of farmers to deny access to their land.The Opposition Leader last week offered ... ...Sun 14th August 2011 - 09:32am
Tough economic times hit Indian property firms
Indias real estate sector- which soared as the countrys economy took off and higher incomes led to increased demand- is facing turbulent times as interest rates push up the cost of home loans.A ... ...Sun 14th August 2011 - 09:21am
US debt remains investor safe haven despite S-ampP downgrade
US Treasury bonds remain a hot ticket for investors looking for a low risk investment in a volatile market despite the unprecedented downgrade of Washingtons credit rating- analysts say.The decision ... ...Sun 14th August 2011 - 09:16am
Indias RCom reports 37 dive in quarterly profit
Indias second-biggest mobile firm- Reliance Communications- has reported a worse-than-expected 37 percent dive in quarterly net profit as revenues remained under pressure in the competitive sector.The ... ...Sun 14th August 2011 - 09:12am
ANZ cuts fixed rate loans
The ANZ bank has cut its fixed-rate loans following discounts by a number of major lenders.ANZ said it will reduce its three year fixed-rate mortgage by 0.6 per cent to 6.44 per cent from August 17.The ... ...Sun 14th August 2011 - 06:08am
Tax fraud tip-offs surge in Greece
Tax fraud tip-offs increased fourfold in crisis-hit Greece last year- the Kathimerini daily reported on Sunday.According to the newspaper- Greeces financial crimes squad received 18-500 reports in ... ...Sun 14th August 2011 - 05:55am
Abbott criticised over CSG thought bubble
Federal Assistant Treasurer Bill Shorten says Tony Abbott has put a sovereign risk into mining investment by backing the rights of farmers to deny access to their land.The Opposition Leader last week offered ... ...Sun 14th August 2011 - 05:37am
Swan banks on Asias middle class
Federal Treasurer Wayne Swan is banking on the growing number of Asias middle-class consumers to help drive demand in struggling sectors of the Australian economy.As living standards rose in China ... ...Sun 14th August 2011 - 04:53am
ANZ announces home loan rate cut
The ANZ has joined the Commonwealth Bank and Westpac in cutting its fixed home loan rate.The ANZ has cut its fixed mortgage rates on two and three-year loans by 60 basis points to 6.44 per cent.Earlier ... ...Sun 14th August 2011 - 04:04am
Abbott criticised over CSG thought bubble
Federal Assistant Treasurer Bill Shorten says Tony Abbott has put a sovereign risk into mining investment by backing the rights of farmers to deny access to their land.The Opposition Leader last week offered ... ...Sun 14th August 2011 - 04:01am
Barnett promises Sunday trading in next term
The Western Australian Premier- Colin Barnett- has told the Liberal Party state conference that- if re-elected- the party will deregulate Sunday trading hours.The next state election is due in March- 2013.Mr ... ...Sun 14th August 2011 - 03:48am
Aussie economy in pretty sound shape- CBA
The Australian economy is in pretty sound shape but it should be stronger- even as concerns grow about the United States falling into recession- the Commonwealth Bank says.Ralph Norris- chief ... ...Sun 14th August 2011 - 03:46am
Dont make snap super decisions- Shorten
Australians again have been told not to make any snap decisions about their superannuation accounts despite balances taking a hit from sharemarket volatility.Gains of the past year or so have been wiped ... ...Sun 14th August 2011 - 03:45am
Saudi stocks down as other Gulf markets move up
Saudi shares dropped 0.66 percent on Sunday amid slow trading- reducing gains made the previous day- while most other Gulf shares climbed after a turbulent week because of global economic uncertainty.The ... ...Sun 14th August 2011 - 03:41am
Economic leadership at crux of turmoil- World Bank
World Bank chief Robert Zoellick said on Sunday that investors had lost confidence in the economic leadership of several key countries- warning global markets were in a new danger zone as a ... ...Sun 14th August 2011 - 03:33am
Asia vulnerable to US recession- Singapore PM
Asia- including China and India- will be vulnerable if the United States and Europe slip into another recession- Singapore Prime Minister Lee Hsien Loong said on Sunday.In his annual policy speech- Lee ... ...Sun 14th August 2011 - 03:29am
World Bank chief warns of new danger zone
World Bank chief Robert Zoellick warned on Sunday of a new danger zone ahead for global markets- saying investors had lost confidence in the economic leadership of several key countries.Zoellick ... ...Sun 14th August 2011 - 03:18am
Barnett promises Sunday trading in next term
The Western Australian Premier- Colin Barnett- has told the Liberal Party state conference that- if re-elected- the party will deregulate Sunday trading hours.The next state election is due in March- 2013.Mr ... ...Sun 14th August 2011 - 02:58am
Barnett promises Sunday trading in next term
The Western Australian Premier- Colin Barnett- has told the Liberal Party state conference that- if re-elected- the party will deregulate Sunday trading hours.The next state election is due in March- 2013.Mr ... ...Sun 14th August 2011 - 02:54am
Aussie economy in pretty sound shape- CBA
The Australian economy is in pretty sound shape but it should be stronger- even as concerns grow about the United States falling into recession- the Commonwealth Bank says.Ralph Norris- chief ... ...Sun 14th August 2011 - 02:20am
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