Finance News, Sunday 28th August 2011

Forestry Tasmania posts 12m loss

Forestry Tasmania has reported its second operating loss in as many years.The state-owned company has reported an operating loss of 12 million for the year to June.It is a slight improvement on its previous ... ...

Van parks feel soaring costs of cyclone insurance

Caravanning Queensland says insurance is becoming prohibitive for park managers in cyclone-prone regions.The average insurance excess for caravan parks north of Rockhampton has increased from 5-000 to ... ...

Jobs axed from 1b coal mine

The number of jobs generated by a 1 billion open-cut coal mine planned in central western New South Wales has been slashed- after the project was downsized.The Cobbora Holding Company says its coal mine ... ...

Forestry Tasmania posts 12m loss

Forestry Tasmania has reported its second operating loss in as many years.The state-owned company has recorded an operating loss of 12 million for the last financial year.Forestry Tasmanias Bob Gordon ... ...

Forestry Tasmania posts 12m loss

Forestry Tasmania has reported its second operating loss in as many years.The state-owned company has recorded an operating loss of 12 million for the last financial year.Forestry Tasmanias Bob Gordon ... ...

Australia shares seen climbing on US stimulus hopes

MARKETS-AUSTRALIA-STOCKS-Australia shares seen climbing on US stimulus hopes ...

Jobs axed from 1b coal mine

The number of jobs generated by a 1 billion open-cut coal mine planned central western New South Wales has been slashed and the project downsized.The Cobbora Holding Company says its coal mine near Dunedoo ... ...

Greens seek mill work halt

The Tasmanian Greens want work to stop on Gunns pulp mill project- as legal action looms over expiring project permits.Permits for Gunns Tamar Valley mill require substantial work to begin by ... ...

Aussie -amp NZ dollars hold gains after Fed

MARKETS-AUSTRALIA-FOREX-Aussie -amp NZ dollars hold gains after Fed ...

Van parks feel soaring costs of cyclone insurance

Caravanning Queensland says insurance is becoming prohibitive for park managers in cyclone-prone regions.The average insurance excess for caravan parks has increase from 5-000 to 100-000 since Cyclone ... ...

Carcinogens found in coal seam gas project

Traces of carcinogenic chemicals have been found in monitoring bores at a coal seam gas operation on Queenslands Darling Downs.Arrow Energy says it has advised regulators that small traces of so-called ... ...

New critical audit for Greece amid uncertainty

Greece heads into a key EU-IMF evaluation of its ailing finances this week amid growing uncertainty over a crucial debt rollover- bickering among its European peers and its fragile recovery sputtering.Senior ... ...

Private school profits totally unacceptable- union

The Australian Education Union says private schools are continuing to receive government funding while posting multi-million dollar profits.The Geelong Grammar School made a 10.7 million profit last year ... ...

After 9-11 surge- security sector must adapt

The 9-11 attacks spawned a huge- lucrative market for security- but experts say the sector must adapt as Americans do not feel as threatened as before- especially after the killing of Osama bin Laden.Ten ... ...

Frances balanced budget rule too complicated say economists

French President Nicolas Sarkozy wants to push through a balanced budget amendment- dubbed the golden rule- to reassure rattled markets- but economists complain the measure is too complicated.Work ... ...

Philippines- China talk trade despite tensions

Philippine President Benigno Aquino travels to China this week on a mission to secure billions of dollars in trade deals- with both sides looking to rebuild goodwill amid a bruising territorial row.Aquinos ... ...

After post-9-11 surge- security sector must adapt

The 9-11 attacks spawned a huge- lucrative market for security- but experts say the sector must adapt as Americans do not feel as threatened as before- especially after the killing of Osama bin Laden.Ten ... ...

No quick return to normal for NY airports- officials

New York area airports will not reopen until at least late Monday- officials said after Hurricane Irene air chaos saw more than 10-000 flights canceled across the eastern United States.New York area commuters ... ...

Waratah Bonds to help rebuild NSW

A NSW government bond scheme will be a low-risk perfect investment for mum-and-dad investors while raising money for major state projects- the government says.But the program has been criticised ... ...

Hundreds protest Spain move to cap deficit

Hundreds of Spaniards demonstrated Sunday against a constitutional reform plan aimed at capping budget deficit.No to the reform of the constitution. No to a step back- read a large banner as ... ...

Israelis protests against cost of living

More than 20-000 Israelis have demonstrated in Tel Aviv- Jerusalem and other places across the country in fresh protests against the spiralling cost of living.The numbers were well below the more than ... ...

Irene threatens extended flight chaos

Hurricane Irene air chaos threatened to last well into the week- after the giant storm forced the cancellation of more than 10-000 flights across the eastern United States- officials said Sunday.Aviation ... ...

NSW Minerals Council CEO takes ACA top job

NSW Minerals Council CEO Nikki Williams has resigned to take the top job at the Australian Coal Association.Dr Williams served seven years as the head of the NSW Minerals Council and will leave by October ... ...

Germany plans moderate tax cuts for 2013

Tax relief promised for 2013 will be moderate- German Chancellor Angela Merkel said in an interview on Sunday offering an early glimpse of a policy held dear by her liberal coalition partners.In ... ...

Private school profits totally unacceptable- union

The Australian Education Union says private schools are continuing to receive government funding while posting multi-million dollar profits.The Geelong Grammar School made a 10.7 million profit last year ... ...

Waratah Bonds to help rebuild NSW

NSW Premier Barry OFarrell has denied that a government bond scheme has been introduced for small investors because the private sector is reluctant to invest in government projects.The NSW government ... ...

Woolies sees food prices- profit fall

Woolworths chief executive expects a sharp decline in its annual profit growth in fiscal 2012 even as food prices start to decline.Weak consumer confidence will continue to grip retailers this year ... ...

Be tactical- diversified to avoid losses

Investors hoping to avoid losses amid volatile markets need to be more tactical- keep their portfolios diversified- and hold gold- an investment guru says.David Darst- managing director and chief investment ... ...

Woolies sees food prices- profit fall

Woolworths chief executive expects a sharp decline in its annual profit growth in fiscal 2012 even as food prices start to decline.Weak consumer confidence will continue to grip retailers this year ... ...

Be tactical- diversified to avoid losses

Investors hoping to avoid losses amid volatile markets need to be more tactical- keep their portfolios diversified- and hold gold- an investment guru says.David Darst- managing director and chief investment ... ...

Woolies sees food prices- profit fall

Woolworths chief executive expects a sharp decline in its annual profit growth in fiscal 2012 even as food prices start to decline.Weak consumer confidence will continue to grip retailers this year ... ...

Carcinogens found in coal seam gas project

Traces of carcinogenic chemicals have been found in monitoring bores at a coal seam gas operation on Queenslands Darling Downs.Arrow Energy says it has advised regulators that small traces of so-called ... ...

Carcinogens found in coal seam gas project

Traces of carcinogenic chemicals have been found in monitoring bores at a coal seam gas operation on Queenslands Darling Downs.Arrow Energy says it has advised regulators that small traces of so-called ... ...
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