Finance News, Wednesday 7th September 2011
More tourists- but spending less
Tasmania welcomed more international visitors last financial year.The Tourism Forecasting Committee has found international arrivals increased by 11 per cent in the year ending June 2011- to just under ... ...Wed 7th September 2011 - 11:51pm
Qantas chiefs pay rise obscene- union
The massive pay increase given to Qantas chief executive Alan Joyce when the company is planning to slash hundreds of jobs is obscene- a union says.Mr Joyce had his total remuneration package ... ...Wed 7th September 2011 - 11:51pm
Resource influx gold for tourism properties
Capricorn Enterprise says it is trying to encourage developers to build more hotels and motels for the influx of resource workers in the central Queensland city of Rockhampton.There have been reports of ... ...Wed 7th September 2011 - 11:41pm
More tourists- but spending less
Tasmania welcomed more international visitors last financial year.The Tourism Forecasting Committee has found international arrivals increased by 11 per cent in the year ending June 2011- to just under ... ...Wed 7th September 2011 - 11:33pm
Live cattle shipments resume in Townsville
The first shipment of live cattle from north Queensland to Indonesia in nearly four months has begun loading at the Townsville port.The MV Ocean Shearer is taking on 7-000 head of cattle from north Queensland ... ...Wed 7th September 2011 - 11:28pm
Building inspectors start cyclone patrols
Teams of building inspectors will begin patrolling cyclone-affected areas in far north Queensland today.The five teams from the Building Services Authority BSA will carry out random inspections on the ... ...Wed 7th September 2011 - 11:22pm
Economic downturn- tsunami hit international tourism
Fewer international travellers visited Queensland regional tourism destination last financial year.Tourism Queensland says 753-000 international visitors visited the Gold Coast- a nine per cent drop on ... ...Wed 7th September 2011 - 11:04pm
Australia shares seen opening up on global gains
MARKETS-AUSTRALIA-STOCKS-Australia shares seen opening up on global gains ...Wed 7th September 2011 - 11:02pm
Door maker slammed over worker lock out
A multinational door manufacturer has locked out 200 Australian workers in four states over a wages dispute.The three-day lockout by United States-based company Jeld-Wen began at midnight after negotiations ... ...Wed 7th September 2011 - 10:53pm
Group launches legal challenge against Gunns
An anti-pulp mill group has lodged a court challenge against timber company Gunns- claiming it has no legal right to build its Tasmanian pulp mill.Pulp the Mill alleges the company does not have permits ... ...Wed 7th September 2011 - 10:26pm
Aussie jumps in relief rally- kiwi along for the ride
MARKETS-AUSTRALIA-FOREX-Aussie jumps in relief rally- kiwi along for the ride ...Wed 7th September 2011 - 10:14pm
Business still struggling despite stronger economic figures- CCIQ
Chamber of Commerce and Industry Queensland CCIQ says the latest financial report could be misleading.National Accounts figures released yesterday exceeded expectations with a growth rate of 1.2 per ... ...Wed 7th September 2011 - 09:46pm
Economic downturn- tsunami hit international tourism
Fewer international travellers visited Queenslands Gold Coast last financial year.The International Tourism Snapshot records China as the only growth market.Tourism Queensland says 753-000 international ... ...Wed 7th September 2011 - 09:33pm
Saab files for bankruptcy protection
The owner of struggling Swedish car maker Saab is filing for bankruptcy protection to shield it from creditors.Rumours of the car giants looming bankruptcy have long been circulating as production ... ...Wed 7th September 2011 - 09:28pm
Pilots slam Qantas chiefs pay packet
The pilots union has accused Qantas of hypocrisy by increasing the annual salary of chief executive Alan Joyce to 5.1 million while 1-000 employees face job cuts.Qantas says Mr Joyces take-home salary ... ...Wed 7th September 2011 - 09:24pm
Live cattle shipments resume in Townsville
The first shipment of live cattle from north Queensland to Indonesia in nearly four months has begun loading at the Townsville port.The MV Ocean Shearer is taking on 7-000 head of cattle from north Queensland ... ...Wed 7th September 2011 - 09:13pm
British police make 16th phone hacking arrest
British police investigating phone hacking at the News of the World tabloid have made a fresh arrest- while the Guardian newspaper say one of its journalists has been quizzed over leaks in the case.A 35-year-old ... ...Wed 7th September 2011 - 09:07pm
Business still struggling despite stronger economic figures- CCIQ
Chamber of Commerce and Industry Queensland CCIQ says says the latest financial report could be misleading.National Accounts figures released yesterday exceeded expectations with a growth rate of 1.2 ... ...Wed 7th September 2011 - 08:40pm
Parliament passes new power price structure
Queensland Parliament has paved the way for a new power pricing structure- with legislation passed to remove the current method involving a cost index- to allow a more flexible system.The Opposition was ... ...Wed 7th September 2011 - 08:39pm
Business still struggling despite stronger economic figures- CCIQ
Chamber of Commerce and Industry Queensland CCIQ says says the latest financial report could be misleading.National Accounts figures released yesterday exceeded expectations with a growth rate of 1.2 ... ...Wed 7th September 2011 - 08:32pm
British police make 16th phone hacking arrest
British police investigating phone hacking at the News of the World tabloid have made a fresh arrest- while the Guardian newspaper said one of its journalists had been quizzed over leaks in the case.A ... ...Wed 7th September 2011 - 08:10pm
Pilots slam Qantas chiefs pay packet
The pilots union has accused Qantas of hypocrisy by increasing the annual salary of chief executive Alan Joyce to 5.1 million while 1-000 employees face job cuts.Qantas says Mr Joyces take-home salary ... ...Wed 7th September 2011 - 07:40pm
Pilots slam Qantas chiefs pay packet
The pilots union has accused Qantas of hypocrisy by increasing the annual salary of chief executive Alan Joyce to 5.1 million while 1-000 employees face job cuts.Qantas says Mr Joyces take-home salary ... ...Wed 7th September 2011 - 12:28pm
Yahoo- shares rise after Bartz ouster
Yahoo- shares rose on Wednesday following the firing of chief executive Carol Bartz and amid renewed speculation of a sale of all or part of the struggling Internet company.Yahoo- shares gained 5.42 percent ... ...Wed 7th September 2011 - 11:35am
Italian Senate to vote on austerity plan
Italys Senate is set to hold a vote of confidence in the government of Prime Minister Silvio Berlusconi over its hastily-modified austerity plan.Debate on the revised 45.5 billion euro A61.05 billion ... ...Wed 7th September 2011 - 11:17am
British police make 16th phone hacking arrest
British police investigating phone hacking at the now-defunct News of the World tabloid said they had arrested a 35-year-old man on suspicion of conspiring to intercept voicemail messages.The man- who ... ...Wed 7th September 2011 - 11:13am
Pilots slam Qantas chiefs pay rise
The pilots union has accused Qantas of hypocrisy by increasing the annual salary of chief executive Alan Joyce to 5.1 million while 1-000 employees face job cuts.Qantas says Mr Joyces take-home salary ... ...Wed 7th September 2011 - 11:03am
British police make 16th hacking arrest
British police investigating phone hacking at the now-defunct News of the World tabloid said they had arrested a 35-year-old man on suspicion of conspiring to intercept voicemail messages.The man- who ... ...Wed 7th September 2011 - 10:59am
German court- Fed fuel rebound in US stocks
US stocks jumped on Wednesday after a German court ruling helped clear the way for a eurozone bailout plan and the Federal Reserve said the US economy was still growing slowly.The Dow Jones Industrial ... ...Wed 7th September 2011 - 10:49am
Solar industry celebrates grid parity
The Photovoltaic Association says the drop in cost of producing power from solar panels has made solar power competitive with coal-generated grid power.Solar power generated by photovoltaic cells on Australian ... ...Wed 7th September 2011 - 10:44am
Pilots slam Qantas chiefs pay rise
The pilots union has accused Qantas of hypocrisy by increasing the annual salary of chief executive Alan Joyce to 5.1 million while 1-000 employees face job cuts.Qantas says Mr Joyces take-home salary ... ...Wed 7th September 2011 - 10:39am
Libya oil exports not to return to normal until 2013- IEA
Libyan oil exports are unlikely to return to their pre-war level before 2013- the new head of the International Energy Agency said on Thursday.Our experts think that 2013 or beyond will most probably ... ...Wed 7th September 2011 - 10:29am
GDP figures show economy back on track
Australias economy bounced back into positive growth in the June quarter- figures released today show.The National Accounts figures show the Australian economy grew by 1.2 per cent in the June quarter.The ... ...Wed 7th September 2011 - 10:27am
US stocks rally on German ruling- Fed report
US stocks jumped on Wednesday after a German court ruling helped clear the way for a eurozone bailout plan and the Federal Reserve said the US economy was still growing slowly.The Dow Jones Industrial ... ...Wed 7th September 2011 - 10:23am
German court upholds EU bailouts
Germanys high court has upheld the countrys participation in eurozone bailout funds but ruled that parliament should be more involved in such decisions.Wednesdays ruling means that while ... ...Wed 7th September 2011 - 10:13am
Spanish lawmakers pass deficit cap in constitution
Spains Senate overwhelmingly passed a fiercely protested constitutional reform Wednesday that will put a cap on future deficits to try to fend off an unfolding eurozone debt crisis.Senators voted ... ...Wed 7th September 2011 - 10:07am
Group launches legal challenge against Gunns
An anti-pulp mill group has lodged a court challenge against timber company Gunns- claiming it has no legal right to build its Tasmanian pulp mill.Pulp the Mill alleges the company does not have permits ... ...Wed 7th September 2011 - 10:03am
Saab files for bankruptcy protection
The owner of cash-strapped car maker Saab has filed for bankruptcy protection in a last-ditch attempt to salvage a brand crippled by production stoppages- withheld salary payments and mounting debt.Swedish ... ...Wed 7th September 2011 - 09:33am
RBA plays wait-and-see on rates
The head of the central bank says a steady hand on interest rates will be maintained until the effect of overseas events on global economic growth is better understood.Reserve Bank of Australia governor ... ...Wed 7th September 2011 - 09:32am
Pilots slam Qantas chiefs pay rise
The pilots union has accused Qantas of hypocrisy by increasing the annual salary of chief executive Alan Joyce to 5.1 million while 1-000 employees face job cuts.Qantas says Mr Joyces take-home salary ... ...Wed 7th September 2011 - 09:26am
Katter- Xenophon take aim at produce mark-ups
Independent Senator Nick Xenophon and Federal MP Bob Katter want Parliament to support a bill that would require big supermarkets to disclose mark-ups on fresh produce.They say Coles and Woolworths need ... ...Wed 7th September 2011 - 09:15am
Pilots slam Qantas chiefs pay rise
The pilots union has accused Qantas of hypocrisy by increasing the annual salary of chief executive Alan Joyce to 5.1 million while 1-000 employees face job cuts.Qantas says Mr Joyces take-home salary ... ...Wed 7th September 2011 - 09:11am
Blackthorn hopes to strike rich zinc
Burkina Faso is an unlikely place for an Australian company to strike it rich- but Blackthorn Resources will finally start operations at its zinc mine there next year.The west African country - dont ... ...Wed 7th September 2011 - 09:11am
BP finds more oil in US Gulf of Mexico field
British oil giant BP announced Wednesday a major oil find in the US Gulf of Mexico that it said underscores the development potential of the region. An appraisal well drilled in an untested northern segment ... ...Wed 7th September 2011 - 09:09am
Google expands online deals to five more cities
Google expanded its local bargains program to five more cities Wednesday in a challenge to online deals giants Groupon and LivingSocial. Google said it had begun offering the deals from local businesses ... ...Wed 7th September 2011 - 09:09am
Qantas CEO pay packet boosted by shares
Qantas Airways chief executive Alan Joyce was awarded 2.2 million worth of shares in 2010-11- lifting his total remuneration package to 5.1 million and up significantly from the prior year.The shares ... ...Wed 7th September 2011 - 09:06am
German MPs need more say on bailouts
Germanys top court has ruled that aid for Greece and rescue packages for other eurozone countries are legal but says parliament must have a greater say in any future bailout.In a landmark judgment ... ...Wed 7th September 2011 - 09:00am
Italian senators approve austerity plan
The Italian Senate on Wednesday approved an austerity plan with 54.2 billion euros 76.3 billion in savings through 2013- as the debt-laden eurozone country sought to assuage markets.The package was ... ...Wed 7th September 2011 - 08:49am
US economy growing at slow pace- Fed
The US economy continues to grow slowly- with patches of weaker activity- the Federal Reserve said Wednesday in a report used by the central bank in setting monetary policy.Recent stock market swings and ... ...Wed 7th September 2011 - 08:33am
German court rules Euro bailouts legal
Germanys top court has ruled that aid for Greece and rescue packages for other eurozone countries are legal.But it says parliament must have greater say in any future bailout deal.In a landmark ruling ... ...Wed 7th September 2011 - 08:28am
US judge sets first hearing in AT-ampT anti-trust case
The federal judge hearing the US governments lawsuit seeking to block AT-ampTs 39 billion takeover of T-Mobile has set a first meeting to discuss the prospects for a settlement.US District Judge ... ...Wed 7th September 2011 - 08:22am
Seeds of hope are being sown in Timor-Leste
In Timor-Leste- they call it the hungry season.For up to four months a year- the Timorese struggle to feed themselves and their families.Ten years after winning its independence and despite the income ... ...Wed 7th September 2011 - 07:55am
The changing nature of the Beaufort Street strip
Its long been one of Perths most popular tourist and cafe precincts but there are concerns about the future of Mt Lawleys Beaufort Street strip.Dramatic rent increases- parking hassles and ... ...Wed 7th September 2011 - 07:48am
Australia shares rebound on domestic strength
MARKETS-AUSTRALIA-STOCKS- UPDATE 5-Australia shares rebound on domestic strength ...Wed 7th September 2011 - 07:39am
Irelands access to debt markets still tight- IMF
The International Monetary Fund said Wednesday that Irelands access to sovereign debt markets remained constricted- and highlighted private-sector doubts that Dublin will be able to repay debt.The ... ...Wed 7th September 2011 - 07:30am
Euro rules should be stricter- Stevens
Reserve Bank of Australia governor Glenn Stevens wont speculate on the future of interest rates- but says Europe should adopt a stronger- wider fiscal governance structure to keep its single currency ... ...Wed 7th September 2011 - 07:02am
Challenging times for RBA- Stevens
Reserve Bank of Australia governor Glenn Stevens says it is a challenging time for the central bank- given patchy and uneven economic growth and uncertainties in Europe and the US.More than at most ... ...Wed 7th September 2011 - 06:54am
European stocks soar- euro rises after German court ruling
European stocks soared on Wednesday after a German court ruling approved eurozone bailouts giving investors a hope that a solution to the debt crisis may yet be found. The gains in Europe- a day after ... ...Wed 7th September 2011 - 06:53am
Australia shares rebound on domestic strength
MARKETS-AUSTRALIA-STOCKS- UPDATE 4-Australia shares rebound on domestic strength ...Wed 7th September 2011 - 06:40am
GI Dynamics has disappointing ASX start
Securities in US-based biotech GI Dynamics Inc fell well below their offer price on their first day of trading on the Australian Securities Exchange ASX on Wednesday.GIs CHESS Depositary Interests ... ...Wed 7th September 2011 - 06:40am
Economy bounces back after flood- cyclones
The Australian economy has bounced back- although the central bank is unlikely to raise interest rates before the end of the year.The recovery comes after the economy shrank earlier in the year when natural ... ...Wed 7th September 2011 - 06:39am
Macquarie flags lower H1 profit
Market turbulence during August hit Macquarie Group Ltds capital markets business- prompting the investment bank to warn its first half profit would be lower on reduced trading volumes.Macquarie also ... ...Wed 7th September 2011 - 06:38am
NSW teachers to strike- defying IRC ruling
NSW teachers say they will walk off the job on Thursday despite the Industrial Relations Commission IRC ordering the cancellation of the planned strike.Justice Frances Backman made an order at 2.50pm ... ...Wed 7th September 2011 - 06:27am
NSW teachers to strike- defying IRC ruling
NSW teachers say they will walk off the job on Thursday despite the Industrial Relations Commission IRC ordering the cancellation of the planned strike.Justice Frances Backman made an order at 2.50pm ... ...Wed 7th September 2011 - 06:11am
Yahoo- shares up after Bartz ouster
Yahoo- shares rose on Wednesday following the firing of chief executive Carol Bartz and amid renewed speculation of a sale of all or part of the struggling Internet company.Yahoo- shares were up 6.27 percent ... ...Wed 7th September 2011 - 06:11am
Spending survey busts struggling families myth
Claims that many Australians are doing it tough and households are being weighed down by the soaring cost of living no longer match up with the facts.A shows that in real terms we are richer than we were ... ...Wed 7th September 2011 - 06:10am
European stocks rally after German court ruling
European stock markets rallied on Wednesday- with Londons FTSE 100 index of leading companies climbing 3.14 percent to 5-318.59 points.In Paris- the CAC 40 jumped 3.63 percent to 3-073.18 points and ... ...Wed 7th September 2011 - 06:03am
GDP figures show economy back on track
Australias economy bounced back into positive growth in the June quarter- figures released today show.The National Accounts figures show the Australian economy grew by 1.2 per cent in the June quarter.The ... ...Wed 7th September 2011 - 05:58am
Aussie bounces 1 pct- bonds retreat after buoyant GDP
MARKETS-AUSTRALIA-FOREX-Aussie bounces 1 pct- bonds retreat after buoyant GDP ...Wed 7th September 2011 - 05:46am
Crisis-hit Saab files for bankruptcy protection
Beleaguered Swedish carmaker Saab on Wednesday filed for protection from its creditors amid towers of unpaid bills in what appeared to be a last-ditch attempt to ward off bankruptcy.We have concluded ... ...Wed 7th September 2011 - 05:46am
NSW teachers to strike- defying IRC ruling
NSW teachers say they will walk off the job on Thursday despite the Industrial Relations Commission IRC ordering the cancellation of the planned strike.Justice Frances Backman made an order at 2.50pm ... ...Wed 7th September 2011 - 05:43am
Spending survey busts struggling families myth
Claims that many Australians are doing it tough and households are being weighed down by the soaring cost of living no longer match up with the facts.A shows that in real terms we are richer than we were ... ...Wed 7th September 2011 - 05:43am
Challenging times for RBA- Stevens
Reserve Bank of Australia governor Glenn Stevens says it is a challenging time for the central bank- given patchy and uneven economic growth and uncertainties in Europe and the US.More than at most ... ...Wed 7th September 2011 - 05:38am
Euro rules should be stricter- Stevens
Reserve Bank of Australia governor Glenn Stevens has refused to speculate on the future of interest rates- but says its important Europe adopts a stronger- wider fiscal governance structure to keep ... ...Wed 7th September 2011 - 05:36am
Disappointing ASX start for GI Dynamics
Securities in US-based biotech GI Dynamics Inc- which started trading on the Australian Securities Exchange on Wednesday- have fallen well below their offer price.At 1455 AEST on Wednesday- GIs CHESS ... ...Wed 7th September 2011 - 05:29am
ConnectEast posts 11.9 revenue rise
Takeover target ConnectEast Group has posted an 11.9 per cent rise in average daily revenue ADR for August.The owner and operator of the Eastlink tollway in Melbourne said that ADR for the month was ... ...Wed 7th September 2011 - 05:28am
Spanish senators open debate to confirm deficit cap
Spanish senators opened a debate Wednesday to confirm a fiercely protested constitutional reform capping future deficits to help stave off an unfolding eurozone debt crisis.Lawmakers are all but certain ... ...Wed 7th September 2011 - 05:23am
Rock resort takes on road emergencies and repairs
The management of Ayers Rock Resort says it will take over the running of the only mechanical repair business and its emergency road service at Yulara in central Australia.Uluru Autos closed suddenly two ... ...Wed 7th September 2011 - 05:23am
Spending survey busts struggling families myth
Claims that many Australians are doing it tough and households are being weighed down by the soaring cost of living no longer match up with the facts.A shows that in real terms we are richer than we were ... ...Wed 7th September 2011 - 05:21am
Group launches legal challenge against Gunns
An anti-pulp mill group has lodged a court challenge against timber company Gunns- claiming it has no legal right to build its Tasmanian pulp mill.Pulp the Mill alleges the company does not have permits ... ...Wed 7th September 2011 - 05:11am
BP unveils large North Sea investment
British energy giant BP has announced plans to jointly invest up to STG700 million A1.07 billion to develop the North Seas Kinnoull reservoir.BP owns 77 per cent of Kinnoull- with Italian energy ... ...Wed 7th September 2011 - 05:05am
Independents take swipe at food pricing and imports
Independent MP Bob Katter says Australia could become a net importer of its food needs by the middle of the decade.Mr Katter is in Adelaide for the South Australian Farmers Federations annual food ... ...Wed 7th September 2011 - 04:55am
Construction activity slumps in August
Australian construction activity has fallen to its lowest level in almost two and a half years- largely due to a lack of new work and tender opportunities- a report shows.The Australian Industry Group-Housing ... ...Wed 7th September 2011 - 04:44am
Market turmoil may hurt August jobs growth
Employment growth is expected to remain soft in August after a volatile month on global financial markets hurt business and consumer confidence.Economists say labour market weakness could continue for ... ...Wed 7th September 2011 - 04:26am
GDP rose 1.2 in June quarter
The Australian economy has returned to growth in the June quarter after suffering a downturn in the previous quarter because of the floods and cyclones over the summer- official figures show.Gross domestic ... ...Wed 7th September 2011 - 04:15am
Phone tower toppled
A controversial development application for a mobile phone tower in Tasmanias south has been withdrawn.Telstra has informed residents and Kingborough Council that it will not be going ahead with plans ... ...Wed 7th September 2011 - 04:07am
Palm reader arrested over train assaults
Police have charged a 38-year-old man with indecently assaulting four women in separate incidents on regional Victorian trains.It is alleged that during train trips from Melbourne to Bendigo between June ... ...Wed 7th September 2011 - 03:53am
Pulp mill legal threat
An anti-pulp mill group has lodged a court challenge against timber company Gunns- claiming it has no legal right to build its Tasmanian pulp mill.Pulp the Mill alleges the company does not have permits ... ...Wed 7th September 2011 - 03:42am
Australia shares jump 2.4 Havilah soars 33
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares jump 2.4 Havilah soars 33 ...Wed 7th September 2011 - 03:29am
GDP figures show economy back on track
Australias economy bounced back into positive growth in the June quarter- figures released today show.The National Accounts figures show the Australian economy grew by 1.2 per cent in the June quarter.The ... ...Wed 7th September 2011 - 03:24am
Aussie dollar surges- bonds retreat after GDP
MARKETS-AUSTRALIA-FOREX-Aussie dollar surges- bonds retreat after GDP ...Wed 7th September 2011 - 03:13am
Macquarie warns H1 profit lower
Market turbulence during August hit Macquarie Group Ltds capital markets business- prompting the investment bank to warn its first half profit would be lower on reduced trading volumes.Macquarie also ... ...Wed 7th September 2011 - 02:52am
Aust economy returns to growth in June qtr
The Australian economy has bounced back and returned to growth and economists say things could get even better in the medium term - adding to the case for an interest rate hike.Gross domestic product GDP ... ...Wed 7th September 2011 - 02:38am
Industry assured over Gunns compo cap
The Forest Industries Association in Tasmania has been assured Gunns will not be offered any more than 23 million under the forest peace deal.The Premier- Lara Giddings- yesterday indicated there was ... ...Wed 7th September 2011 - 02:29am
GDP figures show economy back on track
Australias economy bounced back into positive growth in the June quarter- figures released today show.The National Accounts figures show the Australian economy grew by 1.2 per cent in the June quarter.The ... ...Wed 7th September 2011 - 02:01am
Australia shares rebound CSL up on Swiss franc peg
MARKETS-AUSTRALIA-STOCKS UPDATE 2-Australia shares rebound CSL up on Swiss franc peg ...Wed 7th September 2011 - 01:53am
Aust economy returns to growth in June qtr
The Australian economy has bounced back and returned to growth and economists say things could get even better in the medium term - adding to the case for an interest rate hike.Gross domestic product GDP ... ...Wed 7th September 2011 - 01:53am
GDP rose 1.2 in June quarter
The Australian economy has returned to growth in the June quarter after suffering a downturn in the previous quarter because of the floods and cyclones over the summer- official figures show.Gross domestic ... ...Wed 7th September 2011 - 01:43am
Optus agrees to 15-year NBN gag
Optus has promised not to criticise the performance or functionality of the National Broadband Network NBN for the first 15 years of its operation.The agreement also prevents Optus from using negative ... ...Wed 7th September 2011 - 01:38am
GDP rose 1.2 in June qtr
The Australian economy has returned to growth in the June quarter after suffering a downturn in the previous quarter because of the floods and cyclones over the summer- official figures show.Gross domestic ... ...Wed 7th September 2011 - 01:34am
Euro rules should be stricter- Stevens
Reserve Bank of Australia governor Glenn Stevens has refused to speculate on the future of interest rates- but says its important Europe adopts a stronger- wider fiscal governance structure to keep ... ...Wed 7th September 2011 - 01:33am
Macquarie Group 1H profit to decline
Reissuing to correctly say that the boost to the prior periods profit came from a reclassification of the investment in MAp in the fourth paragraph.SYDNEY- Sept 7 AAP - Investment bank Macquarie ... ...Wed 7th September 2011 - 01:07am
Independents take swipe at food pricing and imports
Independent MP Bob Katter says Australia could become a net importer of its food needs by the middle of the decade.Mr Katter is in Adelaide for the South Australian Farmers Federations annual food ... ...Wed 7th September 2011 - 12:55am
Construction doldrums hit hard
The Tasmanian building industry says about 1-000 construction jobs have been lost amid uncertainty about Gunns pulp mill.The Master Builders Association says the industry is struggling now that federal ... ...Wed 7th September 2011 - 12:53am
Independents take swipe at food pricing and imports
Independent MP Bob Katter says Australia could become a net importer of its food needs by the middle of the decade.Mr Katter is in Adelaide for the South Australian Farmers Federations annual food ... ...Wed 7th September 2011 - 12:39am
Industry assured over Gunns compo cap
The Forest Industries Association in Tasmania has been assured Gunns will not be offered any more than 23 million under the forest peace deal.The Premier- Lara Giddings- yesterday indicated there was ... ...Wed 7th September 2011 - 12:35am
ConnectEast posts 11.9 revenue rise
Takeover target ConnectEast Group has posted an 11.9 per cent rise in average daily revenue ADR for August.The owner and operator of the Eastlink tollway in Melbourne said that ADR for the month was ... ...Wed 7th September 2011 - 12:35am
Call to renegotiate forest peace deal
The Tasmanian and federal governments are being urged to renegotiate the 276 million deal to end most native forest logging in the state.The Tasmanian timber industry says compensation payments to forest ... ...Wed 7th September 2011 - 12:34am
Australia shares snap 3-day losing streak
MARKETS-AUSTRALIA-STOCKS UPDATE 1-Australia shares snap 3-day losing streak ...Wed 7th September 2011 - 12:32am
RBA - challenging times for central bank
Reserve Bank of Australia governor Glenn Stevens says it is a challenging time for the central bank- given patchy and uneven economic growth and uncertainties in Europe and the US.More than at most ... ...Wed 7th September 2011 - 12:25am
Macquarie Group 1H profit to decline
Investment bank Macquarie Group Ltd has reduced earnings guidance and expects first half profit to decline from a year earlier- due to difficult trading conditions and a higher tax rate.That would mean ... ...Wed 7th September 2011 - 12:09am
Industry assured over Gunns compo cap
The Forest Industries Association in Tasmania has been assured Gunns will not be offered any more than 23 million under the forest peace deal.The Premier- Lara Giddings- yesterday indicated there was ... ...Wed 7th September 2011 - 12:05am
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