Palmer buys Townsville BHP refinery
BHP has confirmed the sale of its Yabulu nickel refinery in Townsville, in north Queensland, to mining magnate Clive Palmer.
The value of the sale is being kept confidential but BHP says it...
ABC Business News -
Friday July 3, 2009, 10:30 am
Investors lighten Rio's debt load
Rio Tinto says it has completed one of the world's biggest rights issues now Australian shareholders have taken up almost 95 per cent of their entitlements to new shares.
Yesterday, the...
ABC Business News -
Friday July 3, 2009, 10:23 am
Australia shares fall 1.9 pct on U.S. jobs gloom
SYDNEY, July 3 (Reuters) - Australian stocks fell 1.9
percent on Friday after a steeper-than-expected slide in U.S.
payrolls led to hefty losses on Wall Street, raising fresh
doubts on the health of...
Reuters Finance News, Australia -
Friday July 3, 2009, 10:18 am
Aussie near 2-wk lows; bonds soar on U.S.jobs data
SYDNEY, July 3 (Reuters) - The Australian dollar was
subdued near two-week lows on Friday as appetite for
higher-yielding currencies and riskier assets took a beating
after a bleak U.S. jobs report,...
Reuters Finance News, Australia -
Friday July 3, 2009, 9:39 am
Shoppers in the dark on chemicals in fruit
The Greens are calling on the New South Wales Government to reinstate independent testing of chemical residues in fruit and vegetables because 2 to 3 per cent have higher levels than...
ABC Business News -
Friday July 3, 2009, 9:33 am
Milk price cut to farmers
A large buyer of South Australian milk has announced a sharp cut to the price it pays farmers for milk.
Warrnambool Cheese and Butter is the latest processing company to slash the price it is...
ABC Business News -
Friday July 3, 2009, 9:32 am
Red tape strangles fledgling laneway bars
Envious of Melbourne's intimate laneway bars, both Sydney and Perth have brought in reforms aimed at fostering a more vibrant nightlife.
But advocates of the Melbourne model in both cities say...
ABC Business News -
Friday July 3, 2009, 9:10 am
Power restored in southern suburbs
Power has been restored to more than 850 homes after a blackout in Adelaide's south this morning.
ETSA says a tree falling on powerlines caused outages in Daw Park, Colonel Light Gardens and...
ABC Business News -
Friday July 3, 2009, 9:01 am
ExxonMobil 'funding climate sceptics'
The world's biggest oil company, ExxonMobil, has given hundreds of thousands of dollars to groups that continue to question the cause and effects of global warming.
The Grantham Research...
ABC Business News -
Friday July 3, 2009, 8:42 am
Markets tumble after US jobless figures
The New York Stock Exchange was forced to extend trading by 15 minutes after technical problems hit the trading room floor overnight.
But that connectivity issue was not the worst of the market's...
ABC Business News -
Friday July 3, 2009, 7:06 am
COAG flags US-style fuel efficiency regulations
The State and Federal Governments are looking at imposing US-style fuel efficiency standards on Australia's automotive industry.
The Council of Australian Governments (COAG) has agreed to do a...
ABC Business News -
Friday July 3, 2009, 12:43 am
'Training treadmill': COAG scheme won't help jobless
The Federal Opposition says a plan to guarantee a training place for all retrenched workers will be useless for many unemployed.
The program, called the 'Compact with Retrenched Workers', was...
ABC Business News -
Friday July 3, 2009, 12:19 am
Standardised transport regulations to save money, increase safety
An agreement to standardise regulation of Australia's trucking, shipping and rail sectors is expected to boost the national income by $2.5 billion a year.
Each sector has had a series of...
ABC Business News -
Thursday July 2, 2009, 7:10 pm
Vodafone moves to squash job loss fears
The telecommunications company, Vodafone has moved to quell fears about the future of 500 jobs at a call centre, south of Hobart.
There are concerns Vodafone's merger with Hutchison...
ABC Business News -
Thursday July 2, 2009, 6:15 pm
WTO sees rising protectionism
A leaked report from the World Trade Organisation (WTO) says that nations are throwing up trade barriers in response to the global recession.
It comes as Australia's trade deficit for May almost...
ABC Business News -
Thursday July 2, 2009, 6:09 pm
