BUSINESS

Parts of Hay Point closed down for repairs

BHP Billiton-Mitsubishi Alliance and Prime Infrastructure Group shut berths at two terminals of the Hay Point port, the world's biggest export harbor for coal, to carry out planned maintenance.
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Micro Cap Rising Stars ? Silver Chef

Silver Chef is effectively a finance company providing small industrial equipment solutions, enjoying strong growth and paying an enviable yield.

World Market Overview

U.S. stocks rallied broadly Wednesday in the third biggest one day gain of the year, pushing the Dow Jones Industrial Average back above the key 10000 level.

Higher rates for small, medium businesses

The major banks are likely to keep lifting interest rates for small and mid-sized business clients in a bid to recover funding costs. The hikes will be another hurdle for the sector, which continues to be weak.

Auckland Airport buys 25% in Queenstown

Auckland International Airport Ltd. will invest NZ$27.7 million ($19 million) buying a 25 percent stake in Queenstown Airport, which has the nation's fourth-largest number of international visitors.

New tax cost budget $35bn, report says

The Gillard government's decision to pacify mining companies by revamping the resource tax could cost the budget $35 billion in revenue this decade, a report says.

More sauce on the Australian table: trends

Australia's market for sauces, dressings and condiments is growing, with 2008 sales clocking $1.8 billion, say market research group Datamonitor, with growing health concerns, including childhood obesity, plus an increase in at-home consumption, boosting the trend.The report, Sauces, Dressings and C...

FSANZ considering food from GM cotton

FSANZ has called for public comment on a submission by Bayer CropScience to approve foods derived from genetically modified cotton, mostly in the form of oil and linters.The cotton line, GHB119, is protected against feeding damage by caterpillars by a modified gene from Bacillus thuringiensis, a soi...

Amazon.com expands grocery delivery to UK

Online retail giant Amazon has started selling grocery products in the UK, after its announcement earlier this week of a similar service in Germany.The online store will offer ambient and household products from brands like Kraft, Nestlé, PepsiCo, Proctor & Gamble and international brand suppli...

Fonterra reports fall in milk-powder prices

New Zealand dairy giant Fonterra has reported a fall in milk-powder prices in its latest internet auction as concerns over supplies started to ease.The price of skim milk powder fell 11.8%, while the price of whole milk powder dropped 14.8% in the latest globalDairyTrade auction. The price of anhydr...

Jeremy Cooper Defends The Controversial Cooper Review

Jeremy Cooper, the former deputy chairman of the Australian Securities and Investment Commission (ASIC) and author of the controversial government review of the Australian superannuation system, has defended his plan for low cost MySuper accounts.The accounts are intended as a default for people who...

Competition Regulator To Decide On NAB Bid For AXA APH In September

The saga that has gripped the Australian wealth management industry involving the bitter take -over battle for AXA Asia Pacific Holdings between two bidders NAB and AMP, is unlikely to be resolved before September when the competition regulator consults the market regarding NAB’s proposed $14 bill...

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