BUSINESS

PM pressed by mining tax deadline

New prime minister Julia Gillard is rushing to meet a Friday deadline to conclude the damaging debate over the resource super-profits tax.

Potential performers in ASX200

As trading opens today, analysts polled by the International Business Times said these are the stocks to watch with the biggest potential.

National foods to close Wetherill Park and Cobden sites

National foods to close Wetherill Park and Cobden sitesNational Foods today advised its workers that the Wetherill Park and Cobden fresh dairy sites will be closed over the next two years, with 280 jobs to be lost.The company will expand its Morwell site in Victoria and Baulkham Hills site in NSW, w...
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Government anxious to end RSPT issue

The Australian government has announced it is open for discussions with the mining sector over the controversial resource super profits tax and is anxious to resolve the matter as quickly as possible.

Falcon marks 50th anniversary as Ford unveils newest series incarnation

Ford Falcon celebrated its 50th year of inception on Monday as company workers, friends and family gathered in Ford Australia’s Broadmeadows plant in Melbourne to witness the showcasing of Falcon’s evolution, from the initial model XK Falcon down to its latest 2010 limited edition series.

HIA predicts sluggish housing recovery

The Housing Industry Association (HIA) is anticipating a sluggish development in new home building by next year as it cited that the government’s slow progress in releasing more lands and the dwindling availability of funds for real estate developers are tempering fresh housing initiatives.

Gillard strives for fast deal on mine tax

New Prime Minister Julia Gillard seeks a quick agreement with miners over RSPT in order to counterbalance the issue at this year's general election, according to newspapers.

Iron Ore Holdings shares drop by 21%

Shares of Iron Ore Holdings Ltd., fell as much as 21 percent to A$1.395 on the Australian stock exchange and traded at A$1.475 at 12:04 p.m. Sydney time.

Shares open higher

The share market recorded higher at the opening today, thanks to the financial and energy sectors.

Slater & Gordon purchases litigation law firm in Queensland

Publicly listed law firm Slater & Gordon announced on Monday that it is acquiring Trilby Misso Lawyers Ltd for $57 million, declaring that the purchase should bolster the firm’s strategic goal of leading the country’s personal injuries litigation market.

WorleyParsons wins Brazil contract

WorleyParsons Ltd has cut a deal to supply engineering services for Brazilian iron ore mining company Vale's S11D project near Sao Paulo in Brazil.

A Cuppa Gold

Two more suggestions why gold might be poised for another rally higher.

Holden announces return of second shift in SA plant

Holden said today that it is set to resume the second production shift of its Elizabeth plant in South Australia by November following its decision last year to reduce production and dump the two-shift production day scheme citing difficulties brought by the global financial crisis.

Wattyl takes $142m Valspar offer

Wattyl, which has a market capitalisation of $107m, has accepted a $142 million takeover proposal from Valspar, the Sydney-based company announced today.

Markets Outlook Goes Cloudy

World stocks, as measured by the MSCI, are down more than 7% since January, leaving many investors wondering where grow...

BP Dominates Oil Markets

Oil prices rose more than 3% on Friday, but it had nothing to do with the normal ebb and flow of the markets and daily a...

US Economic Growth Slides

Last week the US Federal Reserve surprised with a post meeting statement that weakened its previously confident stance a...

Tectonic gold project endures RSPT

The Phillips River gold project is not likely to be cancelled if the resource super profits tax is implemented in its current form, according to Junior gold and base metals explorer Tectonic Resources.

Ford chief pushes sustainable fuel

Ford Australia chief Marin Burela is in drive for a greener Ford Territory and more fuel efficient power in its Landmark Falcon, believing that these are among the initiatives that will uphold the company's fortunes in Australia.

Aussie government implements lower home loan exit charges

Starting Thursday this week, the Australian Securities and Investments Commission (ASIC) will be granted the authority to void skyrocketing home loan exit charges that are not directly related to expenses banks actually shouldered in closing accounts, a clear benefit for consumers and home owners.

Vodafone Hutchison rebrands mobile outlets

Vodaphone Hutchison Australia has started on a multi-million-dollar exercise that will see all 93 of VHA's 3 mobile stores revamped as multi-branded Vodafone and 3 stores.

Telstra to focus on customer household services

Telstra intends to acquire companies with software capabilities and product development as it seeks to chart a new course to focus on digital households and customer services, David Thodey, chief executive officer of Telstra said.

China's taste for WA wine translates to market opportunity

Chinese consumers' growing thirst for premium Western Australian wine has led to a new book profiling top local wineries.Agriculture and Food Minister Terry Redman will tonight launch the ‘Western Australia Wineries' book, as part of a WA wine masterclass in Shanghai. The publication is printed in...

Fonterra delivers pricing innovation for farmers

Fonterra Australia has launched a new incentive payment which provides returns to all Victorian and Tasmanian suppliers, gives improved cash flow through the season and enhances the popular Seasonal Ratio Payment (SRP) with up-front payments.Fonterra's National Milk Services Manager, Heather Stacy, ...

Superstar international chefs at Sydney International Food Festival

Some of the biggest names on the world food scene are heading to Sydney this October for the Crave Sydney International Food Festival, including some of the hottest stars from the World's Best Restaurants list.Festival Director Joanna Savill today announced the extraordinary line up fronting the Wor...

Cold Rock uses Facebook to connect with customers

Cold Rock Ice Creamery is embracing the social media revolution by using Facebook and Twitter to communicate with its customers.The national ice cream franchise, which has an official Cold Rock Facebook fan page, is encouraging franchisees to set up their own fan pages to give customers exclusive co...

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