Three WA regions reaches national hotspots list
Three Western Australian regions have made it to the top list for construction of new homes.
Tenet withdraws Healthscope bid
US-based Tenet Healthcare Corporation has withdrawn its takeover offer for Australian private hospitals operator Healthscope Ltd.
Rudd will successfully handle mining tax – Gray
A Labor representative comments that Prime Minister Kevin Rudd will negotiate the “muddy waters” surrounding his proposed super profits tax the same way he handled Australian's response to the global financial crisis.
Banking data collection denied by Google Australia
Internet giant Google has flat out denied claims from Communications Minister Stephen Conroy that its Street View Cars can capture people's personal banking details.
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US calls on China to allow the appreciation of Yuan
US Treasury Secretary Timothy Geithner has called on China to allow its currency to appreciate and take its true form, integrating the policy to a much wider economic reform that would free up Beijing from too much dependence on exports and encourage domestic demands for its products.
Private sector eyes growth; fears of tight lending conditions could hamper expansion plans
Private companies are eyeing expansion plans and growth this year as a recent survey revealed most companies hold positive outlooks for the economy. The survey showed that the number of companies planning for development and growth has dramatically increased in mid-term.
FIRB oks TFS Sandalwood deal with US firm
Foreign Investment Review Board (FIRB) has approved an investment agreement between Western Australian sandalwood grower TFS Corporation and a US-based institutional investor.
RBA to show mercy through an interest rate halt
Governor Glenn Stevens of Reserve Bank of Australia is advised to inform a rate rise halt when he speaks later this Wednesday at Castle Hill, in the heart of north-western Sydney's mortgage belt.
Sedgman Ltd awarded $80m contract for Mozambique Benga proj
Sedgman Ltd announced it has signed a new contract worth $80 million for the Benga coal handling and preparation plant (CHPP) in Mozambique.
Working Australians support 12% SG increase
In a recent poll, nine out of 10 working Australians favor the Government's proposal to increase the superannuation guarantee (SG) to 12 per cent.
Australian dollar lower on Friday's session from US soft jobs report
On Monday, the Australian dollar opened two US cents lower; a reaction when markets expressed worries of a soft jobs report in the US that suggested a slower than expected recovery in the world's largest economy.
Western Plains to sell iron ore from Peculiar Knob mine
Western Plains Resources Ltd will be selling a total of 9 million tonnes of iron ore fines over a period of five years from its Peculiar Knob project in South Australia.
Brambles loses US customer
Supply chain and information management solutions provider Brambles Ltd confirmed today that it has lost one of its biggest customers in the United States but asserted that the loss would have no impact on its 2010 accounts.
Aussie police gets referral to probe Google on privacy breaches
The Australian Police were tasked to probe Internet giant Google for possibly breaching telecommunications privacy law.
Average tax refund to drop 13% -Bankwest survey
This year, the average tax refund is anticipated to drop by 13 per cent to $2,344 while a recent survey showed that nearly half of tax payers are planning to use their tax refunds to pay off debt.
Consumer watchdog pressured to investigate Coles branding
There have been several calls to the consumer watchdog to pursue an investigation to Coles for putting its products with a “tick symbol” which is similar to the symbol used by the Heart Foundation.
Swan hears concerns from miners
Federal Treasurer Wayne Swan said he is listening to several “legitimate” concerns about the proposed resources super profit tax from the miners.
Little impact of European debt crisis in Aussie banks
Australian banks would probably not to be affected by the European debt crisis, said a representative of a bank and life insurance regulation authority, adding that most institutions and organizations have had little exposure to trouble continental lenders.
Shortage of properties, sales are up says real estate group
Ray White, the country’s largest real estate and property group, says that there is still a shortage in properties and housing in Australia. But the group also marked positive sales. Ray White recorded an eight per cent sales increase on May.
Small businesses still affected by the global financial crisis - CBA
Small businesses are still suffering from the economic blow of the global financial crisis, noted one of the largest banks in the country.
HIA says WA government must work harder to create more affordable housing
The Housing Industry Association (HIA) has affirmed concerns earlier by Western Australia’s Chamber of Commerce and Industry (CCI) that the state government would need to release more land and increase urban density in order to encourage more affordable housing availability.
Qantas adds flights to Queenstown
Qantas has announced today that it will be adding seven supplementary services between Melbourne and Queenstown, New Zealand to support demand over the peak summer periods and to coincide with the upcoming ski season.
Expensive houses will scare off workers -economist
High prices of housing will slow down the growth of the country’s next boom since this will push labor shortages, says an economist.
Australians picking on European wines as global prices stumble
Australians appeared to be taking a fancy on premium European wines amidst its stumbling prices as official statistics showed that imported table wine declined by at least more than a dollar per litre or 13 percent in the year leading to March.
Foxtel-Telstra deal may still pursue
Foxtel has requested the competition regulator to approve its deal that wants its pay-TV's operator services be made available only to Telstra broadband users.
Austal receives $35M order from Guadeloupe ferry operator
Aluminum vessel designer and manufacturer Austal has signed a $35 million unconditional contract with Guadeloupe-based ferry operator L'Express des Iles.
G20 issues draft statement warning of fragile global recovery
A communiqué draft released by the Group of 20 economic world powers yesterday has cautioned that the ongoing global recovery is still fragile as showcased by recent volatility in the financial markets.
Bligh fears of jobs in Queensland
Queensland Premier Anna Bligh expressed her concerns and worries after mining giant Xtrata announced it will shelve its two projects in Queensland.
Upward movements on global equities spur oil price hikes
Encouraged by positive indicators coming from the US market and other major worldwide markets, oil prices surged yesterday with New York’s light sweet crude delivery for July hitting $US73.28 per barrel and London’s Brent North Sea steadying at $US74.18 per barrel.
Cazaly Resources names rail haul partner for Parker Range
Cazaly Resources announced it has selected Pacific National Bulk rail to provide rail haulage services for its Parker Range iron ore project.
NAB continues takeover deal with AXA
Negotiations for a takeover bid continues between National Australia Bank and AXA Asia Pacific Holdings with the competition regulator over a possible divestment of AXA's north investment platform.
Cape Alumina puts Cape York proj on hold as Qland govt declares Wenlock wild river
Cape Alumina Ltd. has placed its Pisolite Hills bauxite mine and port project in western Cape York under review as a result of the Queensland Government's declaration of the Wenlock River basin as a wild river area under the state's Wild River legislation.
Places in Australia for affordable homes
If purchasing a house in Australia is a bit challenging decision to make, the Federal Government has released its research data revealing places that are likely to have affordable houses for sale.
Aquila Resources confirms Vale acquisition of its Belvedere stake
Aquila Resources Ltd. issued a statement to the Australian Stock Exchange (ASX) confirming earlier reports that Brazilian mining giant Vale S.A. will acquire Aquila's stake in Belvedere hard coking coal project.
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