News archive from 1 December 2013

Worker killed at Hunter Valley coal mine

Worker killed at Hunter Valley coal mine

Operations at a coal mine in the New South Wales Hunter Valley have shut down after a female contractor was killed.Emergency crews were called to Glencore's Ravenswoth open cut mine near Singleton just before midnight on Saturday (AEDT). Glencore says...

ABC News, 11:57 in Business
 
Grain growers stunned by Hockey's GrainCorp decision

Grain growers stunned by Hockey's GrainCorp decision

Grain growers are gobsmacked by the Treasurer Joe Hockey's decision to reject American company Archer Daniels Midland's bid for GrainCorp.Growers representatives told the ABC they'd come to believe the most likely outcome would be the Treasurer...

ABC News, 12:21 in Business
 
Bishop says shark attacks are affecting WA tourism

Bishop says shark attacks are affecting WA tourism

The Foreign Minister Julie Bishop says she is sure shark attacks off the West Australian coast are having an impact on tourism.The WA government is reviewing shark response policies after a surfer was killed last weekend. The state Fisheries Minister...

ABC News, 15:53 in Business
 

AIM merger 60 years in the making

The amalgamation combines its branches in all states and territories other than Western Australia under one umbrella, with the new entity known as the AIM Group. The merger was approved by members last week. Under the new structure AIM Group will have...

 
ANZ class action: Customers take bank to Federal Court over bank fees

ANZ class action: Customers take bank to Federal Court over bank fees

The biggest consumer class action in Australian history begins this morning in the Federal Court in Melbourne.Maurice Blackburn is taking the action on behalf of 38,000 ANZ customers over the fees the bank has charged. The court will examine whether...

ABC News, 01:29 in Business
 
Bank fee class action eyes new targets

Bank fee class action eyes new targets

Law firm Maurice Blackburn has further expanded its class action against bank fees, with St George and Bank SA now within its sights.Australia's largest class action already had taken aim at the big four banks and Citibank, with some 150,000 bank...

ABC News, 01:50 in Business
 
High Court begins hearing ANZ class action

High Court begins hearing ANZ class action

Australia's biggest class action reached the High Court today, a suit against the ANZ Bank over fees.The battle is over what is fair to charge customers for missing a credit card payment or not having quite enough money in their account. Lawyers for...

ABC News, 01:50 in Business
 
NY train derailment: Four dead, dozens injured near Hudson River

NY train derailment: Four dead, dozens injured near Hudson River

At least four people were killed and more than 60 injured when a train derailed in New York's Bronx district. The commuter train was travelling from Poughkeepsie to Grand Central with about 150 passengers when it left the tracks. The accident happened...

ABC News, 06:56 in Business
 
Environment Minister Greg Hunt optimistic on carbon tax Senate vote before Christmas

Environment Minister Greg Hunt optimistic on carbon tax Senate vote before Christmas

The Federal Government's carbon pricing bills are headed for defeat in the Senate by Christmas unless the Opposition can stall the vote in the last sitting fortnight.Parliament resumes today for the final sitting fortnight of the year and Environment...

ABC News, 08:13 in Business
 
Productivity Commission hearing in Adelaide: Holden's manufacturing future on the line, says Premier Jay Weatherill

Productivity Commission hearing in Adelaide: Holden's manufacturing future on the line, says Premier Jay...

South Australian Premier Jay Weatherill hopes the Productivity Commission will hear a united message on the importance of the car industry at today's hearing in Adelaide.There will be submissions from the State Government, Australian Manufacturing...

ABC News, 08:54 in Business
 
GrainCorp CEO Alison Watkins resigns, days after Joe Hockey rejects ADM's $3.4 billion takeover bid

GrainCorp CEO Alison Watkins resigns, days after Joe Hockey rejects ADM's $3.4 billion takeover bid

GrainCorp chief executive Alison Watkins has resigned, just days after Federal Treasurer Joe Hockey vetoed a $3.4 billion takeover bid for the company by US agribusiness giant Archer Daniels Midland.In a statement to the share market, the company says...

ABC News, 09:02 in Business
 
Bitcoin explained: the digital currency making millionaires

Bitcoin explained: the digital currency making millionaires

The digital currency bitcoin has exploded in popularity since it began four years ago.Where once a single bitcoin was worth a few cents online, it is now pushing on $1,000 per coin, creating millionaires in the process. There have been many reported...

ABC News, 09:02 in Business
 
Australians paying 14 times more for prescription drugs than other Commonwealth nations

Australians paying 14 times more for prescription drugs than other Commonwealth nations

A report has found that Australians pay at least 14 times more for prescription drugs than people in the UK, New Zealand and Canada. The Grattan Institute report compared wholesale drug prices in Australia with those in the UK, New Zealand and Canada...

ABC News, 09:31 in Business
 
Australians paying 14 times more for prescription drugs than other Commonwealth nations

Australians paying 14 times more for prescription drugs than other Commonwealth nations

A report has found that Australians pay at least 14 times more for prescription drugs than people in the UK, New Zealand and Canada. The Grattan Institute report compared wholesale drug prices in Australia with those in the UK, New Zealand and Canada...

ABC News, 09:38 in Business
 
Rolando Marranci named new manager of Vatican bank

Rolando Marranci named new manager of Vatican bank

THE troubled Vatican bank has announced its new top manager, promoting an outside consultant who had stepped in when the bank's top two managers resigned amid scandal last summer. Rolando Marranci had worked for Promontory Financial Group advising the...

 
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