News archive from 2 December 2013

PM Tony Abbott takes to YouTube to ramp up pressure on Labor over carbon tax repeal bill

PM Tony Abbott takes to YouTube to ramp up pressure on Labor over carbon tax repeal bill

Prime Minister Tony Abbott has moved to increase pressure on the Labor Party over axing the carbon pricing scheme, saying it would be the "best possible Christmas present" for Australians.Legislation to repeal the scheme is set for debate in...

ABC News, 11:03 in Business
 
RP-Data Rismark property index shows capital city house prices edged up by 0.1 per cent in November

RP-Data Rismark property index shows capital city house prices edged up by 0.1 per cent in November

After months of exceptionally strong gains in several cities, capital city home prices lost some momentum in November.The average across the eight capital cities was a monthly gain of 0.1 per cent, capping off a large 3 per cent rise over spring, and...

ABC News, 11:35 in Business
 
GrainCorp chief Alison Watkins resigns after US buyout blocked

GrainCorp chief Alison Watkins resigns after US buyout blocked

GrainCorp chief executive Alison Watkins resigned on Monday, just days after the Australian government blocked a takeover bid by American agribusiness giant Archer Daniels Midland (ADM) for being against the national interest. Watkins said she would...

 
Amazon plans to use drones for delivery

Amazon plans to use drones for delivery

AMAZON CEO Jeff Bezos revealed Sunday that his company is looking to the future with plans to use "octocopter" mini-drones to fly small packages to consumers in just 30 minutes. The US retail giant's ambitious project still requires...

 
Australian class action close to settlement with Lehman Brothers liquidator over sub-prime losses

Australian class action close to settlement with Lehman Brothers liquidator over sub-prime losses

A group of Australian councils, churches and charities that lost millions of dollars in the US sub-prime mortgage crisis are has reached a settlement with the liquidator of the collapsed investment bank Lehman Brothers.Publicly listed litigation...

ABC News, 14:54 in Business
 
Perth's median house price breaks record as sales increase close to the city

Perth's median house price breaks record as sales increase close to the city

The mining boom may be past its peak but it has not stopped the Perth housing market setting a new price record.The Real Estate Institute of Western Australia says a boost in sales close to the city has raised the median house price to around...

ABC News, 16:03 in Business
 
Qantas reaches domestic and international code share agreement with China Southern Airlines

Qantas reaches domestic and international code share agreement with China Southern Airlines

Qantas has reached a code share deal with China's biggest airline, in a deal that will allow the carriers to share passengers across domestic and international routes.China Southern Airlines has released a statement on the agreement, which its hopes...

ABC News, 16:10 in Business
 
Papua New Guinea mining industry faces downturn after 10 years of growth

Papua New Guinea mining industry faces downturn after 10 years of growth

The Papua New Guinea Chamber of Mines and Petroleum says the country's mining industry is experiencing its first downturn in a decade.The Chamber says while the gas industry is booming, mining is facing difficult times in the wake of decreasing...

ABC News, 16:53 in Business
 
Mr World is flexing muscle worth $16.9 million

Mr World is flexing muscle worth $16.9 million

In 1992 he joined a gym in Newcastle because he wanted to add 10 kilograms to his “slim build”. By 1997 he was Mr Australia and added body-building's top gong, Mr World, to his list of awards. “It's funny, I didn't even like body-builders. I thought...

 
Mr World is flexing muscle worth $16.9 million

Mr World is flexing muscle worth $16.9 million

In 1992 he joined a gym in Newcastle because he wanted to add 10 kilograms to his “slim build”. By 1997 he was Mr Australia and added body-building's top gong, Mr World, to his list of awards. “It's funny, I didn't even like body-builders. I thought...

 
Mr World is flexing muscle worth $16.9 million

Mr World is flexing muscle worth $16.9 million

In 1992 he joined a gym in Newcastle because he wanted to add 10 kilograms to his “slim build”. By 1997 he was Mr Australia and added body-building's top gong, Mr World, to his list of awards. “It's funny, I didn't even like body-builders. I thought...

 
Shares hit six-week low as banks and mining stocks lose value

Shares hit six-week low as banks and mining stocks lose value

Local shares have fallen to their lowest level in six weeks today, as banks and mining stocks were sold off ahead of tomorrow's final interest rates meeting for the year.The All Ordinaries Index has closed down 41 points to 5,274 and the ASX 200 has...

ABC News, 17:53 in Business
 
Millionaires to turn Triabunna woodchip mill into tourist attraction, angering Tasmania's forestry industry

Millionaires to turn Triabunna woodchip mill into tourist attraction, angering Tasmania's forestry industry

Two Australian millionaires will transform a key Tasmanian woodchip mill into a major tourist attraction, in a blow to the State Government and the forestry industry.The Triabunna mill was sold to Wotif.com co-founder Graeme Wood and Kathmandu...

ABC News, 19:15 in Business
 
Second Sydney airport: Government promise resolution to saga, hints site will be Badgerys Creek

Second Sydney airport: Government promise resolution to saga, hints site will be Badgerys Creek

The Federal Government says planes could be taking off from a second Sydney airport within 15 years.In an exclusive interview with 7:30, Deputy Prime Minister Warren Truss gave his strongest indication yet that the airport will be built at Badgerys...

ABC News, 19:39 in Business
 
ANZ class action: Bank accused of using fees to boost profits

ANZ class action: Bank accused of using fees to boost profits

Law firm Maurice Blackburn has produced a range of documents obtained from the ANZ bank, which it says shows the bank was using unfair customer fees to prop up its profits.Maurice Blackburn is leading a class action on behalf of 38,000 ANZ customers...

ABC News, 20:04 in Business
 
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