News archive from 3 September 2013

Look beyond the doomsayer's cry

Analysis The Reserve Bank's commodities index has risen for the past two months. In Australian dollar terms, it's higher than it was a year ago. So much for the reported death of commodities. Also released yesterday were Australian Bureau of...

 
Yet another twist in Billabong saga

Yet another twist in Billabong saga

The never-ending battle for control of troubled surfwear group Billabong, now almost entering its second year, has taken another twist after an activist New York hedge fund demanded a shareholder meeting to dump the board and derail an already...

 

Look beyond the doomsayer's cry

Analysis The Reserve Bank's commodities index has risen for the past two months. In Australian dollar terms, it's higher than it was a year ago. So much for the reported death of commodities. Also released yesterday were Australian Bureau of...

TheAge, 09:06 in Business
 

Yet another twist in Billabong saga

Hiccup: A partially executed deal to save Billabong may be delayed again. Photo: Bloomberg The never-ending battle for control of troubled surfwear group Billabong, now almost entering its second year, has taken another twist after an activist New...

TheAge, 09:06 in Business
 

Look beyond the doomsayer's cry

Analysis The Reserve Bank's commodities index has risen for the past two months. In Australian dollar terms, it's higher than it was a year ago. So much for the reported death of commodities. Also released yesterday were Australian Bureau of...

 
European markets rally amid signs of an economic recovery on the continent

European markets rally amid signs of an economic recovery on the continent

European stock markets rallied and copper prices rose as markets cheered signs the eurozone is seeing early signs of an economic recovery.Trade on Wall Street was closed for the US Labor Day long weekend, but the major European indices all posted...

ABC News, 09:12 in Business
 
Dollar down ahead of RBA decision

Dollar down ahead of RBA decision

THE Australian dollar is slightly lower as traders move out of riskier assets, playing it safe ahead of a big day of economic events. Trading volumes were down during the overnight session because US markets were closed for the Labor Day public...

 

Euro manufacturing jumps to two-year high

New orders came in at their quickest rate since May 2011, suggesting the momentum will continue. Markit's Manufacturing Purchasing Managers' Index (PMI) jumped to 51.4 from 50.3 in July - the first month the index had been above the 50 line that...

 

Euro manufacturing jumps to two-year high

New orders came in at their quickest rate since May 2011, suggesting the momentum will continue. Markit's Manufacturing Purchasing Managers' Index (PMI) jumped to 51.4 from 50.3 in July - the first month the index had been above the 50 line that...

 

Euro manufacturing jumps to two-year high

New orders came in at their quickest rate since May 2011, suggesting the momentum will continue. Markit's Manufacturing Purchasing Managers' Index (PMI) jumped to 51.4 from 50.3 in July - the first month the index had been above the 50 line that...

 
Future of troubled Gippsland lender GSI to be decided today

Future of troubled Gippsland lender GSI to be decided today

The future of the troubled Victorian lender Gippsland Secured Investments (GSI) will be decided today.The Federal Court gave the trustee company backing GSI the power to place the company into receivership late yesterday. GSI stopped customer...

ABC News, 09:28 in Business
 

Market set to open higher

THE Australian market looks set to open higher after European bourses made sharp gains on upbeat Chinese and eurozone economic data, and receding investor concerns over a US intervention in Syria. Wall Street was closed for the Labor Day public...

 
Port Pirie Council panel backs changes to Barn Hill wind farm plan

Port Pirie Council panel backs changes to Barn Hill wind farm plan

Port Pirie Council's development assessment panel has approved changes to a planned wind farm near Redhill in the mid-north of South Australia. The proposed 62-turbine Barn Hill wind farm was approved in 2009. But early last year its proponent AGL...

ABC News, 09:52 in Business
 
Nationals push Outback Way in bush votes chase

Nationals push Outback Way in bush votes chase

Nationals leader Warren Truss is promising to spend an extra $33 million on sealing more of an outback highway joining Queensland, the Northern Territory and Western Australia.The 2,800 kilometre Outback Way is a series of roads and tracks between...

ABC News, 10:06 in Business
 

Green light for Virgin's trans-Tasman tie-up

The competition regulator has approved Virgin Australia extending its alliance with Air New Zealand on the trans-Tasman route for another five years - two years longer than it had originally proposed. Releasing its final decision today, the Australian...

 
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