News archive from 5 June 2013

Reserve Bank holds rates but wants to see dollar go lower

The bank board decided to leave its cash rate on hold at the half-century low of 2.75 per cent on Tuesday in part because it saw some signs its earlier cuts were boosting economic activity and wanted to wait and see if there were more. It was also...

 

Shares plunge as takeover talks aborted

The Australian surfwear brand said on Tuesday it was in talks with private equity groups - Altamont Capital Partners and Sycamore Partners, with Billabong America's head, Paul Naude - about refinancing options and selling assets, after they walked...

 
Media companies AAP, Metro Media Publishing cut staff

Media companies AAP, Metro Media Publishing cut staff

Another Australian media company has announced it is cutting staff. The Australian Associated Press (AAP) produces news stories published by media organisations across the country. But journalists and editors briefed yesterday were told the media...

ABC News, 09:17 in Business
 
More $100K Qld public servants despite LNP job cuts: report

More $100K Qld public servants despite LNP job cuts: report

New figures shows there are more Queensland public servants earning over $100,000 a year than when the Liberal National Party (LNP) Government started its job cuts.March figures from the Public Service Commission show there are about 13,000 fewer...

ABC News, 09:22 in Business
 

Reserve Bank holds rates but wants to see dollar go lower

The bank board decided to leave its cash rate on hold at the half-century low of 2.75 per cent on Tuesday in part because it saw some signs its earlier cuts were boosting economic activity and wanted to wait and see if there were more. It was also...

 

Shares plunge as takeover talks aborted

The Australian surfwear brand said on Tuesday it was in talks with private equity groups - Altamont Capital Partners and Sycamore Partners, with Billabong America's head, Paul Naude - about refinancing options and selling assets, after they walked...

 

Reserve Bank holds rates but wants to see dollar go lower

The bank board decided to leave its cash rate on hold at the half-century low of 2.75 per cent on Tuesday in part because it saw some signs its earlier cuts were boosting economic activity and wanted to wait and see if there were more. It was also...

 

Shares plunge as takeover talks aborted

The Australian surfwear brand said on Tuesday it was in talks with private equity groups - Altamont Capital Partners and Sycamore Partners, with Billabong America's head, Paul Naude - about refinancing options and selling assets, after they walked...

 

Packer's $350m Sri Lanka gamble confirmed

Australian gambling tycoon James Packer is teaming up with a Sri Lankan partner for a $350 million investment in the country's tourism industry, including a hotel with at least 400 rooms, the island nation's investment promotion minister said on...

 
Duet's 'simplification' more a trick than a transaction

Duet's 'simplification' more a trick than a transaction

Duet restructure cost $10 million. Photo: Jessica Shapiro The Duet Group has unveiled its "Group Simplification Proposal", the documentation for what may be deemed the most unnecessary deal of the year. The dense 213-pager contains the plan...

 

Packer's $350m Sri Lanka gamble confirmed

Australian gambling tycoon James Packer is teaming up with a Sri Lankan partner for a $350 million investment in the country's tourism industry, including a hotel with at least 400 rooms, the island nation's investment promotion minister said on...

 

Duet's 'simplification' more a trick than a transaction

Duet restructure cost $10 million. Photo: Jessica Shapiro The Duet Group has unveiled its "Group Simplification Proposal", the documentation for what may be deemed the most unnecessary deal of the year. The dense 213-pager contains the plan...

 

Packer's $350m Sri Lanka gamble confirmed

Australian gambling tycoon James Packer is teaming up with a Sri Lankan partner for a $350 million investment in the country's tourism industry, including a hotel with at least 400 rooms, the island nation's investment promotion minister said on...

TheAge, 09:48 in Business
 
Duet's 'simplification' more a trick than a transaction

Duet's 'simplification' more a trick than a transaction

The Duet Group has unveiled its "Group Simplification Proposal", the documentation for what may be deemed the most unnecessary deal of the year. The dense 213-pager contains the plan to simplify the labyrinthine structure of the Duet Group...

TheAge, 09:48 in Business
 
150 marine scientists warn of port construction threat to Great Barrier Reef

150 marine scientists warn of port construction threat to Great Barrier Reef

More than 150 marine scientists have called on the federal and Queensland governments to stop all construction outside major ports along the Great Barrier Reef.The group of scientists and 33 institutions have backed a declaration that warns of the...

ABC News, 09:56 in Business
 
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