News archive from 9 April 2013

Mine water plans spark river health worries

Mine water plans spark river health worries

Conservationists say more information is needed before the Queensland Government allows an extension of a mine water trial.The State Government has announced the trial of excess water releases will now be expanded to include all mines. Contaminated...

ABC News, 09:00 in Business
 
Palmer's $8.1b coal mine forced to make changes

Palmer's $8.1b coal mine forced to make changes

All trains transporting coal from billionaire Clive Palmer's proposed China First Coal Mine in central Queensland will be covered after plans for the project had to be changed.The State Government ordered a supplementary environmental impact statement...

ABC News, 09:13 in Business
 

Avon axes 400 jobs, exits Ireland

BEAUTY products company Avon is cutting more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe, including an exit from Ireland. Avon said the job cuts, which equate to about...

 
Businesses positive but current conditions tough

Businesses positive but current conditions tough

The latest survey of West Australian businesses by the Chamber of Commerce and Industry suggests they are finding economic conditions tougher than in previous months.The survey found sentiment about current operating conditions has declined since the...

ABC News, 09:22 in Business
 
 War, what war? Don't mention the (currency) war.

"War, what war? Don't mention the (currency) war."

YES, international finance collectives, G7 and G20 have been pulling their best Basil Fawlty impressions of late. With straight faces they are claiming that the policies they are pursuing, which have weakened the US dollar, severely weakened the Yen...

 
 War, what war? Don't mention the (currency) war.

"War, what war? Don't mention the (currency) war."

YES, international finance collectives, G7 and G20 have been pulling their best Basil Fawlty impressions of late. With straight faces they are claiming that the policies they are pursuing, which have weakened the US dollar, severely weakened the Yen...

 

Markets Live: ASX looks to follow US

9:26am: Here's what you need2know this Tuesday morning: SPI futures up 12 points AUD fetching $US1.0410, 103.4 yen, 68.27 pence, 80.05 euro cents In the US, the S&P500 added 0.6% to 1563.04 In Europe, the FTSE100 rose 0.4% to 6,276.94 Gold fell to...

 
Avon axes 400 jobs, exits Ireland

Avon axes 400 jobs, exits Ireland

Beauty products company Avon is cutting more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe, including an exit from Ireland. Avon said the job cuts, which equate to about...

SBS, 09:33 in Business
 

Markets Live: ASX looks to follow US

9:26am: Here's what you need2know this Tuesday morning: SPI futures up 12 points AUD fetching $US1.0410, 103.4 yen, 68.27 pence, 80.05 euro cents In the US, the S&P500 added 0.6% to 1563.04 In Europe, the FTSE100 rose 0.4% to 6,276.94 Gold fell to...

 

Markets Live: ASX looks to follow US

9:34am: US stocks ended a volatile session higher overnight as investors looked ahead to an earnings season expected to show modest growth despite concerns about macroeconomic conditions. Wall Street fluctuated between positive and negative territory...

TheAge, 09:40 in Business
 

US economy still has far to go: Bernanke

FEDERAL Reserve Chairman Ben Bernanke says the US economy still has far to go to recover to an acceptable state of health. "Today the economy is significantly stronger than it was four years ago, although conditions are clearly still far from...

 

Aust bonds open weaker

THE Australian bond market has opened weaker, moving in line with US Treasuries during offshore trading. At 0830 AEST on Tuesday, the June 10-year bond futures contract was trading at 96.740 (implying a yield of 3.260 per cent), down from Monday's...

 
Holden job losses could cause hundreds of others

Holden job losses could cause hundreds of others

Unions have slammed Holden in the wake of yesterday's announcement to slash 500 jobs, labelling the carmaker a 'shocking corporate citizen.'Holden will cut production of its Cruze vehicle at its Elizabeth plant in South Australia with the loss of 400...

ABC News, 10:01 in Business
 
Outback mayor pleads for cattle train return

Outback mayor pleads for cattle train return

A south-west Queensland mayor has called on the State Government to reinstate cattle and freight trains to the region.Murweh Mayor Denis Cook says the council has made a submission, as part of the Government's review into long distance travel. Earlier...

ABC News, 10:01 in Business
 

Jamaica pledged $US2 billion in loans

THREE key international lenders have announced preliminary approval for nearly $US2 billion ($A1.93 billion) in loans to support a sweeping restructuring program for impoverished Jamaica. The International Monetary Fund, the World Bank and the...

 
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