News archive from 10 November 2013

Mining slump hits bottom line of Downer EDI's locomotive business

Mining slump hits bottom line of Downer EDI's locomotive business

Engineering and infrastructure company Downer EDI says a downturn in mining demand is significantly affecting its locomotive construction business.Downer says its orders to build between 55 and 60 locomotives three years ago have "dropped off...

ABC News, 11:57 in Business
 
Wilkie labels Hobart light rail proposal half-baked

Wilkie labels Hobart light rail proposal "half-baked"

The Federal member for Denison has hit out at the Tasmanian Government for putting forward what he calls a "half-baked" plan for the Hobart-based light rail.The government has released plans for the light rail network it is calling...

ABC News, 11:57 in Business
 

Strong US jobs data boosts oil prices

In London trade, the European benchmark, Brent North Sea crude for December, jumped $US1.66 to settle at $US105.12 a barrel. The US Labor Department’s highly anticipated October jobs report showed the world’s largest economy added a surprising 204,000...

 

Australian sharemarket closes lower for week after four-week rise

''The party continues for the banks. That's probably one of the biggest stories for the week,'' said Leyland Private Asset Management senior portfolio manager Rohan Schmidt. ''If you take out the banks, it's been a fairly flat week. We've had the...

 

Strong US jobs data boosts oil prices

In London trade, the European benchmark, Brent North Sea crude for December, jumped $US1.66 to settle at $US105.12 a barrel. The US Labor Department’s highly anticipated October jobs report showed the world’s largest economy added a surprising 204,000...

 

Australian sharemarket closes lower for week after four-week rise

''The party continues for the banks. That's probably one of the biggest stories for the week,'' said Leyland Private Asset Management senior portfolio manager Rohan Schmidt. ''If you take out the banks, it's been a fairly flat week. We've had the...

 

Strong US jobs data boosts oil prices

In London trade, the European benchmark, Brent North Sea crude for December, jumped $US1.66 to settle at $US105.12 a barrel. The US Labor Department’s highly anticipated October jobs report showed the world’s largest economy added a surprising 204,000...

 

Australian sharemarket closes lower for week after four-week rise

''The party continues for the banks. That's probably one of the biggest stories for the week,'' said Leyland Private Asset Management senior portfolio manager Rohan Schmidt. ''If you take out the banks, it's been a fairly flat week. We've had the...

 

SMSF-bashing begins as financial services inquiry looms

His reasoning is that there are a certain number of SMSF trustees that should not be managing their own money because they do not understand what they are doing. SMSF trustees are not the only investors subject to fraud and are not good at managing...

 

Avalon Airport must diversify after Qantas cuts, says CEO Giddings

Avalon Airport chief executive Justin Giddings said the loss of the Qantas heavy maintenance base ''presents a challenge'' to find new tenants for three hangars - each 10,000 square metres - used for work on 747 jumbos. It also has two other hangars...

 

Building firm Leighton 'did not deny' bribe claims, lawyer says

''This release is more instructive for what it does not say than what it does,'' Mr O'Bryan told the court. ''What it does not say is that anything identified in the Fairfax Media articles is false.'' Mr O'Bryan's appearance was part of the first...

 

CPA takeover to make Dexus biggest landlord in Australia

Dexus will emerge as the largest office landlord in the country, with a single, 26 per cent share of the Sydney high-grade office market. It is expected that, as part of the deal, CPA will operate as an unlisted wholesale office fund with some of the...

 

US optimism drives strong start to week for local sharemarket

The Dow Jones Industrial Average jumped 1.1 per cent, at 15,761.78 points, on Friday, and the Standard & Poor's 500 Index climbed 1.3 per cent, at 1770.61 points. It also led to speculation at the weekend that the US Federal Reserve may begin...

 

Paladin Energy moves to pacify shareholders

Mr Borshoff has twice cut his remuneration package in recent years, and documents suggest the company has further reduced his severance pay entitlements. Previously, Mr Borshoff was entitled to a severance package of two times his base salary,...

 

Timomatic hot property at Dexus awards in Sydney

The achievements honoured were outstanding and the bow-tied and cocktail-frocked guests were upstanding when Timomatic took the stage. It may have been cold and windy outside, but property types were soon working up a sweat as Timo showed the stuff...

 
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