News archive from 12 June 2013

Shock as debt-laden Greece shuts down public broadcaster

Shock as debt-laden Greece shuts down public broadcaster

Greece's government has announced the immediate closure of public television and radio broadcaster ERT, in a shock move that affects nearly 2,700 jobs.Thousands rushed to the broadcaster's main headquarters in a northern Athens suburb shortly after...

ABC News, 09:01 in Business
 
Greens say Hunter Valley coal dust report was changed before publication

Greens say Hunter Valley coal dust report was changed before publication

The New South Wales Greens say they have evidence a recent report from a government-owned corporation on coal train dust in the Hunter Valley was changed before it was published.The Australian Rail Track Corporation's most recent emissions monitoring...

ABC News, 09:01 in Business
 

Dollar bounces back from 33-month lows

The Australian dollar is higher, after bouncing back a from heavy losses that saw it hit an almost three-year low overnight. At 7am AEST on Wednesday, the local unit was trading at 94.25 US cents, up from 94.02 cents on Tuesday. The currency started...

 

Dollar bounces back from 33-month lows

The Australian dollar is higher, after bouncing back a from heavy losses that saw it hit an almost three-year low overnight. At 7am AEST on Wednesday, the local unit was trading at 94.25 US cents, up from 94.02 cents on Tuesday. The currency started...

TheAge, 09:08 in Business
 

Life insurance industry feels the pinch of straitened times

In the past year, six of the biggest players in the industry have reported that profits have not met expectations by a combined $220 million. They blame higher than expected loss of customers as economic conditions deteriorate and higher than expected...

 
Cash strapped junior miners struggling to survive as conditions tighten

Cash strapped junior miners struggling to survive as conditions tighten

A new report has warned that hundreds of small mining firms could go under globally, including in Australia, before the end of the year. Ernst & Young says junior explorers, small firms which are looking for mineral deposits, are cash strapped and...

ABC News, 09:09 in Business
 
Bank urged to make way for smaller Gunns creditors

Bank urged to make way for smaller Gunns creditors

The Tasmanian Greens wants the ANZ bank to forego its claim against debt owed by failed timber giant Gunns.Gunns creditors, including the bank, are waiting to be repaid after the company went into administration in September. The company's receiver...

ABC News, 09:09 in Business
 
Business lobby group ramps up pre-election advertising campaign

Business lobby group ramps up pre-election advertising campaign

The Australian Chamber of Commerce and Industry has ramped up its pre-election advertising campaign to highlight the challenges confronting small businesses.The lobby group, which backed the controversial WorkChoices policy in the lead-up to the 2007...

ABC News, 09:17 in Business
 

Life insurance industry feels the pinch of straitened times

In the past year, six of the biggest players in the industry have reported that profits have not met expectations by a combined $220 million. They blame higher than expected loss of customers as economic conditions deteriorate and higher than expected...

 

Target set to cut hundreds of jobs at North Geelong headquarters

THE axe is set to fall on up to 300 workers at Target's North Geelong headquarters today. An internal review of the firm's store support office is expected to be announced to staff, who have been in fear for their jobs for six days. One Target...

 
How to run a successful marketing campaign

How to run a successful marketing campaign

WITH videos going viral every day and more products to be sold than ever before, marketing has never been more important. But how do you create and execute a marketing or advertising campaign destined to meet the masses? Well for starters, if everyone...

 

Life insurance industry feels the pinch of straitened times

In the past year, six of the biggest players in the industry have reported that profits have not met expectations by a combined $220 million. They blame higher than expected loss of customers as economic conditions deteriorate and higher than expected...

 
Global markets fall after Bank of Japan decides against expanding stimulus

Global markets fall after Bank of Japan decides against expanding stimulus

Global markets fell overnight after the Bank of Japan held off on expanding its economic stimulus program. The news disappointed markets and prompted concerns about the long-term prospects for monetary stimulus programs in Japan and the United States....

ABC News, 09:56 in Business
 
Target confirms up to 260 jobs to go at head office

Target confirms up to 260 jobs to go at head office

Retailer Target has confirmed up to 260 jobs will be lost at the head office in Geelong following a company restructure.In a statement, the company says the restructuring decision was difficult but necessary in order to get the business on the...

ABC News, 09:56 in Business
 

Rio eyes NSW coal deal with Glencore: sources

Glencore Xstrata is studying a plan to combine some of its Australian coal operations with mines run by Rio Tinto, according to two people familiar with the matter. Glencore and Rio own some of the largest thermal coal mines in the Hunter Valley...

TheAge, 10:14 in Business
 
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