News archive from 13 March 2013

Market wrap

Market wrap

Launches HIGHPOINT GPT will launch its $300 million refurbishment of Highpoint on Thursday, with the property group saying the transformation will turn the ageing shopping centre into a new retail destination. The 30,000 square metre expansion has...

 
Market wrap

Market wrap

Launches HIGHPOINT GPT will launch its $300 million refurbishment of Highpoint on Thursday, with the property group saying the transformation will turn the ageing shopping centre into a new retail destination. The 30,000 square metre expansion has...

 
Market wrap

Market wrap

Launches HIGHPOINT GPT will launch its $300 million refurbishment of Highpoint on Thursday, with the property group saying the transformation will turn the ageing shopping centre into a new retail destination. The 30,000 square metre expansion has...

 

US stocks open with dip after bull run

US stocks have opened lower as investors take a pause after a series of gains took the Dow to a record close for five days in a row. Five minutes into trade, the Dow Jones Industrial Average was down 6.60 points (0.05 per cent) at 14,440.69. The...

 

Chevron reaffirms 2017 target on oil, gas

CHEVRON Corp has reaffirmed it will meet its target for a large increase in oil and natural gas output in 2017. The US oil giant, outlining its medium-term investment strategy to analysts, said it would hit 3.3 million barrels a day of oil-equivalent...

 

Crisis not over, Bundesbank warns

THE eurozone debt crisis is not yet over, even if calm appears to have returned to the financial markets, the Bundesbank warned on Tuesday as it set aside billions of euros in new risk provisions. "Even if reform policies are kept to, the...

 

Rand hit as S.Africa fiscal woes deepen

SOUTH Africa's currency and equities markets have slumped after revised figures showed the country's current account in late 2012 was worse than first thought. The South African Reserve Bank revised the third quarter deficit up to 6.8 per cent of...

 

GE offloads $1.5b portfolio

The assets, which include 60 Carrington Street, 37-51 Pitt Street, 210-220 George Street and 99 Walker Street, among others in Sydney, and 90 Collins Street and 636 St Kilda Road, Melbourne, have been in the market since mid last year and were being...

 

Littlemore speed and no shoving

A chance to unwind, leaving behind the annoyances of the NSW Independent Commission Against Corruption, where he has been representing allegedly corrupt ALP powerbroker Eddie Obeid in occasionally torrid proceedings. Also left behind, pesky...

 

Industry group turns to Morphet

Her appointment to the position on Tuesday drew immediate fire from unions but Ms Morphet defended her decision four years ago to sack 1850 workers and move clothing manufacturing to China. She was chief executive of Pacific Brands - maker of...

 

Conroy faces a couple of doozies

On the media front he wasn't all that successful. He picked up on the Convergence Review's recommendation last year that media takeovers be subject to a public interest test that will focus on media diversity, and that's contentious. Opposition...

 

Tinkler faces examination by liquidator

On Tuesday Justice Paul Brereton dismissed with costs Mr Tinkler's claim that the examination proceedings had turned into an ''abuse of process''. Last Thursday, when a solicitor for Mulsanne liquidator Ferrier Hodgson, Clayton Utz partner Jennifer...

 

Reforms to spur TV deals

Fairfax Media revealed earlier this month that Nine Entertainment and Southern Cross were in negotiations that could result in the two companies dumping their broadcast partners and merging to create a media powerhouse. But it will only be possible if...

 

Rinehart war comes full circle

It is the latest twist in a family saga that erupted in the courts in September 2011 when three of Rinehart's four children - Hope, John and Bianca - sought to remove her as trustee alleging "deceptive, manipulative and disgraceful...

 
Rinehart has small court win

Rinehart has small court win

The country's richest person, Gina Rinehart, scored a personal victory in the NSW Supreme Court on Tuesday when her estranged daughter, Hope, officially withdrew from legal action and flipped from plaintiff to defendant in the family legal battle. It...

 
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