News archive from 13 June 2013

Unemployment rate tipped to rise

THE unemployment rate is expected to have risen slightly in May as employment growth takes a backwards step. The Australian Bureau of Statistics (ABS) will release its labour force figures this morning. The median forecast from an AAP survey of 13...

 
Bradken foundry workers cut back pay claim

Bradken foundry workers cut back pay claim

The Australian Workers Union has cut back its wage rise bid for Bradken foundry workers in Adelaide.The union said that at a Fair Work Commission hearing Bradken agreed to consider a proposal for a 7.5 per cent pay rise over two-and-a-half years....

ABC News, 09:15 in Business
 
Global markets fall on US stimulus concerns

Global markets fall on US stimulus concerns

It was an extremely volatile trading session in the United States overnight.Concern about how soon the Federal Reserve may start to scale back its stimulus measures continued to dominate the mood on Wall Street. The Dow Jones Industrial Average closed...

ABC News, 09:15 in Business
 

Pick right time to target Wesfarmers

Like much of its listed retail cohort, Wesfarmers has seen price strength earlier in 2013 give way to weakness. And the recent news of job cuts at its Target operation has deepened the negative sentiment. On Wednesday, shares were down 63¢ at $37.23 -...

 

How to build an attention-grabbing shopfront

So the appearance of the visual gateway to a shop – the storefront – still counts. Here are some examples of shopfront decoration techniques that small business owners find effective. 1. Bounce off your surroundings One way to please the eye and boost...

 

Market moves into correction

Some of the most widely held stocks have taken heavy hits in the sell off with high profile names such as Telstra and Woolworths off more than 8 per cent over the last month. Banks including Commonwealth Bank and Westpac are off around 10 per cent....

 

Pick right time to target Wesfarmers

Like much of its listed retail cohort, Wesfarmers has seen price strength earlier in 2013 give way to weakness. And the recent news of job cuts at its Target operation has deepened the negative sentiment. On Wednesday, shares were down 63¢ at $37.23 -...

 

How to build an attention-grabbing shopfront

So the appearance of the visual gateway to a shop – the storefront – still counts. Here are some examples of shopfront decoration techniques that small business owners find effective. 1. Bounce off your surroundings One way to please the eye and boost...

 

Market moves into correction

Some of the most widely held stocks have taken heavy hits in the sell off with high profile names such as Telstra and Woolworths off more than 8 per cent over the last month. Banks including Commonwealth Bank and Westpac are off around 10 per cent....

 

Pick right time to target Wesfarmers

Like much of its listed retail cohort, Wesfarmers has seen price strength earlier in 2013 give way to weakness. And the recent news of job cuts at its Target operation has deepened the negative sentiment. On Wednesday, shares were down 63¢ at $37.23 -...

 

How to build an attention-grabbing shopfront

So the appearance of the visual gateway to a shop – the storefront – still counts. Here are some examples of shopfront decoration techniques that small business owners find effective. 1. Bounce off your surroundings One way to please the eye and boost...

 

Market moves into correction

Some of the most widely held stocks have taken heavy hits in the sell off with high profile names such as Telstra and Woolworths off more than 8 per cent over the last month. Banks including Commonwealth Bank and Westpac are off around 10 per cent....

 
Group fears cruise ship terminal threatens popular Gold Coast surfing spot

Group fears cruise ship terminal threatens popular Gold Coast surfing spot

A popular surfing spot on Queensland's Gold Coast has been added to a list of Australia's most endangered waves.The Surfrider Australia Foundation (SAF) says The Other Side (TOS) at South Stradbroke Island has become the ninth location on its list....

ABC News, 09:37 in Business
 
Jobless rate tipped to rise

Jobless rate tipped to rise

Today's labour force figures are expected to show the unemployment rate crept higher in May, as Australia's economic growth remains sluggish.The unemployment rate is expected to rise from 5.5 to 5.6 per cent in the May figures to be released by the...

ABC News, 09:43 in Business
 

Markets Live: ASX set to tumble

9:56am: With the ASX poised to move into correction territory (10 per cent below its peak), here's a chart showing the ASX200, the financial sub index and the materials sub index since the start of the year. It clearly shows the slide in the resources...

 
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