News archive from 15 March 2013

US jobless claims fall for third week

NEW claims for US unemployment benefits fell last week for the third week in a row, signalling continuing improvement in the troubled jobs market, Labor Department figures show. Jobless claims, an indicator of the pace of layoffs across the country,...

 

US stocks rise on declining jobless claims

US stocks have moved higher after jobless claims declined for the third straight week. Five minutes into trade on Thursday, the Dow Jones Industrial Average increased 39.70 points, or 0.27 per cent, to 14,494.98. The broad-based S&P 500 rose 4.57...

 
Depth of workplace bullying revealed

Depth of workplace bullying revealed

STOLEN thunder, being blamed for other people's stuff-ups, verbal abuse and unjustified criticism have emerged as the biggest complaints of Australian workers. One in three workers has been bullied at work, new figures from UMR Research reveals, with...

 
Depth of workplace bullying revealed

Depth of workplace bullying revealed

STOLEN thunder, being blamed for other people's stuff-ups, verbal abuse and unjustified criticism have emerged as the biggest complaints of Australian workers. One in three workers has been bullied at work, new figures from UMR Research reveals, with...

 

US producer prices pick up in February

US producer prices picked up steam in February, boosted by a surge in petrol prices, but overall wholesale inflation remained modest, according to government data. The Labor Department's producer price index for finished goods rose 0.7 per cent in...

 

IMF chief to join eurozone talks on Cyprus

INTERNATIONAL Monetary Fund chief Christine Lagarde will attend a eurozone finance ministers' meeting on Friday to discuss a potential bailout for Cyprus, an IMF spokesman says. Spokesman Bill Murray declined to say whether the IMF will participate in...

 

Crown chief hails march into China

The visionary picture belongs to Crown chairman James Packer, who addressed the Asia Society in Sydney on Thursday on the topic of Australia making a great leap Beijing-ward. ''You cannot possibly afford to be in a position of power and not have...

 

Job data sparks about-turn in rate debate

The figures - 71,500 jobs growth in February - were 61,500 more jobs than the market had expected. It sent the sharemarket lower as the possibility of two more interest rate cuts evaporated. The job figures came as a big shock given the constant...

 

Big plans were held for Blackwood

But when taking the stand, Nathan Tinkler made clear there was a much bigger plan, backed by Noble Group, including the $400 million acquisition of the underperforming Australian coal assets of Brazilian mining giant Vale. In the wake of the April...

 

Captain Brookes keeps ship afloat

Brookes announced on May 23 that Myer's sales had fallen by 2.1 per cent in the third quarter of the group's July financial year, and warned that full-year earnings would be as much as 15 per cent down, downgrading guidance issued six months earlier...

 

Tinkler says backers let him down

Mr Tinkler's appearance in the witness box marks the culmination of a period of intense speculation about his deteriorating financial position, fanned by a series of wind-up and other legal proceedings, which the former billionaire has so far managed...

 

Myer result reflects growing optimism

Myer chief executive Bernie Brookes said the retail environment, although fragile, was showing signs of improvement. The country's biggest department store is on track to ring up four consecutive quarters of comparable store sales growth for the first...

 

Virgin queries Qantas on Tasman

Australia's second-largest airline has told the regulator that the ''claimed public benefits'' of the Qantas-Emirates alliance did not extend to routes between Australia and New Zealand. ''While there may be public benefits that arise in relation to...

 

Captain Brookes keeps ship afloat

Brookes announced on May 23 that Myer's sales had fallen by 2.1 per cent in the third quarter of the group's July financial year, and warned that full-year earnings would be as much as 15 per cent down, downgrading guidance issued six months earlier...

 
Job data sparks about-turn in the rate debate

Job data sparks about-turn in the rate debate

News that official job figures recorded their strongest growth in 12 years has turned the debate on interest rates from the next cut to the possibility of an interest rate rise. The figures - 71,500 jobs growth in February - were 61,500 more jobs than...

 
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