News archive from 19 November 2013

Business lobby concerned timeline for gas pipeline extension from Bunbury to Albany will blow out

Business lobby concerned timeline for gas pipeline extension from Bunbury to Albany will blow out

The South Coast's business lobby has expressed concerns the timeline of the Albany to Bunbury gas pipeline extension will again blow out, with few signs of progress.The extension of the Dampier to Bunbury pipeline to Albany was supposed to be...

ABC News, 11:08 in Business
 

Bitcoin trumps Twitter in bubble stakes

On Monday the US Department of Justice said Bitcoins can be “legal means of exchange” at a US Senate committee hearing, boosting prospects for wider acceptance of the virtual currency. “We all recognise that virtual currencies, in and of themselves,...

 
Bitcoin trumps Twitter in bubble stakes

Bitcoin trumps Twitter in bubble stakes

The spike followed a sea change in how the virtual currency - which is no more than a string of computer code which anybody with the know-how can create - is viewed by the world at large. On Monday the US Department of Justice said Bitcoins can be...

 
Bitcoin trumps Twitter in bubble stakes

Bitcoin trumps Twitter in bubble stakes

The spike followed a sea change in how the virtual currency - which is no more than a string of computer code which anybody with the know-how can create - is viewed by the world at large. On Monday the US Department of Justice said Bitcoins can be...

 

Wall St volatility hits Aussie shares

AUSTRALIAN shares are weaker as Wall Street volatility hits all local sectors. The miners are suffering the heaviest falls as gold and oil prices fell, Australian Stock Report senior equity analyst Benny Sada says. "The miners have taken a bigger...

 
Indonesian spying episode likely to cast shadow over preparations for next year's Brisbane G20 summit

Indonesian spying episode likely to cast shadow over preparations for next year's Brisbane G20 summit

The revelation that Australia has been spying on Indonesia is likely to cast a diplomatic shadow over preparations for the next G20 summit.The eavesdropping on the phones of President Susilo Bambang Yudhoyono, his wife and cabinet ministers comes as...

ABC News, 11:52 in Business
 
CFMEU demands broader probe into John Holland work sites after Brisbane tradesman's death

CFMEU demands broader probe into John Holland work sites after Brisbane tradesman's death

The Construction, Forestry, Mining and Energy Union (CFMEU) has called for an investigation into John Holland work sites amid looming legal action over the death of a Brisbane tradesman.Sam Beveridge died in 2011 after being struck by a falling beam...

ABC News, 11:56 in Business
 
10 things billionaires won't tell you

10 things billionaires won't tell you

THEY'RE the elite few that are in control of the world's wealth, but every billionaire has their secrets. Here are the top 10 things billionaires won't tell you. 1. "We just get richer and richer." In 2013, the wealth of the world's...

 
Linc Energy to boost jobs with Blair Athol mine takeover

Linc Energy to boost jobs with Blair Athol mine takeover

A coal company says its decision to reopen the Blair Athol mine in central Queensland mine is a sign of confidence in the industry.Linc Energy is to take over the old Blair Athol mine which was closed last year by Rio Tinto. The company says it has...

ABC News, 12:13 in Business
 
Reserve Bank board meeting minutes show pre-Christmas interest rate cut extremely unlikely

Reserve Bank board meeting minutes show pre-Christmas interest rate cut extremely unlikely

Most Australians have about as much chance of seeing a white Christmas as they do of seeing another rate cut this year.While economic forecasts are always hazardous, and there is always the possibility of hard to foresee financial crises arising, the...

ABC News, 12:34 in Business
 

Markets Live: US bubble worries lurk

12:31pm: Rain will help agribusiness Ruralco return to underlying profit levels achieved in 2011 and 2012. Hobart-based Ruralco today booked an annual net profit of $5.7 million for the 12 months to September 30, down 59 per cent on the prior year's...

TheAge, 12:46 in Business
 
Markets Live: US bubble worries lurk

Markets Live: US bubble worries lurk

12:46pm: Flag carrier Malaysia Airlines says it has recorded its third straight quarterly loss in the three months to September due to high fuel costs and a weak ringgit. The airline reported a net loss of 375 million ringgit ($123.75 million) in the...

 
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