News archive from 21 June 2013

Bernanke's stand-off with markets: who will blink first?

Bernanke's stand-off with markets: who will blink first?

US Federal Reserve Chairman Ben Bernanke is playing a potentially dangerous game of chicken with global financial markets sent reeling by his threat to scale back the central bank's huge stimulus program. The Fed chief stood his ground at a news...

 

Bernanke's stand-off with markets: who will blink first?

Face off ... Ben Bernanke stressed patience as to when to raise interest rates. Photo: AFP US Federal Reserve Chairman Ben Bernanke is playing a potentially dangerous game of chicken with global financial markets sent reeling by his threat to scale...

 
Oil takes steepest dive in 7 months

Oil takes steepest dive in 7 months

OIL prices took their steepest fall in seven months, pushed down by a Federal Reserve signal of the winding down of stimulus and weak Chinese manufacturing data. New York's main contract, West Texas Intermediate light sweet crude for July, closed at...

 

EU to decide who pays when banks fail

The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks. Finance ministers in Luxembourg will try to resolve one of the...

 

EU to decide who pays when banks fail

The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks. Finance ministers in Luxembourg will try to resolve one of the...

 

EU to decide who pays when banks fail

The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks. Finance ministers in Luxembourg will try to resolve one of the...

TheAge, 09:37 in Business
 
CEOs, politicians sleep rough in Brisbane for St Vinnies' homeless fundraising bid

CEOs, politicians sleep rough in Brisbane for St Vinnies' homeless fundraising bid

Around 200 business leaders, a former prime minister, and three Queensland mayors have spent a chilly night sleeping in cardboard boxes to raise awareness and funds for the homeless.Former prime minister Kevin Rudd was a homeless man in Brisbane last...

ABC News, 09:44 in Business
 

BHP sells stake in Pilbara mine for $1.6b

Mining giant BHP Billiton has sold a 15 per cent stake in a West Australian iron ore mine to two Japanese conglomerates for $US1.5 billion ($1.64 billion). Itochu is investing $US800 million while Mitsui is stumping up $US700 million in shares and...

 

BHP sells stake in Pilbara mine for $1.6b

Mining giant BHP Billiton has sold a 15 per cent stake in a West Australian iron ore mine to two Japanese conglomerates for $US1.5 billion ($1.64 billion). Itochu is investing $US800 million while Mitsui is stumping up $US700 million in shares and...

 

BHP sells stake in Pilbara mine for $1.6b

Mining giant BHP Billiton has sold a 15 per cent stake in a West Australian iron ore mine to two Japanese conglomerates for $US1.5 billion ($1.64 billion). Itochu is investing $US800 million while Mitsui is stumping up $US700 million in shares and...

TheAge, 10:03 in Business
 
Company cuts having 'diabolical' impact on Qld's mining services industry

Company cuts having 'diabolical' impact on Qld's mining services industry

Federal MP George Christensen says increases in royalties on mining companies, combined with the global downturn in commodity prices, is crippling the resources industry.Yesterday, mining support company Hastings Deering announced it would cut 200...

ABC News, 10:14 in Business
 

Foreign investments can help as the Aussie falls

But in the past couple of months our dollar is down about 10 per cent against the US dollar, trading at just under 95 cents at the time of writing (compared with more than $US1.05 in early April). This has delivered a windfall gain to investors in...

 
Kimberley Land Council welcomes decision to continue compulsory acquisition of JPP

Kimberley Land Council welcomes decision to continue compulsory acquisition of JPP

The Kimberley Land Council has welcomed the State Government's decision to continue the compulsory acquisition of land at James Price Point.The Government announced yesterday it was securing almost 3,500 hectares of land on the coast north of Broome,...

ABC News, 10:20 in Business
 

Foreign investments can help as the Aussie falls

But in the past couple of months our dollar is down about 10 per cent against the US dollar, trading at just under 95 cents at the time of writing (compared with more than $US1.05 in early April). This has delivered a windfall gain to investors in...

 

Foreign investments can help as the Aussie falls

But in the past couple of months our dollar is down about 10 per cent against the US dollar, trading at just under 95 cents at the time of writing (compared with more than $US1.05 in early April). This has delivered a windfall gain to investors in...

 
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