News archive from 21 November 2013

Is coal the new tobacco for investors?

“Maybe we’ve hit some kind of nerve in the debate,” Christine Torklep Meisingset, Storebrand’s head of sustainable investments in Oslo, said by telephone. “Hopefully, other investors will be acting along the same lines. There could be an interesting...

 
Is coal the new tobacco for investors?

Is coal the new tobacco for investors?

Storebrand ASA, which manages $US74 billion of assets from Norway, sold out of 24 coal and oil-sands companies since July including Peabody Energy, the largest US coal producer, citing a desire to cut fossil-fuel industry holdings. This month Norway’s...

 
Is coal the new tobacco for investors?

Is coal the new tobacco for investors?

Storebrand ASA, which manages $US74 billion of assets from Norway, sold out of 24 coal and oil-sands companies since July including Peabody Energy, the largest US coal producer, citing a desire to cut fossil-fuel industry holdings. This month Norway’s...

 

Markets Live: ASX extends losses

11:47am: Economists forecast a gradual and slow improvement for the Australian economy and for the Reserve Bank to keep the cash rate on hold at 2.5 per cent for some time, a survey has found. The annual survey of the Australian Business Economists'...

TheAge, 11:57 in Business
 

Markets Live: ASX extends losses

11:47am: Economists forecast a gradual and slow improvement for the Australian economy and for the Reserve Bank to keep the cash rate on hold at 2.5 per cent for some time, a survey has found. The annual survey of the Australian Business Economists'...

 
Markets Live: ASX extends losses

Markets Live: ASX extends losses

11:55am: Former Commonwealth Bank of Australia chief David Murray was last night named as the head of the Abbott Government's "root and branch" review of Australia's financial system. Mr Murray, also the former chairman of the Future Fund,...

 

Irish bookmakers take a Melbourne Cup bath

Its bookmaker rivals are not expected to have fared any better. ''It is entirely down to the random walk of results,'' Paddy Power chief executive Patrick Kennedy told analysts this week as the company's share price tanked. ''The difference between...

 

Victoria puts brakes on unconventional gas decision

Unconventional gas is being tapped in Queensland to supply a number of gas export projects which are in the process of being developed, with oil companies now expanding their hunt to both the Cooper Basin in central Australia, along with areas in the...

 

Irish bookmakers take a Melbourne Cup bath

Its bookmaker rivals are not expected to have fared any better. ''It is entirely down to the random walk of results,'' Paddy Power chief executive Patrick Kennedy told analysts this week as the company's share price tanked. ''The difference between...

 

Victoria puts brakes on unconventional gas decision

Unconventional gas is being tapped in Queensland to supply a number of gas export projects which are in the process of being developed, with oil companies now expanding their hunt to both the Cooper Basin in central Australia, along with areas in the...

 
Irish bookmakers take a Melbourne Cup bath

Irish bookmakers take a Melbourne Cup bath

Paddy Power, the Irish betting giant behind one of Australia's largest corporate bookmakers, Sportsbet, admitted that it lost around $5.7 million on the Spring Racing Carnival due to the run of favourites winning the big races. Its bookmaker rivals...

 

Victoria puts brakes on unconventional gas decision

Unconventional gas is being tapped in Queensland to supply a number of gas export projects which are in the process of being developed, with oil companies now expanding their hunt to both the Cooper Basin in central Australia, along with areas in the...

 
Fracking ban extended in Victoria until 2015

Fracking ban extended in Victoria until 2015

A Victorian taskforce has recommended the lifting of the ban on the coal seam gas extraction method known as fracking.The Gas Market Taskforce, headed by former Howard Government Minister, Peter Reith, has delivered a report saying there is a lot of...

ABC News, 12:32 in Business
 
Trims back in the clothing retail business

Trims back in the clothing retail business

Retailer Trims has opened in new Adelaide premises five months after the business failed with big debts.The new store is two blocks from the former site in King William Street in the city. It has a focus on 20 brands and plans to offer an online...

ABC News, 12:46 in Business
 

Why Australia shouldn't mess with Indonesia

IT'S official. Australia's relationship with our closest and largest neighbour is in crisis, with Indonesia furious over reports Australia tapped the phones of the President, his wife and other government ministers in 2009. Here's what's happened so...

 
Australia news at twitter


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