News archive from 22 June 2013

Wild ride continues for shares, currency

The Australian dollar was on track to record its worst weekly loss against the US currency in almost two years, while the share market continued its slide into negative territory on Friday before fighting back and closing just below its open. The...

 

Wild ride continues for shares, currency

The Australian dollar was on track to record its worst weekly loss against the US currency in almost two years, while the share market continued its slide into negative territory on Friday before fighting back and closing just below its open. The...

 

Wild ride continues for shares, currency

The Australian dollar was on track to record its worst weekly loss against the US currency in almost two years, while the share market continued its slide into negative territory on Friday before fighting back and closing just below its open. The...

 

US dollar extends rally in jittery market

The US dollar has extended its strong gains in a jittery market awash with concerns about the US Federal Reserve stimulus winding down and a Chinese credit crunch. The euro was buying $US1.3122 around 2100 GMT (0700 AEST) down from $US1.3225 late on...

SBS, 10:28 in Business
 
Victorian Government threatens court action if Sportsbet ad is not removed

Victorian Government threatens court action if Sportsbet ad is not removed

The Victorian Government says it will take court action if a huge advertisement near Melbourne Airport, which shows two animals in a compromising position, is not removed.The Sportsbet ad features a wallaby and a lion, with the slogan, "Rooting...

ABC News, 10:34 in Business
 
Report details corruption among Customs officers at Sydney international airport

Report details corruption among Customs officers at Sydney international airport

A report detailing corruption in the Customs and Border Protection service has revealed a group of officers used inside knowledge to bypass airport surveillance systems.The interim report from the Australian Commission for Law Enforcement Integrity...

ABC News, 11:38 in Business
 
US stocks end higher after volatile day

US stocks end higher after volatile day

US stocks finished a turbulent day mostly higher as the market bounced back from two straight days of big declines after the Federal Reserve set a likely timetable for reeling in its stimulus program.The Dow Jones Industrial Average rose 0.28 per cent...

ABC News, 11:51 in Business
 
Human Rights Commission to investigate discrimination against working mothers

Human Rights Commission to investigate discrimination against working mothers

Prime Minister Julia Gillard has put the vexed issue of gender equality back on the agenda by asking the Human Rights Commission to look into workplace discrimination against women who have children.Attorney-General Mark Dreyfus wants to reduce...

ABC News, 11:51 in Business
 
Victoria's Yallourn power station could be shut for days after fire

Victoria's Yallourn power station could be shut for days after fire

The Yallourn power station in eastern Victoria could remain closed for several days after a fire forced the plant offline.The station supplies a quarter of Victoria's energy and yesterday's blaze shut down its operating units. The fire comes amid...

ABC News, 12:01 in Business
 
Union says Holden on track to meet redundancy targets in South Australia

Union says Holden on track to meet redundancy targets in South Australia

The Australian Manufacturing Workers Union says a warning from Holden executives about the company's future has triggered a surge in employees wanting a voluntary separation package.Holden announced in April that it wanted to cut 400 staff at its...

ABC News, 12:24 in Business
 

EU to decide who pays when banks fail

European Union finance ministers are struggling to broker an agreement on how best to downsize or close banks without spreading panic or having to call on taxpayers to bail out ailing lenders. A marathon negotiating session of the EU's 27 finance...

SBS, 12:39 in Business
 

EU finance ministers fail on bank deal

A top official says European Union finance ministers have failed to secure an agreement on how best to downsize or close banks without calling on taxpayers to bail out ailing lenders. French Finance Minister Pierre Moscovici said despite negotiations...

SBS, 13:00 in Business
 
Facebook admits bug shared contact details of 6 million users

Facebook admits bug shared contact details of 6 million users

Facebook says it is "upset and embarrassed" that a software bug resulted in the phone numbers and email addresses of some 6 million users being improperly shared.But the social network says no financial or other information was revealed to...

ABC News, 15:13 in Business
 
Victoria police investigate suspicious Yallourn power station blaze

Victoria police investigate suspicious Yallourn power station blaze

Victoria police is investigating what it says is a suspicious fire that has shut down one of Victoria's biggest power suppliers.Work is underway to get the Yallourn power station in eastern Victoria back online after the blaze yesterday. Yallourn...

ABC News, 19:54 in Business
 

Retirement boost after Labor launches super attack on Abbott

ELECTRICIANS, bricklayers and truck drivers will be $100,000 or more better off in retirement thanks to a boost to the compulsory superannuation guarantee set to kick off from July 1. Labor is preparing to make superannuation a key part of its...

 
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