News archive from 23 December 2013

Health Minister Peter Dutton approves 6.2 per cent increase to health insurance premiums next year

Health Minister Peter Dutton approves 6.2 per cent increase to health insurance premiums next year

The Federal Government has approved an average increase of 6.2 per cent for health insurance premiums next year.In a statement, the Health Minister Peter Dutton says all 34 Australian health insurers applied for fee increases. "We moved to make...

ABC News, 11:34 in Business
 
Business leaders meet over Holden closure challenge

Business leaders meet over Holden closure challenge

Business leaders have met in Adelaide to discuss strategies to take South Australia forward in light of Holden's planned withdrawal from manufacturing in 2017.Premier Jay Weatherill said he met a cross-section of business leaders, from areas including...

ABC News, 12:03 in Business
 
Govt cautious on uranium spill despite own advice

Govt cautious on uranium spill despite own advice

The Federal Environment Minister Greg Hunt says he's cautious about making conclusions on the impact of a recent uranium and acid spill at the Ranger Mine until investigations are concluded.That's even though the Commonwealth's Office of the...

ABC News, 12:07 in Business
 
Deep fried oil used as carbon fertiliser

Deep fried oil used as carbon fertiliser

A Northern Territory horticulturalist has developed a carbon fertiliser for fruit trees and vegetables, made primarily from left-over fish and chip oil.The idea for the fertiliser, which has taken over ten years to develop, was inspired by a...

ABC News, 13:22 in Business
 
Seafood markets go into overdrive for Christmas

Seafood markets go into overdrive for Christmas

It might be a sign of poor preparation to leave Christmas-present shopping to the last minute, but last-gasp buying is the order of the day when it comes to securing seafood lunch.And while the punters may be heading to the fish markets with just...

ABC News, 14:16 in Business
 
APRA imposes new capita reservel rules on big four banks to limit economic impact of financial crises

APRA imposes new capita reservel rules on big four banks to limit economic impact of financial crises

Australia's banking regulator is introducing higher financial stability hurdles for the four major lenders, as part of a global effort to ensure big banks can withstand economic shocks.The Australian Prudential Regulation Authority has announced that...

ABC News, 15:01 in Business
 
Farmers confidence rises as bumper harvest recorded and prices increase

Farmers confidence rises as bumper harvest recorded and prices increase

A significant turnaround in the grain growing season has led to a 'dramatic' increase in farmer confidence in WA, according to Rabobank. Its latest survey shows farmer confidence has jumped from negative territory to 13 per cent in the last quarter....

ABC News, 15:17 in Business
 
Melbourne Star Observation Wheel reopens at Docklands five years after closure

Melbourne Star Observation Wheel reopens at Docklands five years after closure

Nearly five years after it was shut, the Melbourne Star Observation Wheel has begun turning again at Docklands. Victoria's Deputy Premier Peter Ryan was the first passenger to take to the skies for the 30-minute ride. Despite the miserable weather Mr...

ABC News, 15:17 in Business
 
Greens describe NSW police compensation scheme as policy failure

Greens describe NSW police compensation scheme as policy failure

The New South Wales Government has dismissed claims that the new compensation scheme for injured police officers is not providing value for money.The government-run death and disability scheme was overhauled last year to rein in costs. Figures...

ABC News, 15:26 in Business
 
Local market posts gains ahead of Christmas wind down

Local market posts gains ahead of Christmas wind down

The local share market has posted solid gains today despite lighter volumes as traders wind down towards the Christmas break.Reflecting the positive finish on US and European markets last Friday, the All Ordinaries Index climbed 30 points to 5,292 and...

ABC News, 17:20 in Business
 
Tourism Minister says five star hotel will prompt competition

Tourism Minister says five star hotel will prompt competition

The Tourism Minister Liza Harvey says a new five-star hotel in Perth will lead to an improvement in similar accommodation across the city.The 350 room hotel will be built at the former FESA House site on Murray Street and incorporate the...

ABC News, 17:35 in Business
 
Victoria Opposition says Government not dealing with manufacturing job losses

Victoria Opposition says Government not dealing with manufacturing job losses

The Victorian Opposition has accused the State Government of not doing enough to help those affected by the state's shrinking manufacturing industry.Almost 13,000 manufacturing jobs were lost in the three months to December following the impending...

ABC News, 17:43 in Business
 
Barack Obama signs up for health insurance in symbolic gesture to promote Obamacare

Barack Obama signs up for health insurance in symbolic gesture to promote Obamacare

US president Barack Obama has symbolically signed up for health insurance to promote his own controversial health care reform legislation.A White House official said Mr Obama, who is on holiday with his family in Hawaii, signed up over the weekend for...

ABC News, 07:58 in Business
 
Nyrstar given five years to upgrade Port Pirie smelter

Nyrstar given five years to upgrade Port Pirie smelter

Port Pirie's mayor has welcomed South Australian Government backing for redevelopment of the regional city's lead and zinc smelter.The Government has given the $385 million proposal major project status, imposing 12 conditions on Nyrstar to help...

ABC News, 08:32 in Business
 
Two found dead in rivers as storms hit Britain

Two found dead in rivers as storms hit Britain

Two people have died in separate river incidents as high winds and heavy rain lashed Britain.The bodies of a man and a woman were pulled from swollen rivers in Cumbria and Wales respectively, after heavy downpours hit the areas. The Met Office,...

ABC News, 08:57 in Business
 
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