News archive from 25 November 2013

Newman airport shut down while workers try to fix runway

Newman airport shut down while workers try to fix runway

Newman Airport in the Pilbara has been shut down while workers try to fix the runway. It is understood hot weather has caused problems with re-sealing work and it has been determined that aircraft cannot take off or land safely. The airport has been...

ABC News, 11:25 in Business
 

Markets Live: Wall St record run buoys

11:17am: The global deal to lift sanctions against Iran could unleash a flood of oil onto world markets by next year just as crude output picks up in Libya, Iraq, and North America, triggering a slide in prices and a major shake-up of the energy...

 
Iran sanctions deal to unleash oil supply

Iran sanctions deal to unleash oil supply

The prospect of cheaper oil is a welcome relief for the West, but poses a major threat to Russia and string of countries that depend on oil revenues to finance their budgets. The weekend deal in Geneva between Iran and key world powers opens the way...

 

Oil slumps on Iran deal

"While Israel and the Saudi's won't be happy, the oil bears will," Phil Flynn, senior market analyst at the Price Futures Group in Chicago, said by e-mail today. Brent for January settlement decreased as much as $US2.55 to $US108.50 a barrel...

 
Iran sanctions deal to unleash oil supply

Iran sanctions deal to unleash oil supply

The prospect of cheaper oil is a welcome relief for the West, but poses a major threat to Russia and string of countries that depend on oil revenues to finance their budgets. The weekend deal in Geneva between Iran and key world powers opens the way...

 
Markets Live: Wall St record run buoys

Markets Live: Wall St record run buoys

11:23am: Canadian dairy dynamo Saputo has thrown Warrnambool Cheese and Butter shareholders another $10 million in its bid to control the company. Saputo this morning increased its offer for Australia's oldest-listed dairy processor to $9.20, or about...

 

Oil slumps on Iran deal

"While Israel and the Saudi's won't be happy, the oil bears will," Phil Flynn, senior market analyst at the Price Futures Group in Chicago, said by e-mail today. Brent for January settlement decreased as much as $US2.55 to $US108.50 a barrel...

 

Markets Live: Wall St record run buoys

11:23am: Canadian dairy dynamo Saputo has thrown Warrnambool Cheese and Butter shareholders another $10 million in its bid to control the company. Saputo this morning increased its offer for Australia's oldest-listed dairy processor to $9.20, or about...

TheAge, 11:29 in Business
 
Iran sanctions deal to unleash oil supply

Iran sanctions deal to unleash oil supply

The prospect of cheaper oil is a welcome relief for the West, but poses a major threat to Russia and string of countries that depend on oil revenues to finance their budgets. The weekend deal in Geneva between Iran and key world powers opens the way...

 

Oil slumps on Iran deal

"While Israel and the Saudi's won't be happy, the oil bears will," Phil Flynn, senior market analyst at the Price Futures Group in Chicago, said by e-mail today. Brent for January settlement decreased as much as $US2.55 to $US108.50 a barrel...

 

CPA ditches Dexus deal

Commonwealth Managed Investments Limited (CMIL), a wholly owned subsidiary of Commonwealth Bank of Australia that manages CPA on behalf of unit holders, said it had scrapped the $2.8 billion deal after considering the GPA offer. CMIL said Dexus and...

 

'Challenging' market to hold ALS earnings flat

Revenue fell 8.5 per cent to $745 million. Markets for geochemical and coal services were ‘‘challenging’’ the company said, against the backdrop of weak commodity prices and cost cutting by clients. In the December quarter, the net profit is expected...

 

Saputo sweetens Warrnambool bid

But the extra cash will only be paid if the company gains more than 50 per cent of WCB shares. Saputo, which has maintained an unconditional offer of $9, is facing a tough task to secure a majority stake in WCB, with rival bidders Bega and Murray...

 

CPA ditches Dexus deal

Commonwealth Managed Investments Limited (CMIL), a wholly owned subsidiary of Commonwealth Bank of Australia that manages CPA on behalf of unit holders, said it had scrapped the $2.8 billion deal after considering the GPA offer. CMIL said Dexus and...

 

'Challenging' market to hold ALS earnings flat

Revenue fell 8.5 per cent to $745 million. Markets for geochemical and coal services were ‘‘challenging’’ the company said, against the backdrop of weak commodity prices and cost cutting by clients. In the December quarter, the net profit is expected...

 
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