News archive from 27 July 2013

Energy company to drop law suit against government

Energy company to drop law suit against government

Queensland company Cougar Energy has dropped a multi-million dollar law suit against the State Government over the forced closure of an underground coal gasification (UCG) project.In 2011 Cougar Energy was ordered to shut down its trial underground...

ABC News, 09:11 in Business
 

European stocks mostly lower

In London, the FTSE 100 index of leading shares lost 0.50 per cent to end at 6,554.79 points.Frankfurt’s DAX 30 sank 0.65 per cent to finish at 8,244.91 points, while the CAC 40 in Paris gained 0.32 per cent to 3,968.84 points. In London, British...

 

Australia urged UK to remain in the EU

Conservative leader and British Prime Minister David Cameron has placated party rebels by promising to hold a referendum on EU membership by the end of 2017. He has not said which side he will support. Documents released by a British review into the...

 

Oil slips as China cuts capacity

The government action added to market concerns about weakening demand in China, the world’s second-largest economy. New York’s main contract, West Texas Intermediate (WTI) for September, finished the trading session on Friday at $US104.70 a barrel,...

 

Ex-Tiffany exec pleads guilty to jewellery theft

Ingrid Lederhaas-Okun, 46, a former vice president of product development, pleaded guilty to a count of interstate transportation of stolen property less than a month after she was arrested in connection with the theft. Among the items were bracelets,...

 

Back to basics for Zynga as expansion fails

The surprise announcement came Thursday as the company behind once-popular games such as "FarmVille" and "Words with Friends" reported that it lost 40 per cent of its monthly active users in the second quarter, as it bleeds mobile...

 

Rates rest on approvals

However, the underlying drivers of investment performance, especially those that drive the income side, are yet to bounce. The retail spending rate is rising but at an excruciatingly slow rate: it's only just reached more than 3 per cent a year. When...

 

Retail assets still the one

In Australia, the expected float of Pacific Retail REIT is valued at about $450 million. In the US, the float of Brixmor Property Group is tipped to generate more than $US700 million ($758 million). In the next six weeks, all major department-store...

 

European stocks mostly lower

In London, the FTSE 100 index of leading shares lost 0.50 per cent to end at 6,554.79 points.Frankfurt’s DAX 30 sank 0.65 per cent to finish at 8,244.91 points, while the CAC 40 in Paris gained 0.32 per cent to 3,968.84 points. In London, British...

 

Australia urged UK to remain in the EU

Conservative leader and British Prime Minister David Cameron has placated party rebels by promising to hold a referendum on EU membership by the end of 2017. He has not said which side he will support. Documents released by a British review into the...

 

Oil slips as China cuts capacity

The government action added to market concerns about weakening demand in China, the world’s second-largest economy. New York’s main contract, West Texas Intermediate (WTI) for September, finished the trading session on Friday at $US104.70 a barrel,...

 

Ex-Tiffany exec pleads guilty to jewellery theft

Ingrid Lederhaas-Okun, 46, a former vice president of product development, pleaded guilty to a count of interstate transportation of stolen property less than a month after she was arrested in connection with the theft. Among the items were bracelets,...

 

Back to basics for Zynga as expansion fails

The surprise announcement came Thursday as the company behind once-popular games such as "FarmVille" and "Words with Friends" reported that it lost 40 per cent of its monthly active users in the second quarter, as it bleeds mobile...

 

Rates rest on approvals

However, the underlying drivers of investment performance, especially those that drive the income side, are yet to bounce. The retail spending rate is rising but at an excruciatingly slow rate: it's only just reached more than 3 per cent a year. When...

 

Retail assets still the one

In Australia, the expected float of Pacific Retail REIT is valued at about $450 million. In the US, the float of Brixmor Property Group is tipped to generate more than $US700 million ($758 million). In the next six weeks, all major department-store...

 
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