News archive from 28 June 2013

Packaging firm Detmold to shed 43 jobs

Packaging firm Detmold to shed 43 jobs

Packaging company Detmold has confirmed 43 jobs will be cut from its Adelaide operations.There will be a loss of 26 jobs from paper conversion and 17 other roles at its Brompton manufacturing plant. The Manufacturing Workers Union is taking the matter...

ABC News, 09:12 in Business
 
Will super hike hit your hip pocket?

Will super hike hit your hip pocket?

Not all employees will be better off when the superannuation guarantee rises to 9.25 per cent from 9 per cent on Monday. Companies must pay their employees' super guarantee, but there is little stopping them from offsetting the increase in super by...

 
Will super hike hit your hip pocket?

Will super hike hit your hip pocket?

Not all employees will be better off when the superannuation guarantee rises to 9.25 per cent from 9 per cent on Monday. Companies must pay their employees' super guarantee, but there is little stopping them from offsetting the increase in super by...

 
Will super hike hit your hip pocket?

Will super hike hit your hip pocket?

Not all employees will be better off when the superannuation guarantee rises to 9.25 per cent from 9 per cent on Monday. Companies must pay their employees' super guarantee, but there is little stopping them from offsetting the increase in super by...

 

Gold falls below $US1200 to 34-month low on US data

Gold futures tumbled below $US1,200 an ounce, extending a slump to a 34-month low, as US economic data topped estimates by analysts, eroding the metal's appeal as a store of value. In May, consumer spending rebounded and pending home sales jumped to...

 

Pressure mounts for early election

Tony Shepherd, Business Council of Australia: '[Rudd] must act to restore shaky business and consumer confidence by immediately marking out an agenda focused squarely on jobs, investment, competitiveness and growth.' Photo: Lee Besford Business...

 

Gold falls below $US1200 to 34-month low on US data

Gold futures tumbled below $US1,200 an ounce, extending a slump to a 34-month low, as US economic data topped estimates by analysts, eroding the metal's appeal as a store of value. In May, consumer spending rebounded and pending home sales jumped to...

TheAge, 09:25 in Business
 
Pressure mounts for early election

Pressure mounts for early election

Business leaders have urged Labor to call an election ''sooner rather than later'', warning that the party's leadership turmoil had sapped confidence and distracted from urgent economic policy debates. Calling for clarity on the election date and key...

TheAge, 09:25 in Business
 
United States cuts Bangladesh GSP trade privileges over concerns for worker safety and rights

United States cuts Bangladesh GSP trade privileges over concerns for worker safety and rights

The United States has withdrawn key trade privileges from Bangladesh, citing dangerous conditions for workers in the wake of a factory building collapse that killed more than 1,100 people.An order by president Barack Obama removed Bangladesh's...

ABC News, 09:26 in Business
 
Phosphate mine extension secures Christmas island future

Phosphate mine extension secures Christmas island future

The Christmas Island workers union has welcomed a lease extension for the island's phosphate mine.The Federal Government has extended the lease by 15 years, securing its ownership until 20-34. The mine's operator Phosphate Resources Limited employs...

ABC News, 09:26 in Business
 

Gold falls below $US1200 to 34-month low on US data

Gold futures tumbled below $US1,200 an ounce, extending a slump to a 34-month low, as US economic data topped estimates by analysts, eroding the metal's appeal as a store of value. In May, consumer spending rebounded and pending home sales jumped to...

 
Pressure mounts for early election

Pressure mounts for early election

Tony Shepherd, Business Council of Australia: '[Rudd] must act to restore shaky business and consumer confidence by immediately marking out an agenda focused squarely on jobs, investment, competitiveness and growth.' Photo: Lee Besford Business...

 
Santos to cut coal seam gas projects to focus on Pilliga

Santos to cut coal seam gas projects to focus on Pilliga

A major gas company is the latest to trim back its coal seam gas (CSG) exploration in New South Wales, as it moves to accelerate its largest project.Santos has announced it will not develop 50 core wells in the state's north-west and will instead seek...

ABC News, 09:30 in Business
 

Bowen sticks to Swan budget - for now

The new Rudd government will stand by the budget handed down by former treasurer Wayne Swan in May, his successor Chris Bowen says. ""That remains the government's budget; those forecasts remain the government's forecasts,'' he told the Nine...

 

Bowen sticks to Swan budget - for now

The new Rudd government will stand by the budget handed down by former treasurer Wayne Swan in May, his successor Chris Bowen says. ""That remains the government's budget; those forecasts remain the government's forecasts,'' he told the Nine...

 
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