News archive from 29 October 2013

Forestry giant sorry over harm to koalas

Forestry giant sorry over harm to koalas

AUSTRALIA'S largest exporter of eucalyptus woodchips has apologised after being stripped of its environmental certification for harming koalas. In July, it was reported that thousands of koalas faced injury or death as loggers moved in to harvest blue...

 
ANZ posts $6.5bn profit

ANZ posts $6.5bn profit

ANZ has posted a $6.5 billion full year cash profit, up 11 per cent on the previous year. The cash profit, a measure banks use to reflect underlying performance, rose in the year to September 30 amid stronger earnings from the bank's Australian and...

 
Markets Live: ASX down in early trade

Markets Live: ASX down in early trade

10:58am: Adele Ferguson looks at the problems facing embattled Treasury chief Paul Rayner. A week after managing to get voted back in as chairman of Treasury Wine Estates, Paul Rayner will faced renewed pressure to sell its value-destroying US wine...

 

Markets Live: ASX down in early trade

10:52am: Here's how the sectors have opened: Consumer staples: -0.5% Consumer discretionary: flat Energy: -1.3% Financials: +0.3% Health: -1.1% Gold -1.2% Materials: -1.1% Upvotes:1 Downvotes:0 Copy Link 10:42am: Malcolm Maiden looks at the future for...

TheAge, 11:02 in Business
 
Creditors to move in on Gujarat NRE as executive chairman resigns

Creditors to move in on Gujarat NRE as executive chairman resigns

The mining union says Gujarat NRE management has told them workers who attend shifts at the company's two mines will be paid on a weekly basis, at least for the short term.Hundreds of workers who attended a mass meeting Monday morning were told the...

ABC News, 11:22 in Business
 

Markets Live: ANZ can't buoy ASX

11:31am: More than 3,000 jobs will be created as part of the Melbourne Airport expansion, the federal government and the airport say. The jobs will come during construction of the new domestic airport terminal, capable of handling up to 10 million...

TheAge, 11:32 in Business
 
Markets Live: ANZ can't buoy ASX

Markets Live: ANZ can't buoy ASX

11:31am: More than 3,000 jobs will be created as part of the Melbourne Airport expansion, the federal government and the airport say. The jobs will come during construction of the new domestic airport terminal, capable of handling up to 10 million...

 

Markets Live: ANZ can't buoy ASX

11:31am: More than 3,000 jobs will be created as part of the Melbourne Airport expansion, the federal government and the airport say. The jobs will come during construction of the new domestic airport terminal, capable of handling up to 10 million...

 
Australian dollar drops as RBA Governor Glenn Stevens predicts currency will continue to lose value

Australian dollar drops as RBA Governor Glenn Stevens predicts currency will continue to lose value

The Australian dollar has been knocked lower by a speech from the Reserve Bank Governor Glenn Stevens.Many currency traders had an advanced copy of the speech Mr Stevens delivered in Sydney this morning, and as soon as the embargo was lifted the...

ABC News, 12:41 in Business
 
UK Prime Minister David Cameron unveils plans for Islamic Market Index

UK Prime Minister David Cameron unveils plans for Islamic Market Index

PRIME Minister David Cameron is launching a new Islamic Market Index on the London Stock Exchange on Tuesday, part of a wider British effort to tap into the burgeoning market in Islamic finance. According to prepared remarks released to journalists...

 
RBA governor Glenn Stevens says Australian dollar will be 'materially lower'

RBA governor Glenn Stevens says Australian dollar will be 'materially lower'

RESERVE Bank of Australia governor Glenn Stevens says the Australian dollar is still high and has warned investors that it will eventually fall. "These levels of the exchange rate are not supported by Australia's relative levels of costs and...

 
Thousands of new jobs for airport

Thousands of new jobs for airport

MORE than 3000 jobs will be created as part of the Melbourne Airport expansion, the Federal Government and the airport say. The jobs will come during construction of the new domestic airport terminal, capable of handling up to 10 million passengers a...

 

Meridian Energy shines on NZX debut

Meridian traded at NZ$1.08 a part-paid share, up from the issue price of NZ$1.00 on modest volume in an overall flat market. The shares have been sold by the New Zealand government at NZ$1.50 each, but investors are paying in two instalments -- an...

 

China upturn helps make BHP a buy

BHP's iron ore operations posted another record, with production hitting 49 million tonnes, compared with 40 million tonnes a year ago. This was primarily driven by tackling bottlenecks in operations and development of new capacity. The petroleum...

 
Meridian Energy shines on NZX debut

Meridian Energy shines on NZX debut

Pricing for the 49 per cent stake, which raised about $US1.6 billion ($1.7 billion), reflects an abundance of caution after a lacklustre post-listing performance for Mighty River Power - the first of Prime Minister John Key's asset sales aimed at...

 
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