BUSINESS

Threat of Week-long Strike Looms Over BHP Queensland Mine

Workers in BHP Billiton's (ASX: BHP) Queensland coal mines will hold a week-long strike likely to begin Friday to protest the latest enterprise agreement offer by the mining giant. The workers, members of the Construction, Forestry, Mining and Energy Union (CFMEU), are against some of the pay and work condition provisions of BHP's offer.

Australian Stock Market Report - Midday 2/7/2012

After a flat start, the Australian share market is posting modest gains at lunch, thanks to positive moves from telecommunication, industrial and energy stocks. The All Ordinaries Index (XAO) is up 11.3pts or 0.3pct to 4375.9.

Uranium Mismatch Continues To Frustrate

By Greg PeelIt started late last year and it has continued into January. The bulk of "real" global spot uranium demand (utilities as opposed to traders) is currently centred in Europe where U3O8 is being sought.
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Australia Stock Market- Morning Report 02/07/2012

German factory orders rebounded by 1.7pct in December following a 4.9pct fall in November. Factory orders were flat over the year to December. Meanwhile the US employment trends index rose from 105.0 to 105.8 in January.

Global Markets Overview - 02/07/2012

U.S. stocks drifted lower as the recent rally paused, with investors shifting focus to wrangling in Greece over fiscal austerity. The Dow Jones Industrial Average eased 38 points, or 0.3%, to 12824 as the last hour of trading approached. The Standard & Poor's 500-stock index lost 2.7 points, or 0.2%, to 1342, and the Nasdaq Composite declined 7.8 points, or 0.3%, to 2898.

China Slows Down on Retail Therapy Shopping

With China's economy expected to weaken to 8.5 per cent this year, global luxury goods and branded items will most likely take also a beating as Chinese shoppers most definitely will trim on big-ticket item purchases in a bid to maintain and preserve wealth inside their hands and pockets.

Another 400 Jobs Lost as Westpac Moves Tasks to India

Job security in bank posts continue to be placed on the line as Westpac announced the axing of up to 400 positions. Most of those who would be laid off are engaged in back office and IT roles, of which 150 would be outsourced to India.

Inflation within RBA’s Mark of Fresh Rate Cuts

Latest inflation levels appear to be within the mark set by central bank authorities for the current year, according to the January edition of the TD Securities-Melbourne Institute measure of consumer prices.

Alan Joyce Opposes Law Changes for Qantas

Qantas Chief Executive Alan Joyce has opposed proposed changes in the Qantas Sale Act and cabin crew laws. He warned that planned changes being discussed in the Australian parliament could lead to job losses and reduced aviation access.

Research Shows Potential of Advanced Mining Automation

World-first technology in the mining industry is contributing to better health and safety for miners, production efficiencies and improved energy consumption and environmental benefits, according to a new research.

Australian Stock Market Leads - 6 February 2012

The optimism generated by the better-than-expected US jobs is seen to redound to the stock market.Analysts are bullish that Monday's trading will record some gains benefitting from the major averages posted by the Dow Jones Industrial Average, up 1.2% to close at 12862; the S&P climbed 1.5% at 1345; and the NASDAQ advanced 1.6% to end at 2906.

Product of the Year 2012 Announced for Top Australian Supermarket Products

One of Australia's leading consumer product surveys, Product of the Year, today released its third annual survey results for innovative new products in the Australian supermarket retail industry. Product of the Year was established 25 years ago in France and currently operates in 28 countries worldwide.

Frontline Intelligence: Instep - Business Acumen Here to Stay

What do business leaders expect from their Human Resources function? We constantly hear the phrase, "strong business acumen required" for senior HR appointments but this is also increasingly the case for roles within the early HR career market. What does this mean for early HR career professionals is the main subject of this month's Instep.

Global Markets Overview - 02/06/2012

Stocks rose Friday after the U.S. economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow to its highest close in nearly four years. The earnings parade continues this week, with the latest results due from a handful of companies in the Dow Jones Industrial Average and from media giants and tobacco companies. In addition, seven companies across a range of industries are expected to go public this week, coming off a week that has seen ...

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