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.
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Australian Stock Market Leads - 02/07/2012

The Australian stock market is seen to hold firm, but gains are narrowed down by the grim prospects in Greece, that has yet to settle prevailing debt concerns.
Christine Gaylican Feb 07, 2012

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.
Lawrence Villamar Feb 07, 2012

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.
Christine Gaylican Feb 07, 2012

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.
Esther Tanquintic-Misa Feb 06, 2012

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.
Vittorio Hernandez Feb 06, 2012

Apple TV Sets: A Release Date This Year?

The specter of the mythical Apple TV rears its head again as a Piper Jaffrey analyst claims that Apple Inc. will release the Apple TV later this year
ranina sanglap Feb 06, 2012

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.
Erik Pineda Feb 06, 2012

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.
Vittorio Hernandez Feb 06, 2012

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.
Christine Gaylican Feb 06, 2012

Australia Stock Market- Morning Report 02/06/2012

In Australia, retail trade, the monthly inflation gauge and data on job ads are released. NZ markets are closed for a holiday. In the US, the monthly employment trends report is released.
Lawrence Villamar Feb 06, 2012

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.
Christine Gaylican Feb 06, 2012

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.
Jamelle Agbuis Feb 06, 2012

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.
Jamelle Agbuis Feb 06, 2012

Markets: 2012’s Rush Continues

For a third year in a row, world markets have had a strong start to the year, but so far 2012 is the best of the three.
Jamelle Agbuis Feb 06, 2012

Commodities: Gold Down, Aussie Dollar Strong

The good jobs figures for the US in January, and then those late doubts about Greece, ended up confusing traders and gold slumped the most in five weeks on Friday.
Jamelle Agbuis Feb 06, 2012

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