BUSINESS

Renewable Energy Getting Cheaper

Although the Australian government is apparently battling an uphill fight over carbon tax, renewable energy and similar issues as the debate gets lively, trends support the Labor government position that the country should shift toward renewables and away from coal.
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Report Flags Gloomy Outlook for Super Investments

Super fund investments have been battered by inflation movements over the past half-decade, according to the latest assessment report issued over the weekend by superannuation analytic group Superratings.
Erik Pineda Nov 14, 2011

Toyota Recalls More Than 21,000 Camry V6 in Australia

Toyota Motor Corporation announced over the weekend that it is recalling about 550,000 cars from the market due to steering issues. In Australia, affected by the manufacturer recall are 21,792 Camry V6 vehicles made in Toyota's plant in Altona, Australia.
Vittorio Hernandez Nov 14, 2011

Markets: Australia To Rise Today?

Australian shares are expected to start the week higher with the futures market pointing to a 1% gain when trade resumes today.
Jamelle Agbuis Nov 14, 2011

Non-Bank Moves Below RBA Cut

A non-bank lender has undercut the RBA's rate move, lowering rates on its products by up to 40bps.
Jamelle Agbuis Nov 14, 2011

Lynas Approaching Blanket Coverage

- Lynas Corporation closer to first rare earth production- Upside potential still significant even if further delays- Macquarie initiates with an Outperform ratingBy Chris ShawWith the Mount Weld Rare Earth Project close to first production, market interest in Lynas Corporation ((LYC)) is growing.
Admin System Nov 14, 2011

ICTSI 9-Month Income Up 39 Percent to $98 Million

Philippine-based international port developer International Container Terminal Services, Inc. (ICTSI) posted revenue from port operations of $474.9 million for nine months ending Sept. 30 2011. The income based on ICTSI's consolidated unaudited financial results for the period is 29 percent higher than the $368.2 million reported in the same period last year.
Windsor Genova Nov 14, 2011

Australian Carbon Emissions set to Increase as Power Generation Ramps Up

Greenhouse gas emissions (GHG) from the Australian power industry increased by 3.8% over the month of October, as lost generation gradually made a comeback in the lead up to summer, according to October's Emissions Insights report from RepuTex carbon analytics.
Christine Gaylican Nov 11, 2011

Citibank Readies Segmentation Strategy

Citibank will take the wraps off a new broker segmentation strategy in coming months, following the appointment of new head of broker distribution Aaron Milburn to drive its third party push.
Jamelle Agbuis Nov 11, 2011

Foodbank, Dairy Industry Provide 10,000 Servings of Free Milk Daily to Aussies in Need

Despite Australia being a prosperous nation, 11 per cent of adults in the country and 12 per cent of children live in poverty. About one million Australian children do not always have enough to eat. Efforts of Foodbank, the largest hunger relief organization in Australia, to reach these needy residents got a boost following the commitment by the Australian dairy industry to provide one million litres of milk yearly for residents in need.
Vittorio Hernandez Nov 11, 2011

Landmark Tobacco Plain Packaging Laws Near Realization

Barring any possible glitches, cigarettes marketed in Australia will hit the shelves in December 2012 bearing nothing but a plain olive brown packaging and a bold health advisory meant to dissuade smokers from lighting their next stick.
Erik Pineda Nov 11, 2011

No More Gmail App in Blackberry

Google is pulling the plug on the Gmail in BlackBerry and the email app will no longer be downloadable to the smartphone.
Windsor Genova Nov 11, 2011

Apple, Google Emerge as New Gaming Market Leaders

Apple and Google continue to ramp up their assault on the mobile gaming sector as the two giant tech firms again registered growth that analysts said could soon obliterate the dominance of previous market leaders that date back in the early 1990s.
Erik Pineda Nov 11, 2011

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