BUSINESS

Trucking group bats for dual-runs to improve freight services

A transport group said on Thursday that enabling trucking companies to implement the dual-run system would lead to better profits, slashed costs and less travel time for the freight industry as the Australian Competition and Consumer Commission (ACCC) instructed DP World Australia and Patrick to set up a blue print on the trucking scheme.

REX cuts down seat capacity of its Port Lincoln-Adelaide service route

Regional Express Holdings Ltd (REX) (ASX: REX) announced on Thursday that it is set to reduce its seat capacity by 18 percent for the Port Lincoln-Adelaide service route in South Australia, blaming stiffer competition from QantasLink which earlier resumed its flight services on the region.
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IG Markets - Opening calls

Overnight, US stocks retreated on the back of a disappointing earnings report from Dow component Boeing and the latest Beige Book report which suggested several districts were experiencing softening growth.

Australian Stock Market Report

US durable goods orders fell by 1.0pct in June after a 0.8pct fall in May and 2.9pct rise in April. Economists had tipped a 1.0pct rise in orders.

World Market Overview

The US stock market edged lower Wednesday on news that orders for big ticket items sank in June. The Dow fell 39.81 points (0.38%) to 10,497.88 in final trades, after a four day winning streak.

Daily Forex Commentary 29/7/2010

The Aussie's three-week ascent towards US90.50 came to an abrupt halt yesterday immediately after the release of the much-anticipated June quarter inflation data.

The Overnight Report: Waiting For GDP

Having stalled on Tuesday, Wall Street could only drift off last night with little positive impetus ahead of Friday's GDP release. Dow down 39. (Locked for subscribers until 10:00 AEST)

House prices growing at slower pace

Australian house prices continue to increase in most capital cities, but growth pace is slowing, according to a June quarterly house price report released today by online real estate data group Australian Property Monitors (APM).

CHOICE demands parties address consumer issues

Consumer advocacy group CHOICE has challenged the major political parties to declare their hand on a range of consumer issues in the lead up to the Federal election.The group sent letters to the Government and Opposition parties, as well as the Greens, asking them to outline their approach to consum...

Powering the world - with butter

A new study by scientists at the American Chemical Society has identified an unlikely new source for raw materials for biodiesel fuels - butter.Researchers report that butter could be used as an eco-friendly feedstock for diesel fuel, a possible new source beyond the current ethanol production.As pa...

Australian Stock Market Report - Closing

The Australian share market managed a turnaround in afternoon trade to rack up a fourth successive win. Financial stocks drove the gains while the big miners also received support despite a shaky start.

Australian share market finished firmer

The Australian share market finished firmer for the fourth consecutive trading day, closing at its strongest level for more than a month. Sentiment on th local bourse was boosted by the release of lower than expected inflation figures for the June quarter.

Australia market makes a U-turn

The Australian share market has put in a U-shaped performance today, rallying initially, selling off after the release of CPI data and then rallying back to positive territory.

ABCC wins $1.3m over West Gate Bridge dispute

The Office of the Australian Building and Construction Commissioner (ABCC) has secured a record workplace relations penalty of $1.325 million as a result of a legal proceeding initiated by the ABCC in response to a protracted union demarcation dispute at the West Gate Bridge strengthening project in 2009.

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