BUSINESS

QRC to negotiate with new PM on RSPT

The Queensland Resources Council has temporarily put a stop to campaign ads for opposing the Federal Government's planned super profits mining tax and it will try to negotiate with the new Prime Minister Julia Gilliard.

Westpac survey shows dips in June quarter business conditions

The latest Westpac-Australian Chamber of Commerce and Industry (ACCI) survey of industrial trends showed that business conditions saw a decline in the June quarter, with the series of interest rates hikes and doubts over the European debt crisis hounding the domestic economic outlook.
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China deal stirs up Riversdale coal ambitions

Riversdale Mining has entered a $1 billion-plus contract with a Chinese state-owned steel maker to set up a second coking coal mine in Mozambique, in hopes to become the world's biggest producer.

NZ Economy Still Growing

The New Zealand economy grew for a 4th straight quarter in the three months to March, thanks mostly to the strength of...

Fed Survives US Shake Up

US Congressional leaders (mostly Democrats from the Senate and the House of Representatives) are working towards complet...

Alcatel-Lucent 1st NBN supplier

Alcatel-Lucent has been granted a profitable contract to provide critical fibre optic equipment for the $43 billion national broadband network.

Change of leaders lifts mining sector

Mining stocks improved amid hopes that new Prime Minister Julia Gillard will have a more favourable tax regime than the proposed resource super-profits tax.

Childhood obesity: a growing concern in Asia-Pacific

The Asia-Pacific region will witness some of the biggest percentage increases in obese and overweight children in the world, finds Datamonitor.Research by the independent market analyst has found that in China, for example, although 15.9% of children aged between 5 and 13 are currently obese or over...

Researchers look into health benefits of pork

Dr Roger Campbell, CEO of Australia's Pork Cooperative Research Centre (CRC), is increasingly convinced that fresh Australian pork has a range of largely untapped health and nutrition attributes."There's just something about pork," he said, after welcoming almost 500 people to the 2010 Pan Pacific P...

When Naughty Rudi Meets Positive Kathy

Online trading service provider GFT sent prized asset Kathy Lien into a meeting with journalists this week to update Australian investors on financial matters.

US Supreme Court Rules In NAB’s Favour

The apex court in America, The Supreme Court of the United States has ruled in favour of Australian banking Major, National Australia Bank, and said the foreign investors could not continue with their lawsuit in that country, which seeks to obtain damages from NAB over the Homeside case.

Santos accepts, Palmer snubs Gillard’s offer

Leading gas producer Santos welcomed comments by Julia Gillard about RSPT negotiations, while Queensland mining billionaire Clive Palmer called on the new prime minister to formally abandon the controversial proposal.

Telstra CIO sudden resignation

Telstra chief information officer John McInerney has stepped down effective immediately, as the company plans to merge two IT divisions.

Miners respond to Gillard, suspend ads

The Minerals Council of Australia is pulling out advertisements against government plans for a new levy on mining after new Prime Minister Julia Gillard pledged to open the door to the industry for consultation.

Bendigo reports flat loan arrears in May

Bendigo and Adelaide Bank Ltd said on Thursday that retail deposits currently comprised 87 percent of the bank’s on-balance sheet funding source in May this year while its loan arrears settled to below the 0.94 percent of the bank’s loan book.

AGL to hasten Macarthur wind farm energy law change

AGL Energy Ltd., the leading power distributor in Australia, intends to hasten the $700 million (A$800 million) wind farm at Macarthur after the Senate passed law revisions that impel investment on renewable energy.

Gillard to stop mining tax ads

New Prime Minister Julia Gillard has promised to cancel the government's $38 million counter-campaign against the mining sector's anti-tax ads in return for co-operation in negotiations from the industry.

Big Growth Numbers Projected For iiNet

Morgan Stanley has initiated coverage on iiNet with an Overweight rating, supported by earnings growth assumptions in coming years that are above market consensus.

Talga Gold marks its ASX debut in July

Talga Gold Limited will be joining the ranks of trading companies at the Australian Securities Exchange on July 8 after it successfully closed its subscription of $5 million initial public offer (IPO).

Macquarie admits difficult state due to uncertain market situation

Macquarie Group Ltd said on Thursday that uncertain market conditions are adversely affecting the company’s numerous business activity levels though it clarified that it is quite early to tell for now the implications on the investment group’s full year result for 2011.

AGL lauds changes on RET

AGL Energy Limited said on Thursday that it would fast track its Macarthur wind farm project after the Senate approved changes on the Renewable Energy Target (RET) scheme last Wednesday.

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