BUSINESS

Australia grants Rodinia Oil Corp. new petroleum EPAs

Rodinia announced today that the State of Western Australia has newly granted the company with two Petroleum EPAs (Exploration Permit Applications), spanning about 5,654,000 acres (22,880 square kilometres) in Western Australia. The new EPAs were granted pursuant to Rodinia’s application last March 1, 2010.

Sino Green Land brings Green Food to Australia

Sino Green Land Corporation, one of China’s leading distributors of quality fruits and vegetables, announced this day that it has begun its expansion of Green Food exports into Australia after a lucrative trial order with domestic distribution partners.
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Seven's Chinese Bank Deal

The discount in the share price of Seven Group Holdings continues to widen.The merger between Seven Network and Westrac...

Perpetual Loses CEO

Perpetual CEO, David Deverall, did the right thing by his employer yesterday in signalling his decision to stand down ne...

Alinta Trails Its Coat

There is life after Babcock & Brown, just look at Alinta Energy (AKA Babcock & Brown Power)The power station company has...

Tuna industry urged to regulate bycatch

The tuna industry is being urged to regulate bycatch - the capture of undersized specimens and fish other than tuna - to increase fishery sustainability, by the International Seafood Sustainability Foundation.The call comes as representatives of Australia's tuna industry regional fisheries managemen...

Pork Board: infringement by 'Unicorn meat'

The US National Pork Board has issued a cease and desist letter to online retailer ThinkGeek regarding a potential infrigement of their trademark slogan 'The Other White Meat' - in regard to an April Fools Day 'canned unicorn' product.A headline on the ThinkGeek gag page for Radiant Farms Canned Uni...

Mixed Data On The Oz Economy

The latest Westpac-ACCI Survey of Industrial Trends has delivered some mixed data, with price pressures rising but growth still above trend.

Macquarie Issues Stark Warning

Australian investment banking major, Macquarie Group issued a warning to investors on Thursday, that volatility in financial markets were adversely impacting parts of its business, which sent Macquarie shares into a tail spin.

Google loses to NetApp as best employer

Internet giant Google has lost its mantle as Australia's best employer to NetApp, an IT company specialising in storage services that ranked second last year.

Asian stocks dropped anew Asian

Asian stocks plummeted its biggest in two weeks as U.S. home sales slowed down anew in May unexpectedly raising concerns on the fragility of the world's biggest economy.

Queensland Rail falls short in coal-hauling targets

Queensland Rail did not achieve its coal-hauling obligations to the Dalrymple Bay Coal Terminal at Mackay, Rio Tinto Coal Australia claims, as the industry continues to battle the planned $3 billion float of QR's freight operations.

Lincoln's mining plans hurt seafood industry

Lincoln Minerals announced plans to forfeit mining operations on its iron ore products and use the Port Lincoln wharf to export products for two years once funds and approvals are set in place.

ASIC probes Telstra over share price movements

Telecommunication company Telstra agreed to cooperate with the Australian Securities and Investments Commission on the investigation on its share price movements after it sealed a contract on the National Broadband Network.

The Overnight Report: Fear Rebuilding

A weak US housing number added to a growing renewal of general concern last night as the S&P500 fell through its 200-day moving average amidst weak volume. Dow down 148. (Locked for subscribers until 10:00 AEST)

CFMEU will back tax if communities improve

The Construction Forestry Mining Energy Union said it will support the proposed resources super profits tax if the Federal Government agrees to put out some funds to improve the mining towns.

New grapefruit treatment process opens Japanese market to Australia

Four years of work by Western Australian researchers has opened the door for exports of Australian grapefruit to one of the world's biggest markets.Agriculture and Food Minister Terry Redman said the decision by Japan's Ministry of Agriculture, Forestry and Fisheries was welcome news, potentially wo...

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