BUSINESS

Uranium Awaits The DOE

The spot uranium market was quiet last week ahead of the final US Department of Energy inventory sale for 2010.

AIR Midday Market Roundup

The market is down 11. The SFE Futures were down 13 this morning. It looks as if the market will close down for the 10th...

Canegrowers shocked on CSR’s Sucrogen sale

Canegrowers, the sugar lobbyist group, says it is ‘surprised’ about the sale of CSR’s sugar and renewables arm, Sucrogen, to Wilmar International Limited, a company based in Singapore.
More news

Brown pledges to scrutinise new tax

Senator Bob Brown on ABC television last night pledged to put the revised tax through a ''very close Senate scrutiny'' with a purpose of studying the repercussions on small business.

Bilfinger postpones Valemus IPO

Germany's Bilfinger Berger has suspended the initial public offering of its Australian business recently named Valemus, citing a weak market.

Assets: CSR Sells To Singapore

CSR has sidestepped a political touchy deal with a big Chinese food group and plumped for a Singaporean company as the b...

World Market Overview

European shares ended slightly lower Monday after struggling for direction amid lingering worries about growth and with U.S. markets closed for a holiday, although oil giant BP managed to gain ground.

Market to start flat

The Australian bourse is expected to start flat this morning after taking mostly flat to negative leads from major Asian and European markets yesterday as Wall Street stayed closed for the US July 4 Holiday.

Bright snubbed: CSR's Sucrogen goes to Wilmar International

CSR Limited has announced the sale of its newly spun-off sugar business, Sucrogen, to Singaporean agribusiness giant Wilmar International, for A$1.75 billion, rejecting previous offers from China's Bright Food Group, including a conditional offer at the same amount. The company has also rejected its...

Controversy over 'free range' redefinition

Plans by the Australian Egg Corporation Ltd to review the standards of free range egg production have caused a schism in the industry, with free-range producers refusing to agree to changes that could see the maximum number of 'free range' birds per hectare increase from 1500 to as many as 20 000, a...

Nestlé to invest in the Philippines

Swiss food giant Nestlé is to invest PHP 4.3 billion (A$110.5 million) in the construction of a Coffee-mate and Bear Brand factory in the Philippines.Construction on the 27-hectare site in Tanauan, Batangas will begin this month and is expected to be completed in March 2012, John Miller, chairman a...

Birds Eye UK launches sustainability initiative

UK frozen foods business Birds Eye Iglo is launching a company-wide sustainability plan called 'Forever Food'.The group has committed to sourcing 100% of wild and farmed fish from certified fisheries by 2012, reduce packaging by 15% by 2012, reducing water consumption used in manufacturing by 20% by...

Australian Housing Grows More Unaffordable

According to the findings of a new report, housing in Australia has gotten increasingly unaffordable over the last year, with first time buyers needing stump up 10 per more for a deposit.The report which was released by Bankwest suggests that a couple in Australia now needs to raised $85,800 as a de...

IG Markets Australian Market Wrap

The Australia 200 CFD Index closed 0.4% softer at 4222.1, with industrial and consumer staples names detracting most of the points.

Cardno set to raise $49 million for planned acquisitions

Cardno Ltd said Monday that it is set to raise $49 million through capital raising, which the company intends to use on planned acquisitions of two leading US environmental consultancy group and balance sheet strengthening.

Aussie dollar moves up, ends 5-day skid

The Australian dollar moved up ending a five-day drop against other currencies, as Asian stocks advanced and signs the nation's labour market is improving enticed demand for higher-yielding assets.

Pages