BUSINESS

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.

Sharon Olalia Jun 24, 2010

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

Sharon Olalia Jun 24, 2010

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.

Sharon Olalia Jun 24, 2010

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.

Erik Pineda Jun 24, 2010

Incat admitted today that its current finance situation is problematic, but Tasmania’s biggest shipbuilder is still confident that it would survive the dwindling demand in global production of ferries.

Erik Pineda Jun 24, 2010

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.

Christine Gaylican Jun 24, 2010

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.

Sharon Olalia Jun 24, 2010

Erstwhile Fairfax Media chief executive David Kirk is set to invest and join the board of new data cable company Pacific Fibre, which was launched earlier this by TradeMe founder Sam Morgan, The Warehouse founder Sir Stephen Tindall and Xero founder Rod Drury.

Erik Pineda Jun 24, 2010

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

Admin System Jun 24, 2010

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).

Admin System Jun 24, 2010

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.

Erik Pineda Jun 24, 2010

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.

Erik Pineda Jun 24, 2010

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.

Christine Gaylican Jun 24, 2010

Twenty-first century metallurgical advances have liberated the value of an extensive gold-copper resource at Ravensthorpe for junior miner Tectonic Resources.

Admin System Jun 24, 2010

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.

Christine Gaylican Jun 24, 2010

A new legislation would be introduced by the parliament following retailers' complaints that surfaced yesterday, stating that their trading hours would be shortened.

Admin System Jun 24, 2010

The Tasmanian Government faced another controversy as it was accused of knowing the financial problems of Aurora Energy before it announced to cap power prices during the election period.

Admin System Jun 24, 2010

Canberra failed in convincing Fortescue Metals chief executive Andrew Forrest to back the new mining tax by suggesting changes in the capital treatment.

Sharon Olalia Jun 24, 2010

Despite Tuesday's technical break-down, Wall Street managed to hold up last night in the face of very weak housing data and a more sober outlook from the Fed. Dow up 4.

Admin System Jun 24, 2010

The US Federal Reserve has no reason to lift interest rates from their current record low of 0% to 0.25%.Inflation is ve...

Admin System Jun 24, 2010

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

Admin System Jun 24, 2010

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

Admin System Jun 24, 2010

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

Admin System Jun 24, 2010

A look at the Suncorp-Metway share price graph will tell us that the financial group is going nowhere as investors wait ...

Admin System Jun 24, 2010

Melbourne-based Sonray Capital Markets group flops and accounts of its 3000 clients have been frozen.

Admin System Jun 24, 2010

Trying to establish its presence in the direct sales and financial advice markets, Suncorp-Metway aims to more than double its new life insurance business in the coming three years.

Sharon Olalia Jun 24, 2010

Australia's largest brewer Foster's Group Ltd could save up to $150 million (US$130 million) by putting its Abbotsford plant in Melbourne on sale, Merrill Lynch analysts said.

Sharon Olalia Jun 24, 2010

Graphics-software company Adobe Systems recorded an 18 per cent leap in second-quarter profit, gaining from strong sales of its flagship Creative Suite 5.

Sharon Olalia Jun 24, 2010

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...

Admin System Jun 24, 2010