Tag: Business, Economics and Finance
Chamber supports compulsory acquisition
The Chamber of Minerals and Energy says the State Government's compulsory acquisition of land in the Kimberley for a gas processing hub will bring opportunities to the local community.[MORE]
US jobless rate edges up in August
US president Barack Obama has promised new stimulus measures after a weak August jobs report showed unemployment has increased slightly.[MORE]
BP oil spill bill tops $8 billion
Oil giant BP says the Gulf of Mexico oil spill has cost the British company $8.79 billion so far.[MORE]
Airlines face multi-million payout to travel agents
Airlines are facing multi-million-dollar payouts over years of underpayments to travel agents after losing a last-ditch legal bid [MORE]
Shares subdued, Aristocrat falls on Wilkie's pokie plan
It was a cautious day's trade ahead of employment figures out in the US tonight, but the chance of increased poker machine regulation and various shareholder legal actions drove some stocks lower.[MORE]
Clem7 bosses collect $1m in bonuses
Five executives of the company that operates Brisbane's Clem7 tunnel have received bonuses totalling more than $1 million.[MORE]
Environmentalists say too much heavy industry in area as approval given to plant
A South West environment group says it is disappointed the Federal Government's has given environmental approval for a urea plant to be based in Collie.[MORE]
Hogan free to leave Australia
Paul Hogan has reached an agreement with the Australian Tax Office that will allow the actor to return to the US.[MORE]
World's biggest gasification plant a step closer
The Federal Government has granted environmental approval for what will be the world's biggest coal gasification and storage facility, in Western Australia's South West.[MORE]
Britain no basket case says trade envoy
A British trade envoy says the UK is open for business, despite continuing concerns about the health of its economy.[MORE]
Nufarm faces class action for profit downgrade
A legal firm says it has been approached by shareholders of the agricultural chemicals group Nufarm, after the company halved its profit forecast in July.[MORE]
Departments reach deal on local mining plans
The Western Australian Government says it has taken a balanced approach in its environmental arrangements for a resource-rich area north of Southern Cross.[MORE]
Telstra announces SouFun float
Telstra's Chinese online real estate subsidiary SouFun has filed for an initial public offering (IPO) with the United States Securities and Exchange Commission.[MORE]
Minister rebuffs call for mining town funding
Queensland Infrastructure Minister Stirling Hinchliffe says mining industries should be investing in mining infrastructure in regional communities rather than the State Government.[MORE]
Windfall with high commodity prices
The Western Australian government is set to reap a windfall from continuing high commodity prices.[MORE]
Most 'Go cards' given away not yet used
The Queensland Government and the Opposition have opposite interpretations of a recent "Go Card" giveaway in the south-east.[MORE]
Sluggish winter for services sector
Activity in Australia's services sector shrank for the fourth month in a row in August, with another slide in retail.[MORE]
Hunter businesses submit wish list for region
Hunter businesses are ramping up pressure on the New South Wales Government ahead of next year's election in an effort to force the Government to commit to spending more on regional infrastructure.[MORE]
Compulsory acquisition divides Broome
The Government's decision to compulsorily acquire land near Broome has polarised the town with Aboriginal and green groups calling it outrageous while the business community says it will be a boost.[MORE]
Pipe construction to flood-proof Dubbo's CBD
Dubbo retailers are being warned they may be inconvenienced by the construction of a stormwater pipeline.[MORE]
Councillor welcomes fast-tracking of housing development
A Sunshine Coast councillor says a possible plan by the Queensland Government to fast-track two major housing developments in the region is a "win" for housing affordability.[MORE]
US stocks rise on home sales, jobless data
Wall Street extended yesterday's strong gains overnight, with some encouraging home sales figures and a fall in jobless claims boosting sentiment.[MORE]
Burger King dumps Indonesian palm oil company
US fast food giant Burger King said it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.[MORE]
Rio Tinto banking on Gillard sticking to tax promise
The head of Rio Tinto's Iron Ore division says he trusts Prime Minister Julia Gillard will stick to her promise of a 30 per cent mining tax despite Labor's deal with the Greens. [MORE]
Fortescue boss backs taxation summit
Fortescue Metals Group chief executive Andrew Forrest has met with key independent MP Rob Oakeshott this afternoon and says they have agreed on a plan to hold a "taxation summit".[MORE]
