Tag: Business, Economics and Finance
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 land acquisition divides Broome
The Government's decision to compulsorily acquire the land near Broome for a $30 billion gas precinct has polarised the town. [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]
Ailing tunnel project takes toll on investors
Investors in the Clem7 toll road project have turned their attention to legal action over grossly over-estimated traffic forecasts.[MORE]
Local shares climb on Wall St surge
Local shares have backed up a 2 per cent jump yesterday with a 0.8 per cent rise, after Wall St surged last night.[MORE]
Wesfarmers boss describes 'worst call'
The head of Wesfarmers has described the phone call alerting him to a death at one of the company's mines as the worst call a chief executive can get. [MORE]
Rio moving ahead with expansion plans
Rio Tinto iron ore boss Sam Walsh has officially opened the company's Brockman 4 site in the Pilbara.[MORE]
Union unable to influence miner on fly-in fly-out workforce
The Construction, Forestry, Mining and Energy Union (CFMEU) says it has been unable to convince mining company BMA to abandon its plans for the entire workforce of a new mine in the Queensland's central highlands to be fly-in fly-out.[MORE]
Taxpayer-funded advertising 'must benefit the people'
New guidelines say publicly-funded State Government and Opposition advertising must have a direct benefit to the people of Queensland.[MORE]
Affordable housing numbers will improve, conference told
A national conference on homelessness has heard there should be significant progress on the issue in the next two years as homes built with stimulus money are finished.[MORE]
Fairfax board spots filled by ex-journo, media CEO
Fairfax Media has fulfilled a pledge to appoint directors who have media experience to its board.[MORE]
Gas hub land to be compulsorily acquired
The State Government has started the process to compulsorily acquire land in the Kimberley for the development of a $30 billion gas precinct.[MORE]
Ship's master fined for unsafe operations
A Brisbane magistrate has fined a ship's master following an incident in north Queensland in which 37 people were left stranded on a wrecked charter boat.[MORE]
QRC says council deserve more of mining profits
The chief executive of the Queensland Resources Council (QRC) says he supports local government claims that they deserve a better share of mining royalties and revenues.[MORE]
Trade surplus disappoints
Australia has recorded its fourth straight trade surplus, but the result came in below even the lowest economist forecast.[MORE]
Shares gain again on Wall St rally
Local shares are extending yesterday's 2 per cent rally, with a gain of about 0.5 per cent by mid-afternoon.[MORE]
Foster's loses CFO to Asciano
The chief financial officer at Foster's Group Angus McKay has announced he is resigning and will leave the company towards the end of the year.[MORE]
Strong GDP shows stimulus can stop: economist
A leading economist says yesterday's stronger than expected economic growth figures make a reasonable case for stimulus spending to be stopped.[MORE]
Tourism operators criticise LNP Fraser Island plan
Tourism operators on Fraser Island have criticised a State Opposition plan to close parts of the World Heritage Listed island.[MORE]
Compulsory acquisition 'theft' of land
Indigenous academic Mick Dodson has delivered a warning to the WA Premier, describing compulsory acquisition of land for the Kimberley gas hub as theft and an invasion.[MORE]
