Tag: Business, Economics and Finance
Eurozone inflation hits low as service sector slumps
Inflation in the euro countries slumped in December to 1.6 per cent, the lowest in over two years, from 2.1 per cent in November, according to an estimate from the EU's Eurostat data agency.[MORE]
Gunns welcomes go-ahead, critics expect protests
The timber company Gunns has issued a statement saying it is pleased Acting Prime Minister Julia Gillard has confirmed it can start building its northern Tasmanian pulp mill immediately.[MORE]
NT Govt defensive after Barkly Hwy flood damage
The NT Government has defended the state of its roads after flooding caused the collapse of part of a major highway.[MORE]
Wool industry hit by another mulesing boycott
Sheep farmers have been snubbed by another international company joining a global boycott of Australian wool.[MORE]
Porsche buys controlling stake in VW
The German luxury sport scar maker Porsche has taken over Volkswagen, the biggest European car maker, by purchasing more than 50 per cent of its shares, Porsche announced.[MORE]
Russia slashes gas supplies
All Russian gas supplies via Ukraine to Bulgaria, Turkey, Greece and Macedonia were halted on Tuesday as a result of the Moscow-Kiev price row, Bulgaria's economy ministry said.[MORE]
SA Govt investments under scrutiny
South Australian Opposition Leader Martin Hamilton-Smith is urging the State Government to reveal the financial position of private companies in which it invests.[MORE]
Bishop urges banks to pass rate cuts on to business
Deputy Federal Opposition Leader Julie Bishop has joined business leaders in calling for banks to pass on the full amount of recent interest rate cuts.[MORE]
Market ends higher after widespread gains
The Australian share market enjoyed a boost in Tuesday's trade with significant gains recorded in the finance, resources and telecommunications sectors.[MORE]
Toyota to halt output as sales slump
Toyota is to halt production at all its Japanese plants for 11 days in a bid to reduce stocks of unsold cars as demand has slumped.[MORE]
Cave centenary celebrations
The Gunns Plains Caves in north-west Tasmania is today celebrating 100 years since it was opened as a tourist attraction.[MORE]
Gunns now a takeover target: Analyst
A Tasmanian pulp and paper analyst says Gunns remains a prime takeover target after getting approval to build its northern pulp mill yesterday.[MORE]
Finance, resource sectors drive market higher
Strong gains in the finance and resources sectors throughout the afternoon have pushed the Australian share market higher.[MORE]
Bankers Association confident on guarantee scheme
The Australian Bankers Association (ABA) has rejected a claim that the Federal Government's bank guarantee scheme could encourage reckless lending practices.[MORE]
Pulp mill protest in Launceston
About 100 anti-pulp mill campaigners have gathered outside the Launceston office of the federal member for Bass, Jodi Campbell.[MORE]
Kurnell residents 'endangered by sand mining'
The New South Wales Opposition says continued sand mining in Sydney's south is endangering residents on the Kurnell Peninsula. [MORE]
Mining heavyweights restart talks over Qld job losses
Mining company Xstrata and the mining union are back in the Industrial Relations Commission (IRC) in Brisbane over the axing of jobs at a central Queensland mine.[MORE]
Cairns council financially prepared for 2009: mayor
The Cairns Regional Council Mayor Val Schier says the council is in a good financial position for 2009. [MORE]
Domestic car sales topped 1m in 2008
Car sales fell more than 11 per cent in December but Australians still purchased more than 1 million new vehicles in 2008.[MORE]
NSW Govt denies high-rise metro plan
The New South Wales Government has denied reports it has begun planning high-rise developments around the proposed metro rail line for Sydney's inner west.[MORE]
State rules out financial help for pulp mill
Tasmania's Treasurer is hoping there won't be any further delays with the Gunns' pulp mill project.[MORE]
Grange Resources finalises Chinese-backed merger
Mining company Grange Resources is one step closer to establishing an iron-ore mine near Albany in Western Australia after its $1 billion merger with a Chinese-backed company was finalised.[MORE]
Shire growth dependent on land release approval: Port Stephens Mayor
The Port Stephens Mayor says the shire's future growth will be hindered if the New South Wales Planning Minister continues stalling rezoning plans for three large land release areas.[MORE]
Markets higher in early trade
The Australian share market remains higher despite losses of almost 1 per cent on Wall Street overnight.[MORE]
Performance of Services Index falls again
Continuing weak demand has led to the ninth consecutive monthly decline in Australia's services sector.[MORE]
