Holden to try to cut wages in SA

Holden to try to cut wages in SA

AAP Carmaker Holden will ask its Adelaide workforce to take a pay cut to help its assembly plant remain viable. The company says it will seek the support of the workforce to achieve significant annual savings ...

Australian Markets

  • MEC Resources Limited (ASX:MMR) MEC Resources Ltd - Boardroom Radio Broadcast ABN Newswire - 2 hours 45 minutes ago

    Sydney, Australia, June 18, 2013 - (ABN Newswire) - MEC RESOURCES LIMITED (ASX:MMR) provides the opportunity to listen to an audio broadcast with Mr David Breeze, Executive Director in a presentation titled ...

  • Aust shares fall ahead of key US data AAP - 3 hours ago

    Australian shares are lower at noon, defying upward trends overnight on Wall Street. Independent movement in the S&P/ASX 200 index has largely reflected trading of local high yielding stocks like banks ...

  • Major infrastructure funding in NSW budget AAP - 4 hours ago
    Major infrastructure funding in NSW budget

    A massive $60 billion will be ploughed into new roads, rail, hospitals and schools but the NSW public sector is under pressure to find hundreds of millions of dollars in savings. Handing down his third ...

  • Stocks to watch at noon on Tuesday AAP - 4 hours ago

    Stocks to watch on the Australian stock exchange at noon on Tuesday: ELD - ELDERS - down 1.2 cents, or 13.33 per cent, at 7.8 cents RHL - RURALCO - down 3.00 cents, or 0.88 per cent, at $3.36 Elders has ...

  • Aust shares weaken ahead of RBA minutes AAP - 5 hours ago

    Australian shares are weaker as traders nervously await the Reserve Bank's June board meeting minutes, with the big banks and miners suffering losses. IG market strategist Stan Shamu said investors were ...

  • Buccaneer Energy Limited (ASX:BCC) Shareholder Briefing in Houston ABN Newswire - 7 hours ago

    Sydney, Australia, June 17, 2013 - (ABN Newswire) - Buccaneer Energy Limited (ASX:BCC) is pleased to invite current US based shareholders to a shareholder briefing to hear about the Company's progress ...

  • Stocks to watch on Tuesday AAP - 8 hours ago

    Stocks to watch on the Australian stock exchange on Tuesday: LLC - LEND LEASE - down 70 cents, or 7.5 per cent, at $8.65 Lend Lease says earnings from its construction businesses have fallen, and will ...

  • US stocks jump ahead of Fed meeting AFP - 19 hours ago
    US stocks jump ahead of Fed meeting

    US stocks surged Monday a day before the Federal Reserve begins meeting to review monetary policy, with expectations mounting that it will make no sharp changes to its economic stimulus. The Dow Jones ...

  • Why are home prices back on the rise? Bankrate.com - 20 hours ago

    After many years of falling, home prices appear to be back on the rise. Meanwhile, mortgage rates are near historic lows. Do you have any thoughts about what is driving the price increases, and whether ...

  • Will Fed get clearer about an easing ease-up? Bankrate.com - 20 hours ago

    Martin McDermott's original retirement plan to live off bond dividends was derailed when the Federal Reserve took unprecedented measures to drive down interest rates to pull the economy out of a recession. ...

  • $A rallies as commodites, stocks rise AAP - Fri, Apr 26, 2013 12:46 PM AEST

    The Australian dollar has risen to its highest point in a week as commodity prices and share markets rally. At 1200 AEST on Friday, the local unit was trading at 103.30 US cents, up from 102.46 cents on ...

  • Bank of Japan boosts economy, inflation view AFP - Fri, Apr 26, 2013 9:19 AM AEST
    Bank of Japan boosts economy, inflation view

    The Bank of Japan on Friday boosted its inflation and economic growth projections for the world's third-largest economy as it eyes an end to years of deflation. The semi-annual report, which came as the ...

  • Euro Stagnation Continues Despite the Equities Rally DailyFX - Wed, Apr 24, 2013 8:04 PM AEST

    Euro Stagnation Continues Despite the Equities Rally

  • Sheila Bair QandA: Protect borrowers and banks Bankrate.com - Wed, Apr 24, 2013 5:00 PM AEST

    Sheila Bair speaking before the National Press Club in 2011. Highlights of Bair's career 1981-1988: Research director, deputy counsel and counsel for U.S. Sen. Robert Dole, R-Kan. 1991-1995: Commissioner, ...

  • Reserve Bank to buy Chinese bonds for reserves ABC - Wed, Apr 24, 2013 4:45 PM AEST

    Australia's central bank is gearing up to invest a slice of its foreign currency reserves in Chinese government bonds. Speaking in Shanghai, RBA deputy Governor Philip Lowe said the bank has sought and ...

  • RBA to invest in Chinese yuan AAP - Wed, Apr 24, 2013 4:25 PM AEST

    The Reserve Bank of Australia plans to spend up to $2 billion on Chinese yuan as the currency gains increasing importance in financial markets. RBA deputy governor Dr Philip Lowe on Wednesday said the ...

  • QE won't lock in an inflationary surge AAP - Wed, Apr 24, 2013 12:28 PM AEST

    The only thing standing between "quantitative easing" of monetary policy in the developed economies and a surge in inflation is a bunch of bankers. Do a quick trawl around the internet and you'll ...

  • Aust bonds weaken as stocks rally AAP - Wed, Apr 24, 2013 9:27 AM AEST

    Australian bond futures prices are lower after most stock markets gained ground during the offshore session. "It's just following overseas movements. Stocks market overseas had a very good night and ...

  • $A bounces back from six-week low AAP - Wed, Apr 24, 2013 7:40 AM AEST

    The Australian dollar is higher after traders went bargain hunting when the currency fell to a six-week low. At 0700 AEST on Wednesday, the local unit was trading at 102.67 US cents, up from 102.33 cents ...

  • 2 Primary Pairs Teetering at Critical Levels DailyFX - Wed, Apr 24, 2013 1:47 AM AEST

    2 Primary Pairs Teetering at Critical Levels

Company Finances

  • Government touts star rating system for food to fight obesity epidemic ABC - Thu, Jun 13, 2013 7:40 PM AEST
    Government touts star rating system for food to fight obesity epidemic

    The Government is touting a new five-star food labelling system as the latest tool to help fight the obesity epidemic in Australia. The star scale would rate foods from half-a-star to five stars, based ...

  • Outlook for global food markets improves: UN AFP - Thu, Jun 13, 2013 10:24 AM AEST
    Outlook for global food markets improves: UN

    The overall outlook for supplies of basic food commodities to global markets has improved since poor wheat harvest and tight conditions a year ago,the UN's food agency said on Thursday. The cereal supply-and-demand ...

  • Safeway to sell Canadian business to Sobeys AFP - Wed, Jun 12, 2013 9:33 PM AEST
    Safeway to sell Canadian business to Sobeys

    US supermarket chain Safeway on Wednesday announced the sale of it Canadian operations to Canadian food retailer Sobeys for CAN$5.8 billion ($5.7 billion) in cash. Safeway Inc. said it would use the proceeds ...

  • Audi to follow Volkswagen on car recall AAP - Wed, Jun 12, 2013 4:14 PM AEST
    Audi to follow Volkswagen on car recall

    Audi will recall more than 6000 hatchbacks due to the same gearbox safety concerns that prompted its parent company Volkswagen to announce a recall of almost 26,000 vehicles. Audi says the voluntary recall ...

  • Safety concerns spark Volkswagen recall AAP - Wed, Jun 12, 2013 12:43 PM AEST
    Safety concerns spark Volkswagen recall

    Volkswagen will recall almost 26,000 vehicles in Australia because of concerns an electronic malfunction in some cars could cause them to lose power while driving. Affected vehicles include the Golf, Jetta, ...

  • Volkswagen, Audi recall 32,000 cars in Australia AFP - Wed, Jun 12, 2013 12:29 PM AEST
    Volkswagen, Audi recall 32,000 cars in Australia

    German auto giant Volkswagen (VW) on Wednesday recalled nearly 26,000 vehicles in Australia and Audi followed suit with 6,000 cars due to a gearbox problem that could cause a loss of power while driving. ...

  • Kuwait invites bids for first solar energy project AFP - Wed, Jun 12, 2013 12:16 PM AEST
    Kuwait invites bids for first solar energy project

    Kuwait invited bids on Wednesday to build a solar farm to produce 70 megawatts of electricity by 2016, the first phase of a plan to generate 2,000 megawatts from renewables in 2030, the project supervisor ...

  • Zara owner Inditex ups profit on global expansion AFP - Wed, Jun 12, 2013 11:10 AM AEST
    Zara owner Inditex ups profit on global expansion

    Spanish textile giant Inditex, owner of the Zara brand, announced Wednesday a rise in quarterly profit as it pursued a global expansion with a string of new stores including in Japan, China and Russia. ...

  • Volkswagen recalls 26,000 cars in Australia AFP - Wed, Jun 12, 2013 2:08 AM AEST
    Volkswagen recalls 26,000 cars in Australia

    German auto giant Volkswagen (VW) on Wednesday recalled nearly 26,000 vehicles in Australia due to a gearbox problem that could cause cars to lose power on the road. The recall follows growing safety concerns ...

  • Volkswagen confirms recall of Australian cars after power-loss complaints ABC - Wed, Jun 12, 2013 12:53 AM AEST
    Volkswagen confirms recall of Australian cars after power-loss complaints

    Volkswagen has confirmed it will recall some of its cars in Australia after a fatal accident in Victoria sparked safety concerns about some models. A coronal inquest has been held into the death of Melissa ...