No date to resume NBN work: Thodey

No date to resume NBN work: Thodey

AAP Telstra chief executive David Thodey says he does not know when work will resume on remediation of asbestos-affected telecommunications pits. However, Mr Thodey said he is not concerned about delays to ...

Australian Markets

  • Aust shares close more than 2% lower AAP - 2 hours 13 minutes ago

    Australian shares suffered their worst loss in a day since February amid jitters over a cutback in US stimulus measures and weaker than expected Chinese manufacturing data. The major ASX 200 and All Ordinaries ...

  • Stocks to watch at close on Thursday AAP - 3 hours ago

    Stocks to watch on the Australian stock exchange at close on Thursday: ANZ - AUSTRALIA AND NEW ZEALAND BANKING GROUP - down 70 cents, or 2.47 per cent, at $27.65 The ANZ bank is considering axing up to ...

  • Shares soar in Murdoch's papers AAP - 3 hours ago

    Newspapers might be struggling in the online age, but investors still had enough confidence in Rupert Murdoch to send shares in his new publishing arm soaring. In its second day of trading, the hived off ...

  • Fortescue miss targets for iron ore, sale AAP - 4 hours ago

    Andrew "Twiggy" Forrest's Fortescue Metals will miss targets for this year's iron ore shipments and a planned infrastructure sale. Australia's third-largest iron ore producer did not say why ...

  • Market sharply down at noon AAP - 6 hours ago

    Australian shares are being punished amid positive and negative news about the world's two biggest economies. The US Federal Reserve signalled overnight that it could start winding back its massive stimulus ...

  • Stocks to watch at noon on Thursday AAP - 7 hours ago

    Stocks to watch on the Australian stock exchange at noon on Thursday: ANZ - AUSTRALIA AND NEW ZEALAND BANKING GROUP - down 63.5 cents, or 2.24 per cent, at $27.715 The ANZ bank is considering axing up ...

  • Newcastle coal workers take strike action AAP - 7 hours ago

    More than 200 workers at a Newcastle coal terminal will embark on a week of strike action in a bid to secure better workplace conditions. Port Waratah Coal Services (PWCS) employees will conduct protected ...

  • Rum Jungle Resources Limited (ASX:RUM) CEN Shareholders encouraged to vote down Monument JV ABN Newswire - 7 hours ago

    Perth, Australia, June 20, 2013 - (ABN Newswire) - Rum Jungle Resources Limited (ASX:RUM) advises that, as at 7pm on Wednesday 19 June 2013, it had not received acceptances under its takeover offer for ...

  • Canyon Gold Corp. (OTC-QB/BB:CGCC) is pleased to announce that it has launched its new website, www. … ABN Newswire - 8 hours ago

    Wilmington, DE, United States, June 20, 2013 - (ABN Newswire) - Canyon Gold Corp. (OTC-QB/BB:CGCC) is pleased to announce that it has launched its new website, www.canyongoldcorporation.com. The new website ...

  • Market opens lower after US stimulus news AAP - 8 hours ago

    Australian shares have opened lower after the US Federal Reserve indicated it could wind back its massive stimulus program for the world's largest economy before too long. Shortly after the beginning of ...

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  • $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

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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 ...

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