Labor has launched a nationwide attack on the Coalition's plans for superannuation, warning millions of workers will be left worse off in retirement. In his budget reply speech on Thursday night, Opposition ...
Financial News from ABC
- Afghanistan to begin first commercial oil production ABC - 22 hours ago
Afghanistan expects to begin the first commercial oil production in its history in a little under two months. The country's mining minister, Wahidullah Shahrani, has told the ABC processing will start ...
- Free ferry trips to Maria Island ABC - 23 hours ago
Tour operators are offering free ferry rides to Maria Island in a bid to boost tourist numbers over winter. The island is home to world heritage listed convict site Darlington and more recently an insurance ...
- Minister confident about Afghan resources industry ABC - Sat, May 18, 2013 12:36 PM AEST
The Afghan government says it is confident it can press ahead with the development of its fledgling mining industry, despite the Taliban insurgency and widespread corruption in the country. The Afghan ...
- Libs announce plan to stimulate development ABC - Sat, May 18, 2013 12:14 PM AEST
The Tasmanian Opposition is promising to scrap what it calls "developer fees" if it wins Government next year. The Liberal leader Will Hodgman says the merger of Tasmania's three water and sewerage ...
- Firm's exclusion from Bendigo hospital tender unlawful, court rules ABC - Fri, May 17, 2013 9:07 PM AEST
The Federal Court has ruled the Victorian Government's exclusion of a major construction company from building the Bendigo Hospital was unlawful. The Construction, Forestry, Mining and Energy Union (CFMEU) ...
- Fall in Aussie dollar boosts local market ABC - Fri, May 17, 2013 7:45 PM AEST
The local share market benefitted from the sharp slide in the dollar today. The All Ordinaries added a third of a per cent to 5,160 and the ASX 200 matched that gain to 5,181. The dollar has fallen by ...
- US improvement main reason for Aussie dollar dive ABC - Fri, May 17, 2013 5:14 PM AEST
Currency analysts say renewed confidence in the US economic recovery is combining with increasing worries about Australia's economic outlook to push the local currency down against the greenback. The Australian ...
- Qld Government seeks more cross-river rail funding ABC - Fri, May 17, 2013 3:59 PM AEST
Queensland Transport Minister Scott Emerson says a federal funding promise for Brisbane's cross-river rail project is not genuine. Federal Treasurer Wayne Swan this week pledged $715 million for the $5 ...
- Unique Aussie wine varieties winning favour ABC - Fri, May 17, 2013 2:08 PM AEST
Some alternative Australian-developed wine varieties are finding their way into the glasses of local drinkers, but the biggest test for winemakers has been getting consumers to try them. The CSIRO has ...
- Wesfarmers hit as Target earnings miss the mark ABC - Fri, May 17, 2013 12:49 PM AEST
Target's full-year earnings could fall by as much as 43 per cent because of weak sales, price discounting and restructuring costs. Wesfarmers is the conglomerate which owns Target, and it says the retailer's ...
- I'm not guilty of anything, says ICAC minister ABC - Fri, May 17, 2013 11:27 AM AEST
Former New South Wales Labor Minister Ian Macdonald has told a corruption inquiry he thinks all ministers at times decline to follow the advice of their departments. Mr Macdonald has spent his third day ...
- Miners falling short on Indigenous consultation: Oxfam ABC - Fri, May 17, 2013 10:00 AM AEST
A major aid agency says Australia's resources companies are not being open enough about how they gain the consent of Indigenous land owners at their overseas mining projects. A study by Oxfam Australia ...
- Overseas tourists shun Territory experience ABC - Fri, May 17, 2013 9:53 AM AEST
Numbers of international visitors to the Northern Territory have plummeted to their lowest level since records began 14 years ago. Territory budget papers this week revealed the record low was recorded ...
- Budget's self-education cap under fire ABC - Fri, May 17, 2013 7:57 AM AEST
The Law Society of South Australia has condemned a federal budget decision on capping the sum people can claim for self-education expenses. Society president John White said professionals would find it ...
- Market closes lower as gold price dives ABC - Thu, May 16, 2013 6:43 PM AEST
The Australian share market closed down as a fall in the gold price weighed on mining stocks. The All Ordinaries index fell more than 0.5 per cent to 5,144 and the ASX 200 was down 26 points to 5,165. ...
- NZ moves to speed up residential developments ABC - Thu, May 16, 2013 5:29 PM AEST
The New Zealand government is moving to fast-track residential developments to deal with a growing housing affordability crisis. In handing down the budget this afternoon, finance minister Bill English ...
- Design chosen for Packer's billion dollar hotel ABC - Thu, May 16, 2013 5:03 PM AEST
British firm Wilkinson Eyre Architects has won a competition to design James Packer's proposed billion-dollar casino and hotel at Sydney's Barangaroo precinct. Three international firms submitted designs ...
- Status quo for solar tariff for now ABC - Thu, May 16, 2013 4:16 PM AEST
The Tasmanian Government looks set to maintain benefits to solar panel users who feed energy back into the electricity grid. It was feared the price solar users are paid for their excess power could dramatically ...
- Japan's Abenomics posts early success ABC - Thu, May 16, 2013 4:16 PM AEST
The so-called "Abenomics" stimulus program has met with early success, lifting Japan's GDP more than forecast. Japan's economy grew by a strong 0.9 per cent in the March quarter, higher than ...
- Another Tarkine mine gets green light ABC - Thu, May 16, 2013 4:07 PM AEST
Venture Mineral's proposal for an iron ore mine in Tasmania's Tarkine region has cleared an environmental hurdle. The West Australian company wants to mine iron ore at Riley Creek, near Tullah. Tasmania's ...
- Tender process too long, Macdonald tells ICAC ABC - Thu, May 16, 2013 3:13 PM AEST
Former New South Wales Labor minister Ian Macdonald has told the Independent Commission Against Corruption (ICAC) he did nothing wrong while being entertained by people who were to be granted a mining ...
- ICAC to reopen Obeid farm probe ABC - Thu, May 16, 2013 2:36 PM AEST
Three new witnesses have come forward about issues surrounding a licence over land owned by former Labor powerbroker Eddie Obeid as a corruption inquiry into mining licences in NSW comes to an end. The ...
- Croc trade thrives but buffs slowed by hard heads ABC - Thu, May 16, 2013 12:36 PM AEST
The Northern Territory crocodile industry has raked in more than $22 million dollars this financial year. Territory budget estimates documents say crocodile production has increased by 7 per cent, thanks ...
- BP pushes ahead with Bight oil search ABC - Thu, May 16, 2013 11:06 AM AEST
Energy company BP has begun the formal application process in its planned oil search of the Great Australian Bight. It plans to explore about 300 kilometres south-west of Ceduna and 400 kilometres west ...
- Abbott expected to address tax cuts in budget reply ABC - Thu, May 16, 2013 9:12 AM AEST
Opposition Leader Tony Abbott is expected to use tonight's budget reply speech to explain how he would pay for tax cuts in a first-term Coalition government.
- Media office raid threatens new scandal for Obama ABC - Thu, May 16, 2013 5:54 AM AEST
An abuse of power scandal is unfolding in Washington DC and it threatens to swamp the until now tarnish-free image of president Barack Obama. The US justice department has admitted to secretly seizing ...
- Opposition targets Swan over debt and deficit ABC - Thu, May 16, 2013 12:17 AM AEST
Federal Treasurer Wayne Swan has spent the day defending the Government's delivery of a $19 billion budget deficit, rather than the surplus promised last year. It has given the Opposition ammunition to ...
- China's hunger for Australian iron ore tipped to grow ABC - Wed, May 15, 2013 9:41 PM AEST
Australia's economic fortunes have become increasingly tied to China's, and over the past decade the strength of Asia's economic giant has delivered considerable benefits to Australia. But recent predictions ...
- Budget bravery more in assumptions than actions ABC - Wed, May 15, 2013 9:15 PM AEST
Economists and business groups say the budget is brave - not for the cuts to middle-class welfare, such as the baby bonus - but rather for the assumptions that underpin the return to surplus. Pre-budget, ...
- Government loses superannuation vote after MPs absent ABC - Wed, May 15, 2013 6:49 PM AEST
Four Labor MPs have missed a vote in Federal Parliament, leaving the Government short and forcing it to negotiate with the Opposition over recasting the vote. The vote was on a Coalition amendment to government ...
- Market ends down on weak metal prices ABC - Wed, May 15, 2013 6:15 PM AEST
The share market has finished down after weaker metal prices weighed on mining stocks. The All Ordinaries lost 0.6 per cent, finishing the day at 5,173 while the ASX 200 matched that fall, losing 29 points ...
- Newman signs memorandum with PNG leader ABC - Wed, May 15, 2013 4:32 PM AEST
Queensland Premier Campbell Newman says he has discussed health, policing and business opportunities during a two-day trade trip to Papua New Guinea (PNG). Mr Newman has signed a memorandum of understanding ...
- New taxes 'flogging' mining industry: CME ABC - Wed, May 15, 2013 4:26 PM AEST
The WA Chamber of Minerals and Energy says the removal of immediate tax deductions for the mining sector are "flogging" an industry that is supporting the Australia economy. The chamber's economic ...
- The economy: where the parties stand ABC - Wed, May 15, 2013 3:59 PM AEST
Nothing is more central to politics than the economy. It is at the core of the policies and promises of the parties and politicians that Australians will vote for on September 14. Management of the economy ...