Utilities

  • Sub-Saharan Africa lags in sustainable energy policies: report AFP - Wed, Feb 15, 2017 4:25 PM AEDT

    Washington (AFP) - Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy, according to a new World Bank report Wednesday.

  • Marketing company employees filmed performing sex acts on co-workers who missed targets Yahoo7 News - Wed, Feb 15, 2017 7:30 AM AEDT
    Marketing company employees filmed performing sex acts on co-workers who missed targets

    'Sham contracts' used to skirt basic employment entitlements.

  • Europe scrambles to lure London bankers AAP - Tue, Feb 14, 2017 12:01 PM AEDT

    The big question from London's bankers for a French delegation trying to lure them to Paris was, how much tax will I pay? "Most were interested in income tax and executive tax on pay," Gerard Mestrallet, president of France's finance industry lobby Europlace said after a recent roadshow. More than 80 representatives from banks and business have met with authorities from Paris who are highlighting the attractions of the French capital if Britain's exit from the European Union forces the relocation of some activities to continental Europe.

  • Major banks help lift Australian market AAP - Fri, Feb 10, 2017 11:09 AM AEDT

    The share market has gained ground thanks to strength among the big four banks, following Wall Street's rise to record levels. At 1036 AEDT on Friday, the benchmark S&P/ASX200 index was up 45 points, or 0.79 per cent, at 5709.6, while the broader All Ordinaries index had risen 43.4 points, or 0.76 per cent, to 5761.1. In futures trading, the SPI200 futures contract was up 45 points, or 0.8 per cent, at 5,655 points.

  • Shares end higher after mixed session AAP - Thu, Feb 9, 2017 5:10 PM AEDT

    The share market has edged higher as investors digested mixed earnings reports from the likes of miner Rio Tinto, investment manager AMP and AGL Energy. Falls by the big miners were offset by gains in ...

  • Miners weigh on Aust market gains AAP - Thu, Feb 9, 2017 10:58 AM AEDT

    A slip in the major miners is weighing on the Australian stock market as investors digest Rio Tinto's overnight profit result and investors bid up energy and industrial stocks. The benchmark S&P/ASX200 ...

  • Downer raises guidance as profit grows AAP - Thu, Feb 2, 2017 4:30 PM AEDT

    Downer EDI has lifted half year profit by 8.5 per cent as its shift to rail, transport services and technology sectors help offset the continuing decline in its core mining services business. Net profit in the six months to December 31 rose to to $78.2 million, while revenue edged 1.7 per cent higher to $3.6 billion. "The results are strong in earnings and cash flow and trading to date indicates the company will be able to improve earnings for the full year," chief executive Grant Fenn said.

  • Downer raises FY guidance on profit lift AAP - Thu, Feb 2, 2017 11:10 AM AEDT

    Downer EDI has lifted half-year profit by 8.5 per cent, as its shift to rail, transport services and technology sectors help offset the continuing decline in its core mining services business. Net profit for the six months to December 31 rose to to $78.2 million, while revenue edged 1.7 per cent higher to $3.6 billion. "The results are strong in earnings and cash flow and trading to-date indicates the company will be able to improve earnings for the full year," chief executive Grant Fenn said during an investor call.

  • Pakistan tightens screws on bin Laden doctor's family AFP - Thu, Feb 2, 2017 2:30 AM AEDT

    Peshawar (Pakistan) (AFP) - Pakistan has refused to grant identity cards to the family of Shakeel Afridi, the jailed doctor who helped the CIA hunt for Osama bin Laden, his lawyer said, effectively denying them passports and voting rights.

  • US private hiring surges to 246,000 in January: ADP AFP - Thu, Feb 2, 2017 1:18 AM AEDT

    Washington (AFP) - US private-sector hiring surged in January with gains across most industries and company sizes, in another sign the economic recovery is picking up steam, payroll services firm ADP reported Wednesday.

  • Origin H1 oil & gas revenue jumps AAP - Tue, Jan 31, 2017 11:04 AM AEDT
    Origin H1 oil & gas revenue jumps

    Origin Energy's half-year oil and gas revenue has more than doubled, thanks to a sharp lift in production from its Australia Pacific liquefied natural gas (APLNG) project in Queensland and higher prices. The energy producer and retailer reported sales of $973.9 million, up 123 per cent from a year ago. Production was up 51 per cent to 154.3 petajoules, helped by the ramp-up at APLNG, as well as the start of production from Halladale and Speculant in the Otway Basin in August.

  • US personal consumption inflation quickens in December AFP - Tue, Jan 31, 2017 2:36 AM AEDT

    Washington (AFP) - A key measure of US inflation posted its fastest annual gain in more than two years last month but remained shy of the central bank's target, the Commerce Department reported Monday.

  • Oscar buzz dead, China clips 'Hooligan Sparrow' wings AFP - Sun, Jan 29, 2017 1:39 PM AEDT

    Beijing (AFP) - Ye Haiyan, one of China's most prominent women's rights activists, huddled in her unheated apartment on the outskirts of Beijing, waiting to learn if the documentary that propelled her to international fame would receive an Oscar nod.

  • The world's cities: vital, but fragile AFP - Fri, Jan 20, 2017 11:09 PM AEDT

    Davos (Switzerland) (AFP) - They may be richer and more numerous than ever, but the world's urban dwellers can be forgiven a sense of dread as threats pile up from climate change, terrorism and anarchic growth.

  • US industrial production jumps in December AFP - Thu, Jan 19, 2017 1:34 AM AEDT

    Washington (AFP) - Industrial output jumped in December, retracing the decline in November, which was bigger than originally reported, with consumer goods and utilities leading the way, the Federal Reserve reported Wednesday.

  • Share market off to a positive start AAP - Thu, Jan 12, 2017 11:22 AM AEDT

    The share market is higher as investors continue to bet on gains, driving strength in the miners and banks. The benchmark S&P/ASX200 index was up 0.2 per cent after almost an hour of trade, with the gains ...

  • US jobless claims plunge, private hiring slows in December AFP - Fri, Jan 6, 2017 2:27 AM AEDT
    US jobless claims plunge, private hiring slows in December

    Washington (AFP) - US initial claims for unemployment insurance plunged in the final week of 2016, while private-sector firms hired at a slower pace in December, according to two reports Thursday.

  • Watchdog urges action to stop scammers AAP - Wed, Jan 4, 2017 6:50 AM AEDT
    Watchdog urges action to stop scammers

    The consumer watchdog wants Facebook and other companies to help thwart scammers. Romance scammers are increasingly using social media, mainly Facebook, to find victims instead of the traditional dating websites as a variety of scams continue to target Australians. The Australian Competition and Consumer Commission is looking at what it can do beyond educating consumers about scams, its deputy chair Delia Rickard said.

  • Scammers demanding gift cards or bitcoin AAP - Tue, Jan 3, 2017 10:35 AM AEDT
    Scammers demanding gift cards or bitcoin

    Scammers are demanding iTunes gift cards or the digital currency bitcoin as payment and using Facebook to trick Australians into handing over money. Sophisticated scammers keep changing their modus operandi and are hiding behind trusted brands such as government agencies, utilities and telecommunications companies, the Australian Competition and Consumer Commission says. "There's a lot of work being done in many quarters however you can't overestimate the number of scams that are flooding the country," ACCC deputy chair Delia Rickard told AAP.

  • Beware Optus phone bill scammers Yahoo7 Finance - Tue, Jan 3, 2017 10:01 AM AEDT
    Beware Optus phone bill scammers

    The scumbag email scams just keep coming.

  • Getaway cars crush cop's leg, police hunt drivers Yahoo7 and Agencies - Mon, Jan 2, 2017 2:22 PM AEDT
    Getaway cars crush cop's leg, police hunt drivers

    Sergeant struck by criminals after he interrupted a robbery at a Mitre-10.

  • Aust shares up as post-Xmas trade resumes AAP - Wed, Dec 28, 2016 10:59 AM AEDT

    Australian shares are forging higher as trade resumes after the two-day Christmas break, with retail stocks boosted by festive season sales and mining and energy players lifted by commodity price gains. Woolworths led a strong consumer discretionary sector with the supermarket giant lifting 2.6 per cent after announcing a deal to sell its petrol stations to oil major BP in a $1.8 billion deal. CommSec media manager and commentator Juliana Roadley said estimates from the Austraian Retailers Association of a three per cent lift in spending at the Boxing Day sales had helped retail stocks.

  • Saudi Arabia deficit persists but lower than expected AFP - Fri, Dec 23, 2016 4:45 AM AEDT
    Saudi Arabia deficit persists but lower than expected

    Riyadh (AFP) - OPEC kingpin Saudi Arabia on Thursday projected another budget deficit in 2017 but reported a less-than-expected shortfall for this year after cutbacks in the face of lower oil prices.

  • Aust stocks up on bargain hunting AAP - Wed, Dec 21, 2016 11:06 AM AEDT

    The Australian stock market has opened higher with bargain hunters looking for opportunities in equities as investors rotate away from bonds. The benchmark S&P/ASX 200 index was up 0.37 per cent within ...

  • Aust shares higher at noon AAP - Tue, Dec 20, 2016 12:37 PM AEDT

    The Australian share market is higher at noon, helped by gains in bank stocks, utilities and retail-focused shares. The benchmark S&P/ASX 200 index was up 0.6 per cent at 1200 AEDT despite minutes from ...

  • China vows more 'flexible' yuan, less property speculation AFP - Fri, Dec 16, 2016 11:46 PM AEDT
    China vows more 'flexible' yuan, less property speculation

    Beijing (AFP) - China ended a major annual economic meeting Friday with promises to liberalise investment in state-owned sectors, control real estate speculation and improve the "flexibility" of the yuan's exchange rate, as the country's economy shows signs of stabilisation.

  • Aust shares flat in early trade AAP - Fri, Dec 16, 2016 11:13 AM AEDT

    The Australian share market is trading largely unchanged in early trade, despite a positive lead from Wall Street, as investors look for clear direction after the previous session's losses. Overnight, US stocks rose, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a decade and signalled three rate hikes next year instead of the two expected by the market. In the local market, financial stocks were in focus with ANZ and NAB holding their annual general meetings on Friday.

  • N. Korea calls time on 200-day mass mobilisation AFP - Thu, Dec 15, 2016 8:22 PM AEDT
    N. Korea calls time on 200-day mass mobilisation

    Pyongyang (AFP) - North Korea on Thursday wrapped up a 200-day mass mobilisation campaign aimed at boosting an economy struggling with upgraded UN sanctions imposed after its two nuclear tests this year.

  • China says output, retail sales accelerate in November AFP - Tue, Dec 13, 2016 8:47 PM AEDT
    China says output, retail sales accelerate in November

    Beijing (AFP) - China's industrial output and retail sales growth both accelerated in November, government data showed Tuesday, in a sign of stabilisation for the world's second-largest economy.

  • Downer JV wins $450m Newcastle contract AAP - Mon, Dec 12, 2016 1:16 PM AEDT

    A joint venture between engineering group Downer EDI and France's Keolis has secured a 10-year contract to operate the integrated public transport system in Newcastle city, worth $450 million. The order is the first multi-modal transport system to be contracted to the private sector in Australia and will include network planning along with operation of the city's buses, ferries, light rail and interchanges. Keolis Downer already operates Yarra Trams in Melbourne and G:Link on the Gold Coast, and is also one of the country's bigger bus operators with operations in WA, SA and Queensland.

  • Trump picks fossil fuel ally to head environment agency AFP - Fri, Dec 9, 2016 1:21 AM AEDT
    Trump picks fossil fuel ally to head environment agency

    New York (AFP) - President-elect Donald Trump announced on Thursday he had tapped Oklahoma Attorney General Scott Pruitt, criticized as a climate change denier and a staunch fossil fuel ally, to head the Environmental Protection Agency.

  • Origin to spin off upstream assets AAP - Tue, Dec 6, 2016 10:49 AM AEDT
    Origin to spin off upstream assets

    Australia's largest gas and power retailer, Origin Energy, has outlined a scaled back version of its long-anticipated plan to split the company's major businesses. The company plans to divest its conventional upstream oil and gas portfolio through an initial public offering on the ASX, with the proceeds to be used to reduce the group's debt. The group will however retain its $26 billion Australia Pacific liquefied natural gas project in Queensland - which has stretched the company's finances amid a slide in prices.

  • Top best-selling vehicles in Australia revealed Yahoo7 Finance - Mon, Dec 5, 2016 3:55 PM AEDT
    Top best-selling vehicles in Australia revealed

    Unless you’re in the habit of checking the monthly new car sales statistics, you might be more than a little surprised to discover what our two top selling vehicles were in October and November.

  • Downer shares soar on NSW train contract AAP - Thu, Dec 1, 2016 6:02 PM AEDT
    Downer shares soar on NSW train contract

    A $1.7 billion contract to supply new passenger trains to the NSW government has pushed Downer EDI shares to a six-year high. The order from Transport for NSW includes the option for 45 additional sets of trains, as well as two five-year extensions for maintenance. Downer EDI shares closed 41 cents, or 7.2 per cent, higher on Thursday at $6.08, their highest level since May, 2010.

  • Downer wins $1.7bn Sydney trains order AAP - Thu, Dec 1, 2016 2:52 PM AEDT
    Downer wins $1.7bn Sydney trains order

    Engineering group Downer EDI has won a $1.7 billion contract from the NSW government to design and build 24 double-decker trains for Sydney and then maintain them for 25 years. The order from Transport for NSW includes the option for 45 additional sets of trains, as well as two five-year extensions for maintenance. Downer said its joint venture partner, China's CRRC Changchun Railway Vehicles Co, will manufacture the trains for Downer under sub-contract, while Downer itself will provide the maintenance support.