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ACT triple-A credit rating secure, for now

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

ACT's triple-A credit rating appears to be secure, after a decision to delay a budget surplus for at least two years.The ACT Government says it will try to achieve a surplus by 2015-16, two years later ...

Premier begins budget pitch

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Tasmania's Premier has faced criticism of her second state budget which forecasts a rough few years ahead.Lara Giddings, who is also Treasurer, is selling her budget at meetings at functions around the ...

Qantas ‘pocketing $100m’ in excess card fees

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Consumer advocacy group Choice says Qantas is charging $100 million in excess credit card fees every year.Choice head of campaigns Matt Levey says the airline is charging consumers millions of dollars ...

City dwellers fare better than country cousins

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

A report has found people who live in the city fare better in terms of health, education, employment and wealth than their rural counterparts.Roy Morgan researchers also found in their nationwide survey ...

Gas hub protestors blocking road

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Two women aged in their sixties have locked themselves inside a van and are blocking the road to the proposed gas hub, north of Broome.The women have parked their van across Manari Road and are the latest ...

Some St Hilliers building sites reopen

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Four building sites run by St Hilliers have been reopened, as the company continues to hold talks with administrators.The construction arm of the company went into voluntary administration earlier this ...

Libs oppose Forestry Tasmania bailout

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

The Tasmanian Opposition is opposing a bailout for Forestry Tasmania announced in yesterday's budget.The government business will get $110 million over four years to keep it solvent, after a downturn in ...

Holden to export rebadged Commodores

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Carmaker Holden will resume sales of the Commodore to North America from late next year.The cars will be manufactured north of Adelaide at Holden's Elizabeth plant and will be exported as Chevrolet SS ...

Vote counting begins for BMA enterprise agreement

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Electoral officials have started counting the votes on a proposed enterprise agreement for workers at BMA's coal mines in central Queensland.About 3,500 Bowen Basin workers are employed under BMA's enterprise ...

MP urges road train bullbar fines review

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Western Queensland MP Vaughan Johnson has asked the State Government to investigate why road train drivers have been fined for what he says are minor breaches over bullbars.Mr Johnson, the Member for Gregory, ...

Forest industry returns to peace talks

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

The Forest Industries Association of Tasmania is returning to the forest peace deal negotiations.The association pulled out of talks earlier this year, accusing some environmental groups of waging campaigns ...

Aust stocks sink to lowest level this year

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Australian stocks have sunk to their lowest level this year as investors begin to panic over the crisis in Europe after reports of a run on Spanish banks.Europe's main stock markets tumbled and the euro ...

Some Retravision stores having cash flow problems

Posted on 18 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

The owners of Victorian Retravision stores will meet this morning to discuss cash-flow problems in the Retravision group.It is believed some stores are facing financial difficulties.Employees have been ...

PanAust expects years of production growth

Posted on 17 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Laos-focused miner PanAust expects production to rise in the coming years after an upgrade of its flagship copper mine.PanAust is upgrading its Phu Kham mine to increase recovery rates of copper and gold, ...

Downsize plan casts doubt on Olympic Dam

Posted on 17 May 2012 by Australian Business & World Finance News - Yahoo!7 Finance

Federal and State politicians have downplayed doubts over the future of the Olympic Dam mine expansion after BHP Billiton announced plans to downsize its capital works program.Earthmoving equipment is ...




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