Iron ore price threat looms for budget
GE eyes scrapping annual raise in nod to shifting priorities
Touching sacred cows: Jeff Immelt, the chief executive of General Electric. Photo: Brendon Thorne General Electric is the laboratory of corporate management. So when the US manufacturing giant says it's rethinking a bedrock tradition of corporate life - the annual raise - you can bet that C-suites around the world will be watching closely.GE executives are reviewing whether annual updates to compensation are the best response to the achievements and needs of ..>> view originalOne of the world's largest Solar PV-diesel hybrid power systems fully operational in outback WA mine
One of the world's largest Solar PV-diesel hybrid power systems fully operational in outback WA mine Updated June 08, 2016 14:17:48 One of the world's largest off-grid Solar PV projects has been successfully commissioned at a copper and gold mine in Western Australia.The diesel-hybrid system is providing seven megawatts of power. That will ramp up to 10 MW at full-functioning capacity during the summer months.The solar array has been installed at the DeGrussa Mine, owne..>> view originalIkea gears up for Aus expansion
Oil Search CEO Peter Botten 'confident' on InterOil deal approval
InterOil's Elk-Antelope gas fields are at the heart of ASX-listed Oil Search's takeover ambitions. Photo: Stephanie Kelly Oil Search chief executive Peter Botten maintains he is "quietly confident" his $US2.2 billion ($2.96 billion)-plus takeover deal for Papua New Guinea rival InterOil will get the green light from the US-listed target's shareholders, but says it will be a "24-7-type exercise" to make sure it gets through.In his first words to the media sinc..>> view originalClive Palmer denies being summoned to court over Queensland Nickel
Embattled businessman Clive Palmer has flatly denied he has been served an order to appear in the federal court next week to answer questions about the collapse of the Queensland Nickel refinery. Palmer is scheduled to front the court in Brisbane on Tuesday, along with nephew and fellow Queensland Nickel director Clive Mensink, after the court granted a request by liquidators FTI Consulting to question him. The liquidators claim there is evidence Palmer acted as a shadow director and used Queen..>> view originalATO's tax estimate for Radhika Oswal may have been out by $154 million
Video will begin in 5 seconds. 300 charges laid against Cootes Since a fatal crash in Mona Vale last October, the trucking company Cootes could be banned from NSW roads within weeks. Nine News. PT0M0S 620 349 You don't mess with a vegan, even if you are the almighty Australian Taxation Office. For those who have been spared the unseemly debacle that is Pankaj and Radhika Oswal's adventures with ammonia producer, Burrup Fertiliser, one of the big sideshows concerned a $186,321..>> view originalRate rigging: ASIC gives flurry of punches, but no knockout blow
Rate rigging: ASIC gives flurry of punches, but no knockout blow Posted June 08, 2016 15:23:48 NAB is now the third major bank to find itself in the Federal Court over alleged interest rate rigging, after the Australian Securities and Investments Commission launched action late on Tuesday.The corporate regulator has already started proceedings against ANZ and Westpac.ASIC said NAB was involved in "unconscionable conduct and market manipulation" in helping to set the B..>> view originalConsumers crack it over egg shortage
Three big wins for consumers1:11Liberal MP Kelly O'Dwyer says the government is please to announce the new labelling for country of origin as well as details on egg cartons regarding free range eggs and a full review of the consumer laws. (AAP VIDEO/Adrian Muscat) Eggs were nowhere to be seen in this Coles supermarket in Hawthorn, Victoria. Picture: Twitter/@B1indsideIT’S enough to get egg lovers in a flap. Australia has been hit with an egg shortage and it’s left consumers scrambling for suppl..>> view originalInvestors are finally backing off
AFTER years of domination across several metropolitan markets, investors are backing out of residential real estate according to new figures out on Wednesday.In its latest monthly Housing Finance report, the Australian Bureau of Statistics (ABS) has shown there was a significant 5 per cent dip in investment housing loans. The total value of investor finance now comes to $11.291 billion. At the same time the value of owner-occupier loans came to $20.702 million.First-home buyers became more domin..>> view original
Wednesday, June 8, 2016
Iron ore price threat looms for budget and other top stories.
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