Malcolm Turnbull urged: Don't be random in decision making, improve links with China
Australia and China should negotiate a comprehensive investment agreement clearly outlining which sectors are off limits to ward off repeated high-profile and diplomatically damaging rejections as seen with the blocked Ausgrid and Kidman bids, according to a new joint economic study.The recommendation is made in the new 300-page Australia-China Joint Economic Report – the product of a year-long collaboration between high-level officials, government advisers and economists from the two countrie..>> view originalOrora shares surge as profit soars
Orora shares surged more than 10 per cent after the packaging company lifted full-year profit by 28.3 per cent and predicted increased earnings for the year ahead.Net profit for the 12 months to June 30 was to $168.6 million, up from $131.4 million a year earlier, boosted by organic growth, acquisitions in North America and the sale of land at Petrie in Queensland.Orora said economic conditions were subdued and some costs were higher in Australia.But the company's Australasian business generated..>> view originalNewcrest's Cadia to emerge as the country's biggest gold mine
Less than three years after developing the giant Cadia mine at a cost of $2 billion, its owner Newcrest is finalising plans that could boost output by more than a quarter.In the process, the project will top the Boddington mine in Western Australia as Australia's biggest gold producer. Newcrest is looking at a big lift in gold output at its Cadia mine, NSW. Photo: Rob Homer Newcrest is still running the numbers on a planned upgrade of the Cadia mine, near Orange in NSW , but it is ex..>> view originalCBA chief Ian Narev receives $12.3m in pay
Commonwealth Bank chief Ian Narev's total pay swelled to $12.3 million last financial year, after he received multimillion-dollar share bonuses for the bank's performance in previous years.CBA's annual report on Monday showed the total remuneration for Mr Narev lifted by more than 50 per cent, from $8 million a year earlier. More Business Videos Previous slide Next slide CBA profit hits $9.45b, for now JP Sears: The humorous healer How to insult our ..>> view originalSantos takes $US1.5b write-down on value of GLNG project
The GLNG venture shipped its first cargo from Gladstone last year. Santos has advised of a further $US1.5 billion write-down on the value of its new GLNG gas export project in Queensland in a move that has fuelled expectations the plant will have to be run at well below full capacity for many years.The impairment, which chairman Peter Coates said reflects "the reality of the current oil price environment", also means Santos will almost certainly plunge..>> view originalCBA faces margin squeeze, rising capital needs
Vimy Resources uranium mine east of Kalgoorlie given environmental approval
Vimy Resources uranium mine east of Kalgoorlie given environmental approval Updated August 15, 2016 16:39:00 A new uranium mine in Western Australia's Goldfields has been recommended for approval by the state's environmental watchdog, just weeks after a similar proposal in the area was knocked back.The Environmental Protection Authority [EPA] granted the approval for Vimy Resources' Mulga Rock uranium project, which is 240 kilometres east-north-east of Kalgoorlie, subje..>> view originalASX climbs as profit season propels record highs
The Australian sharemarket overcame an early wobble and some heavy falls in mining stocks to record modest gains on Monday, after NAB's quarterly update triggered buying in the banks and some solid earnings reports helped push the likes of JB Hi-Fi and Orora to all-time highs.The S&P/ASX 200 index closed 9 points or 0.2 per cent higher to 5540, while the broader All Ordinaries index climbed 7 points to 5633.8. The biggest impetus for Monday's gains on the ASX were the major lenders. Ther..>> view originalATO's top five list of 'dodgiest' deductions claimed at tax time
The ATO says despite its repeated warnings that it will crack down on work-related travel and rental deductions at tax time, it's still been getting "dodgy" claims.Here's some of the claims the ATO has rejected since people lodged after June 30. More News Videos Previous slide Next slide ATO: Get your deductions right Melbourne's Southland to get a new railway station Raiders of the lost orchestra Close friend jailed over Sylvia's death ..>> view originalAnsell shares aroused by potential condom business sale
There was nothing coy about the proposition being made to the financial markets on Monday by condom maker Ansell.It is looking to sell the business that has put a smile on the face of Australians for more than 100 years: Condoms. More System Videos Previous slide Next slide A new condom HGH in the underworld The Macquarie Marshes Opera in the bush Walking for happiness Parrot Preschool LIVE: Question Time ..>> view original
Wednesday, August 17, 2016
Malcolm Turnbull urged: Don't be random in decision making, improve links with China and other top stories.
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