Business

Thursday, June 20th, 2013

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ANZ to send jobs to NZ

Union says ANZ will move Melbourne call centre overseas and sack 600 staff.

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$102k slap for iiNet ad

ISP becomes first ASX-listed company to cop penalty for misleading ad under Australian Consumer Law.

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Stimulus wind-up flagged

US Fed boss Ben Bernanke foreshadows slowing of central bank's bond-buying program later this year.

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Skyscraper sale 'too low'

Raine Square's $458m record price tag was 'massively under value' says developer.

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Fight over logging quotas

One of WA's biggest timber mills set close and sack half its workers. | Millions lost in timber thefts

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Forrest backs the arts

Mining billionaire urges people to hold their nerve and maintain support for the arts.

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ASX hit by double whammy

$25b wiped off bourse as bad news out of China and the US spooks investors. 10:53 am

Related:: Dollar dives; China slows; US wind-back

Verve failed checks on botched upgrade

Premier reveals Muja AB boiler pipes weren't inspected resulting in cost blowout. 12:24 pm

Related:: Gas hub acquisition; Challenge to gas bill

Seven decides to retain Coates Hire

Seven Group and Carlyle Group scrap plans to sell their jointly-owned hire business. 03:12 pm

FMG slumps on output slide

Rain forces iron ore miner to revise down its annual production guidance by 2mt. 11:25 am

Emeco dives on profit downgrade

Mining equipment supplier downgrades profit outlook for second time in two months. 10:24 am

Related:: Forge in line for $US221m contract

WA Business

Reed hammered to all-time low

Shares in gold producer Reed Resources were hammered in early trade today following an update on its Meekatharra gold operations. June 20, 2013, 12:05 pm

FMG slumps on output slide June 20, 2013, 11:25 am
Carles drops bid to sue Satterley June 20, 2013, 11:21 am
iiNet slugged $100k for misleading ad June 20, 2013, 10:56 am
Greenbushes mill blames logging quotas for cuts June 20, 2013, 10:27 am

National

Seven decides to retain Coates Hire

Seven Group Holdings and US private equity company Carlyle Group have scrapped plans to sell their jointly owned Coates Hire business. June 20, 2013, 3:12 pm

$A dealt a triple blow this week June 20, 2013, 3:51 pm
$A falls to 2.5year low after Fed comments June 20, 2013, 3:17 pm
No date to resume NBN work: Thodey June 20, 2013, 3:01 pm
Aust bonds weaken after Fed comments June 20, 2013, 2:58 pm

World

Exclusive - British investors step back from executive pay battle

By Joel Dimmock LONDON (Reuters) - Investors in Britain's largest companies have rowed back on the protests over pay which most readily… 23 minutes ago

BASF rules out co-CEO taking top job at Linde 31 minutes ago
European shares dive, gold drops on Fed policy 1 hour, 10 minutes ago
UK considers 10-20 percent price cut for medicines 1 hour, 12 minutes ago
Swiss central bank to keep 1.20 euros forex cap 1 hour, 22 minutes ago

Technology

Hacking threat and tougher data laws promise insurance boom

By Chris Vellacott LONDON (Reuters) - For European insurers frustrated that "cyber crime" policies have so far failed to find a ready… 1 hour, 33 minutes ago