Business

Friday, May 24th, 2013

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FLNG fears grow

Chairman of committee inquiring into floating LNG expresses fears for proliferation of technology.

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Ord sugar deal closer

State Govt on verge of announcing next step in deal that clears way for Chinese investment in Kimberley.

Farm group criticises aid criteria

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iiNet defends its valuation

CFO David Buckingham defends ISP's lofty valuation after shares in the company plunged yesterday.

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UN sees weak recovery

World economy should begin weak recovery this year but the United Nations says Japan faces 'risks'.

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Maccas faces its critics

McDonald's has again faced criticism that it is a purveyor of junk food that markets to children.

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PM rules out raising tariffs

Julia Gillard won't lifts tariffs to protect Australia's struggling manufacturing sector. 01:29 pm

Related:: Costs also hurting Holden

Retailers call on govt to lift game

Retailers want Feds to cut taxes, red-tape and instill confidence to help boost sector. 11:04 am

AACo posts $46.5m loss

Beef cattle producer blames suspension of live exports and lower rainfall. 10:32 am

Apex hires PCF for Wiluna sale

Corporate advisory firm PCF Capital Group hired to market and sell Wiluna gold mine. 01:23 pm

Market falls heavily again

Aussie sharemarket falls for fourth straight session as bearish sentiment grows. 02:15 pm

WA Business

Pollies spooked by FLNG proliferation

Both major WA political parties fear Shell's Prelude floating liquefied natural gas project will trigger a departure from onshore processing, slashing state… May 24, 2013, 2:18 pm

WestBusiness stock listings May 24, 2013, 3:30 pm
Apex hires PCF for Wiluna sale May 24, 2013, 1:23 pm
OTOC jumps on Nauru contract May 24, 2013, 7:32 am
Engineering firm axes 150 jobs May 24, 2013, 7:31 am

National

Domestic flights less full in March

Government figures show Australia's domestic airlines were a little less full in March, with the growth in extra seats outpacing demand. 1 hour, 46 minutes ago

ASIC appeals Storm class action settlement May 24, 2013, 6:20 pm
Govts want 'generous' Ford contribution May 24, 2013, 5:14 pm
Vic premier sees light for Geelong May 24, 2013, 4:35 pm
WestBusiness stock listings May 24, 2013, 3:30 pm

World

Default should be option for eurozone nations: Bundesbank

PARIS (AFP) - The head of the German central Bundesbank Jens Weidmann said on Friday that eurozone countries should be able to default, a possibility which… 28 minutes ago

Germany must 'spread cost of energy shift fairly' 35 minutes ago
Eurozone sees bank union progress by June 36 minutes ago
India's Jet Airways shareholders approve Etihad deal 53 minutes ago
Italian firms tap debt market as bank lending dries up 1 hour, 23 minutes ago

Technology

Google, Facebook in talks to buy Waze for $1bn

Google is considering buying Israeli mobile satellite navigation start-up Waze for $1bn, which may lead to a bidding war with Facebook. May 24, 2013, 9:08 am