Business

Thursday, June 20th, 2013

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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

$33b wiped off bourse as bad news out of China and the US spooks investors. 10:53 am

Related:: Aussie dollar dives; Chinese slowdown; Stimulus 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:: Govt nod for gas hub acquisition

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

ANZ jobs to go overseas, union says

Union says ANZ will move Melbourne call centre overseas and sack 600 staff. 12:58 pm

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. 1 hour, 29 minutes ago

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

Manufacturing sector sees rare improvement

A falling Australian dollar has improved sentiment in the manufacturing sector. 1 hour, 26 minutes ago

ANZ should keep jobs in Australia: union 36 minutes ago
Fortescue miss targets for iron ore, sale 50 minutes ago
$A does little to deter Asian travellers 51 minutes ago
Reed hammered to all-time low 1 hour, 29 minutes ago

World

China manufacturing at nine-month low in June

BEIJING (AFP) - China's manufacturing activity shrank again in June, HSBC said on Thursday, hitting a nine-month low and adding to concerns about the strength… 10 minutes ago

Dreamliner battery maker ties up with Germany's Bosch June 20, 2013, 11:24 am
China factory activity hits nine-month low, policy action eyed June 20, 2013, 10:18 am
Dolce and Gabbana sentenced to jail for tax dodge June 20, 2013, 8:22 am
Analysis - Sprint should raise Clearwire bid to avoid Dish tension June 20, 2013, 7:17 am

Technology

Sony eyeing spin-off plan from 'all sorts of angles'

TOKYO (AFP) - The head of Sony told shareholders on Thursday the company's board was studying from "all sorts of angles" a proposed plan to spin off part of… 15 minutes ago