Business

Friday, May 24th, 2013

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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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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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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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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

ASX falls further mid-session

Local bourse deeply in the red on second consecutive day of broad-based selling. 11:09 am

WA Business

Apex hires PCF for Wiluna sale

Apex Minerals says it has hired corporate advisory firm PCF Capital Group to market and sell its Wiluna gold mine. 41 minutes ago

OTOC jumps on Nauru contract May 24, 2013, 7:32 am
Engineering firm axes 150 jobs May 24, 2013, 7:31 am
Farm group criticises aid criteria May 24, 2013, 7:30 am
Hedland crusher on scrapheap May 24, 2013, 7:28 am

National

Australia economy strong despite end to Ford production: PM

SYDNEY (AFP) - Australian Prime Minister Julia Gillard moved to allay fears about the economy on Friday saying it had strong fundamentals, after US carmaker… 11 minutes ago

PM rules out raising tariffs 36 minutes ago
Apex hires PCF for Wiluna sale 41 minutes ago
Vic premier sees light for Geelong May 24, 2013, 11:34 am
CFMEU Vic blockades in contempt of court May 24, 2013, 11:29 am

World

Japan's Nikkei turns positive in volatile trade

TOKYO (Reuters) - Japan's Nikkei stock average turned positive in a volatile session on Friday afternoon after the previous session's 7.3 percent plunge. 1 hour, 12 minutes ago

Australia economy strong despite end to Ford production: PM 11 minutes ago
EADS offers $2.0 bln sweetener for S.Korea jet deal 1 hour, 38 minutes ago
US panel rejects Motorola bid to block Xbox imports 1 hour, 41 minutes ago
BOJ Kuroda vows to calm JGBs, guide economy to recovery May 24, 2013, 11:33 am

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