AS Mir came crashing to the earth on Friday afternoon the Australian dollar seemed to pick up on its trajectory and plummeted to an all time low of 48.86 cents against the US dollar earlier this week.
AS Mir came crashing to the earth on Friday afternoon the Australian dollar seemed to pick up on its trajectory and plummeted to an all time low of 48.86 cents against the US dollar earlier this week.
The federal government has stalled a decision on the Royal Dutch Shell $10 billion takeover bid for managing the North West Shelf gas project partner while it considers the impact the decision could have on the ailing Australian dollar.
The Australian Share-market is performing at levels not see since the crash of 1987 despite a fair performance within the context of international markets.
Bankshares hit a five-month low this week in response to offshore instit-utional spending, regulatory fears and concern about the lending outlook.
Despite the bankshares’ poor performance the Australian Bank-ers’ Association has announced a banking policy to help it’s most needy customers
Five million disadvantaged Austra-lians will be offered fee-free bank accounts under new bank social conscience guidelines.
Dr Gallop unveiled WA’s newest community bank branch of Bendigo Bank in North Perth.
The premier said the opening of the bank sent a clear signal to the big banks that local communities would not stand by and watch their banking services disappear.
The government’s $14,000 grant for first home builders has created significant work for some developers in WA despite concerns the increased grant and further interest rate cuts will not be enough to help the ailing building industry this financial year.
State Revenue is prosecuting a number of people in WA who have applied for the first home owners grant despite failing to meet eligibility requirements. Two cases have already gone to court with about 40 more cases pending.
Minister Assisting the Treasurer Nick Griffiths said that while the majority of applicants are applying for the grant honestly some people believe it is acceptable to try to rort the system.
The sale of Cable and Wireless Optus to Singaporean Telecommunications has ended an ongoing bidding war for Australia’s second biggest carrier. The deal worth $20 billion has been greeted with concern that SingTel has paid too much for the telecomm-unications company.
Confirmation of the takeover bid pushed SingTel shares down to their lowest level since mid 1988 amidst investor concerns the market would not be able to absorb a glut of unwanted SingTel shares that could be dumped by accepting Optus shareholders.
Business will be eagerly awaiting the announcement of February’s new vehicle registrations and the January’s building approval rates tomorrow as industries try to gauge the effect of the global economic slow down on the local market.
Despite fairly gloomy reports from many business sectors the Fremantle Port’s container trade reports business is continuing to grow with volumes for the eight months to February almost 27 per cent higher than the same period last year.
Minister for Planning and Infra-structure Alannah MacTiernan claimed the results were due in part to strong growth in new vehicle imports. And containerised trans-shipment cargo.
Titan Resources NL has announced it’s carrying out scientific trials with its propriety BioHeap bacterial leaching technology for one of the world’s leading nickel producers Inco Limited of Canada.
BioHeap’s potential is further enhanced by its low environmental impact, the process produces mini-mal greenhouse gas emissions and results in a clean residue.
Local company Allied Mining and Processing plans further medical technology opportunities while continuing to develop new opportunities for its mobile mineral processing plant following the announcement of an inaugural profit for the first half to December 31.
The profit result reflects the first revenue and cash flow from the mobile plant which was successfully commissioned in august last year at the RAV nickel sulphide project.
Mineral exploration company IPT Systems Ltd is working to relist on the Australian Stock Exchange following an announce-ment that its board has agreed to restructure its relationship with e-commerce subsidiary MTIC Corp-orate Ltd and terminate MTIC’s receivership and administration.
IPT Managing Director Peter Thomas said the Board was com-mitted to reinstating the company’s shares to trading on the ASX ending a three-month hiatus which he described as very damaging for both investors and the company.
Good news for the often struggling rural sector with a predictions the recovery of the wool industry in sustainable.
The infamous wool stockpile has diminished to fewer than 400,000 bales and wool sales have increased by 45 per cent in three months with not predicted to peak until 2003.
Another good piece of news for the rural sector, the ongoing Foot and Mouth epidemic in Europe has created an opportunity for Australian beef exporters to increase exports to the European Union.
The federal government has stalled a decision on the Royal Dutch Shell $10 billion takeover bid for managing the North West Shelf gas project partner while it considers the impact the decision could have on the ailing Australian dollar.
The Australian Share-market is performing at levels not see since the crash of 1987 despite a fair performance within the context of international markets.
Bankshares hit a five-month low this week in response to offshore instit-utional spending, regulatory fears and concern about the lending outlook.
Despite the bankshares’ poor performance the Australian Bank-ers’ Association has announced a banking policy to help it’s most needy customers
Five million disadvantaged Austra-lians will be offered fee-free bank accounts under new bank social conscience guidelines.
Dr Gallop unveiled WA’s newest community bank branch of Bendigo Bank in North Perth.
The premier said the opening of the bank sent a clear signal to the big banks that local communities would not stand by and watch their banking services disappear.
The government’s $14,000 grant for first home builders has created significant work for some developers in WA despite concerns the increased grant and further interest rate cuts will not be enough to help the ailing building industry this financial year.
State Revenue is prosecuting a number of people in WA who have applied for the first home owners grant despite failing to meet eligibility requirements. Two cases have already gone to court with about 40 more cases pending.
Minister Assisting the Treasurer Nick Griffiths said that while the majority of applicants are applying for the grant honestly some people believe it is acceptable to try to rort the system.
The sale of Cable and Wireless Optus to Singaporean Telecommunications has ended an ongoing bidding war for Australia’s second biggest carrier. The deal worth $20 billion has been greeted with concern that SingTel has paid too much for the telecomm-unications company.
Confirmation of the takeover bid pushed SingTel shares down to their lowest level since mid 1988 amidst investor concerns the market would not be able to absorb a glut of unwanted SingTel shares that could be dumped by accepting Optus shareholders.
Business will be eagerly awaiting the announcement of February’s new vehicle registrations and the January’s building approval rates tomorrow as industries try to gauge the effect of the global economic slow down on the local market.
Despite fairly gloomy reports from many business sectors the Fremantle Port’s container trade reports business is continuing to grow with volumes for the eight months to February almost 27 per cent higher than the same period last year.
Minister for Planning and Infra-structure Alannah MacTiernan claimed the results were due in part to strong growth in new vehicle imports. And containerised trans-shipment cargo.
Titan Resources NL has announced it’s carrying out scientific trials with its propriety BioHeap bacterial leaching technology for one of the world’s leading nickel producers Inco Limited of Canada.
BioHeap’s potential is further enhanced by its low environmental impact, the process produces mini-mal greenhouse gas emissions and results in a clean residue.
Local company Allied Mining and Processing plans further medical technology opportunities while continuing to develop new opportunities for its mobile mineral processing plant following the announcement of an inaugural profit for the first half to December 31.
The profit result reflects the first revenue and cash flow from the mobile plant which was successfully commissioned in august last year at the RAV nickel sulphide project.
Mineral exploration company IPT Systems Ltd is working to relist on the Australian Stock Exchange following an announce-ment that its board has agreed to restructure its relationship with e-commerce subsidiary MTIC Corp-orate Ltd and terminate MTIC’s receivership and administration.
IPT Managing Director Peter Thomas said the Board was com-mitted to reinstating the company’s shares to trading on the ASX ending a three-month hiatus which he described as very damaging for both investors and the company.
Good news for the often struggling rural sector with a predictions the recovery of the wool industry in sustainable.
The infamous wool stockpile has diminished to fewer than 400,000 bales and wool sales have increased by 45 per cent in three months with not predicted to peak until 2003.
Another good piece of news for the rural sector, the ongoing Foot and Mouth epidemic in Europe has created an opportunity for Australian beef exporters to increase exports to the European Union.