Tagged: ABC

ASX 200 posts record run of gains

By Anita Savage Telstra ended down more than 1 per cent at $6. 59 while Qantas also lost ground, closing at $2. 49. Virgin Australia rose 2. 25 per cent after reporting an increased...

Internationally renowned architect calls for Canberra to become ‘cycling capital’

Photo: Jan Gehl said that Lake Burley Griffin felt too distant from the Canberra city centre. Internationally renowned urban planner Jan Gehl has called on the ACT Government to turn Canberra into the cycling...

Queensland Labor Party reassures business community over government transition

A Queensland Labor government would work closely with the business community to help expand the economy and create more jobs, the party’s state secretary has said. However some in the business sector have expressed...

Weak growth and jobs forecasts behind RBA rate cut

By Michael Janda The bank expected unemployment to start declining as economic growth returns to above average next year, but its central forecast was for the jobless rate to remain stuck above 6 per...

Home builders gloomy despite record construction activity

By Simon Frazer Private research indicates Australia‘s construction sector continued to shrink last month, despite continuing record levels of home building. The Australian Industry Group/Housing Industry Association Performance of Construction Index improved by 1....

News Corp profit falls as Australian newspaper revenues decline

By Michael Janda Earnings in this area of the company fell 15 per cent due to lower advertising revenues in the UK and in one of its key US businesses, but News Corp said...

Wall St gains on oil price rebound

By Simon Frazer Brent crude added 5 per cent to $US56. 86 a barrel, and Tapis crude in Singapore rose to $US58. 97 a barrel. Hospira stocks jumped more than 35 per cent on...

Strong banking sector results help lift share market

Commonwealth closed up almost 3 per cent at $93. 27 cents a share. Westpac rose about 0. 5 per cent while ANZ and National Australia Bank put on more than 1 per cent. NAB...

Tabcorp profits jump as investors pocket the winnings

By Stephen Letts A one-off tax benefit of $31. 5 million boosted the bottom line, although underlying profit rose 22 per cent to $90. 9 million thanks to strong earnings from Melbourne’s spring racing...