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05/20/2012
Hedge Funds Rebuild Bearish Euro Bets for Greek Exit Banks Weigh - Bloomberg
Globe and Mail
Bloomberg
The euro has weathered the worst financial crisis since the Great Depression, bailouts of Greece, Ireland and Portugal, and falling interest rates. Now, investors are betting like never before that a Greek exit would be too much to keep the 17-nation ...
Prime Minister David Cameron in Greece eurozone warning
Europe Needs a Genuine Financial Union
Greece exit may hit dollar
05/19/2012
World leaders back Greece in bid to end crisis - ABC Online
CTV.ca
ABC Online
World leaders backed keeping Greece in the eurozone and vowed to take all steps necessary to combat financial turmoil while revitalising a global economy increasingly threatened by Europe's debt crisis. A summit of the G8 leading industrialised nations ...
Hollande to press Merkel over German veto on eurobonds
G8 leaders seek growth and urge Greece to keep euro
Obama puts G8 focus on growth
05/20/2012
ASIC hunts webscam spinners - Sydney Morning Herald
Sydney Morning Herald
Quick action by Bank of Queensland's internal security team appears to have saved some investors from losing thousands of dollars in yet another online trading scam. Insider understands that the bank froze the account of Dellingworth Contract Service ...
05/20/2012
Retail spending slowing, outlook unclear - NEWS.com.au
NEWS.com.au
NEWS.com.au
RETAIL spending rose for the ninth straight month in April but it is unclear whether the outlook is favourable. The Commonwealth Bank (CBA) Business Sales Indicator (BSI) rose by 0.5 per cent in trend terms in April, after a 0.8 per cent gain in March.
Consumers are still watching their wallets when it comes to spending
Preview of next week's economic data
05/20/2012
James Hardie posts $613m FY net profit but warns on soft housing market - The Australian
The Australian
BUILDING products-maker James Hardie Industries posted a significantly improved full-year profit on the back of a favourable ruling in a long-running tax dispute. James Hardie posted a net profit of $US604.3 million ($613.16 million) for the year to ...
James Hardie 4Q Operating Profit US$32.1M; Down 4% On Year
James Hardie returns to full-year profit
05/20/2012
'Workers comp to cause job losses' - NEWS.com.au
BigPond News
NEWS.com.au
A BUSINESS group says almost 13000 jobs will be lost if workers compensation premiums are allowed to increase by 28 per cent. But unions say the prediction of job losses is based on a false premise. Reform of the compensation scheme will be the focus ...
Workers comp to cause job losses
High cost of workers comp
WorkCover reforms to cost jobs in NSW
05/20/2012
South Australia 'needs a new name' - NEWS.com.au
NEWS.com.au
SOUTH Australia needs a new name and the public should choose it, the state's peak business group says. The State Government has committed to rebranding our international image, but Business SA chief executive Peter Vaughan wants to take the make-over ...
Radelaide? South Australia 'needs a new name'
Businesses reassess invesment in South Australia
05/20/2012
Australia 'not immune' from crisis - Warwick Daily News
Bloomberg
Warwick Daily News
AUSTRALIA is not immune to the volatility in the global economy, which is likely to continue, says Treasurer Wayne Swan. In his weekly economic note, Mr Swan wrote that "bouts of volatility" were likely to continue on the back of problems in Greece and ...
Australian Budget Prices Contracting Euro Economy, Swan Says
Queensland back Rudd over Gillard
The price of debt is too heavy to bear
05/20/2012
Qantas set to close heavy maintenance base - Business Spectator
NEWS.com.au
Business Spectator
Qantas is set to announce the closure of its heavy maintenance base at Melbourne's Tullamarine Airport, along with the shedding of over 500 jobs, in an effort to streamline operations, according to a report in The Australian. The closure will result in ...
More than 400 jobs to go at Qantas
Qantas to axe 400 jobs
Qantas to cut more than 400 jobs
05/20/2012
Rio Pilbara expansion may be delayed - Business Spectator
Business Spectator
Rio Tinto chief, Tom Albanese, has revealed that rising development costs in Australia and calls for shareholders to receive more returns, could lead to a slowdown in the company's plans for expansion in the Pilbara region, according to a report in The ...
Source: The Australian
Vale Loses to Australia as Mine Laws Curb Market Share
Queensland scraps coal terminal expansion: report