ASX ignores Turkey, closes eighth session up
Shares largely ignored any geopolitical risk generated by the failed military coup in Turkey and climbed for the eighth consecutive trading session on Monday.The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each rose 0.5 per cent, to 5458.5 points and to 5538.9, respectively. Australian shares shook off any geopolitical concerns from a failed military coup in Turkey. Consumer discretionary stocks led the bourse, with JB Hi-Fi and Domino's Pizza climbing 2.7 per cent ..>> view originalNT could help avert energy crisis-Giles
By Neda Vanovac - AAP on July 18, 2016, 3:45 pm The Northern Territory government's talk of a national energy summit has been branded a pre-election distraction by the Labor opposition.Chief Minister Adam Giles has called for the summit and said that a second gas pipeline running from the NT to South Australia, and a third connecting the NT to WA, could help alleviate national energy pressures.This comes on top of an $800 million gas pipeline currently in the works to run ga..>> view originalArrium Whyalla workers facing pay cuts
Arrium workers in South Australia have been asked to take a 15 per cent pay cut to help save the plant.The Australian Workers Union has entered discussions with administrators KordaMentha, who are looking to cut labour costs across the Whyalla mining and steelworks operations by up to $30 million.AWU branch secretary Peter Lamps says workers have been told the proposed pay cut would be permanent, unlike temporary cuts offered prior to Arrium entering administration. "I would suspect when you st..>> view originalHome loan arrears edging higher
The number of housing loans with payments overdue crept up further in May, giving weight to concerns about potential problems emerging for banks if the economy gets into trouble.The latest rise was only small, with 1.14 per cent of loans in arrears, compared to 1.07 per cent in April, according to new data from S&P Global Ratings on Monday. Warning bells as arrears continue to edge higher Photo: Arsineh Houspian And, although it was the seventh rise in a row, that would not normally be a..>> view originalFears hundreds of workers were exposed to asbestos at Perth Children's Hospital
Hundreds of workers at the Perth Children's Hospital have signed an asbestos register and more are expected to sign in the coming days with fears mounting many could have been exposed to the toxic material.Workers were covered in a white substance after drilling into roof panels last Monday but the area was not isolated for 24 hours, with tests later confirming the dust was asbestos. Asbestos was discovered during ongoing works at the new Perth Children's Hospital. Photo: James Mooney I..>> view originalWill this ad fix Telstra's network?
The Magic of Technology - Telstra's new advert1:30Telstra's new advert on the magic of technology. "Fueled by imagination, the magic of technology creates infinite possibilities, helping every one of us to truly thrive" Telstra says it’s shifting from telco to techno. Picture: YouTubeWITH Telstruggle taking the mantle from Vodafail as Australia’s most unreliable telco, will a new advertising campaign change customers’ minds?That’s the idea, with Telstra this weekend launching its first major br..>> view originalFederal Government orders two Australian cattle exporters to stop supplying to Vietnam
Federal Government orders two Australian cattle exporters to stop supplying to Vietnam Posted July 18, 2016 17:31:35 The live export industry's peak lobby group says a recent decision to sanction two Australian live export companies is a "serious exercising of the Department of Agriculture's livestock export oversight and control powers".The Department of Agriculture and Water Resources is currently investigating allegations of mistreatment and abuse of Australian cat..>> view originalExxonMobil trumps Oil Search's offer for Papua New Guinea's InterOil
InterOil's Elk-Antelope gas fields are at the heart of the intensifying takeover tussle in Papua New Guinea. Stephanie Kelly Oil Search is expected to give up on its $US2.2 billion ($2.9 billion) takeover ambitions for InterOil, conceding defeat to ExxonMobil whose rival acquisition of the Papua New Guinea gas explorer will in any case be to its benefit.Exxon trumped Oil Search with a $US2.48 billion bid for InterOil on Monday, and while Oil Se..>> view originaltunnelling signals change of gear for WestConnex construction
Tunnelling machines have begun their long and controversial journey underneath Sydney's inner west, signalling the start of one the most challenging parts of the $16.8 billion WestConnex motorway project.With Sydney's population forecast to balloon by 1 million people during the next decade, the Baird government is pinning its hopes on WestConnex playing a major role in untangling knots of traffic throughout the city. More News Videos Previous slide Next slide WestConne..>> view original'Bloated' Yahoo may face job cuts
Yahoo! may have a new owner before long. Whoever emerges victorious from the months-long bidding battle will face the difficult task of whittling down a company burdened by one of the the highest cost structures in its corner of the technology sector.Once the go-to gateway to the internet, Yahoo got fat over the years as it navigated the rapidly changing industry in a sprawling effort to be all things to all people - from search to shopping to news outlet to blogging hub. Spending ballooned on ..>> view original
Friday, July 22, 2016
ASX ignores Turkey, closes eighth session up and other top stories.
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