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AUBJ News

April Issue of The Canadian Business Journal Now Online

April 2nd, 2013

MISSISSAUGA, ONTARIO – George Media Inc. is pleased to announce the April issue of The Canadian Business Journal is now available online at www.cbj.ca. Click on the cover to enter the magazine. This edition’s cover story deals with business innovation through the eyes of Microsoft Canada... Read More

April Issue of the International Resource Journal Now Online

March 25th, 2013

LONDON, UNITED KINGDOM – George Media Inc. is pleased to announce that the April issue of The International Resource Journal is now available online at www.internationalresourcejournal.com. Click on the magazine cover to enter the publication. Renewable energy is the star of this issue and an ... Read More

March Issue of The Canadian Business Journal Now Online

March 4th, 2013

MISSISSAUGA, ONTARIO – George Media Inc. is pleased to announce the March issue of The Canadian Business Journal is now available online at http://www.cbj.ca/EMAG/2013/Mar/CBJ.php. This edition’s cover story focuses on the negative financial impact gridlock is having on some of our large... Read More

March Issue of the International Resource Journal Now Online

February 27th, 2013

LONDON, UNITED KINGDOM – George Media Inc. is pleased to announce the March issue of The International Resource Journal is now available online at www.internationalresourcejournal.com/E-MAG/2013/Mar/IRJ.php. Taking Rio Tinto’s $3 billion write-down on its Mozambique coal assets as a star... Read More

February Issue of The Canadian Business Journal Now Online

February 4th, 2013

MISSISSAUGA, ONTARIO - George Media Inc. is pleased to announce the February issue of The Canadian Business Journal is now available online at http://www.cbj.ca/EMAG/2013/Feb/CBJ.php. This edition focuses on the progression of the public-private partnership business model in Canada and how it has im... Read More

February Issue of the International Resource Journal Now Online

January 30th, 2013

LONDON, UNITED KINGDOM - George Media Inc. is pleased to announce the February issue of The International Resource Journal is now available online at www.internationalresourcejournal.com/E-MAG/2013/Feb/IRJ.php. This edition looks at the emerging mining super power of Latin America and considers the ... Read More

Australian banks in good health, says RBA

September 25th, 2012

AuBJ – 25 September – The Reserve Bank of Australia (RBA) has confirmed the good health of Australia’s banks and said the financial system is resilient to outside shocks. However, it also warned banks they should not take this opportunity to to lower lending standards in order to boost profits... Read More

BHP halts operations after worker dies

September 24th, 2012

AuBJ – 24 September – BHP Billiton, the world’s largest mining company, has put its Pinto Valley copper business on hold after a contract worker was fatally injured. A statement published to the miner’s website today says the incident is under investigation. Operations at the Pinto Valley bu... Read More

Retailers need rate cut to survive: investor

September 21st, 2012

AuBJ – 21 September – The Reserve Bank of Australia (RBA) must cut interest rates before Christmas to ensure retailers can stay in business and keep their staff, said retail brand owner Premier Investments today. This call was made despite a 32 per cent rise in annual profit for Premier, who own... Read More

Lehman Brothers bank found liable for losses

September 21st, 2012

AuBJ – 21 September – Investment bank Lehman Brothers has been found liable for losing millions of client’s dollars by advising them to invest in risky investments that failed. A group of 72 parties sued the bank for $248 million for breaching contracts and fiduciary duties, and engaging in mi... Read More

RBA pays dividend after posting $1bn profit

September 20th, 2012

AuBJ – 20 September – The Reserve Bank of Australia (RBA) has paid the federal government a $500 million dividend after posting its first profit in years. The RBA recorded an accounting profit of $1 billion in the 12 months to 30 June, following a loss of almost $5 billion in 2011. Yet its under... Read More

David Jones profit plummets 40 per cent

September 19th, 2012

AuBJ – 19 September – Australian department store chain David Jones’ annual profit has fallen 40 per cent, providing further proof the retail sector is suffering as shoppers remain reluctant to spend. The retailer’s net profit for the 2011/12 financial year was $101.1 million, down from $168... Read More

Cattle exports still suffering after 2011’s ban

September 18th, 2012

AuBJ – 18 September – Recent statistics show that Western Australia’s cattle industry is still struggling after last year’s furore over live exports to Indonesia. WA has exported fewer than 120,000 animals this year – less than half the number sold in 2011. The situation began when the Ind... Read More

Mining at risk unless policy changes

September 17th, 2012

AuBJ – 17 September – High costs and increased sovereign risk are damaging the competitiveness of domestic mining in Australia, according to a report. Minerals Council of Australia chief executive Mitchell Hooke says Australia’s policies must change if it is to compete with emerging resource n... Read More

MRRT causes spate of coal mining job losses

September 14th, 2012

AuBJ – 14 September – Following announcements on Monday that Xstrata Coal and BHP Billiton are collectively axing 900 workers, Brazilian miner Vale is following suit. The Sydney Morning Herald reports that Vale’s decision to lay-off workers at its coal operations was due to a rise in the MRRT ... Read More

Australia lacks competitiveness, says report

September 5th, 2012

AuBJ – 5 September – For the second year in a row Australia has ranked 20th in the World Economic Forum’s international productivity league table, just below South Korea and Saudi Arabia. The report cites restrictive labour laws as the main limiting factor, with government regulation, sloppy b... Read More