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Christmas spending up to $7.9 billion this year, with majority of shoppers going out this weekend

TheAUBJ–13 December–More than four million consumers are set to do the bulk of their Christmas shopping this weekend, according to new research from Commonwealth Bank. While businesses are anticipating a spending rush in the final few days before Christmas, according to a Commonwealth Ba... Read More

ACT Government calls on Federal Parliament to end marriage inequality

TheAUBJ–12 December–The ACT Government has urged the Federal Government to ensure equality for all Australians, after a disappointing outcome in the High Court, which ruled today that the Marriage Equality (Same Sex) Act 2013 is invalid, Attorney-General, Simon Corbell, said. Mr Corbel... Read More

GM ceases production in Australia, says business model “not viable”

TheAUBJ–12 Dec–As part of its ongoing actions to decisively address the performance of its global operations, General Motors today announced it would transition to a national sales company in Australia and New Zealand. The company also said it would discontinue vehicle and engine manufac... Read More

Australian uranium mine suffers radioactive acid spill

TheAUBJ – 9 Dec – A leach tank at Energy Resources Australia’s (ASX: ERA) Ranger Uranium Mine in the Northern Territory sprung a leak and and spilled mud, water, ore and radioactive acid over the weekend. No personnel were injured and the company said it had contained the spill. ERA general m... Read More

The world mourns the passing of Nelson Mandela.

TheAUBJ–7 December–The Hon. Tony Abbott MP Prime Minister released the following statement. The world mourns the passing of Nelson Mandela. Nelson Mandela will forever be remembered as more than a political leader, he was a moral leader. He spent much of his life standing against the inj... Read More

“The Australian international market is the toughest anywhere in the world,” says Quantas CEO as it cuts 1,000 jobs.

TheAUBJ—Dec 6—Quantas Group announced plans to cut over 1,000 jobs in response to “fundamentally changed market conditions”. The outlook for the second half of FY14 remains volatile and, given the uncertainty in global economic conditions, fuel prices and foreign exchange rates, it is not po... Read More

Australian economy shows slight growth

TheAUBJ–5 December–Latest Australian Bureau of Statistics (ABS) figures show that GDP, in seasonally adjusted volume terms, grew 0.6 per cent in the September quarter 2013. Growth for the quarter was driven by a 0.7 per cent contribution from Net Exports and a 0.4 per cent contribution f... Read More

Kaldor brings larger-than-life art to Sydney

TheAUBJ—3 December–Three major new artworks by Kaldor Public Art Projects will delight Sydneysiders over the next three years. The City of Sydney will support the Kaldor Foundation – known for attracting major overseas artists to create large-scale, groundbreaking art projects around Aust... Read More

Pact Group named one of Australia’s Most Innovative Companies by BRW

TheAUBJ–1 December– Pact Group named one of Australia’s Most Innovative Companies by BRW. The Awards measure “change that adds value” within organisations. Pact’s nomination was for its internal Reward and Recognition; Applause. Applause is designed to promote work place integrat... Read More

Property Index Cools in November

AuBJ – 2 Dec. – Capital city home prices lost momentum in November compared with recent months, but nonetheless there was still a slight increase during the 30-day period. After months of strong gains in several big cities, the average across the eight capital cities was a monthly gain of 0.1... Read More

Watkins Resigns as GrainCorp CEO

AuBJ – 2 Dec. – GrainCorp CEO Alison Watkins has handed in her resignation just days after Federal Treasurer Joe Hockey vetoed a $3.4 billion takeover bid for the company by US agribusiness leader Archer Daniels Midland. Watkins will stay on until the end of January during a succession period ... Read More

GrainCorp reacts to “extremely disappointing” takeover ruling

TheAUBJ—29 November–GrainCorp notes the announcement made today by Australian Federal Treasurer the Hon Joe Hockey MP that he has made an order under the Foreign Acquisition & Takeovers Act prohibiting Archer Daniels Midland Company’s (“ADM”) acquisition of GrainCorp. GrainCorp’s... Read More

Rio Tinto unveils breakthrough pathway for iron ore expansion in Australia

TheAUBJ—28 November–Rio Tinto has set out its breakthrough plan to optimise the growth of its world-class iron ore business in Western Australia. Mine production capacity will rapidly increase towards 360 million tonnes a year (Mt/a) at a significantly lower capital cost per tonne than origi... Read More

BHP Billiton invests heavily to expand iron ore export

TheAUBJ–25 November–BHP Billiton has approved US$301 million in execution capital (BHP Billiton share) to replace two shiploaders at our Nelson Point port operations in Port Hedland. The two new shiploaders will increase the reliability of our inner harbour port facilities.  Each shiplo... Read More

SEEK co-founder crowned Australia’s top entrepreneur for 2013

SEEK co-founder crowned Australia’s top entrepreneur for 2013 Andrew Bassat, Chief Executive Officer and co-founder of pioneering online job marketplace SEEK, is the 2013 Australian EY Entrepreneur Of The YearTM, taking out the top accolade ahead of 27 other national finalists at a gala awards cer... Read More

Australia’s Middle Island remains focused on acquiring Niger gold mine

TheAUBJ–20 November–The acquisition of a majority interest in the Samira Hill gold mine and mill in Niger remains a priority and is being pursued, according to the Australian owner of the highly prospective gold exploration permits surrounding the mine, Perth-based Middle Island Resource... Read More