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Car dealers get $2bn lifeline

Sydney :: Australia | about 8 hours ago | Business News

Source: Adelaide Now

Wayne Swan says it has struck a $2 billion deal to prevent the financial collapse of the car sales industry. Car dealers facing closure because of the credit crunch as a result of the global financial crisis will now be...

6 news stories / 7 blog posts / 17 images / 1 video / 0 voices

Pledge to find spot for all ABC kids

Sydney :: Australia | about 10 hours ago | Political News

Source: The Daily Telegraph

Mr Honey said he would also details plans for ABC centre staff jobs next week. "I am pleased to report that, together with the Government, we are working positively towards securing a childcare place for every ABC child next year...

5 news stories / 0 blog posts / 5 images / 3 videos / 0 voices

Eurozone future inflation gauge hits 33 month low

Sydney :: Australia | about 3 hours ago | Business News

Source: The Irish Times

The New York-based Economic Cycle Research Institute said its Eurozone Future Inflation Gauge, which aims to predict cyclical turns in inflation in the next six to nine months, fell to a 33-month low in October to 101.9 from 105.3 in...

2 news stories / 4 blog posts / 2 images / 0 videos / 0 voices

Inmate charged over alleged drug ring

Sydney :: Australia | about 10 hours ago | No category

Source: Australian Broadcasting Corporation

After more than two hours of questioning by detectives from the Middle Eastern Organised Crime Squad, 29-year-old Bussam Hamzy has been formally charged. Those include 11 counts of suppling a prohibited drug, two counts of dealing in the proceeds of...

3 news stories / 0 blog posts / 0 images / 5 videos / 0 voices

Drought forces Australian state to purchase water

Sydney :: Australia | about 7 hours ago | Technology News

Source: Lexington Herald-Leader

Australia's driest state has been forced to purchase water for the first time to ensure adequate supplies in the midst of a drought, a government official said Friday. Karlene Maywald, state water security minister, said South Australia has purchased 61...

2 news stories / 1 blog post / 1 image / 0 videos / 0 voices

B&B extends lifeline to boost asset sale

Sydney :: Australia | about 11 hours ago | Business News

Source: The Age

B&B announced on Thursday a $150 million loan and the suspension of financial conditions on existing debt till January 9. A Citi analyst said in a note to clients that this was so B&B could sell its own assets to...

2 news stories / 0 blog posts / 0 images / 0 videos / 0 voices

Construction activity 'declines further'

Sydney :: Australia | about 13 hours ago | Business News

Source: Sydney Morning Herald

Housing Industry Association performance of construction index (PCI) fell 4.4 index points in November to 32 points. It was the second steepest monthly fall since the survey began in September 2005 and the ninth straight month the index has been...

2 news stories / 4 blog posts / 7 images / 2 videos / 0 voices

Politicians may have to take breath test

Sydney :: Australia | about 14 hours ago | Political News

Posted by apriljieh11

CANBERRA (Reuters) – Politicians in Australia's most populous state could be breath-tested for alcohol before voting on laws after a series of late-night incidents that have embarrassed the center-left government. New South Wales state lawmaker Andrew Fraser resigned from his...

2 news stories / 3 blog posts / 6 images / 2 videos / 2 voices

Senators cross floor on Communications Fund

Sydney :: Australia | about 18 hours ago | Political News

Source: The Daily Telegraph

Alan Eggleston and Alan Ferguson - crossed the floor in the Senate early today, in defiance of the Coalition. Yesterday, the Coalition won an amendment in the Senate to prevent the Government transferring money from the CF to its proposed...

5 news stories / 0 blog posts / 1 image / 0 videos / 0 voices

Australian staff feel Macquarie axe

Sydney :: Australia | 1 day ago | Business News

Source: The Age

Group yesterday pushed ahead with its latest rounds of job cuts, with more than 100 staff across its Australian investment banking arm shown the door. The cuts, in Melbourne and Sydney, follow Macquarie job cuts throughout its global operations, including...

11 news stories / 3 blog posts / 6 images / 6 videos / 0 voices