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  • The tough choice Australia has to make about coal

    1 November 2017 8:44 AM 78

    A NEW report has highlighted why Australia needs to change but is this precarious outlook enough to make the country alter its course? The latest United Nation’s Emissions Gap Report 2017 sets out the importance of preventing further investment in coal if global temperatures are to be kept below the target of 2C. Greenhouse gas emissions are already

  • Sydney property market outperformed by Melbourne and Hobart, national housing report finds

    31 October 2017 11:44 PM 36

    Sydney has joined Perth and Darwin as the only capital cities to experience a drop in housing prices in the past three months, a national house price report has found. But when looking at the national housing market as a whole, growth conditions were flat in October, according to CoreLogic's home value index. Its report also noted the national market

  • Aussies upbeat on their finances

    31 October 2017 1:01 PM 47

    Share price gains for energy producers, property developers and supermarket giant Woolworths have been outweighed by weakness among the banks and miners. Woolworths has achieved its fourth straight quarter of stronger sales growth than its major rival Coles, and achieved improved sales at Big W. Apple's Tim Cook and Facebook's Mark Zuckerberg met Chinese

  • RAMS founder charged over $30m tax fraud

    31 October 2017 9:00 AM 47

    RAMS Home Loans founder John Kinghorn has been charged with dodging more than $30 million in tax, and could face up to a decade in jail if found guilty. Australian Federal Police allege the multi-millionaire retired Sydney businessman fraudulently concealed his beneficial ownership and control of corporate entities. The 76-year-old was charged after

  • AFP charges RAMS Home Loans founder John Kinghorn with fraud

    31 October 2017 12:14 AM 53

    The founder of RAMS Home Loans, John Kinghorn, 76, has been charged with fraud offences after allegedly avoiding taxes worth more than $30 million. The Australian Federal Police alleges he fraudulently concealed his beneficial ownership and control of corporate entities. He has been charged with dishonestly influencing a Commonwealth public official

  • Party’s Over? Chinese Markets Battered After Bout of Artificial Calm

    30 October 2017 9:34 AM 45

    Beijing stage-managed artificial calm in the country’s stock markets during last week’s Communist Party congress SHANGHAI—Chinese markets suffered a broad selloff Monday, losing some of the shine they maintained during last week’s major congress of the Communist Party. The country’s $9 trillion bond market led the losses. Benchmark government bond prices

  • Analysts See $-1.61 EPS for California Resources Corp (CRC)

    28 October 2017 8:27 PM 106

    Investors sentiment is 0.2 in Q2 2017. Its the same as in 2017Q1. It has no change, as 3 investors sold California Resources Corp shares while 2 reduced holdings. only 1 funds opened positions while 0 raised stakes. 197,169 shares or 1.32% less from 199,813 shares in 2017Q1 were reported. Analysts await California Resources Corp (NYSE:CRC) to report

  • Fuel leak at Altona Mobil refinery

    28 October 2017 5:13 AM 44

    Hundreds of litres of fuel have leaked from the Altona Mobil Refinery in Melbourne's west on Saturday. Firefighters were called to the refinery at the corner of Millers and Kororoit Creek roads after the leak was detected about 11.30am. MFB spokeswoman Heather Stockton said the spill was under control when firefighters arrived. "We had reports of about

  • Vetr Inc. Downgraded Fiat Chrysler Automobiles NV (FCAU) to Buy

    28 October 2017 5:01 AM 53

    Vetr downgraded shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) from a strong-buy rating to a buy rating in a research report report published on Monday morning. Vetr currently has $6.85 target price on the stock. FCAU has been the topic of several other reports. Zacks Investment Research cut shares of Fiat Chrysler Automobiles NV from a hold rating

  • Saputo Dairy buys Murray Goulburn

    27 October 2017 7:20 AM 49

    Murray Goulburn Co-operative will sell all of its operating assets and operating liabilities to Saputo Dairy Australia for $1.31 billion. This transaction includes MG milk supply commitments for active MG suppliers totalling $114 million, enabling a step up of $0.40 per kilogram milk solids (kgMS) to $5.60 per kgMS for the FY18 FMP for milk supplied