Breaking Post » Business http://www.breakingpost.com What's on the Web Mon, 21 May 2012 13:00:15 +0000 en hourly 1 Qantas cuts 500 heavy maintenance jobs to save $100m http://www.breakingpost.com/news/qantas-cuts-500-heavy-maintenance-jobs-to-save-100m/ http://www.breakingpost.com/news/qantas-cuts-500-heavy-maintenance-jobs-to-save-100m/#comments Mon, 21 May 2012 13:00:15 +0000 Staff http://www.breakingpost.com/news/qantas-cuts-500-heavy-maintenance-jobs-to-save-100m/ QANTAS has confirmed it will cut 500 engineering jobs and close its Boeing 737 heavy maintenance base at Tullamarine.

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]]> http://www.breakingpost.com/news/qantas-cuts-500-heavy-maintenance-jobs-to-save-100m/feed/ 0 May shares rout puts super at risk of negative performance in 2011-12 http://www.breakingpost.com/news/may-shares-rout-puts-super-at-risk-of-negative-performance-in-2011-12/ http://www.breakingpost.com/news/may-shares-rout-puts-super-at-risk-of-negative-performance-in-2011-12/#comments Mon, 21 May 2012 12:00:35 +0000 Staff http://www.breakingpost.com/news/may-shares-rout-puts-super-at-risk-of-negative-performance-in-2011-12/ AUSTRALIAN superannuation fund members are now at risk of seeing their balances go backwards for the third successive financial year, following the 7.5 per cent downward lurch that has wracked global sharemarkets since May 1.

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]]> http://www.breakingpost.com/news/may-shares-rout-puts-super-at-risk-of-negative-performance-in-2011-12/feed/ 0 KordaMentha named administrator for Retravision Southern http://www.breakingpost.com/news/kordamentha-named-administrator-for-retravision-southern/ http://www.breakingpost.com/news/kordamentha-named-administrator-for-retravision-southern/#comments Mon, 21 May 2012 11:00:13 +0000 Staff http://www.breakingpost.com/news/kordamentha-named-administrator-for-retravision-southern/ ELECTRICAL goods franchisor Retravision Southern has been placed into administration, just three days after admitting it was having difficulty paying suppliers.

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]]> http://www.breakingpost.com/news/kordamentha-named-administrator-for-retravision-southern/feed/ 0 Australia risks squandering its advantages in resources, Asia: Mike Smith http://www.breakingpost.com/news/australia-risks-squandering-its-advantages-in-resources-asia-mike-smith/ http://www.breakingpost.com/news/australia-risks-squandering-its-advantages-in-resources-asia-mike-smith/#comments Fri, 18 May 2012 13:00:28 +0000 Staff http://www.breakingpost.com/news/australia-risks-squandering-its-advantages-in-resources-asia-mike-smith/ THE nation risks losing its first-mover advantage in the Asian century unless it embraces serious economic reform, ANZ Bank chief executive Mike Smith said.

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]]> http://www.breakingpost.com/news/australia-risks-squandering-its-advantages-in-resources-asia-mike-smith/feed/ 0 Australian sharemarket dives to 7-month low, dollar fetches US98.16c http://www.breakingpost.com/news/australian-sharemarket-dives-to-7-month-low-dollar-fetches-us98-16c/ http://www.breakingpost.com/news/australian-sharemarket-dives-to-7-month-low-dollar-fetches-us98-16c/#comments Fri, 18 May 2012 12:00:49 +0000 Staff http://www.breakingpost.com/news/australian-sharemarket-dives-to-7-month-low-dollar-fetches-us98-16c/ AUSTRALIA’S sharemarket lost nearly $30bn today, wiping out all this year’s gains as a savage sell-off carried the bourse to a seven-month low.

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]]> http://www.breakingpost.com/news/australian-sharemarket-dives-to-7-month-low-dollar-fetches-us98-16c/feed/ 0 Centro in $690 million shopping deal with Stan Perron http://www.breakingpost.com/news/centro-in-690-million-shopping-deal-with-stan-perron/ http://www.breakingpost.com/news/centro-in-690-million-shopping-deal-with-stan-perron/#comments Thu, 17 May 2012 13:00:04 +0000 Staff http://www.breakingpost.com/news/centro-in-690-million-shopping-deal-with-stan-perron/ SHOPPING centre owner Centro Retail Australia has offloaded 50 per cent shares in three of its top-line shopping centres to Perth-based billionaire Stan Perron for $690 million.

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]]> http://www.breakingpost.com/news/centro-in-690-million-shopping-deal-with-stan-perron/feed/ 0 European crisis will force more RBA rate cuts, says McKibbin http://www.breakingpost.com/news/european-crisis-will-force-more-rba-rate-cuts-says-mckibbin/ http://www.breakingpost.com/news/european-crisis-will-force-more-rba-rate-cuts-says-mckibbin/#comments Thu, 17 May 2012 12:00:36 +0000 Staff http://www.breakingpost.com/news/european-crisis-will-force-more-rba-rate-cuts-says-mckibbin/ EUROPE’S worsening debt crisis will force Australia’s government to scrap plans to reverse on a budget deficit and deliver a surplus, an influential former board member of the Reserve Bank of Australia said today.

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]]> http://www.breakingpost.com/news/european-crisis-will-force-more-rba-rate-cuts-says-mckibbin/feed/ 0 Miners lead sharemarket plunge, dollar falls below US99c to five-month low http://www.breakingpost.com/news/miners-lead-sharemarket-plunge-dollar-falls-below-us99c-to-five-month-low/ http://www.breakingpost.com/news/miners-lead-sharemarket-plunge-dollar-falls-below-us99c-to-five-month-low/#comments Wed, 16 May 2012 13:00:41 +0000 Staff http://www.breakingpost.com/news/miners-lead-sharemarket-plunge-dollar-falls-below-us99c-to-five-month-low/ AUSTRALIAN shares suffered their worst drop this year as fear gripped global markets amid escalating financial and political turmoil in Greece.

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]]> http://www.breakingpost.com/news/miners-lead-sharemarket-plunge-dollar-falls-below-us99c-to-five-month-low/feed/ 0 BHP Billiton chairman Jacques Nasser pulls plans for $80bn spend on growth projects http://www.breakingpost.com/news/bhp-billiton-chairman-jacques-nasser-pulls-plans-for-80bn-spend-on-growth-projects/ http://www.breakingpost.com/news/bhp-billiton-chairman-jacques-nasser-pulls-plans-for-80bn-spend-on-growth-projects/#comments Wed, 16 May 2012 12:00:21 +0000 Staff http://www.breakingpost.com/news/bhp-billiton-chairman-jacques-nasser-pulls-plans-for-80bn-spend-on-growth-projects/ BHP Billiton will not spend a planned $80 billion on growth projects, the chairman of the world’s biggest miner said today.

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]]> http://www.breakingpost.com/news/bhp-billiton-chairman-jacques-nasser-pulls-plans-for-80bn-spend-on-growth-projects/feed/ 0 Pipeline Partners bids $1.25bn for Hastings Diversified http://www.breakingpost.com/news/pipeline-partners-bids-1-25bn-for-hastings-diversified/ http://www.breakingpost.com/news/pipeline-partners-bids-1-25bn-for-hastings-diversified/#comments Tue, 15 May 2012 11:00:49 +0000 Staff http://www.breakingpost.com/news/pipeline-partners-bids-1-25bn-for-hastings-diversified/ PIPELINE Partners Australia, a consortium including Canada’s Caisse de Depot et Placement du Quebec and Utilities Trust of Australia, has bid $1.25 billion for energy infrastructure investment firm Hastings Diversified Utilities Fund.

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