MACQUARIE GROUP'S profit will return above the $1 billion-mark this year but
its shares slumped after an earnings update fell short of expectations,
suggesting the investment bank was failing fully to catch the recovery in the
global economy. Its chief executive, Nicholas Moore, said
Workers at the $12 billion project went on strike for eight days in late
January after objecting to the introduction of an employee accommodation scheme
known as motelling. Under the scheme, workers are moved to a different
self-contained unit, or donga, whenever they are flown in
By Hiroko Komiya Greek teachers, hospital workers and tax collectors plan to
strike for 24 hours tomorrow as 600,000 public workers oppose Prime Minister
George Papandreou ’s plan to freeze wages and reduce benefits. Private-sector
employees will follow Feb. 24. “Europe’s fiscal
Around 1200 Alcoa alumina and bauxite workers in Western Australia plan to
stage industrial actions on Thursday over stalled wages talks, but Alcoa said
it was not expecting production losses. The Australian Workers Union have not
revealed what type of actions its members would take but a
Map: Broken Hill 2880 The report says costs which have decreased this quarter
include, raw materials, fuel, freight, feed and wages. The Economic Performance
Indicator for agribusinesses in the far west has risen 0.7 since September,
however, the region's performance is still below
Will it have an impact on the Australian economy ? The Reserve Bank is wary,
but says China will be more important to the health of our economy. China's
January economic update will be out this week. No significant change is
expected, but the figures will highlight the vast
Click to enlarge photo Some 50,000 people from across Portugal demonstrated in
the city centre to demand a 4.5-percent wage increase across the public sector,
unions said. "This protest is about showing that workers are unhappy. These
50,000 people came to tell the
Federal Treasurer Wayne Swan has welcomed stronger economic forecasts from the
Reserve Bank but warned there is still no room for complacency. The Reserve
Bank of Australia (RBA) on Friday modestly upgraded its core inflation
forecasts for this year and next, ahead of an expected
The yen rallied against all of the most-traded currencies yesterday on
speculation investors will reduce carry trades, in which they buy riskier
assets with amounts borrowed in nations with low interest rates. The euro fell
to its lowest level versus the dollar since May even after European
The shared currency fell as much as 3.8 percent against the yen even after
European Central Bank President Jean-Claude Trichet said he’s confident Greece
can get its budget deficit under control and signaled officials have no plans
to raise their key interest rate from a record low of 1
MACQUARIE GROUP'S profit will return above the $1 billion-mark this year but
its shares slumped after an earnings update fell short of expectations,
suggesting the investment bank was failing fully to catch the recovery in the
global economy. Its chief executive, Nicholas Moore, said
