Murray Goulburn board needs to answer why it ignored lower global milk prices for so long: Opinion
Murray Goulburn board needs to answer why it ignored lower global milk prices for so long: Opinion Updated May 02, 2016 16:09:42 The board of Australia's largest dairy processor faces two weeks of gruelling meetings with farmer suppliers, to explain what went wrong with its strategy.Last week, the cooperative downgraded its profit outlook to half the value forecast in the prospectus a year ago, and slashed milk payments to farmers.Managing Director Gary Helou, along wit..>> view originalArrium: Interest-free loan program launched for businesses hit by steelmaker's administration
Arrium: Interest-free loan program launched for businesses hit by steelmaker's administration Updated May 02, 2016 17:59:26 A $10 million program offering interest-free loans of up to $750,000 will be available to South Australian businesses experiencing cash-flow problems due to Arrium entering administration.The steelmaker went into administration last month with a debt of about $4 billion and the Whyalla steelworks running at a loss.Treasurer Tom Koutsantonis has ann..>> view originalBitcoin founder revealed as Australian Craig Wright
Craig Wright was confirmed as Bitcoin founder on Monday. Youtube Sydney-man Craig Wright has outed himself as the founder of the controversial virtual currency bitcoin.The scientist, inventor and academic went public on Monday as the man who developed and launched bitcoin, the electronic payment network which allows people to pay each other directly over the internet without the need for a bank, and the blockchain, a decentralised database of e..>> view originalState of the States report: WA economy was 'always going to deteriorate', Mike Nahan says
State of the States report: WA economy was 'always going to deteriorate', Mike Nahan says Updated May 02, 2016 14:56:45 Treasurer Mike Nahan has played down another fall in Western Australia's State of the States ranking, as the end of the mining boom continues to undermine the state's economy. Key points:WA falls to sixth-best performing economy in AustraliaLittle to separate bottom three economies, CommSec saysWA was always going to slip, Treasurer Mike Nahan says T..>> view originalTelstra to spend $50m to prevent ongoing mobile network failures
Telstra to spend $50m to prevent ongoing mobile network failures Posted May 02, 2016 13:54:00 Telstra will spend an additional $50 million on its mobile network in a bid to prevent ongoing outages that have left the giant telco red-faced and its customers fuming. Key points:Three outages had different causes but outcomes were similar$25 million will be spent on adding more capacity to the core network and nodesOther $25 million will be used to get a better early warn..>> view originalInclude South Yarra station in Metro Rail plans, urges opposition
Video will begin in 5 seconds. Melbourne Metro Rail project: flyover The $10.9 billion Melbourne Metro Rail tunnel is designed to relieve City Loop congestion in the CBD. PT1M42S 620 349 A federal budget injection of more than $850 million for the Melbourne Metro Rail tunnel should go towards building an underground station at South Yarra, Victoria's Opposition says. The Melbourne Metro will pass just metres beneath South Yarra station but will not connect with it, even thou..>> view originalAustralian house prices jump in April, after stalling in March
Australian house prices jump in April, after stalling in March Posted May 02, 2016 10:51:45 Capital city home values bounced back last month, led by solid results in Sydney, Brisbane and Adelaide.Figures from CoreLogic RP Data show home values rose by 1.7 per cent across the combined capitals, taking annual growth to 7.3 per cent.That comes after a 0.2 per cent increase in March, and a 0.5 per cent rise in February.Sydney led the price gains in April, with a 2.4 per c..>> view originalWestpac slide keeps ASX in the red
Westpac's results sent its share price down 3.5 per cent to $29.95. Photo: James Davies Australian shares fell back on Monday after a poor earnings result from Westpac weighed on banking stocks, offsetting gains in Telstra and resources stocks.The market almost rebounded from heavy early losses to record a gain for the day but ultimately the benchmark S&P/ASX200 dropped 0.2 per cent to 5243.0 while the broader All Ordinaries dropped 0.1 per cent to 5312.0.Com..>> view original
Monday, May 2, 2016
Murray Goulburn board needs to answer why it ignored lower global milk prices for so long: Opinion and other top stories.
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