BP defends bight oil drill plan
By Georgie Moore - AAP on April 28, 2016, 5:24 pm BP has defended its plan to drill in the Great Australian Bight, telling a Senate inquiry in Adelaide the world still needs oil.But the petroleum giant has conceded there's nothing it can do to appease "philosophically opposed" green groups, while confirming it would take up to 35 days to cap any spill."The world continues to need oil and gas and will continue to do so for the foreseeable future," BP Developments Australia managing director ..>> view originalTasmanian power crisis: Turnbull stumps up for study of $1bn duplicate cable
The tear in the 12-centimetre-thick Basslink cable that has sent Tasmania into an electricity emergency. Supplied by Ben Potter Tasmania's unprecedented power crisis has prompted the Turnbull government and the Tasmanian government to back a feasibility study into a $1 billion duplicate high voltage cable to the mainland's reliable coal fired power.The island state is suffering electricity shortages because the ex..>> view originalBehind the next ANZ trader allegations
Sacked ANZ trader Etienne Alexiou is claiming the bank acted unethically in markets. Photo: Louie Douvis When is a trade a legitimate attempt to protect the bank from interest rate risk and when is it blatant market manipulation? It's a debate that is at the heart of Westpac and ANZ Banking Group's defence against the corporate watchdog's lawsuit that has accused them of manipulating the bank bill rate to favour their trading positions.But it's also central ..>> view originalGetting ready for an RBA v ScoMo showdown
Comment Video will begin in 5 seconds. Budget v RBA on Super Tuesday Comment: With the RBA board meeting and the Budget on the same day this year, Michael Pascoe considers the potential policy conflict. PT2M13S 620 349 If the market's economic tipsters are right, Malcolm Turnbull's double dissolution ambition has set up a showdown between the Reserve Bank and Treasurer Scott Morrison this Tuesday. The Law of Unintended consequences is always working.The Reserve Bank normally h..>> view originalCommonwealth Bank whistleblower Dr Benjamin Koh alleges smear campaign
Commonwealth Bank whistleblower Dr Benjamin Koh alleges smear campaign Posted April 28, 2016 17:38:39 The corporate whistleblower who was sacked after speaking out about the scandal inside CommInsure has told a Senate Committee he has no faith in the Commonwealth Bank's ability to investigate itself.CommInsure's former chief medical officer Dr Benjamin Koh has told the Senate inquiry into financial advice that he was targeted for revealing allegations of unethical be..>> view original'Project Mastermind': Colgate colluded with rivals and Woolworths to rip you off
Video will begin in 5 seconds. When to buy back into Woolworths The giant grocer has missed an opportunity to revamp its culture, but investors should keep a watchful eye. PT0M37S 620 349 Household name Colgate has been found guilty of conspiring with two rivals and supermarket giant Woolworths to manipulate the laundry detergent market and rip off customers, in what its executives called "project mastermind".The Federal Court on Thursday slapped an $18 million penalty on Colg..>> view originalUPDATE 1-BOJ keeps policy steady, pushes back price target deadline again
TOKYO The Bank of Japan held off from expanding monetary stimulus on Thursday, defying market expectations for action even as soft global demand, an unwelcome rise in the yen and weak consumption threatened to derail a fragile economic recovery.The yen surged the most against the dollar and the euro in nearly six years as the decision caught investors off guard, while the Nikkei share average sank 3.6 percent. [MKTS/GLOB] BOJ Governor Haruhiko Kuroda left the door open for more stimulus, str..>> view originalMurray Goulburn executives milked it
High milk prices were a 'gateway' condition for Murray Goulburn executives. Photo: Andrey Rudakov Murray Goulburn's senior executives – including outgoing chief Gary Helou – were paid short-term incentives to keep the milk price high, a situation that has proved unsustainable and burdened the unit trust with high debt levels that some analysts have flagged as concerning.According to the prospectus, high milk prices were a "gateway" condition, or a requirement..>> view originalQuickflix won't admit defeat to Netflix, Stan and Presto in streaming war
Despite Quicklix entering administration, its founder Stephen Langsford remains hopeful the business will survive. Erin Jonasson The founder and chief executive of Australian TV and movie streaming service Quickflix is refusing to wave the white flag in the war with rivals Netflix, Stan and Presto, despite his company entering voluntary administration on Tuesday.Quickflix, which began as a postal DVD rental service in 2003, was Australia's lead..>> view originalNew Antarctic icebreaker to be operated by Sydney company
New Antarctic icebreaker to be operated by Sydney company DMS Maritime By Fiona Blackwood Updated April 28, 2016 13:36:59 A contract to operate Australia's new Antarctic icebreaker has been signed after two years of negotiations. Key points:$1.1 billion of ship's budget will be spent in TasmaniaShip to carry passengers and supplies to Antarctic basesGovernment to have final say in naming competition The $2 billion contract has been awarded to Sydney-based compan..>> view original
Thursday, April 28, 2016
BP defends bight oil drill plan and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment