Legal action has 'zero' chance of success: Palmer
Ex-worker says his vote to liquidate the company is 'a big F-you to Clive'. Documents revealed Mr Palmer used an email alias to approve Queensland Nickel payments. Palmer: 'Tragedy' is largely the result of the global resources sector. Photo: ABC.>> view originalStruggling steelmaker Arrium to be boosted by new import duties imposed on cheap Chinese steel
Struggling steelmaker Arrium to be boosted by new import duties imposed on cheap Chinese steel Updated April 23, 2016 12:12:58 Import duties will be imposed on "unfairly priced" Chinese steel products by the Federal Government in a bid to help embattled South Australian steelmaker Arrium remain competitive. Key points:Import duties now apply to two types of steel products from ChinaDuties are up to 53 per cent of the export price, and are intended to help ArriumAustral..>> view originalFuture Fund's golden run ends
iiNet founder Michael Malone joins NBN board
iiNet founder Michael Malone has been appointed to the NBN board. Photo: Chris Pearce iiNet founder Michael Malone has been appointed to the board of NBN, replacing friend and former colleague Simon Hackett.The appointment, announced by Finance Minister Mathias Cormann and Communications Minister Mitch Fifield on Friday, could see the rebellious streak Mr Hackett brought to the table continue at the NBN board. They're stuck with me for three years so I can s..>> view originalBank bashing a vote winner as tide turns in Canberra
Back before the global financial crisis hit, St George Bank launched a memorable television ad campaign that tapped into the disdain for the big banks permeating Australian society at the time.A man at a barbecue is asked what he does for a living. "Me, I'm a banker," he replies.Everyone in the scene freezes in horror before he responds. "I'm with St George." Relieved laughter all round.The campaign by creative director Neil Lawrence was deemed a success as it resonated with the general public..>> view originalGreens MP sets river on fire in anti-coal seam gas protest
The gas in the Condamine River catches fire.Staff reportersThe Courier-MailA GREENS politician has set the Condamine River in Queensland on fire in a coal seam gas protest.NSW Greens MP Jeremy Buckingham posted a video (see below) of the incident on his Facebook page.Mr Buckingham was on a tinny in the river when sparked the fire with a kitchen lighter.“Holy f***. Unbelievable. A river on fire,” he says in the video. “The most incredible thing I’ve seen. A tragedy in the Murray-Darling Basin.”Mr..>> view originalIron ore will not survive at $US70, dashing hopes of budget windfall
The price of iron ore is not sustainable at $US70 a tonne and any benefit to the economy from higher spot prices for Australia's biggest export tend to be offset by the higher value Australian dollar.Iron ore has staged a remarkable run, posting gains in excess of other commodities such as copper and oil. That is because iron ore is the most leveraged to any acceleration of investment in China's economy, and a rush of credit-fuelled growth has interrupted what is widely agreed to be a still int..>> view originalMalcolm Turnbull's government is sending more mixed messages on tax
Giving with one hand?: Turnbull government will bring down its budget on May 3. Photo: Alex Ellinghausen The Turnbull government is sending more mixed signals on tax, refusing to publicly confirm reports the budget will include middle class income tax cuts that appeared to be off the table just a few weeks ago.The government is reportedly planning to increase income tax thresholds to prevent so-called bracket creep, with Treasurer Scott Morrison to target peo..>> view original
Friday, April 22, 2016
Legal action has 'zero' chance of success: Palmer and other top stories.
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