Panadol Osteo price hike statement ambiguous but not misleading: ACCC
Statements linking a price increase of Panadol Osteo to its removal from the Pharmaceutical Benefits Scheme were "ambiguous" but not misleading, an investigation by the Australian Competition and Consumer Commission has found. More News Videos Previous slide Next slide Price hike set for Panadol Osteo Did he mislead parliament? Sydney Olympic Park 2030 Masterplan Phillip Hughes inquest begins CFA legislation to pass Hinc..>> view originalFortescue Metals buys an iron ore mine for just $1
Billionaire Andrew (Twiggy) Forrest’s Fortescue Metals is paying just $1 to buyout BC Iron’s 75% interest in the Nullagine joint venture mine north of Newman in the Pilbara region of Western Australia. Fortescue is now seeing if there is a viable was to restart operations at the iron ore mine. The acquisition includes all assets and rehabilitation obligations. BC Iron shares jumped 16% to $0.21. Fortescue shares closed 1.8% higher at $5.03. Operations at the mine were suspended in late 2015..>> view originalGina Rinehart's Kidman bid hinges on deal structure and development proposals
Prime Minister Malcolm Turnbull: "I always welcome seeing Australian investment in Australian agriculture". Alex Ellinghausen The Coalition government has suggested mining magnate Gina Rinehart's joint bid for the Kidman empire has a good chance of receiving foreign investment approval due to the proposed structure of the bid and a commitment to developing the property.Both Prime Minister Malcolm Turnbull and federal Finance Minister Mathias Co..>> view originalSuccess with CIMIC raid on UGL to hinge on troubled Ichthys project progress
Any hopes that Spanish-controlled CIMIC's $524 million bid for control of troubled heavy engineer UGL would succeed quickly have been blunted by sharemarket investors, who overbid the $3.15-a-share offer price from the start of trading as investors look for an update on a troubled project before deciding the bid's fate.CIMIC, known formerly as Leighton Holdings, launched a "final" bid for UGL from the start of trading on Monday, after snapping up a 13.8 per cent stake in the target. But specula..>> view originalEconomy in 'bust' mode, but no hard landing, Citi says
Australia's economy is in "bust" territory for just the second time in two decades, but that doesn't necessarily point to a hard landing, according to Citi. Economists for the investment bank, led by Paul Brennan, have developed a "bubble meter" for the economy, which creates a "Z score" by measuring terms of trade, mining investment, bond yields, apartment approvals and house prices. More Business Videos Previous slide Next slide Glenn Stevens: The future of property ..>> view originalBaird slammed over greyhounds back-down
Premier Mike Baird is set to announce an embarrassing back-down on his greyhound racing ban and will instead give the industry "a final chance" to reform, with a statutory review possible in three years, pushing the issue beyond the 2019 election.Cabinet is preparing to revisit the ban on Tuesday morning after a sustained media and industry campaign since it was announced in July and amid expectations of a large swing against the government at the November 12 Orange byelection. More..>> view originalMoody's warns on rising commercial property risks to banks
Australian banks are at growing risk of being burned by their financing of office towers and inner-city apartments, amid "pockets of distress" in the commercial property sector, Moody's says.The credit rating agency on Tuesday said there were "increasing signs of imbalance" in the commercial property market, a sector that has historically been the biggest cause of problem loans for the major domestic banks. The high number of apartments to hit the market in Sydney, Melbourne and Brisbane r..>> view original
Saturday, October 15, 2016
Panadol Osteo price hike statement ambiguous but not misleading: ACCC and other top stories.
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