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BHP predicts slower path to US shale profit

BHP Billiton believes its US shale business will be profitable by the 2016 financial year, in what appears to be a slightly less ambitious schedule than the one outlined last year by former petroleum boss Mike Yeager.

12 Dec 2013
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Talking down the economy won't help Coalition's popularity

Yes, the Coalition's fall in the opinion polls has become an economic problem. The factors behind it are taking the shine off consumer confidence at a time when increased consumption and stronger business confidence are required to minimise pain in a transitioning economy.

12 Dec 2013
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Holden loss shows need for reform

A total of 2900 jobs to go at Holden, multiples of that likely to go in Australian supplier companies. Tony Abbott called last May's announcement by Ford that it would stop making cars in Australia in 2016 at a cost of 1200 jobs "a black day for Australian manufacturing". Holden's decision to stop making vehicles in 2017 could turn the car-making industry's lights out for good.

12 Dec 2013
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GrainCorp decision made 'on hop'

Senior National Party figure Peter Walsh has repeated criticism that the government's rejection of the GrainCorp takeover was a decision made "on the hop", and one that it might regret.

12 Dec 2013
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Smartphone pay plan

Westpac will next year allow customers to make payments at credit card terminals through their smartphones, the latest sign of banks competing through investments in technology. From early 2014, customers with certain Android handsets will be able to access funds from debit or credit card accounts by waving their phones at merchant terminals.

12 Dec 2013
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Broadcaster refinances

Southern Cross Media has reached a deal with lenders to refinance $765 million of debt, as it tries to bring down its gearing. The broadcaster said the five-year debt facility included improved commercial terms and financial covenants. The facility will be funded by ANZ, NAB and Commonwealth Bank, as well as the Japanese banks Sumitomo and Mizuho.

12 Dec 2013
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