Optimism about future after Darwin City Deal

Optimism about future after Darwin City Deal

Local restaurateur Darren Lynch and NT Chamber of Commerce chief executive Greg Bicknell are feeling optimistic about what the City Deal will deliver for Darwin. PICTURE: Justin Kennedy Confidence is at an all-time high that the Territory and the Federal Governments will deliver on their promise of good things to come under their City Deal for Darwin. Chamber of Commerce NT CEO Greg Bicknell and Darwin City Traders head Darren Lynch say they believe there is genuine intent to deliver on priority projects for our city. “I definitely think we…

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Palaszczuk rules out royalty holiday for Adani

Palaszczuk rules out royalty holiday for Adani

Queensland cabinet has decided not to grant a royalty holiday for the Adani Carmichael mine.  It comes after ongoing reports of tension between the Left and Right factions in the Palaszczuk cabinet over royalties for the Adani mine. Queensland Premier Annastacia Palaszczuk says there will be no royalty holiday for the Adani Carmichael mine. Photo: Tertius PickardMinisters were called to a cabinet meeting on Friday afternoon to make a decision on the issue. In a brief statement released at 5.29pm on Friday, Ms Palaszczuk said state cabinet had “unanimously agreed to…

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S&P500 hits a new record high, but solid retail profit held back by oil's slide

S&P500 hits a new record high, but solid retail profit held back by oil's slide

Posted May 26, 2017 08:20:52 Photo: Strong economic data and solid bank results boosted shares on Wall Street overnight. (Reuters) Wall Street’s S&P500 index found a fresh high overnight, driven by some solid profit results for major US retailers, while OPEC’s extension of oil production cuts sent oil prices sharply lower. Markets at 7:15am (AEST): ASX SPI 200 futures -0.03pc to 5,793 AUD: 74.49 US cents, 57.57 British pence, 83.33 Japanese yen, 66.47 eurocents, $NZ1.061 US: S&P 500 +0.44pc to 2,415, Dow Jones +0.34pc to 21,082, Nasdaq +0.69 pc to…

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How to lift your retirement income

How to lift your retirement income

INCOME paid to many retirees has gone from bad to worse in recent years as the world remains stuck in a low-interest environment. Those who shifted their life savings into the safety of cash during the Global Financial Crisis have watched their bank deposit interest rates shrink from 7-8 per cent in 2008 to less than 2.5 per cent today. With their savings barely keeping up with inflation, and falling behind in key areas such as council rates, health insurance and electricity, some are again wading into the share market…

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Deutsche Bank is bullish on Woodside, as energy stocks lag oil rebound

Deutsche Bank is bullish on Woodside, as energy stocks lag oil rebound

As the Organisation of Petroleum Exporting Countries appears poised to extend production cuts into 2018, the equity strategists at Deutsche Bank have highlighted the opportunities that exist in the Australian energy sector, which despite above-market earnings per share growth has not yet seen major benefits from OPEC’s attempts to reduce the global oil glut. As oil prices began to plunge in 2015, ASX energy stocks were dragged sharply lower. The price of brent oil has since doubled from its $US26.21 a barrel low in February 2016, trading at $US51.69 a…

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